I read your column about giving your IRA’s required minimum distribution to charity, and I have a few follow-up questions. How do I report the distribution on my 1040? Will I get a 1099-R showing that it wasnt taxable? Also, can I give the RMD from my 401(k) to charity?
See Also: 10 Things Boomers Must Know About RMDs from IRAs
If you are 70陆 or older, you can transfer up to $100,000 from your IRA to charity tax-free, which counts as your required minimum distribution but isn’t added to your adjusted gross income. You cannot make a tax-free transfer from your 401(k) to charity, but you can roll over money from your 401(k) to an IRA and then transfer the RMD to charity. (If you’re 70陆 or older, you’ll have to take your RMD from your 401(k) before you can roll over the balance.)
Best Transportation Companies To Watch In Right Now: Diana Shipping inc.(DSX)
Diana Shipping Inc. provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes through its ownership of dry bulk vessels worldwide. As of May 11, 2016, it operated a fleet of 46 dry bulk vessels comprising 2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax, and 23 Panamax vessels. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping Inc. was founded in 1999 and is based in Athens, Greece.
- [By Nickey Friedman]
Diana Shipping (NYSE: DSX ) is pure investment in dry shipping. The company transports dry bulk cargoes worldwide, including commodities such as iron ore, coal, grain, and other materials. Analysts have yet to respond to the rate increases, but no doubt more of them will be raising their 2014 EPS estimates shortly. Diana Shipping trades around 20% below book value now; back in its heyday, it traded north of $40 per share.
Best Transportation Companies To Watch In Right Now: J.B. Hunt Transport Services Inc.(JBHT)
J.B. Hunt Transport Services, Inc., together with its subsidiaries, operates as a surface transportation, delivery, and logistics company in North America. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Full-Load Dry-Van (JBT), and Integrated Capacity Solutions (ICS). The JBI segment provides intermodal freight solutions, including origin and destination pickup and delivery services in the continental United States, Canada, and Mexico. This segment operates 45,666 pieces of company-controlled trailing equipment; and manages a fleet of 2,592 company-owned tractors. The DCS segment involves in the design, development, and execution of supply chain solutions, which support various transportation networks. This segment offers final mile delivery, replenishment, and specialized services supporting private fleet conversion, fleet creation, and transportation system augmentation. As of December 31, 2010, it operated 4,259 company-owned trucks, 357 customer-owned trucks, and 23 independent contractor trucks. The JBT segment provides full-load, dry-van freight services by utilizing tractors operating over roads and highways. It operated 1,697 company-owned tractors. The ICS segment provides non-asset, asset-light, and transportation logistics solutions. It offers flatbed, refrigerated, expedited, and less-than-truckload, as well as various dry-van and intermodal solutions. The company transports a range of freight, including general merchandise, specialty consumer items, appliances, forest and paper products, building materials, soaps and cosmetics, automotive parts, electronics, and chemicals. J.B. Hunt Transport Services, Inc. was founded in 1961 and is headquartered in Lowell, Arkansas.
- [By Lisa Levin]
Here is the list of stocks going ex-dividend on August 3, 2016.
