If you're a long-time reader of StreetAuthority, you know by now that we almost never recommend stocks with yields higher than 10%.
If the yield is higher than that, it's usually a sign that the company's fundamentals are sagging, investors are bracing for a dividend cut -- or worse...
But today, I'm going to show you how to break one of the cardinal rules of safe income investing and buy a stock yielding 17% without losing a single night's sleep.
Hot Healthcare Equipment Companies For 2016: M&T Bank Corporation (MTB)
M&T Bank Corporation operates as the holding company for M&T Bank and M&T Bank, National Association that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. It offers business loans and leases; business credit cards; deposit products, such as demand, savings, and time accounts; and financial services, including cash management, payroll and direct deposit, merchant credit card, and letters of credit. The company also provides residential real estate loans; multifamily commercial real estate loans; commercial real estate loans; one-to-four family residential mortgage loans; investment and trading securities; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements related thereto; and branch deposits. In addition, it offers foreign exchange, as well as asset management services. Further, the company provides consumer loans, and commercial loans and leases; cred it life, and accident and health reinsurance; and securities brokerage, investment advisory, and insurance agency services. As of December 31, 2009, it had 738 banking offices in New York State, Pennsylvania, Maryland, Delaware, New Jersey, Virginia, West Virginia, and the District of Columbia; a commercial banking office in Ontario, Canada; and an office in George Town, Cayman Islands. The company was founded in 1969 and is headquartered in Buffalo, New York.
Advisors' Opinion:- [By Shauna O'Brien]
Credit Suisse announced on Friday that it has downgraded financial services company M&T Bank Corporation (MTB).
The firm has cut its rating on MTB from “Outperform” to “Neutral” due to a valuation call. Credit Suisse currently has a $122 price target on MTB, which suggests a 5% increase from the stock’s current price of $115.91.
M&T Bank shares were mostly flat during pre-market trading Friday. The stock is up 18% YTD.
Hot Dividend Stocks To Own For 2015: Chevron Corporation(CVX)
Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The Upstream segment involves in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as holds interest in a gas-to-liquids project. The Downstream segment engages in the refining of crude oil into petroleum products; marketing of crude oil and refined products primarily under the Chevron, Texaco, and Caltex brand names; transportation of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It a lso produces and markets coal and molybdenum; and holds interests in 13 power assets with a total operating capacity of approximately 3,100 megawatts, as well as involves in cash management and debt financing activities, insurance operations, real estate activities, energy services, and alternative fuels and technology business. Chevron Corporation has a joint venture agreement with China National Petroleum Corporation. The company was formerly known as ChevronTexaco Corp. and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.
Advisors' Opinion:- [By Jeremy Bowman]
Oil giants Chevron (NYSE: CVX ) and ExxonMobil (NYSE: XOM ) were also down sharply, each falling 2.8% on lower oil prices. Oil prices are sensitive to overall economic activity and cooler growth in China will ease demand. Chevron and Exxon are rarely big movers in the Dow, but with oil prices now under $90 a barrel, the energy producers could see a recovery in the commodity soon.
- [By Claudia Assis]
Major oil companies were mixed, with shares of Exxon Mobil Corp. (XOM) �down 0.2%. Shares of Chevron Corp. (CVX) �and ConocoPhillips (COP) �rose 0.3% each.
- [By Robert Rapier]
It may seem a bit ironic, but on the day that the National Climate Assessment report was released, the Standard & Poor�� Energy Index reached a new record high. This index of 44 companies includes major energy names like ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Halliburton (NYSE: HAL), Kinder Morgan (NYSE: KMI), Peabody (NYSE: BTU) and Valero (NYSE: VLO). All of the companies in the index produce or enable the production of fossil fuels, which end up as carbon dioxide in the atmosphere.
- [By Arjun Sreekumar]
Several oil majors have even plowed billions of dollars into prospecting areas offshore Africa, despite the risk of unexpected actions by conflict-ridden governments. For instance, Chevron (NYSE: CVX ) has acquired exploration blocks in Liberia and Sierra Leone, while Royal Dutch Shell (NYSE: RDS-A ) and Brazilian oil giant Petrobras (NYSE: PBR ) are jointly exploring deepwater acreage off the coast of Tanzania.
