Shares of 3M (MMM) have slumped 20% since April 24th, falling to their lowest level since early 2017. The stock's dividend yield now sits at 3.3%, a level not seen other than in 1995 and during the financial crisis. Investors aren't giving 3M much credit for its long-term track record of creating meaningful shareholder value [...]
PetMed Express (PETS) reported disappointing earnings on May 6, causing the firm's Dividend Safety Score to fall from our lowest "Borderline Safe" rating into the "Unsafe" bucket. A low score does not necessarily mean a dividend cut is imminent. However, these companies have higher risk of reducing their payouts in the future and often depend on favorable [...]
Last week Annaly Capital Management (NLY) announced plans to cut its dividend by 17%, beginning with its second-quarter payout. The timing of this announcement likely came as a surprise to some income investors. After all, Annaly's earnings about matched its dividend payment in recent quarters, the firm's portfolio was growing at a double-digit pace, shares traded at [...]
Despite raising its 2019 guidance last week, shares of biotech giant AbbVie (ABBV) remain mired in a bear market and sit almost 40% below their all-time high set back in early 2018. The stock's 5.4% dividend yield is also at an all-time high, causing some investors to worry that AbbVie's dividend might no longer be safe. Let's review [...]
Founded in 1951, Iron Mountain (IRM) is one of the oldest REITs in America, though it didn’t officially convert to a REIT structure until 2014. While the company initially started off as a paper document storage facility for New York City-based corporations, Iron Mountain has since expanded to become one of the largest data storage [...]
Clorox (CLX) started in 1913 when five businessmen invested $100 each to start manufacturing and selling one product, Clorox bleach. Impressively, the company remained a one-product business for its first 56 years. Today, Clorox has over 8,500 employees, sells its products in more than 100 countries, and generates over $6 billion in annual sales. The [...]
Founded in 1806 by William Colgate as a starch, soap, and candle business, Colgate-Palmolive (CL) has grown into one of the world’s largest consumer products conglomerates today.The company’s 34,500 global employees sell its world-famous brands (such as Colgate, Palmolive, Protex, Speed Stick, Ajax, Irish Spring, Sanex, Hill’s, and Softsoap) in more than 200 countries through [...]