Office supplies retailer�OfficeMax (NYSE: OMX ) announced yesterday its third-quarter dividend of $0.02 per share, the same rate it's paid for the past four quarters after slashing the payout 87% from $0.15 per share.
The board of directors said the quarterly dividend is payable on Aug. 30 to the holders of record at the close of business on Aug. 15. The office supplies retailer paid a special dividend of $1.50 per share last month. It is in the midst of being acquired by Office Depot�for $1.2 billion.
The regular dividend payment equates to an $0.08-per-share annual dividend, yielding 0.7% based on the closing price of OfficeMax's stock on July 25.
5 Best Financial Stocks To Watch Right Now: TECO Energy Inc.(TE)
TECO Energy, Inc., an electric and gas utility company, through its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electric energy. It provides retail electric service to approximately 672,000 customers in West Central Florida with a net winter system generating capability of 4,684 megawatts. The company also engages in the purchase, distribution, and marketing of natural gas. It serves approximately 336,000 residential, commercial, industrial, and electric power generation customers in Florida. In addition, the company owns mineral rights, owns or operates surface and underground mines, and owns interests in coal processing and loading facilities. TECO Energy, Inc. was founded in 1899 and is headquartered in Tampa, Florida.
Advisors' Opinion:- [By Justin Loiseau]
TECO Energy (NYSE: TE ) is to coal stock as Dominion is to natural gas stock, with coal-centric capacity (61%) and mines in Kentucky, Tennessee, and Virginia. Rising natural gas prices are expected to increase coal demand by 7.8% for 2013, but a lack of modernization could leave TECO shareholders hung out to dry if coal becomes cost-ineffective a second time around.
- [By Justin Loiseau]
PPA's are a sore spot for Atlantic, as they're a key facet of a flurry of lawsuits aimed at punishing the company for alleged false and/or misleading statements concerning the future of soon-to-be-renewed contracts. Duke's Progress Energy Florida didn't select Atlantic as its power provider of choice, and TECO Energy's (NYSE: TE ) Tampa Electric recently decided to take power generation into its own hands with a new combined-cycle plant.
- [By David Dittman]
Answer: I don’t anticipate a spate of dividend cuts. FirstEnergy Corp’s (NYSE: FE) problems were apparent last fall, when it announced 2013 Q3 numbers. We do have TECO Energy Inc (NYSE: TE) and PG&E Corp (NYSE: PCG) on the UF Dividend Watch List, though the latter is in a much more precarious position than the former.
The regulatory environment is generally improving, as state and federal authorities are beginning to recognize the investment utilities have made over the past half-decade in system reliability and capacity expansion.
Another key supporting dividends is a healthier US economy, which should support better power demand from commercial and industrial customers.
Hot Dividend Companies To Watch For 2014: Public Service Enterprise Group Incorporated(PEG)
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in the energy industry primarily in the northeastern and mid Atlantic United States. The company primarily operates as a wholesale energy supply company that integrates its generating asset operations through its wholesale energy, fuel supply, energy trading, and marketing and risk management activities. It operates nuclear, coal, gas, and oil-fired generation facilities. The company also involves in the transmission of electricity and distribution of electricity and natural gas to residential, commercial, and industrial customers, as well as invests in the development of solar generation projects and energy efficiency programs. In addition, it owns and operates domestic projects engaged in the generation of energy; and offers appliance services and repairs to customers. As of December 31, 2010, it owned approximately 13,538 megawatts of generation capacity. The company also owned and operated approximately 17,608 miles of gas mains, 12 gas distribution headquarters, and 2 subheadquarters, as well as 62 natural gas metering and regulating stations. Public Service Enterprise Group was founded in 1985 and is based in Newark, New Jersey.
Advisors' Opinion:- [By John Kell and Lauren Pollock var popups = dojo.query(".socialByline .popC"); ]
Power company Public Service Enterprise Group(PEG) unveiled a $12 billion five-year capital spending plan Friday, an effort to boost earnings growth at its utility segment.
