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Showing posts with label Retirement funding. Show all posts
Showing posts with label Retirement funding. Show all posts
EPD and PNC were among the notable dividend stocks raising their payouts
The S&P 500 Index pulled back this week as investors were spooked by a rise in global sovereign bond yields and the potential for tighter monetary stimulus going forward. Despite the volatility and potential for higher interest rates, a number of companies demonstrated confidence in their operations by announcing fresh dividend increases.
Six notable dividend stocks increased their payouts over the previous week, including two banks, three energy companies and an industrial distributor.
Enterprise Products Partners L.P. (NYSE:EPD) announced a 1.2% increase to its quarterly dividend, raising it from 41.5 cents per share to 42 cents. Dividends will be paid from the provider of midstream energy services on Aug. 7 to shareholders of record as of July 31. PNC shares become ex-dividend on July 27. EPD Dividend Yield: 6.27%
PNC Financial Services Group Inc (NYSE:PNC) raised its quarterly dividend by 36%, increasing it from 55 cents per share to 75 cents. The diversified financial services company will pay its higher dividend to shareholders of record as of July 17 on Aug. 7. PNC shares will trade ex-dividend on July 13. PNC Dividend Yield: 2.38%
Watsco Inc (NYSE:WSO) increased its quarterly dividend by 19%, raising its payment to $1.25 per share from $1.05. Shareholders of record as of July 17 will receive dividends from the distributor of heating and cooling equipment on July 31. The company’s shares will go ex-dividend on July 13. WSO Dividend Yield: 3.22%
Bank Of The Ozarks Inc (NASDAQ:OZRK) grew its quarterly dividend from 17.5 cents per share to 18 cents, representing a raise of 3%. The retail and commercial banking company will pay out its higher dividends to shareholders of record as of July 14 on July 21. OZRK shares trade ex-dividend on July 12. OZRK Dividend Yield: 1.51%
Tallgrass Energy Partners LP (NYSE:TEP) moved its quarterly dividend higher by 11%, increasing it by from 83.5 cents per share to 92.5 cents. The operator of midstream energy assets will pay its higher dividend to shareholders of record as of July 28 on Aug. 14. TEP shares are expected to trade ex-dividend on July 26. TEP Dividend Yield: 7.35%
Tallgrass Energy GP LP (NYSE:TEGP) increased its quarterly dividend by 19%, raising its payment to 34.25 cents per share from 28.75 cents. Shareholders of record as of July 28 will receive their higher dividends on Aug. 14 from the owner of crude oil and natural gas transportation and logistics assets. TEGP shares will be ex-dividend on July 26. TEGP Dividend Yield: 5.50%
These long-term benefits should not be taken for granted
If you’re an individual investor, you have a lot to be thankful for.
The recent U.S. market rally is plenty of reason to feel good as the calendar hits the holidays, but that’s a bit like feeling thankful on Thanksgiving because there’s a good football game on television. Yes, you may be happy to watch it, but the greater joy — and reason to give thanks — is that you can share the experience with family and friends.
The things investors should be grateful for are less tied to short-term results and more to how they can succeed in all conditions over time. They are like the side dishes on a Thanksgiving table: they can be shared and passed around and there’s enough for everyone. Moreover, like holiday traditions, they are there every year, in all conditions.
Thousands leave post-it notes on NYC subway wall
Since Election Day, more than 10,000 positive post-it messages have been left on a wall in a New York City subway station by people from around the world.
Savers and investors alike can be thankful for:
Compounding: Just as parents spend every holiday thankful for the blessings of their children, so should investors be grateful for the undeniable power of compounding.
Compounding is the ability to generate earnings from previous earnings. It’s how a $2,000 Roth IRA deposit made by a 25-year-old and growing at 6% annually turns into more than $20,000 by the time that youngster reaches retirement age. It’s how small amounts of money become large amounts, given enough time, and it’s free, just for setting money aside and letting it work.
Employer matches on retirement savings: Anyone who has an employer that matches your savings — and sadly, too many workers do not — should be grateful to have been given a real leg up on generating a significant portfolio that beats the market.
Think of every matching dollar as a real return; if your employer matches dollar-for-dollar, it’s an instant 100% gain on everything you set aside. That’s a huge head start on solid investment performance, because the market would have to crater for you to come away with fewer dollars than you put into the program.
The market doesn’t give us guaranteed returns; an employer match is a guarantee. Whether your employer gives a small match or a full one, you should be thankful for — and take advantage of — what you’re getting, because it’s the best deal out there.
Index funds: You don’t have to like or use index funds to be thankful for them, because the ability to buy shares in, for example, the 500 stocks in the SPDR S&P 500 exchange-traded fund SPY, +0.05% at an annual cost that is fractions of pennies on the dollar has forced all money managers to be cost-conscious, and to prove that their methods might be a superior choice. Everyone pays less for investment management simply because no one is willing to pay any amount that is ridiculously higher than what it costs to buy the index.
Moreover, index funds have allowed shareholders to capture the market’s return over time. That has been a particularly good investment over the last seven-plus years, and has helped investors create financial plans they can stick to when times look turbulent. That’s easy to overlook in the long-running bull market, but it is something most people will be thankful for whenever the market turns.
Low trading costs: Some industry critics worry that low-cost trading encourages average investors to make more moves — increasing the chances of short-circuiting their portfolios. In truth, reasonable transaction costs allow investors to manage their holdings better.
There may not be reason to be thankful for each trade, but be grateful that the days of getting soaked for making a trade — good or bad — are gone and that you can make the moves you believe are smart and savvy at a reasonable price.
Social Security: There’s no denying the flaws and problems in the system; it’s current status lies somewhere between badly injured and completely broken. But talk to any retiree who lived through the financial crisis of 2008 and you’ll understand why you should be thankful for a safety net that will provide a backstop when the market tanks again.
Social Security is not meant to be your sole support in retirement, or even a huge part of your income once you stop working, but it’s a nice salve for the financial mistakes most savers and investors make throughout their lifetime. For as much as we can grumble about the politics of it, the cushion it creates remains worthy of appreciation.
Health insurance: We can politicize the subject after the holiday, but if you have health-care protection and if it has done its job this year — giving you benefits and coverage you needed to stay healthy — it’s a blessing.
The nation has a health-insurance crisis that will not be easily solved. You may not like the coverage you can afford or the benefits it provides. You may not like paying for it if your health is perfect. And you may not like the overall health-care system that makes medical costs so outrageous.
But appreciate the positive outcomes, if you have been fortunate enough to have them. Talk to people with real medical issues but little or no coverage, or families that have been through medically induced bankruptcy, and you will be grateful for what you’ve got, even if you know there could be something better out there.
All the things money can’t buy: No matter how your portfolio does, it’s important to remember that the best things in life are free. Holidays and spending time with family tends to prove that to us, but it’s something we should be thankful for every day, no matter what the market is doing.
Here are six dividend stocks increasing payouts.
