Author: Kevin Bae
-
Genuine Parts Company Completes Acquisition of Kaman Distribution Group
Genuine Parts Company (NYSE: GPC) (“GPC”), a leading distributor of automotive and industrial replacement parts, announced today that its wholly-owned subsidiary, Motion Industries, Inc. (“Motion”) has completed the purchase of Kaman Distribution Group (“KDG”) for a purchase price of approximately $1.3 billion in cash, effective January 3, 2022. KDG is a leading power transmission, automation and…
-
2021 Yields in Review – Redux
Like an idiot I thought the market would be closed on Friday, January 31, 2022 so I did my wrap up last week. Well, here we go again!
-
Starwood Capital acquires majority interest in Houston based Land Tejas
Starwood Property Trust (STWD) has a current dividend yield of 7.88% and is rated as “BORDERLINE SAFE” by SimplySafeDividends. I hold STWD in my High Yield Portfolio. In total STWD is 0.3% of my portfolio. Starwood Capital Group, a global private investment firm focused on real estate and energy investments, announced today that a controlled…
-
Vuzix Corp partners with Verizon to leverage their 5G network for augmented reality
Verizon (VZM) has a current dividend yield of 4.89% and is rated as “Very Safe” by SimplySafeDividends. I hold VZ in my Medium Yield Portfolio. In total VZ is 0.8% of my portfolio. The agreement between Vuzix and Verizon will focus on the technology advancement and commercialization aspects of delivering immersive augmented reality training experiences…
-
Telefonica reached an agreement with trade union for layoffs
The Spanish telecommunication company said Tuesday that the plan entails the voluntary departure of about 2,700 employees, at a cost of around 1.50 billion euros ($1.70 billion) before taxes to be accounted for in the fourth quarter. Telefonica, Trade Unions Agree on Deal For Thousands of Voluntary Layoffs – MarketWatch
-
J&J filed for approval of Teclistamab for patients with refractory multiple myeloma
Johnson & Johnson (JNJ) has a current dividend yield of 2.47% and is rated as “Very Safe” by SimplySafeDividends. I hold JNJ in both my Low and Medium Yield Portfolios. In total JNJ is 1.4% of my portfolio. Johnson & Johnson’s Janssen Pharmaceutical Cos. unit on Wednesday said it filed for U.S. Food and Drug…