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Recent Tweets

Kraft Heinz Remains a Riskier Dividend Stock as Turnaround Work Continues

Kraft Heinz (KHC) has roots dating back to 1869, but the company was technically formed in 2015 by the $45 billion merger of Heinz and Kraft that was put together by a partnership of Warren Buffett's Berkshire Hathaway (BRK.B) and Brazilian private equity firm 3G Capital. This created the fifth largest food maker in the [...]

April 19th, 2019|Uncategorized|

T. Rowe Price: A Quality Dividend Aristocrat Facing Growth Uncertainties

Founded in 1937, T. Rowe Price (TROW) is one of the world’s largest investment managers. The company uses fundamental and quantitative analysis to create and manage a wide variety of equity and bond funds, which have historically beaten their indexes and thus attracted consistent inflows of investor capital. The company makes most of its money through [...]

April 19th, 2019|Uncategorized|

ADP: One of the Fastest-Growing Dividend Aristocrats

Automatic Data Processing (ADP) was founded in 1949 and is one of the largest providers of human capital management (HCM) solutions in the world. ADP offers a wide range of cloud-based software solutions and services, which companies use to pay, recruit, staff, manage, and retain employees.Over 40 million people around the globe depend on ADP [...]

April 19th, 2019|Uncategorized|

Reviewing Blackstone’s Corporate Conversion and Dividend Policy

Blackstone (BX) announced it will convert from a publicly traded partnership to a corporation on July 1, 2019. Investors cheered the move, sending shares of BX higher by 7.5%. Let's review Blackstone's rationale for the change and what it could mean for income investors. Blackstone decided to convert from a partnership to a corporation due to tax [...]

April 18th, 2019|Uncategorized|

Qualcomm Settles with Apple, Improving Dividend Safety Outlook

Qualcomm (QCOM) shareholders received good news yesterday: the chip maker and Apple agreed to drop all litigation, sending Qualcomm's stock surging more than 20%. In February 2019 we outlined the significant legal risks Qualcomm's core licensing business faced. I recommend skimming our note for more background on the situation, but essentially Qualcomm was accused by Apple and others of [...]

April 17th, 2019|Uncategorized|

Reviewing Chevron’s Dividend Safety Following $33 Billion Acquisition

Chevron (CVX) shares fell 5% on Friday after management announced a $33 billion deal to buy Anadarko Petroleum (APC).  As a result of this cash-and-stock acquisition, Chevron's debt load will increase and its payout ratio will rise. Let's take a closer look at why the company wants to buy Anadarko and how the transaction affects Chevron's dividend [...]

April 15th, 2019|Uncategorized|

Thoughts on Walgreens’ Sell-Off and Dividend Safety

Last week Walgreens (WBA) shares fell 13% and reached a five-year low after the pharmacy chain reported a big earnings miss and reduced its guidance. WBA's dividend yield also spiked above 3% to its highest level ever. Let's review why the market has turned so bearish on Walgreens to see if the company's dividend remains [...]

April 8th, 2019|Uncategorized|

JPMorgan Chase: A Quality Bank and Dividend Growth Stock

JPMorgan Chase (JPM) is one of the world's oldest banking institutions, tracing its roots back to 1799. Today it's the largest bank in the nation, with over 5,100 branches, 16,000 ATMs, and $2.6 trillion in assets. JPMorgan operates in over 100 markets, although about 80% of its revenues are generated in the U.S. The bank has [...]

April 5th, 2019|Uncategorized|

J. M. Smucker: Uninterrupted Dividends for 25+ Years

Founded by Jerome Monroe Smucker in 1897, J. M. Smucker (SJM) has grown into a leading purveyor of various consumer food products and specialty pet foods that can be found in an estimated 92% of U.S. households. The company's main products are coffee, pet food, pet snacks, peanut butter, fruit spreads, shortening and oils, baking [...]

April 5th, 2019|Uncategorized|

Wells Fargo Continues Working on Turnaround

Wells Fargo (WFC) was founded in 1852 and is the fourth largest bank in the country as measured by assets. The bank ended 2018 with $1.3 trillion in total deposits, and its 90 different business lines collectively generated over $86 billion in revenue from a diversified mix of banking, insurance, investment, mortgage, and consumer and [...]

April 4th, 2019|Uncategorized|

Genuine Parts: 63 Straight Years of Higher Dividends

Founded in 1928, Genuine Parts Company (GPC) is one of the largest replacement part makers in the automotive, industrial, office equipment, and electronics industries. The company markets its products in the U.S., Canada, Australia, New Zealand, and Mexico through a large network including over 100 North American auto and industrial distribution centers and over 6,700 [...]

March 29th, 2019|Uncategorized|

McDonald’s: A Quality Dividend Aristocrat

Founded in 1940, McDonald's (MCD) is the world's largest quick-serve restaurant chain, with about 37,000 locations in more than 100 countries. Approximately 93% of its locations are franchised, meaning the stores are owned and operated by independent business owners. The company's goal is to eventually have 95% of its stores franchised. Under a typical franchise [...]

March 29th, 2019|Uncategorized|

Hormel Foods: Uninterrupted Dividends Since 1928

Hormel Foods (HRL) was founded in 1891 and has proven to be one of the most resilient food providers in the world. The company’s brands include Skippy peanut butter, SPAM meat, Dinty Moore stew, Wholly Guacamole dips, Jennie-O turkey, and numerous Hormel-branded meat products. Perishable products (fresh meats, frozen items, refrigerated meals) account for 56% [...]

March 29th, 2019|Uncategorized|

Is VEREIT’s Dividend Safe?

VEREIT (VER) offers a high dividend yield near 6.5%, making the REIT potentially attractive for many income investors. However, with VEREIT's dividend frozen since 2015 and its adjusted funds from operations (AFFO) per share expected to decline for a fifth straight year in 2019, how safe is VEREIT's dividend? Let's take a closer look at [...]

March 29th, 2019|Uncategorized|

Is Tanger’s Dividend Safe?

Tanger Factory Outlet Centers' (SKT) dividend yield has soared from 4% in early 2017 to 7% today. Despite the REIT's track record of increasing its dividend each year since becoming a public company in May 1993, some income investors are worried about the payout's safety. Let's take a closer look at Tanger's recent struggles and assess [...]

March 22nd, 2019|Uncategorized|