Chasing the Yield
Investing for income through dividends and distributions
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Why almost all publicly traded banks are saddled with declining loan values
It’s a simple answer. Rising interest rates. Loans made when rates were low are much harder to sell than loans made at today’s rates. It’s a similar problem to what happened with Silicon Valley Bank and the government treasuries they held. This problem was created by virtually free money for almost a decade (near zero…
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After five years of exploration Exxon (XOM) abandons drilling off the coast of Brazil
After failing for the third time to find commercially viable amounts of crude there last year, the Texas oil giant has shifted geologists and engineers from working on the offshore acreage it began snapping up with partners for $4 billion in 2017 to other countries, including Guyana, Angola and Canada, these people said. Exxon hasn’t…
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Johnson & Johnson proposes $9 billion settlement in talc case
As an investor of J&J I would like to see this approved and get the company past this. Johnson & Johnson has proposed paying at least $8.9 billion to thousands of people who sued the company alleging that their use of J&J’s talc-containing powders caused cancer, in what would be one of the biggest product-liability settlements ever.…
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Bank OZK announces dividend increase of 2.94%
Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.35 per share, up $0.01, or 2.94% from the prior quarter. The common stock dividend is payable on April 21, 2023 to shareholders of record as of April 14, 2023. Bank OZK has increased its quarterly cash dividend on its common stock…
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CareTrust REIT raises dividend by 1.8%, 9th straight year
CareTrust REIT, Inc. (CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.275 to $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2023 and management affirmed that the company plans to…
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Simply Safe Dividends reviews regional bank safety
This is an excellent write up of what happened with Silicon Valley Bank and the potential risks facing other regional banks. FYI, Simply Safe Dividends is a service I use and pay for to evaluate companies in my portfolio. They have been invaluable to me since I started investing for dividend income. There is also…