Looking at the universe of stocks we cover at Dividend Channel, on 8/14/13, HNI Corp (NYSE: HNI) will trade ex-dividend, for its quarterly dividend of $0.24, payable on 8/30/13. As a percentage of HNI’s recent stock price of $37.92, this dividend works out to approximately 0.63%, so look for shares of HNI Corp to trade 0.63% lower — all else being equal — when HNI shares open for trading on 8/14/13.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen » or click here to find out which 9 other stocks going ex-dividend you should know about, at DividendChannel.com »
Below is a dividend history chart for HNI, showing historical dividends prior to the most recent $0.24 declared by HNI Corp:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HNI is likely to continue, and whether the current estimated yield of 2.53% on annualized basis is a reasonable expectation of annual yield going forward.
Best Building Product Companies To Buy For 2015: Nuveen Municipal High Income Opportunity Fund (NMZ)
Nuveen Municipal High Income Opportunity Fund (the Fund) is a closed-ended fund. The fund’s primary investment objective is to provide high current income exempt from regular federal income tax. Its secondary investment objective is to seek attractive total return consistent with its primary objective. The fund invests in municipal securities that are exempt from federal income taxes. The fund invests at least 50% of its managed assets in municipal securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, and Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The fund may invest up to 50% of its managed assets in municipal securities that, at the time of investment, are rated below investment grade quality or that are unrated but judged by the manager to be of comparable quality. The Fund’s investment advisor is Nuveen Fund Advisors, Inc. Advisors’ Opinion:
- [By Jon C. Ogg]
8. Municipal bonds outperform taxable bond counterparts – The move is predicted to be led by high-yield after serious outflows from municipal bond funds. Doll’s take: the pricing of municipal securities relative to taxable fixed income securities more than take that into account.
First Recommendation: Nuveen Municipal High Income Opportunity Fund (NYSEMKT: NMZ) as a high-yield closed-end fund municipal bond fund. The fund may invest up to 50% of its managed assets in municipal securities rated below investment grade quality, but no more than 5% of the managed assets may be invested in munis rated at or below B3/B-. Second recommendation: Market Vectors High-Yield Muni ETF (NYSEArca: HYD)
9. Active managers outperform index funds – This stance is one which has been an ongoing issue for years and years with most managers underperforming benchmarks. Doll believes that active managers have a better chance to outperform when markets and sectors have less correlation.
Best Building Product Companies To Buy For 2015: Equity Residential (EQR)
Equity Residential (EQR) is a real estate investment trust (REIT). The Company is focused on the acquisition, development and management of multi-family residential properties, which includes the generation of rental and other related income through the leasing of apartment units to residents, in United States. ERP Operating Limited Partnership (or Operating Partnership), which is an Illinois limited partnership, conducts the multifamily residential property business of EQR. All of the Company’s property ownership, development and related business operations are conducted through the Operating Partnership. The Operating Partnership holds all of the assets of the Company, including the Company’s ownership interests in its joint ventures. As of December 31, 2011, the Company, directly or indirectly through investments in title holding entities, owned all or a portion of 427 properties located in 15 states and the District of Columbia consisting of 121,974 apartment units. In December 2012, it acquired four multifamily properties totaling 1,134 units.
The Company is structured as an umbrella partnership REIT (UPREIT). EQR is the general partner of, and, as of December 31, 2011, owned an approximate 95.7% ownership interest in ERPOP. The remaining 4.3% interest is owned by limited partners. As of December 31, 2012, the Company’s wholly owned properties included 404 properties and 113,157 apartment units. Its consolidated partially owned properties include 21 properties and 3,916 apartment units. The Company’s military housing includes two properties and 4,901 apartment units. As of December 31, 2011, the Company’s properties had an average occupancy of approximately 94.2% (94.7% on a same store basis).
