Dividends
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Dividends and Poker
When playing poker you receive rakeback from the poker
rooms. Meaning part of the poker room earnings go back to the players. Rakeback is a dividend from the poker room to the
player as a loyalty bonus for playing with them.
Disappearing Dividends At America's Best-Known Companies II (GE, PNC, IP, TXT, JPM)
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Back in mid-February we discussed the latest trend of big-name companies slashing their dividends and how the trend will likely grow. Well it is growing, and fast.
In this horrible market, dividends have been one of the few saviors for investors, but increasingly shareholders can no longer count on the payouts from many well-known corporate leaders.
On Friday, GE (NYSE: GE) cut it dividend 68% from $0.31 to $0.10. Today, PNC Financial Services Group, Inc. (NYSE: PNC) cut its dividend 85% from $.66 to $.10 per share. Also today, International Paper (NYSE: IP) cut its dividend 90% from $0.25 to $0.025.
Other recent big-name dividend cuts came from Textron Inc. (NYSE: TXT) with a 91% cut and JPMorgan Chase (NYSE: JPM) with an 87% cut.
Some big-name dividends that still appear at risk include Whirlpool Corp. (NYSE: WHR), Caterpillar Inc. (NYSE: CAT), Capital One (NYSE: COF), Wells Fargo & Company (NYSE: WFC), US Bancorp (NYSE: USB) and Alcoa (NYSE: AA).
On the other side of the dividend cuts, Kimberly-Clark Corporation (NYSE: KMB) was a bright spot with a recent 3.4% dividend increase.
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Comments
dividends
So what's the point in bothering to invest anymore? These companies are cutting their own throats. And GE chairman Immelt ought to be investigated. Trying to prop up his stock by essentially lying a month ago that the dividends would not be cut. Who is he kidding? GE is not in desperate financial straits like GM. They are still making money. So when the company shows a profit this later this year... on the backs of its investors who lost their dividend money... this bum is going to take a "bonus." Absolutely criminal. A jail cell would be too nice a place for him.
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Bums
G.Carson on Mar 5, 2009 06:19 PMIf all the "bums" that are responsible for the mess were in the biggest employer in the U.S. would be the Federal Justice Department. G.Carson