Chasing the Yield
Investing for income through dividends and distributions
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Talk of Amazon (AMZN) mobile service scares wireless telecom investors
Amazon.com may be planning to offer mobile phone service to its Prime subscribers. The Wall Street Journal reported Amazon has been in talks with wireless carriers about providing low-cost or free mobile service as a perk for its loyal customers. This news sent shockwaves through the telecom industry. Shares of AT&T (T), Verizon (VZ) and…
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Albemarle (ALB) becomes world’s largest lithium producer
Lithium is a key ingredient for making batteries that power electric vehicles, smartphones and other devices. As the demand for these products grows, so does the need for lithium. But where does lithium come from and who controls its supply? One company that has a big stake in the lithium market is Albemarle, a Charlotte,…
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Exxon Chevron explore deal; reject ESG
Exxon and Chevron to Drill for Gas in Algeria Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX), the two largest U.S. oil and gas companies, are close to signing deals with Algeria’s state-owned energy company Sonatrach to drill for natural gas in the North African country, The Wall Street Journal reported on Friday . The…
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How my income increased $193 by doing nothing
Do you like getting paid for doing nothing? I do! That’s why I love dividend stocks. You buy stock in companies that share profits with their shareholders. Most pay every quarter, some pay monthly, and some of them increase their dividends every year. That means more money for me! In this blog post, I’m going…
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Mid-year 2023 Portfolio Update
I made changes to my portfolios in 2023 and updated all my portfolio pages. This year has been a stinker if you’re gauging performance by stock price. Dividend income however continues to be steady and rising. Dividend growth across all three of my portfolios is about 3% while total value of my portfolio is down…
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CIBC raises dividend by 2.4%, continuing it’s streak to 13 years
CIBC (TSX: CM) (NYSE: CM) announced today that its Board of Directors declared a dividend of $0.87 per share on common shares for the quarter ending July 31, 2023, an increase of $0.02 per share from the previous quarter. This dividend is payable on July 28, 2023 to shareholders of record at the close of business on June 28, 2023. CIBC