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Realty Income Completes Office Properties Spinoff; Dividend Remains Safe

This week, Realty Income completed the spin-off of substantially all of its office properties into the newly created Orion Office REIT (ONL), as announced earlier this year.Realty Income stockholders received one share of the Orion Office REIT for every ten shares of Realty Income stock held, with cash received in lieu of any fractional shares.The [...]

November 17th, 2021|Uncategorized|

Compass Minerals Cuts Dividend by 79% to Focus on Growth

Yesterday, Compass Minerals surprised investors by cutting its dividend by nearly 80%. This drastic cut is part of a new direction in the company's capital allocation strategy to focus more on growing the business. This strategy shift is primarily driven by the firm's discovery of a significant and sustainable lithium resource identified at its solar [...]

November 16th, 2021|Uncategorized|

Johnson & Johnson’s Separation of Consumer Health Business Unlikely to Affect Dividend

Johnson & Johnson announced this morning its intention to separate its consumer health division, which accounts for roughly 16% of sales and includes iconic consumer brands like Band-Aid, Tylenol, and Listerine.The decision to break up the world's largest pharmaceutical conglomerate is rooted in the belief that its business units will have more significant growth opportunities [...]

November 12th, 2021|Uncategorized|

IBM Completes Spinoff of IT Services Business; Dividend Expected to Be Maintained

Earlier this week IBM completed the spinoff of its infrastructure services business, which was named Kyndryl and began trading on Thursday under the ticker symbol KD. IBM investors received 1 KD share for every 5 IBM shares held. Kyndryl shares are not worth much compared to IBM, representing less than 5% of the two firms' [...]

November 5th, 2021|Uncategorized|