Chasing the Yield
Investing for income through dividends and distributions
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Hoegh LNG Partners cuts distribution 98%
In a big lesson learned for me I’m taking a big hit on Hoegh LNG Partners. They cut their distribution 98% from $0.44/share to $0.01/share. I knew they were a high risk for cutting their distribution but didn’t know it would end up that bad. It’s a double whammy because after the announcement shareholders are…
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Microsoft posts 47% profit increase year over year… stock falls 2% after hours
The Redmond, Wash.-based company reported financial fourth-quarter sales of $46.2 billion after the bell Tuesday, up around 21% from the year-prior period. It generated a $16.5 billion profit for the period ended June 30, an increase of 47% year-over-year, exceeding Wall Street expectations. Analysts expected $44.1 billion in sales at a profit of $14.6 billion.…
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Orders for durable goods increased in June
Consumables are declining while durable goods are increasing. Kimberly Clarke reported reduced sales and now Lysol has done the same. Seems like the money pile keeps moving from one sector to another. New orders for products meant to last at least three years increased 0.8% to a seasonally adjusted $257.6 billion in June as compared with May,…
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Stock market swings, inflation worries, and home prices up
Stock market swings, inflation worries, home prices up, one MLP cuts distribution 35%!, and more
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Median existing home price rose 23.4% in June
Limited inventory is still having a big effect. In the subdivision I live the houses don’t stay on the market more than a week or two before they’re sold. It’s a little crazy. Existing-home sales rose 1.4% in June from the prior month to a seasonally adjusted annual rate of 5.86 million, the National Association…
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Inflation continues to weigh on companies and consumers
I’m starting to lean towards the notion that this will not be a transitory inflationary period. If a federal $15 minimum wage comes to pass combined with further climate change regulations there is nowhere for costs to go except up. “In an environment where inflation continues to rise quarter after quarter after quarter, there are…