During the year ended December 31, 2011, EQR acquired apartment properties consisting of 20 consolidated properties and 6,103 apartment units and acquired five land parcels; acquired one vacant land parcel in New Yor k City in a joint venture with Toll Brothers, and acquired o! ne unoccupied property in the San Francisco Bay Area consisting of 95 apartment units. During 2011, it also acquired a 97,000-square foot commercial building adjacent to its Harbor Steps apartment property in downtown Seattle, and sold consolidated apartment properties consisting of 47 properties and 14,345 apartment units. Subsequent to 2011, the Company acquired two land parcels, and sold one property consisting of 704 apartment units.
- [By gurujx]
Equity Residential (EQR) Reached the 3-year Low of $50.83
The prices of Equity Residential (EQR) shares have declined to close to the 3-year low of $50.83, which is 26.3% off the 3-year high of $65.72.
- [By Sean Williams]
To get a better idea of how RealPage is doing, it’s always best to look at occupancy rates for some of the nation’s biggest residential-REITs. In AvalonBay Communities’ (NYSE: AVB ) most recent quarter, the company reported a 5% increase in revenue attributable to a 4.7% boost in prices in established communities, and a 0.3% uptick in occupancy. For Equity Residential (NYSE: EQR ) it was much of the same, with revenue rising 5.4% in the fourth-quarter as occupancy rates rose 40 basis points to 95.4% from the year-ago period. Finally, Essex Property Trust (NYSE: ESS ) delivered some of the strongest occupancy results of all, with 96.9% of its units occupied as of the end of January. The point is that with occupancy rates at their lowest levels in more than a decade, these residential REITs are driving growth by boosting prices because of rent scarcity.
- [By Rich Duprey]
Apartment-building operator Equity Residential (NYSE: EQR ) announced today its second-quarter dividend of $0.40 per share, the same rate it paid last quarter after raising the payout 18.5%, from $0.3375 per share, in the third quarter of 2012.
Best Building Product Companies To Buy For 2015: Edp Energias de Portugal SA (EDPFY.PK)
EDP Energias de Portugal SA (EDP), incorporated in 1976, is a Portugal-based company engaged in the electric energy and gas sectors. The Company develops its activities in the business areas of generation, supply and distribution of electricity and supply and distribution of gas. The Company operates through six business units: Electricity Generation, Renewable Energies, Electricity Distribution, Electricity Supply, Gas and Brazil Operations. EDP is also present in electricity generation, supply and distribution in Brazil, Spain and the United States. In April 2008, the Company acquired EDP Renovaveis through Nuevas Energias de Occidente (NEO). In February 2008, Horizon Wind Energy, LLC, EDP’s 100%-owned subsidiary for United States wind operations, acquired from Hydra Energy, LLC, a portfolio of six early stage projects in an aggregate of 1,050 megawatts of wind capacity, located in the States of Illinois, Indiana and Ohio, the United States.
Electricity Generatio n
In Spain, EDP operates through HC Energia. Cogeneration consists of simultaneous production of power and steam using thermal technology, such as in the form of natural gas turbines. Cogenerators are usually attached to an industrial customer or services, to which they supply the electricity and steam they need. Energy generation includes a centralised energy management platform responsible for actively managing the price and volume risks for the EDP Company’s portfolio in the Iberian Peninsula.
The Company’s electricity from renewable energies is generated by its subsidiary NEO, and in the United States of America by its subsidiary Horizon Wind Energy. In July 2007, EDP acquired 100% interest in Horizon, a developer, owner and operator of wind power generation in the United States, from the Goldman Sachs Group, Inc. In September 2007, Horizon owned 941 gross megawatt of operating wind projects and has 615 megawa tt of projects under construction, for expected operational ! capacity of 1.556 gross megawatts (1.324 net megawatts).
EDP develops the regulated electricity distribution activity in mainland Portugal and in Spain in the Asturias region and to a lower extent in Madrid, Valencia and Alicante. Electricity distribution activity is a regulated activity that consists in bringing the electricity, through the distribution network, from the transport network substations to the final consumption points. Within the scope of this activity, EDP builds, operates and maintains the distribution network and other installments aimed at electricity distribution, granting service quality and direct and customized assistance.