Hot Dividend Stocks To Own For 2015: UniSource Energy Corporation(UNS)
UniSource Energy Corporation engages in the electric generation and energy delivery businesses. The company?s TEP segment generates, transmits, and distributes electricity to approximately 403,000 retail electric customers, including residential, commercial, industrial, and public sector customers in southeastern Arizona. It also sells electricity to other utilities and power marketing entities. As of December 31, 2010, this segment owned or leased 2,245 MW of net generating capacity, as well as owned or participated in electric transmission and distribution system consisting of 512 circuit-miles of 500-kV lines; 1,087 circuit-miles of 345-kV lines; 379 circuit-miles of 138-kV lines; 478 circuit-miles of 46-kV lines; and 2,621 circuit-miles of lower voltage primary lines. TEP segment generates electricity from coal, gas, oil, and solar sources. The company?s UNS Gas segment distributes gas to approximately 146,500 retail customers in Mohave, Yavapai, Coconino, and Navajo c ounties in northern Arizona, as well as Santa Cruz County in southeastern Arizona. As of December 31, 2010, this segment?s transmission and distribution system consisted of approximately 30 miles of steel transmission mains, 4,211 miles of steel and plastic distribution piping, and 136,439 customer service lines. The company?s UNS Electric segment transmits and distributes electricity to approximately 91,000 retail customers consisting of residential, commercial, and industrial customers in Mohave and Santa Cruz counties. As of December 31, 2010, UNS Electric?s transmission and distribution system consisted of approximately 56 circuit-miles of 115-kV transmission lines, 271 circuit-miles of 69-kV transmission lines, and 3,599 circuit-miles of underground and overhead distribution lines. This segment also owns the 65 MW Valencia plant, as well as 39 substations having an installed capacity of 1,788,050 kilovolt amperes. The company was founded in 1902 and is based in Tucson, Arizona.
Advisors' Opinion:- [By David Dittman]
And with its December 2013 offer to buy Arizona-based UNS Energy Corp (NYSE: UNS) for $2.5 billion in cash St. John’s, Newfoundland and Labrador-based Fortis Inc (TSX: FTS, OTC: FRTSF), making its second foray in the US in two years, signaled its interest in regulated utility assets in states with favorable population and economic trends as a means of driving its growth going forward.
- [By Lauren Pollock]
Fortis Inc.(FTS.T) agreed to acquire UNS Energy Corp.(UNS) for about $2.5 billion, as the Canadian utility moves to boost exposure within the U.S. by acquiring a firm with a presence in the U.S. southwest. Shares of UNS jumped 30% to $59.02 premarket.
Hot Dividend Stocks To Own For 2015: (TELNY)
Telenor ASA operates as a telecommunication company worldwide. It provides mobile communication, fixed line communication, and television (TV)-based services. The company?s mobile communication services include voice, data, Internet, content, and electronic commerce services, as well as customer equipment, such as telephone sets, mobile phones, smart phones, computers, and PABX?s. Its fixed line services comprise analogue PSTN, digital ISDN, broadband telephony, xDSL, Internet, and leased lines, as well as communication solutions. The company?s TV-based services consist of pay-TV services via satellite dish, cable TV-networks, satellite master antenna TV-networks systems, broadband access services to cable TV-subscribers, and broadcasting rights, as well as security solutions to pay-TV operators. It also provides consulting and information technology services; maritime and aircraft telecommunications services; Internet protocol services; and mobile marketing agency service s, as well as manages two funds. The company has approximately 120 million mobile subscriptions. Telenor ASA was founded in 1885 and is headquartered in Fornebu, Norway.
Advisors' Opinion:- [By Charles Sizemore]
Next Page
European Dividend Stocks to Buy: Telenor ASA (TELNY)Dividend Yield: 5.3%
Norwegian telecom operator Telenor (TELNY) has exactly what I like to see in ��merging markets lite��dividend stocks. It�� headquartered in a well-regulated European market, and it has a large-enough market presence in developed markets to provide a level of stability. Norway accounts for 24% of revenues, with other European markets (primarily Sweden and Denmark, though Telenor has significant operations in Hungary, Serbia. Montenegro and Bulgaria as well) making up another 24%.
Hot Dividend Stocks To Own For 2015: Quanex Building Products Corporation(NX)
Quanex Building Products Corporation provides engineered products and aluminum sheet products. Its Engineered Products segment produces window and door components for original equipment manufacturers that primarily serve the residential construction and remodeling markets. This segment?s products consist of insulating glass spacer/sealant systems, thin film solar panel sealants, window and patio door screens, aluminum cladding and other roll formed metal window components, thresholds and astragals, moldings, residential exterior products, engineered vinyl and composite patio doors, window profiles and custom window grilles, and trim and architectural moldings in various woods primarily for the home improvement and residential construction markets. The company?s Aluminum Sheet Products segment includes reducing reroll coil to specific gauge, annealing, slitting, and custom coating. This segment?s products are used in customer end-use applications comprising window screen fr ames and screens, exterior home trim, fascias, roof edgings, soffits, downspouts, and gutters in the building and construction markets, as well as capital goods and transportation markets. The company offers its products to original equipment manufacturers and distributors through direct and indirect sales groups primarily in the United States, Mexico, Canada, Asia, and Europe. Quanex Building Products Corporation is based in Houston, Texas.
Advisors' Opinion:- [By Seth Jayson]
Quanex Building Products (NYSE: NX ) reported earnings on June 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q2), Quanex Building Products beat expectations on revenues and missed expectations on earnings per share. - [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Quanex Building Products (NYSE: NX ) .
- [By Rich Smith]
On Tuesday, Ingersoll named Quanex Building Products (NYSE: NX ) CEO David�D. Petratis as the new chairman, president, and CEO of its soon-to-spin-off Allegion subsidiary. Petratis has served as chairman, president, and CEO of Houston-based Quanex since July 2008.
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