J B Hunt Transport Services Inc (NASDAQ: JBHT) – $0.2200 dividend, 1.0791 percent yield Johnson Controls Inc (NYSE: JCI) – $0.2900 dividend, 2.6250 percent yield FirstEnergy Corp. (NYSE: FE) – $0.3600 dividend, 3.9680 percent yield Sunoco LP (NYSE: SUN) – $0.8255 dividend, 10.7347 percent yield Wells Fargo & Co (NYSE: WFC) – $0.3800 dividend, 3.1588 percent yield BP plc (ADR) (NYSE: BP) – $0.6000 dividend, 6.8768 percent yield American Airlines Group Inc (NASDAQ: AAL) – $0.1000 dividend, 1.1442 percent yield Heidrick & Struggles International, Inc. (NASDAQ: HSII) – $0.1300 dividend, 2.9834 percent yield Alcoa Inc (NYSE: AA) – $0.0300 dividend, 1.1321 percent yield Sensient Technologies Corporation (NYSE: SXT) – $0.2700 dividend, 1.5341 percent yield
Posted-In: Ex-DividendNews Dividends Markets Trading Ideas
Top Regional Bank Stocks To Buy For 2016: United Parcel Service Inc.(UPS)
United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment engages in the time-definite delivery of letters, documents, and packages in the United States. The International Package segment offers air and ground delivery of small packages and letters to approximately 220 countries and territories, including shipments outside the United States, as well as shipments with either origin or distribution outside the United States; export services; and domestic services move shipments within a country?s borders. The Supply Chain & Freight segment provides forwarding and logistics services, such as supply chain design and management, freight distribution, customs brokerage, mail, and consulting services in approximately 195 countries and territorie s; and less-than-truckload and truckload services to customers in North America. In addition, the company offers various technology solutions for automated shipping, visibility, and billing; information technology systems and distribution facilities to various industries comprising healthcare, technology, and consumer/retail; and a portfolio of financial services that provides customers with short-term working capital, government guaranteed lending, global trade financing, credit cards, and export financing. It operates a fleet of approximately 99,800 package cars, vans, tractors, and motorcycles; an air fleet of 527 aircraft; and 33,800 containers used to transport cargo in its aircraft. The company was founded in 1907 and is headquartered in Atlanta, Georgia.
- [By Ben Levisohn]
Retain Peer Perform.FedEx is trading at 12.5x forward P/E on our EPS, below its 10-year avg. of 15x and United Parcel Service (UPS) currently at 17x. So valuation is clearly attractive. However, we see EPS risk in F17 and few near-term catalysts outside of an improving macro environment. Our visibility to a rebound in Ground margins also remains low. Accordingly, we remain on the sidelines with a Peer Perform rating. Longer term, we see potential tailwinds in F18 from ramping TNT accretion and share gains ahead of UPSs Teamster labor negotiations.
- [By Ben Levisohn]
Shares of UPS (UPS) haven’t responded favorably to its earnings release–but at least one set of analysts sees UPS making life tough for FedEx (FDX) in the future.
UPS reported a profit of $1.43 a share, meeting analyst forecasts, on sales of 14.629 billion. Cowen’s Helane Becker and team reiterate their Market Perform rating but see opportunities for UPS to make life difficult for FedEx:
We are reiterating our Market Perform rating and maintaining our $110 price target on the common shares of UPS. Our price target is based on 10.4x our 2016E EV/EBITDA (or 19.0x 2016E EPS). UPS will need to continue to invest in their European operations as competition will become fierce following FedEx’s acquisition of TNT. UPS management will also try to continue to lower their costs to serve the B2C market. B2C currently accounts for 45% of UPS’ package deliveries, and growth is 5x the B2B growth rate. This growth rate will increase the importance of consumer deliveries on overall results.
UPS Increasing its European Capabilities to Stay Ahead of Competition: UPS continues to see strength in its International Package business as they have already built a large and profitable European delivery network. The strong dollar is helping to increase exports to the United States. UPS believes they are 25% of the way through the projects associated with their $2Bn capital investment plan to enhance their European operations. This plan automates facilities in Europe and increases capacity and speed throughout the network. Management believes this network has allowed them to outperform other competitors in the market. We believe these investments will help them maintain market share following the FedEx acquisition of TNT. FedEx is also intending to invest heavily in their TNT network to increase their service capabilities. We believe UPS is correctly investing in their European network to continue to stay ahead of their
- [By Reuters]
