Chasing the Yield
Investing for income through dividends and distributions
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Realty Income raises dividend by 0.20%, its 122nd monthly increase
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced it has declared an increase in the company’s common stock monthly cash dividend to $0.2560 per share from $0.2555 per share. The dividend is payable on October 13, 2023, to stockholders of record as of October 2, 2023. This is the 122nd dividend increase since Realty Income’s…
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New Jersey Resources (NJR) increases dividend by 7.7%, its 28th consecutive annual increase
The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved a 7.7 percent increase in the quarterly dividend rate to $0.42 per share from $0.39 per share. The new quarterly rate will be effective with the dividend payable October 2, 2023 to shareowners of record on September 20, 2023. This…
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Verizon (VZ) raises dividend 1.9%, its 17th annual increase
The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2023, to Verizon shareholders of record at the close of business on October 10,…
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TC Energy intends to spin-off Pipelines business into separate company
TC Energy, a company that develops and operates energy infrastructure, announced that it plans to spin off its Liquids Pipelines business into a separate company. The decision was made after a two-year strategic review and is expected to be completed in the second half of 2024. The spinoff will create two independent, investment-grade, publicly listed…
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UGI (UGI) announces review of strategic alternatives
UGI Corporation Announces Review of Strategic Alternatives UGI may be considering spinning off its propane operation. Its propane business is about 40% of its earnings and this effort looks to reduce its earnings volatility and strengthen its balance sheet. UGI Investor Update Slide Deck Simply Safe Dividends issued a note on the news ($$). UGI…
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Make money from America’s self-storage addiction
It’s well known that Americans like to buy stuff. I know this first hand being an American with a wife that, I believe, single handedly pulled the United States out of the 2008/2009 Great Recession. Back when my kids were young and we lived in a modest 3 bedroom split-level in a Chicago suburb we…