EDP Distribuicao Energia, S.A. is EDP’s company operating in the regulated distribution and supply businesses in Portugal. EDP’s distribution activity is regulated by energy service regulator (ERSE), which defines the tariffs, parameters and prices for electricity a nd other services in Portugal, controlling and assuring the levels of quality and service demanded by the Direccao Geral de Geologia e Energia (DGGE). EDP Distribuicao is holder of an open-ended binding license for the business of distribution of medium- and high-voltage electricity in mainland Portugal. It is also the concessionaire for almost all the low-voltage distribution network, in accordance with concession contracts with the municipalities. HC Energia operates in the regulated electricity distribution and supply business, with its natural market being the region of Asturias. HC Energia’s network covers the Asturias, Valencia, Madrid and Alicante regions.
EDP’s electricity supply offers the services, such as maintenance and assistance services, services aimed at electricity quality, specialized technical services and energy efficiency services. EDP operates in Portugal through EDP Comercial, while in Spain, its electric ity supply service is obtained from HC Energia or Naturgas, ! which off! ers its customers an integrated portfolio of gas and electricity products.
EDP has a presence in the gas sector in the Iberian Peninsula, through Naturgas in Spain, and through EDP Gas in Portugal. Naturgas market is the Basque Country, and Asturias, and it operates in the Spanish gas sector by providing services, such as transport, distribution and supply of gas; supply of gas in the liberalized market, and sourcing and trading.
EDP is present in Brazil through Energias do Brasil, a 62.4%-owned subsidiary. Energias do Brasil operates in the electricity generation, distribution and supply businesses.
- [By David Hunkar]
Current Dividend Yield: 6.43%
Company: Edp Energias De Portugal SA (EDPFY.PK)
Current Dividend Yield: 4.68%
Sector: Electric Utilities
Best Building Product Companies To Buy For 2015: Northeast Utilities(NU)
Northeast Utilities, a public utility holding company, provides electric and natural gas energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. The company engages in the purchase, delivery, and sale of electricity; and owns and operates approximately 1,200 megawatts of primarily fossil-fueled electricity generation assets. As of December 31, 2010, it served approximately 1.2 million customers in 149 cities and towns in Connecticut; 497,000 retail customers in 211 cities and towns in New Hampshire; and 206,000 retail customers in 59 cities and towns in western Massachusetts. The company also operates a natural gas distribution system in Connecticut and serves approximately 206,000 customers in 71 cities and towns. It offers gas supply to commercial and industrial customers; and to residential customers for heating, hot water, and cooking needs, as well as provides gas transportation services t o commercial and industrial customers. In addition, the company offers electric transmission services. Northeast Utilities was founded in 1927 and is headquartered in Hartford, Connecticut.
- [By David Dittman]
Northeast Utilities (NU) is New England’s largest utility system, serving more than 1.7 million electricity customers in Connecticut, Massachusetts, and New Hampshire.
- [By David Dittman]
Utilities in regions with better-than-average growth will also do well on this front. Northeast Utilities (NYSE: NU), a recent addition to the UF Portfolio, has significant FERC regulated transmission investments in line that will support dividend growth for years.
- [By David Dittman]
Answer: Growth: Magna International, Ag Growth International Inc (TSX: AFN, OTC: AGGZF), NextEra Energy Inc (NYSE: NEE), Aqua America Inc (NYSE: WTR) and, at these levels, Chevron Corp (NYSE: CVX). I like Verizon too.
Income: Brookfield Renewable Energy, Northeast Utilities (NYSE: NU), Enterprise Products Partners LP (NYSE: EPD), Plains All American Pipeline Partners LP (NYSE: PAA), Pembina Pipeline.
