News
Bank of Canada Locks Interest Rate at 0.5%
BoC Maintains Interest Rates As a struggling oil sector continues to weigh down Canada’s economy, the Bank of Canada (BoC) has surprisingly elected to do…nothing. The BoC kept interest rates unchanged, locking them in at a prime rate of 0.5%..
CIBC Beats Earnings Estimates and Hikes Dividend
As oil and gas companies took a huge hit, you’d expect that banks with exposure to the energy industry would also suffer. But that’s not the case for Canadian Imperial Bank of Commerce (NYSE:CM, TSE:CM). On Thursday, May 26, CIBC.
Tiffany & Co. Hikes Dividend Despite Earnings Drop
Tiffany & Co. (NYSE:TIF) had a lackluster quarter, but that did not prevent it from raising its dividend again. On May 26, Tiffany announced a 12.5% increase in its quarterly dividend to $0.45 per share. The company now has an.
Bank of Montreal Reports Earnings and Raises Dividend
Skeptics have long feared a slowing Canadian economy would crimp profits at Bank of Montreal (NYSE:BMO, TSE:BMO), but the country’s fourth-largest financial institution by assets once again proved the doubters wrong. On May 25, BMO reported financial results for the.
W. R. Berkeley Corp Announces 8% Dividend Hike
Insurance companies aren’t known as the sexiest names on Wall Street, but shareholders of W. R. Berkley Corp (NYSE:WRB) don’t seem to be complaining. On Wednesday, May 25, the commercial and property insurer announced an eight percent increase in its.
Kellogg Company Will Raise Its Dividend 4% Next Quarter
Kellogg’s Pays 365 Consecutive Quarterly Dividends Kellogg Company (NYSE:K) said that it wants to raise its dividend by four percent starting from the third quarter of 2016. The cereal producer will pay a dividend of $0.50 per share on June.
UK Mail Turnaround Slower Than Expected, Cuts Dividend
UK Mail Group PLC (LON:UKM) continues to suffer from an earnings malaise. Now, investors are paying the price. On Tuesday, the postal and logistics operator announced a dividend cut to shareholders. According to the company’s press release, UK Mail’s final.
In These Three States, Seniors Have Enough Income for a Comfortable Retirement
How much retirement income do you reckon is needed for a comfortable retirement? Well, if you ask financial advisors, they’ll tell you that you’ll need at least 70% of your annual income before you retire. Unfortunately, a recent study suggests.
Two-Thirds of Americans Would Struggle to Cover $1,000 Emergency
If you think that Americans have more savings under the mattress now, think again. Results from a recent poll suggest that two-thirds of Americans would have trouble coming up with the money to cover a $1,000 emergency. Today, the Associated.
KeyCorp Increases Dividend by 13%
Bank stocks are having some solid gains recently as the U.S. Federal Reserve makes a June interest rate increase look like a real possibility. KeyCorp (NYSE:KEY), which operates through its subsidiary KeyBank National Association, just announced another catalyst, though—a dividend.
