dividend posts
FeedPosted Sep 28th 2009 1:20PM by Brent Archer (RSS feed)
Filed under: Earnings reports, Bad news, Options, Technical Analysis
Cal-Maine Foods (NASDAQ:
CALM -
option chain) stock is trading slightly lower today after
the company announced Q1 results this morning, posting a loss of 0.16 per share. Total losses for the egg farmer were $3.8M. CALM, which has had a 2% yield over the past year will skip paying a dividend this quarter because of the loss. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on CALM.
This morning, CALM opened at $25.60. So far today the stock has hit a high of $27.89 and a low of $24.90. As of 11:55, CALM is trading at $27.72, down 6 cents (-0.2%). The chart for CALM looks bearish.
Continue reading Cal-Maine Foods (CALM) skips dividend, reports Q1 loss
Posted Jul 22nd 2009 1:00PM by Brent Archer (RSS feed)
Filed under: Major movement, Earnings reports, Bad news, Bank of New York (BK), Options, Technical Analysis
Bank of New York Mellon (NYSE:
BK -
option chain) stock is lower today after
the company reported a second-quarter profit this morning of $176 million, or 15 cents per share. Excluding one-time items, BK earned 23 cents per share, missing analysts' estimates of 53 cents per share. BK also announced its quarterly dividend of 0.09 per share down 62% from the previous 0.24. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on BK.
This morning, BK opened at $27.55. So far today the stock has hit a low of $26.48 and a high of $27.67. As of 11:40, BK is trading at $26.89, down $2.22 (-7.6%). The chart for BK looks bullish and
S&P gives BK a positive 4 STARS (out of 5) buy ranking.
Continue reading Bank of New York Mellon (BK) reports weak Q2 earnings, slashes dividend
Posted May 11th 2009 8:30AM by Mark Fightmaster (RSS feed)
Filed under: BB and T (BBT)

Earlier this morning,
BB&T (NYSE:
BBT) announced that it will
cut the size of its dividend as part of its plan to repay all stock and warrants that were invested in the company through TARP. BBT said that a 15-cent dividend will be paid on common stock in the third quarter -- 68% lower than the company's current 47-cent dividend.
BBT
declare: "In addition to our current earnings, while superior to our peers, are not likely to justify our 47-cent dividend in the near term." The company said that the board decided to make the dividend cut thanks to "the risk and uncertainty associated with being a TARP participant." This reduced dividend will be paid on August 3 to shareholders of record as of July 10.
Continue reading BB&T reveals plans to repay TARP funds
Posted Apr 30th 2009 12:00PM by Brent Archer (RSS feed)
Filed under: Major movement, Earnings reports, Bad news, Options, Technical Analysis
Oshkosh Corp. (NYSE:
OSK -
option chain) stock is falling sharply today after the company announced it will
suspend its quarterly dividend in order to preserve cash. Previously, OSK was yielding somewhere in the neighborhood of 3% annually. Today, OSK also released an adjusted Q2 loss of 0.24 per share (16.02 unadjusted), which was well worse that the expected 0.15 loss. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on OSK.
This morning, OSK opened at $11.37. So far today the stock has hit a low of $10.01 and a high of $11.37. As of 11:35, OSK is trading at $10.18, down $2.06 (-16.8%). The chart for OSK looks neutral and
S&P gives OSK a neutral 3 STARS (out of 5) hold ranking.
Continue reading Oshkosh (OSK) stops paying dividend, reports huge loss
Posted Apr 21st 2009 11:40AM by Brent Archer (RSS feed)
Filed under: Major movement, Earnings reports, Good news, Coach Inc (COH), Options, Technical Analysis
Coach (NYSE:
COH -
option chain) shares are headed higher today after the company reported a
third-quarter adjusted profit of 38 cents per share this morning, above analysts' estimates of 36 cents per share. However, the even bigger news is that the company announced it will begin paying a quarterly dividend of 7.5 cents per share on June 29. That is a pretty bold statement in this environment. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on COH.
COH opened this morning at $20.18. So far today the stock has hit a low of $20.76 and a high of $21.62. As of 11:20, COH is trading at $20.76, up 2.53 (13.9%). The chart for COH looks bullish and
S&P gives COH a positive 5 STARS (out of 5) strong buy ranking.
Continue reading Coach (COH) rises on Q3 earnings, starts dividend
Posted Mar 6th 2009 10:10AM by Mark Fightmaster (RSS feed)
Filed under: Wells Fargo (WFC)

This morning,
Wells Fargo (NYSE:
WFC) announced what it terms a "very difficult decision." Wells Fargo decided to
cut its quarterly dividend to 5 cents per share from 34 cents per share, saving $5 billion in the process. WFC also believes that the move will help the company reimburse the government for its recent investment in the firm.
WFC's CEO John Stumpf stated in a press release, "The actions we're taking every day ... are the right thing to do in any event for our shareholders, customers, and team members ... these actions will help us repay the government's investment at the earliest practical date."
Continue reading Wells Fargo cuts dividend to save money
Posted Feb 20th 2009 12:15PM by Jamie Dlugosch (RSS feed)
Filed under: Earnings reports, CBS Corp 'B' (CBS)
After reaching a historic high in the mid-$30s in June 2007, CBS Corporation (NYSE: CBS) has seen its fortunes fall in a continuous slide. It's now trading for less than $5 per share.
After reporting reduced revenues for the fourth quarter of 2008, CBS is taking significant steps to conserve capital and strengthen its balance sheet.
The company reported a drop in revenue of 6%, which would have been even greater but for the contribution of recent acquisitions.
Television and radio ad sales were weak, and the Outdoor advertising unit had a 15% drop in revenue. While Outdoor was negatively impacted by foreign exchange rate changes as the U.S. dollar strengthened, excluding currency, revenues for this unit were still down a disappointing 8%.
Continue reading CBS continues its slide
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