Best Building Product Companies To Buy For 2015: Xoom Corp (XOOM)
Xoom Corporation (Xoom), incorporated on October 10, 2012, is engaged in online international money transfer service. Its customers use Xoom to send money to family and friends in 30 countries. The Company generates revenue from transaction fees charged to customers and from foreign exchange spreads on transactions where the payout currency is other than United States dollars. In February 2014, Xoom Corp acquired BlueKite, LTD, a technology company that develops solutions and applications.
The Company’s solutions are designed to offer customers a convenient, fast and cost-effective way to send money to family and friends at any time, from any Internet-enabled location. The Company’s solutions include Origination, Funding, Disbursement and Transaction Processing.
- [By Jake L’Ecuyer]
Equities Trading UP
Xoom (NASDAQ: XOOM) shares shot up 21.68 percent to $23.97 after the company reported upbeat Q1 results and issued a strong FY14 outlook.
- [By Jake L’Ecuyer]
Equities Trading UP
Xoom (NASDAQ: XOOM) shares shot up 15.58 percent to $22.77 after the company reported upbeat Q1 results and issued a strong FY14 outlook.
Best Building Product Companies To Buy For 2015: Bank Of Montreal (BMO)
Bank of Montreal, together with its subsidiaries, provides a range of retail banking, wealth management, and investment banking products and solutions in North America and internationally. It offers personal banking products and services to consumers and small businesses, including deposit and investment services, mortgages, consumer credit, small business lending, and other banking services; and commercial banking products and services to small business, medium-sized enterprise, and mid-market banking clients comprising lending, deposits, treasury management, and risk management services. The company also offers cards and payments services; investment and wealth advisory services; self-directed investing services; private banking services to high net worth and ultra-high net worth clients; investment fund solutions across a range of channels; pension plans; investment management services; and creditor insurance, and life insurance and annuity products and services. In add ition, it provides capital markets products and services, including equity and debt underwriting, corporate lending and project financing, mergers and acquisitions, restructurings and recapitalizations, balance sheet management, liquidity management, merchant banking, securitization, foreign exchange, derivatives, debt and equity research, and institutional sales and trading to corporate, institutional, and government clients. As of October 31, 2010, Bank of Montreal operated and maintained approximately 1,230 bank branches in Canada and the United States. The company was founded in 1817 and is headquartered in Toronto, Canada.
- [By Ian Wyatt]
Established in 1817, Bank of Montreal (BMO) was Canada’s first bank. Nearly two centuries later, the bank is not only still standing—it’s thriving.
- [By Will Ashworth]
Bank of Montreal (BMO) and National Bank (NTIOF) have already delivered their numbers, and the rest are expected to come tomorrow and Friday. The major Canadian bank stocks are expected to grow earnings between 5% and 7% over last year’s fourth quarter, which is excellent.
Best Building Product Companies To Buy For 2015: Adcorp Holdings Ltd (ADR)
Adcorp Holdings Limited (Adcorp) is an investment holding company. The Company, through its subsidiaries and associates, is engaged in providing, recruitment, human capital management and training services and business process outsourcing. It is organized into three operating divisions: group central costs, traditional resourcing business and new generation business. The group central costs division includes the items of income and expenditure related to Adcorp Holdings Limited, Group marketing, corporate social investment, shared services and the central head office. The traditional resourcing business includes blue-collar flexible resourcing services (including nursing), white-collar flexible-resourcing services, independent contracting and permanent recruitment services. In October 2013, Adcorp Holdings Ltd acquired Labour Solutions Australia. Advisors’ Opinion:
- [By Patricio Kehoe]
In fact, today the company announced that it will be launching a new universal life product for the Canadian market called Manulife UL by May 26 of this year. The new product will offer cost-effective insurance protection, as well as the opportunity for tax-advantaged investing, catering to customer’s demands for a more simplified insurance solution, which should help boost sales to some extent. Although the firm’s balance sheet is highly leveraged, exposing it to possible damages in the case of higher-than-expected policy liabilities, Manulife’s capital position has improved substantially over the past year. With a ratio of regulatory capital to capital required at 248%, the firm possesses excessive capital levels, well above competitors like Prudential Public Limited Company (ADR) (PUK), China Life Insurance Company Ltd. (ADR) (LFC), and Sun Life Financial Inc. (USA) (SLF), which all sport a 200% ratio. Moreover, the company’s excessive capital should allow it to maintain the above average dividend yield of 2.66% offered to shareholders.
