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These are our most recent articles. Also see which stocks have been this week’s best and worst performers.
General Electric: Another Dividend Cut Expected in 12 to 18 Months
General Electric (GE) announced a slew of major strategic initiatives today that will ultimately result in another dividend cut within 12 to 18 months. I estimate the dividend could be reduced by as much as 35%. Specifically, the company decided to spin-off its healthcare segment (23% of profits in 2017) and divest its ownership stake in energy company Baker Hughes (BHGE). The healthcare spinoff is expected to happen within the next 12 to 18 months, while the separation from Baker Hughes will take closer to 2 to 3 years. Source: GE Investor Presentation The remaining GE will consist of its Aviation, Power, and Renewable Energy businesses, along with GE Capital. The Wall Street Journal provided a helpful graphic [...]
Starbucks (SBUX)
Shares of Starbucks (SBUX) dropped 9% today as investors digested the company’s disappointing update about its expected growth this quarter. Specifically, management now expects just 1% growth in global same-store sales (locations open at least a year) in the current quarter, below prior expectations for 3% growth. Additionally, Starbucks announced plans to “optimize” its U.S. store portfolio at an accelerated pace in its 2019 fiscal year. Management plans to close about 150 underperforming stores, which is up from a historical average of around 50 annually. While 150 store closures represents only around 1% of the company’s total U.S. locations, it sends a signal that America’s coffeehouse market could be more saturated than investors previously believed. Perhaps increasing [...]
Big news: An all-new Simply Safe Dividends available today!
Have you ever wanted to receive email alerts when your holdings change their dividends, see a company's dividend yield history, track mutual funds in your portfolio, export your portfolio to a spreadsheet, or have table headers lock at the top of your screen? We've spent the last 18 months building, testing, and improving an all-new version of Simply Safe Dividends that makes all of those things possible and much more. Today you can begin using it! But first, this is not an upsell announcement or anything like that. Upgrading to the new site is completely free, and there is no obligation to switch. We will continue maintaining the original site you've been using in case you do not [...]
Thoughts on PPL’s Recent Underperformance
Regulated utilities are often a core component of a conservative income portfolio thanks to their predictable earnings, generous dividends, and defensive profile. However, PPL (PPL) has been anything but defensive lately. The stock has lost 26% over the past year, including dividends. While rising interest rates have weighed on the performance high-yielding, slow-growing companies, the broader utilities sector (XLU) is down just 5% during this time. Meanwhile, the S&P 500 Index (SPY) has returned 16%, outperforming PPL by an astounding 42%. Simply put, PPL has continued to be a big disappointment. The one thing PPL has going for it is that management has maintained and even increased its dividend during this period. When combined with its plunging [...]