Wendy Maeda/The Boston Globe via Getty Images NEW YORK — Walgreen is moving 120,000 employees to a private health insurance exchange from coverage provided directly from carriers, the company will announce Wednesday. The pharmacy chain will join 17 other large employers on the Aon Hewitt Corporate Health Exchange as part of a growing movement to offer employees fixed dollar amounts to purchase their own plans on such exchanges. The end-cost to employees depends on the plan chosen, but they typically get more options than under traditional arrangements. Private exchanges mimic the coverage mandated as part of the Affordable Care Act. Enrollment in the public exchanges starts Oct. 1. “What happens to employer contributions over time? Will they put in as much as they put in the past? These are unanswered questions but potential negatives,” says Paul Fronstin, a senior research associate with the Employee Benefit Research Institute. The benefit to Walgreen and other employers is unknown at this point, as their cost-savings aren’t clear. Of the 180,000 Walgreen (WAG) employees eligible for health care insurance, 120,000 opted for coverage for themselves and 40,000 family members. Another 60,000 employees, many of them working part-time, weren’t eligible for health insurance. Aon Hewitt (AON) says other participants in its program include retailer Sears Holding (SHLD) and Darden Restaurants (DRI). These new additions raise enrollment to 330,000 from 100,000 last year, and Aon Hewitt estimates enrollment will jump to 600,000 next year, a fivefold increase from 2012. By 2017, nearly 20 percent of employees nationwide could get their health insurance through a private exchange, according to Accenture Research (ACN). A recent report by the National Business Group on Health said that 30 percent of large employers are considering moving active employees to exchanges by 2015. Other major providers of private exchanges include Mercer, a division of Marsh & Mc
Best Transportation Companies To Watch In Right Now: Werner Enterprises, Inc.(WERN)
Werner Enterprises, Inc., incorporated on September 14, 1982, is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS). The Company also provides logistics services through its VAS division. The Company has a fleet of approximately 7,450 trucks, of which over 6,640 are Company-operated and over 810 are owned and operated by independent contractors. Its VAS division operates over 60 additional intermodal drayage trucks.
Truckload Transportation Services
Truckload segment comprises the One-Way Truckload and Specialized Services units. Its One-Way Truckload unit’s operating fleet includes the regional short-haul (Regional) fleet, which transports a variety of consumer non-durable products and other commodities in truckload quantities within geographic regions across the United States using dry van trailers; the medium-to-long-haul van (Van) fleet, which provides comparable truckload van service over irregular routes, and the expedited (Expedited) fleet, which provides time-sensitive truckload services utilizing driver teams. Its Specialized Services unit provides truckload services for a retail distribution center or manufacturing facility, including services for products requiring specialized trailers, such as flatbed or temperature-controlled trailers.
The Company’s Truckload fleets operate across over 40 contiguous United States’ states pursuant to operating authority, both common and contract, granted by the United States Department of Transportation (DOT) and pursuant to intrastate authority granted by various United States’ states. It also operates in several provinces of Canada and provides through-trailer service into and out of Mexico. The principal types of freight it t ransports include retail store merchandise, consumer product! s, grocery products and manufactured products.
The Company’s VAS segment is a non-asset-based transportation and logistics provider. VAS comprises operating units that provide non-trucking services to its customers, which include truck brokerage (Brokerage) that uses contracted carriers to complete customer shipments; freight management (Freight Management), which offers a range of single-source logistics management services and solutions; the intermodal (Intermodal) unit, which offers rail transportation through alliances with rail and drayage providers as an alternative to truck transportation, and Werner Global Logistics international (WGL), which provides complete management of global shipments from origin to destination using a combination of air, ocean, truck and rail transportation modes. Its Brokerage unit has transportation services contracts with approximately 12,920 carriers.
- [By Monica Gerson]
Werner Enterprises (NASDAQ: WERN) shares dropped 4.83% to $23.23 in pre-market trading after the company issued a weak third-quarter profit forecast.
- [By Jake L’Ecuyer]
Equities Trading DOWN
Shares of Outerwall (NASDAQ: OUTR) were down 16.03 percent to $47.00 after the company lowered its forecast for the third quarter and full year. Werner Enterprises (NASDAQ: WERN) shares tumbled 4.71 percent to $23.26 after the company issued a weak third-quarter profit forecast. Bank of America downgraded the stock from Buy to Neutral. Pandora Media (NYSE: P) down, falling 1.71 percent to $23.58 as the company announced its plans to sell 14 million shares of common stock, including 4 million shares from current stockholders.
- [By Monica Gerson]
Werner Enterprises (NASDAQ: WERN) issued a weak third-quarter profit forecast. Werner shares dropped 2.09% to $23.90 in the after-hours trading session.