- [By Yiannis Mostrous]
Keppel has already secured about 20% of its annual sales target, suggesting that 2014 could be another strong year for the company. Trading at 10.2 times earnings and 1.9 times book value, Keppel’s American depositary receipt (ADR) rates a buy up to US$18.00.
Best Building Product Companies To Buy For 2015: Regulus Therapeutics Inc (RGLS)
Regulus Therapeutics Inc., incorporated on September 5, 2007, is a biopharmaceutical company focused on discovering and developing microRNAs to treat a range of diseases. microRNAs are naturally occurring ribonucleic acid (RNA), molecules that play a critical role in regulating key biological pathways. The Company uses its microRNA product platform to develop chemically modified, single-stranded oligonucleotides that the Company calls anti-miRs. As of December 31, 2012, the Company’s operations included acquiring and in-licensing intellectual property rights, developing its microRNA, undertaking basic research around microRNA targets and conducting preclinical studies for its initial programs.
The Company is developing RG-101 for the treatment of HCV and is advancing other microRNA therapeutics toward clinical development in several areas, including oncology, fibrosis and metabolic diseases. The Company intends to focus its resources on product opportunitie s in therapeutic areas where development and commercialization activities are appropriate for its size and financial resources, which the Company anticipates will include niche indications and orphan diseases.
The Company competes with Groove Biopharma, Inc., miRagen Therapeutics, Inc., Mirna Therapeutics, Inc., and Santaris Pharma A/S.
- [By Sean Williams]
A blast to the past
It’s occasionally very difficult to value biotech stocks, because of the wide range of outcomes possible given their pipelines. Other times, as in the case with Regulus Pharmaceuticals (NASDAQ: RGLS ) , I bang my head against a table and wonder what the heck investors are thinking.
- [By Brian Orelli]
Partners like this investment idea
When Regulus Therapeutics (NASDAQ: RGLS ) went public last year, investors weren’t the only ones buying the share offering; Regulus’ partners and founders clearly thought it was a good investment idea, because they bought more shares. Lots of them. AstraZeneca, Biogen Idec, Sanofi, GlaxoSmithKline and Isis combined to purchase more than 70% of the shares that raised nearly $81 million for the biotech.
- [By Sean Williams]
Regulus Therapeutics (NASDAQ: RGLS )
Since presenting at the Deutsche Bank Healthcare Conference two weeks ago, shares of Regulus Therapeutics have been absolutely on fire. A mixture of ASCO and IPO fever have revived the love for newer issues, and having big name pharmaceutical companies gobbling up a majority of its IPO’d shares certainly helps its cause.
Best Building Product Companies To Buy For 2015: PowerShares DB US Dollar Index Bullish Fund (UUP)
PowerShares DB US Dollar Index Bullish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund’s subsidiary is DB US Dollar Index Bullish Master Fund (the Master Fund), a separate series of DB US Dollar Index Bullish Master Trust (the Master Trust). The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.
The Master Fund invests in futures contracts (the DX Contracts) with a view to tracking the changes, whether positive or negative, in the level of the Deutsche Bank US Dollar Index (USDX) Futures Index – Excess Return (Long Index) (referred to as the Long Index or the Index), over time. The Fund earns interest income from the United States Treasury obligations and other high credit quality short-term, fixed-income securities. The Index is calculated to reflect the changes in market value over time, whether positive or negative, of long positions in DX Contracts. DX Contracts are traded through the currency markets of ICE Futures U.S. under the symbol DX. The changes in market value over time, whether positive or negative, of the DX Contracts are related to the changes, whether positive or negative, in the level of the U.S. Dollar Index (the USDX). The Index provides a general indication of the international value of the United States dollar relative to the six major world currencies (the Index Currencies), which comprise the USDX, including Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
The Fund, through its Master Fund, establishes long positions in DX Contracts with a view to tracking the changes, whether positive or negative, in the level of the Index. The performance of the Fund also is intended to reflect the excess, if any, of its Master Fund’s interest income from its hol! dings of the United States Treasury obligations and other high credit quality short-term, fixed-income securities over the expenses of the Fund and the Master Fund. DB Commodity Services LLC serves as the managing owner, commodity pool operator and commodity trading advisor of the Fund and the Master Fund. DB Commodity Services LLC is an indirect wholly owned subsidiary of Deutsche Bank AG. The Bank of New York Mellon serves as the administrator of the Fund and the Master Fund.
