Currently, Europe is almost in full lockdown and an epicenter for the outbreak. The full extent of the economic fallout due to the coronavirus is still unknown. The equity and bond markets still face considerable risks. We see and expect more downgrades, suspended dividends, and buy-back programs and regulatory changes to come. Especially dividend focussed…
The Dividend Kings are the best in class with respect to dividend endurance. A Dividend King is a stock with 50 or more consecutive years of dividend increases. The Dividend Kings list can be a good source for selecting dividend stocks. While the S&P Dividend Aristocrats Index consists of over 60 stocks, which includes companies…
The Dividend Aristocrats are companies of the S&P 500 that have paid steadily increasing dividends for at least 25 years have outperformed the broader market over time. On Tuesday, The Dow Jones Industrial Average DJIA, soared 2,113 points (11.36%) to close at 20,704.91, for its best one-day percentage performance since 1933. The S&P 500 Index…
Due to the Corona/covid-19 crisis, Goldman’s equity strategists are forecasting a +30% drop in S&P 500 earnings per share in 2020 from last year. They expect that revenues are hit hard and share buybacks are on hold to save cash. Goldman equity strategists screened for stocks that investors should consider owning in the current challenging…
Nordstrom, Inc. (NYSE:JWN) announced the suspending of its dividends and share buyback program as precautionary measures to strengthen its financial position in response to the rapidly changing market uncertainty due to the coronavirus (COVID-19). The two main actions taken are: suspending of its quarterly cash dividend beginning in the second quarter of fiscal 2020. The…
Dividend Aristocrat Nucor Corp. (NUE) expects Q1-2020 earnings to be in the range of $0.95 to $1.00 per share. This is a decrease from the first quarter of 2019 earnings of $1.63 per share, which included a benefit of $0.08 per share. Order rates, backlogs and utilization rates at the company’s steel mills have remained…
Ford Motor Co. (F) said on Thursday that it will suspend its dividend to preserve cash in the wake of the current Corona (Covid-19) crisis. In a statement, Ford announced it recently obtained 15.4 billion dollars of additional cash on balance sheet, drawing from two credit lines. On the news, shares of Ford fell almost…
German DAX-index member Heidelberg Cement (HEI.XETRA) has published its FY 2019 results. Earnings per share are up 23% at 6.40 euros. Also, a dividend per share increase has been announced of 2.20 euros per share from 2.10 euros. This is the 10th consecutive dividend increase. The current dividend yield is above 6%. and this is…
Dividend Aristocrat Realty Income Corporation (O) recently announced its 106th common stock monthly dividend increase, since 1994. The company will now pay $0.2330 per share compared with the previous monthly dividend of $0.2325. The increased dividend will be paid on April 15, to shareholders on record as of April 1, 2020. The new annual dividend…
Here are some recent recommendation updates related to Dividend Aristocrats and holdings in our international dividend portfolio: JPMorgan upgraded Clorox (CLX) to overweight from underweight. RBC downgraded Exxon Mobil (XOM) to underperform from neutral. Raymond James downgraded AT&T (T) to market perform from outperform. Morgan Stanley named Procter & Gamble (PG) a top pick. Morgan…