- [By Richard Stavros]
Wells Fargo continues to show all of the hallmarks of what value investors seek. The bank boasts a price-to-earnings-to-growth ratio (PEG) of under one (which means it is fairly valued), while also sporting a dividend of 2.79% and low payout ratio of 57%, indicating the dividend has room to grow.
- [By Garrett Cook]
Utilities shares dropped 0.78 percent in today’s trading. Top decliners in the sector included Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS), down 1.7 percent, and Public Service Enterprise Group (NYSE: PEG), off 1.9 percent.
- [By Dimitra DeFotis]
First Energy (FE), Entergy (ETR) and Exelon (EXC) each lost more than 3%, and Public Service Enterprise Group (PEG) fell nearly as much.
A more temporary phenomenon beset airline stocks, with passenger revenue affected internationally by World Cup soccer mania. Leading the airline stocks lower were United Continental Holdings�(UAL),�Delta Air Lines (DAL) and American Airlines (AMR).
Hot Dividend Companies To Watch For 2014: 3M Company(MMM)
3M Company, together with subsidiaries, operates as a diversified technology company worldwide. The company?s Industrial and Transportation segment offers tapes, coated and non-woven abrasives, adhesives, specialty materials, filtration products, energy control products, closure systems for personal hygiene products, acoustic systems products, and components and products that are used in the manufacture, repair, and maintenance of automotive, marine, aircraft, and specialty vehicles. Its Health Care segment provides medical and surgical supplies, skin health and infection prevention products, inhalation and transdermal drug delivery systems, dental and orthodontic products, health information systems, and food safety products. The company?s Display and Graphics offers optical film solutions for LCD electronic displays; computer screen filters; reflective sheeting for transportation safety; commercial graphics sheeting and systems; and mobile interactive solutions, includin g mobile display technology, visual systems products, and computer privacy filters. The company?s Consumer and Office segment provides office supply products, stationery products, construction and home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. Its Safety, Security and Protection Services segment offers personal protection products, safety and security products, cleaning and protection products for commercial establishments, track and trace solutions, and roofing granules for asphalt shingles. The company?s Electro and Communications segment provides packaging and interconnection devices; fluids that are used in the manufacture of computer chips, and for cooling electronics and lubricating computer hard disk drives; high-temperature and display tapes; insulating materials, including tapes and resins; and related items. The company was founded in 1902 and is based in St. Paul, Minnesota.
Advisors' Opinion:- [By Ben Levisohn]
If January’s selloff was all about the emerging markets, February’s is all about the U.S, as fears of a weaker economy have helped drag down 3M (MMM), United Technologies (UTX), General Electric (GE), Whirlpool (WHR) and Kansas City Southern (KSU).
Hot Dividend Companies To Watch For 2014: Vivo Participacoes S.A.(VIV)
Telecomunicacoes de Sao Paulo S.A.-TELESP provides fixed-line telecommunications services to residential and commercial customers in the state of Sao Paulo, Brazil. Its services include local voice services, such as activation, monthly subscription, measured service, and public telephones; intraregional, interregional, and international long-distance voice services; data services comprising broadband services; pay TV services through direct to home satellite technology and land based wireless technology multichannel multipoint distribution service; and network services, such as interconnection and rental of facilities, as well as other services consisting of extended maintenance, caller identification, voice mail, cell phone blockers, computer support, and antivirus for Internet service subscribers. The company also offers multimedia communication services, such as audio, data, voice and other sounds, images, and texts and other information. In addition, it provides interc onnection services to cellular service providers and other fixed telecommunications companies through the use of its network. Further, the company offers telecommunications solutions and IT support designed to address the needs and requirements of companies operating various types of industries, including retail, manufacturing, services, financial institutions, and government. Telecomunicacoes de Sao Paulo S.A.-TELESP provides its products and services through person-to-person sales, telesales, indirect channels, Internet, and door-to-door sales. As of December 31, 2010, its telephone network included 11.3 million fixed lines in service, including residential, commercial, and public telephone lines; 3.3 million broadband clients; and 0.5 million pay TV clients. The company was founded in 1998 and is headquartered in Sao Paulo, Brazil. Telecomunicacoes de Sao Paulo S.A.-TELESP is a subsidiary of Telefonica S.A.