- [By Jon C. Ogg]
6. The U.S. dollar appreciates as U.S. energy and manufacturing trends continue to improve.
ETP Recommendation: PowerShares DB US Dollar Index Bullish (NYSEArca: UUP), tracking the Deutsche Bank Long US Dollar Futures index – aims to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
7. Gold falls for the second year and commodity prices languish – Doll’s view is that all factors point to further pressure on gold.
- [By Matthew McCall]
PowerShares U.S. Dollar Index Bullish ETF (NYSE: UUP)
The tapering should be a bullish move for the greenback as other countries around the world continue to push stimulus and lower the value of their respective currencies. That was not the reaction in UUP after the Fed announced the taper; the ETF, which was quiet, the majority of the day began to fall after the news hit the wire.
- [By Brian O’Connell]
There are seemingly as many currency ETFs as Baskin-Robbins has flavors of ice cream. So, to keep things simple, consider a conventional play: the PowerShares DB US Dollar Index Bullish (UUP), which tracks the performance of the US dollar against key global currencies, like the yen and the pound.
- [By Luke Jacobi]
The US dollar once again tanked on the expectation that the Federal Reserve will not reduce its stimulus. The PowerShares ETF (NYSE: UUP) that tracks the performance of the greenback versus a basket of foreign currencies fell 0.56 percent to 21.35. The marks a year low for the dollar.
Best Building Product Companies To Buy For 2015: Korn/Ferry International (KFY)
Korn/Ferry International, together with its subsidiaries, provides talent management solutions that help clients to design strategies in building and attracting their talent. It operates in three segments: Executive Recruitment, Leadership & Talent Consulting (LTC), and High-Impact Recruitment Solutions. The Executive Recruitment segment focuses on recruiting board-level, chief executive, and other senior executive positions primarily in the consumer, financial services, and industrial, as well as in life sciences/healthcare, and technology industries. The LTC segment provides leadership and talent management solutions to assist clients with their ongoing assessment, organizational design, and leadership development efforts. The High-Impact Recruitment Solutions segment engages in enterprise-wide consulting and recruitment solutions, including recruitment process outsourcing, talent acquisition and management consulting services, project-based recruitment, mid-level recrui tment, and interim professionals. The company serves public and private companies, middle market and emerging growth companies, government agencies, and nonprofit organizations in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America. Korn/Ferry International was founded in 1969 and is headquartered in Los Angeles, California.
- [By Jake L’Ecuyer]
Leading and Lagging Sectors
Industrials stocks gained Friday, with ATA (NASDAQ: ATAI) leading advancers. Meanwhile, gainers in the sector included Plug Power (NASDAQ: PLUG), with shares up 22 percent, and Korn/Ferry International (KFY), with shares up 12 percent. In trading on Friday, basic materials shares were relative laggards, down on the day by about 1.36 percent.
- [By John Kell and Lauren Pollock var popups = dojo.query(“.socialByline .popC”); ]
Korn/Ferry International sa(KFY)id its fiscal third-quarter earnings surged on stronger-than-expected fee revenue and higher operating margins.
Piedmont Natural Gas Co.(PNY) said its fiscal first-quarter profit rose 14% as the natural-gas distributor reported a significant jump in revenue despite higher gas costs.