Category: Blog
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Public Storage increases dividend by 50%
This increase is their first since 2016. The yield jumps from about 2.7% to 3.9% Public Storage (NYSE:PSA) announced today that its Board of Trustees declared a 50% increase in the Company’s regular common quarterly dividend from $2.00 to $3.00 per share. The distribution equates to an annualized increase to the Company’s regular common dividend…
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CorEnergy (CORR) Suspends Dividend
CorEnergy Infrastructure Trust, Inc. (CORR) issued a press release this morning announcing the suspension of their dividend for the time being. This means income investors like me have to scramble to get out of the stock before the price drops too much from other investors jumping ship. As of today it’s down 12% which is…
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Eversource Energy announces dividend increase of 5.9%
The Eversource Energy Board of Trustees declared a quarterly dividend of $0.675 per share, payable March 31, 2023, to shareholders of record as of March 2, 2023. Eversource also announced today that it will webcast a conference call with financial analysts on Tuesday, February 14, 2023, beginning at 9 a.m. Eastern Time, at which senior…
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Infrastructure Investments Fund completes Acquisition of South Jersey Industries
Also announced is a special dividend of $0.1499 per share. South Jersey Industries, Inc. (NYSE: SJI) (SJI) and the Infrastructure Investments Fund (IIF), a private investment vehicle focused on investing in critical infrastructure assets, announced that IIF’s acquisition of SJI is closing today. “The completion of this transaction marks an exciting new chapter for SJI,”…
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Capital Southwest (CSWC) increases dividend 1.9%
Capital Southwest (NASDAQ:CSWC) just reported double beats on its fiscal 2023 third quarter earnings with a quarterly per share cash dividend payout of $0.53 declared. This was a 1.9% increase from the prior payout for a yield of 10.7%. Against a 14% year-to-date increase of its commons, the business development company (“BDC”) has now maintained…
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Exxon (XOM) records highest annual profit ever
The largest U.S. oil company turned in record annual earnings of $55.7 billion for 2022 in its quarterly earnings Tuesday, outpacing big banks, tech giants and vaccine makers. Among companies that have reported fourth-quarter earnings, only Apple Inc. AAPL 0.28%increase; green up pointing triangle and Microsoft Corp. MSFT 1.30%increase; green up pointing triangle have surpassed…