Author: Kevin Bae
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Investors increasingly look to stocks that produce income
Investors are rushing to companies promising regular payouts to shareholders, a sign of Wall Street’s hunger for cash in hand as the Federal Reserve raises interest rates and major stock indexes struggle. They are turning to companies such as AT&T Inc. and cigarette-maker Altria Group Inc. as the broader market endures one of its most volatile stretches of the past decade. Worries about…
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U.S. households spending almost double on gasoline versus last year
U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research. In March, the annual rate of gasoline spending was at $3,800, Yardeni noted. During the week of May 16, the national retail price for gasoline reached a record $4.59 per gallon, the…
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Leggett & Platt increases dividend 4.8%
Leggett & Platt (LEG) announced its next dividend of $0.44 per share, a 4.8% increase over the company’s previous payout of $0.42. Leggett & Platt (LEG) has a current dividend yield of 4.63% and is rated as “Safe” by SimplySafeDividends. I hold LEG in my Low & Medium Yield Portfolios. In total LEG is 1.2% of my…
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Target shares sink 25% in pre-market trading on lower earnings
Sales at the Minneapolis-based retailer increased in the most recent quarter as shoppers spent more on food and groceries and even luggage as they prepared to travel again, but supply-chain costs and inflationary pressures cut into profits. Like Walmart Inc., its larger rival, Target reported quarterly earnings that missed Wall Street’s forecasts. Target shares fell nearly 25% to…
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Albemarle (ALB) – Growth stock with small dividend
Chasing the Yield – May 16, 2022 Episode 53 Value 4 Value podcastingListen to this podcast on PodFriend News J&J names executives to new consumer healthcare spin-off company Pension funds suffer in current market conditions Albemarle (ALB) has a current dividend yield of 0.67% and is rated as “Very Safe” by SimplySafeDividends. I hold ALB…
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Pension funds suffer under current market conditions
Losses across both stock and bond markets delivered a double blow to the funds that manage more than $4.5 trillion in retirement savings for America’s teachers, firefighters and other public workers. These retirement plans returned a median minus 4.01% in the first quarter, according to data from the Wilshire Trust Universe Comparison Service expected to be released Tuesday. Recent…