The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market’s initial reaction to the U.S. central bank’s policy statement.
MPLX (NYSE: MPLX) is a master limited partnership (MLP) formed by Marathon Petroleum Corp. (NYSE: MPC). Like many MLPs, its main business is operating oil and gas pipelines.
The stock yields a juicy 9% based on the last dividend (it has raised its dividend for the past 10 quarters and every year since it started paying one in 2012).
Can the company continue to pay that healthy of a dividend yield?
Last year, cash available for distribution (CAD), a measure of cash flow for MLPs, was $2.78 billion. It has been climbing steadily over the years, and in 2019, it is expected to …read more […]
Microsoft Corp said on Wednesday its board had approved a new share repurchase program of up to $40 billion and raised its quarterly dividend.
Income investors seek a steady stream of dividends. Altria’s dividend history is long and steady, but it could now be in jeopardy. With the FDA responding to vaping related fatalities, Altria’s stock has been beaten down. Let’s take a look at the business, dividend history, and payout safety going forward.
Business Overview and Highlights
Altria (NYSE: MO) is a $77 billion business. The company is based out of Richmond, Virginia and it employs 8,300 thousand people. Last year Altria pulled in $20 billion in sales and that works out to $2.4 million per employee.
The company operates within the consumer sector and maintains …read more […]
The benchmark S&P 500 index ended almost flat on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.
Comcast Corp said on Wednesday it will offer internet customers a free streaming media set top box that works with other services, stepping up competition with Roku Inc in the market for a device that organizes multiple subscriptions.
Tesla wants to steal Porsche’s bragging rights by testing its Model S on the northern loop of Germany’s Nuerburgring circuit, using a marketing tool that German carmakers have long used to tout the superiority of their products.
Wall Street sank on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
President Donald Trump blasted the Federal Reserve for delivering only a quarter-percentage point interest rate cut on Wednesday, saying the U.S. central bank and its chair, Jerome Powell, had “No ‘guts,’ no sense, no vision!”
Wall Street stocks slipped on Wednesday after the U.S. Federal Reserve gave mixed signals about what may happen next after it cut interest rates by a quarter of a percentage point for the second time this year in a widely expected move.
Pennsylvania is joining more than a dozen states that have filed a lawsuit aimed at stopping T-Mobile US’s $26 billion purchase of Sprint , New York Attorney General Letitia James said in a statement on Wednesday.
General Motors Co said on Wednesday it plans to temporarily lay off about 1,200 workers at its Oshawa assembly plant in Canada, which makes the Chevy Silverado and GMC Sierra pickup trucks.
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.
The Federal Reserve on Wednesday tweaked two key rates used to manage its main policy lever after turmoil this week in funding markets briefly pushed the overnight bank-to-bank lending rates above the U.S. central bank’s target range.
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