Chasing the Yield
Investing for income through dividends and distributions
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Boom time again for oil and gas
Thanks to a mix of events, from the Russian invasion of Ukraine to the U.S. economic recovery, fossil fuels are showing surprising resilience, despite President Biden’s push to transition to clean energy and the industry’s own history of boom-bust investing and heavy reliance on debt. U.S. production of natural gas—Chesapeake’s focus—has hit record levels. The country’s crude oil…
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Enterprise Products Partners (EPD) Raises Distribution; 24th straight year of growth
Enterprise Products Partners L.P. (EPD) announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the fourth quarter of 2022 of $0.49 per unit, or $1.96 per unit on an annualized basis. This quarterly distribution will be paid February…
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Natural gas futures drop on warm weather forecasts
The plunge is a bad omen for drillers, whose shares were among the stock market’s few winners last year. Cheaper gas is good news for households and manufacturers whose budgets have been busted and profit margins pinched by high fuel prices. Falling natural gas prices should help to cool inflation in the months ahead. There are also…
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Bank OZK raises dividend by 3%
Bank OZK (OZK) announced their 50th consecutive quarterly dividend increase of $0.34 per share. The increase is 3% over their previous payout of $0.33 per share. Bank OZK (OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.34 per share, up $0.01, or 3.03% from the prior…
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Exxon & Chevron to concentrate their spending in the Americas
The two fossil-fuel giants plan to spend most of their annual budgets in the Americas this year, with Chevron saying it will pour 70% of the capital allocated for production into oil fields in the U.S., Argentina and Canada, and Exxon saying it will spend a similar portion of its budget in the Permian Basin…
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3M (MMM) defends against chemical contamination claims
If some analysts are correct the liability will be in the tens of billions. What will that do to their dividend? 3M is defending itself against allegations that chemicals and products it has made for decades have contaminated drinking water and pose health risks. Legal and industry analysts expect 3M to be engaged for years…