The last time I wrote about AGNC Investment Corp. (Nasdaq: AGNC), I called it the worst dividend safety rating I’d ever seen.
I concluded that AGNC cutting its dividend seemed like a sure thing.
Less than a year later, AGNC lowered its dividend 11%, to $0.16 per share from $0.18. It was the eighth time it had slashed the dividend in the past 10 years.
Is dividend cut No. 9 coming soon?
If history repeats? Yes.
The good news is that AGNC no longer has the worst dividend safety rating I’ve ever seen. It’s not good, but it’s no longer the worst.
The one positive is …read more […]
OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar with the matter said.
Peloton Interactive could be next up in the 2019 IPO queue. After filing its S1 paperwork on August 27, many expect the company to go public in the coming weeks. With a Peloton IPO on the horizon, let’s check in on the innovative fitness startup.
What is Peloton?
Peloton offers stationary bikes and treadmills with large displays that stream fitness classes. But according to CEO John Foley that description would be selling the company short. “Peloton sells happiness,” he said recently.
Peloton, much like WeWork, is looking to bolster its brand ahead of its IPO.
In the first section of Peloton’s IPO paperwork, the …read more […]
A reader, Eton, asks, “Do you have any recommendations on facial recognition startups, or thoughts on them?”
I usually save questions like this for our Mailbag. But this is such a big and basic issue, I didn’t want to wait.
Facial recognition technology is spreading like wildfire. I first started to use it when my Google Photos app made it available a couple of years ago. It makes searching for people in your photo albums quick and easy. Apple uses facial recognition to enable users to unlock their smartphones. Banks employ it to verify transactions. And supermarkets use it to try to …read more […]