Advisors' Opinion:- [By Dividend]
Here are the top yielding stocks from the screening results:
Telefonica Brasil (VIV) has a market capitalization of $25.08 billion. The company employs 19,614 people, generates revenue of $15.201 billion and has a net income of $1.994 billion. Telefonica Brasil�� earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $5.198 billion. The EBITDA margin is 34.20 percent (the operating margin is 21.26 percent and the net profit margin 13.12 percent). - [By Jon C. Ogg]
Telefonica Brasil, S.A. (NYSE: VIV) is one of the top telecom and communications players in Brazil. At $20.10, its 52-week range is $17.91 to $27.71.
Hot Dividend Companies To Watch For 2014: Freeport-McMoran Copper & Gold Inc.(FCX)
Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, silver, and cobalt. It holds interests in various properties, located in North and South America; the Grasberg minerals district in Indonesia; and the Tenke Fungurume minerals district in the Democratic Republic of Congo. As of December 31, 2010, the company?s consolidated recoverable proven and probable reserves totaled 120.5 billion pounds of copper, 35.5 million ounces of gold, 3.39 billion pounds of molybdenum, 325.0 million ounces of silver, and 0.75 billion pounds of cobalt. The company was founded in 1987 and is headquartered in Phoenix, Arizona.
Advisors' Opinion:- [By Lee Jackson]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) is a top diversified name to buy at Merrill Lynch and may offer investors the best total return play. The company by almost all metrics is undervalued, and it continues to raise its dividend yearly. Merrill Lynch has a $37 price target, and the consensus figure is $36.50. Investors are paid a very solid 4.0% dividend.
- [By Rich Duprey]
It's beginning to look like Freeport-McMoRan Copper & Gold's (NYSE: FCX ) acquisition of oil and gas produce Plains Exploration was prescient. The prospects of an extended closure of its huge Grasberg mine means its drilling operations may be what allows it to survive.
- [By Paul Ausick]
The sales big spender was Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) which posted 16 high bids, totaling just over $321 million. Chevron Corp. (NYSE: CVX) offered six high bids, totaling $106 million, followed by Murphy Oil Corp. (NYSE: MUR) with 16 high bids, totaling nearly $50 million, and Royal Dutch Shell PLC (NYSE: RDS-A) with four high bids, totaling more than $45 million.
Hot Dividend Companies To Watch For 2014: Paragon Shipping Inc.(PRGN)
Paragon Shipping Inc. provides shipping transportation services worldwide. The company engages in the ocean transportation of various drybulk cargoes and containers. Its fleet consists of 11 drybulk vessels with a total carrying capacity of 747,994 dwt. The company was founded in 2006 and is based in Voula, Greece.
Advisors' Opinion:- [By Roberto Pedone]
Another under-$10 name shipping player that's starting to move within range of triggering a big breakout trade is Paragon Shipping (PRGN), which is engaged in transporting drybulk cargoes, including such commodities as iron ore, coal, grain and other materials along shipping routes worldwide. This stock has been on fire so far in 2013, with shares up sharply by 114%.
If you take a look at the chart for Paragon Shipping, you'll notice that this stock just recently took out its 50-day moving average of $4.19 a share with strong upside volume. Shares of PRGN are showing relative strength today, despite the overall market weakness, which shows this stock is in strong demand at current levels. This move is now starting to push shares of PRGN within range of triggering a big breakout trade
Market players should now look for long-biased trades in PRGN if it manages to break out above some near-term overhead resistance at $4.90 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 25,811 shares. If that breakout triggers soon, then PRGN will set up to re-test or possibly take out its 52-week high at $5.70 a share. If that level gets taken out with volume, then PRGN could easily tag its next major overhead resistance levels at $7 to $8.35 a share.
Traders can look to buy PRGN off weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $4.19 a share, or below its 200-day moving average at $3.74 a share. One can also buy PRGN off strength once it clears $4.90 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point. I would add to either position once PRGN takes out its 52-week high at $5.70 a share with strong upside volume flows.
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