Category: Blog
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Fastenal (FAST) Increases Dividend by 13%
Fastenal announced its 25th consecutive double-digit annualized dividend. They’ve done this for over two decades. Fastenal Company reported its board of directors declared a dividend of $0.35 per share to be paid in cash on March 2, 2023 to shareholders of record at the close of business on February 2, 2023. Except for share and…
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ONEOK (OKE) Raises Dividend by 2.1%
ONEOK raised its dividend for the first time in three years and continues its thirty year uninterrupted dividend streak. The board of directors of ONEOK, Inc. (NYSE: OKE) today increased ONEOK’s quarterly dividend to 95.5 cents per share, an increase of 2%. This increase results in an annualized dividend of $3.82 per share. The dividend is payable Feb. 14, 2023,…
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Retail Sales in December Dropped 1.1%, November Revised Down
Keep in mind November and December are prime holiday consumer spending months. With inflation being high it would be natural for sales numbers to be up because of the higher prices of goods and services. This is a double whammy. Retail sales, a measure of purchases at stores, restaurants and online, declined a seasonally adjusted…
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Microsoft laying off 10,000
Microsoft Corp. (MSFT) said it was laying off 10,000 employees, becoming the latest tech titan to announce an additional round of cuts amid concerns about the health of the global economy. Microsoft Lays off 10,000 as Slowdown Hits Software Business – WSJ
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Johnson & Johnson cuts production of its COVID-19 vaccine
The New Brunswick, N.J., pharmaceutical company in recent months terminated manufacturing agreements with companies that helped produce the shot during the pandemic such as Catalent Inc. and Sanofi SA. Meanwhile, a partnership with rival Merck & Co. to help make the shots, forged at the urging of the U.S. government, hasn’t lived up to expectations. The companies are now engaged in arbitration. …
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Closed-end funds hit hard by down market
A Pacific Investment Management Co. California municipal-bond fund slashed dividends by 45% this month, while a Nuveen LLC stock fund endured a 7% cut. Eaton Vance Management in November cut distributions across six stock funds by as much as 24%. Six BlackRock muni funds endured at least two payout cuts last year, with dividends falling by as much as…