News
U.S. Weekly Jobless Claims Climb to 266,000
While markets are anticipating a solid gross domestic product (GDP) report for the second quarter on Friday, weekly jobless claims quietly ticked up. On Thursday, July 28, the U.S. Department of Labor released its weekly report on unemployment insurance claims..
Vanguard Closes Dividend Fund to New Investors
Dividend Growth Fund Swells to $30 billion New York, NY — The Vanguard Group said on Thursday it is closing its $30.0-billion dividend growth fund to new investors as a protective measure. “Vanguard is proactively taking steps to slow strong.
CBS Corp. Announces 20% Dividend Hike, $6 Billion Buyback
Board Approves $6 Billion Buyback New York, NY — CBS Corporation (NYSE:CBS) said it will raise its quarterly dividend by 20% and boost its stock buyback. The company said it would increase its dividend to $0.18 from $0.15 per share..
U.S. Durable Goods Orders Plunged in June
While the U.S. stock market is surging past its all-time highs, one economic indicator is saying that the underlying economy might not be as strong as investors think. On Wednesday, July 27, the U.S. Department of Commerce released the latest.
Potash Corp Slashes Dividend 60%
Weak Demand Hits Fertilizer Maker New York, NY — Potash Corporation of Saskatchewan Inc (TSE:POT) slashed its dividend by 60% to $0.60 a share as the fertilizer maker continues to struggle with weak demand. The Saskatoon-based company reduced its 2016.
Marathon Petroleum Boosts Dividend
Increase Comes Amid Declining Profit New York, NY — Marathon Petroleum Corp (NYSE:MPC) said it will raise its quarterly dividend by 12.5% to $0.36 a share from $0.32 a share. “This increase in our dividend represents a compound annual growth.
Torstar Cuts Annual Dividend to CA$0.10
Toronto Publisher Struggles to Reduce Losses New York, NY — Torstar Corporation (TSE:TS.B), the Toronto Star’s parent company, said it plans to lower the dividend to CA$0.10 per share annually beginning in the third quarter after it reported an adjusted.
Masco Corp Raises Dividend 5.3%
A manufacturer of home improvement products doesn’t sound that exciting, but when it announces an intention to increase dividends, it deserves some attention from income investors. On Tuesday, Masco Corp (NYSE:MAS) announced intent to increase its annual dividend to $0.40.
Federal Reserve Leaves Rates Unchanged
Risks to Economy Diminished New York, NY — The Federal Reserve said today that the “near-term risks to the economic outlook have diminished,” upgrading its assessment of the U.S. economy and signaling that it may resume its interest rate increases.
The Carlyle Group LP Cuts Quarterly Payout
Private Equity Firm Faces Slowdown New York, NY — The Carlyle Group LP (NASDAQ:CG) reduced its quarterly dividend to $0.63 per unit in the second-quarter from $0.89 per unit after profits declined as its buyout funds’ growth slowed and its.
