Featured Articles
Golar LNG Partners LP 8.75% Series A Cumulative Redeemable Preferred Units
Tim McPartland | October 27, 2017
Date Issued 10/24/2017 Shares Issued 4,800,000 Overallotment Shares 720,000 S&P Rating NR Moodys NR Security Ticker Symbol GMLPP OTC Temp Ticker GOLPF Market Traded ON NASDAQ Distribution Payment Paid on the 15th of February, May, August and November beginning on 2/15/2018 Quarterly Distribution .547 Annual Distribution 2.188 Securities may be redeemed, at the issuers option, as early as 10/31/2022 for a redemption price of $25/share…
Ex-Dividend Date: What is it and Why is it Important?
Jonathan Wolfgram | October 26, 2017
Buying or selling shares of dividend-paying securities either prematurely or late could cause an investor to miss the ex-dividend date and a corresponding dividend distribution that shareholders otherwise would receive. Such a situation would require a new investor to wait a whole month, quarter, six months or even a year until the next dividend payment. The ex-dividend date is the…
Electric Utility Pays 16 Years of Dividend Boosts
Ned Piplovic | October 26, 2017
A utility company, serving primarily 11 states in the U.S. Southeast, rewarded its shareholders with a 4.6% dividend yield and continues its annual dividend boosts, which currently extend 16 consecutive years. The company’s current dividend yield is significantly higher than the average yield of the company’s competitors in the industry. The long track of annual dividend boosts is accompanied with…
Closed-End Fund RiverNorth Marketplace Lending Sells a Term Preferred
Tim McPartland | October 25, 2017
October 25, 2017 By Tim McPartland RiverNorth Marketplace Lending Corporation (Nasdaq: RMPLX) has sold a new term preferred stock with a typically meager coupon for a highly rated closed-end fund (CEF). As a closed-end fund, RiverNorth Marketplace is required to have a 200% asset coverage ratio on senior securities such as preferred stock. Because of this, Egan-Jones has rated the new…
Canadian Electric Utility Hiked Quarterly Dividend 6.2%, Pays 3.7% Yield
Ned Piplovic | October 25, 2017
A Canadian utility company boosted its quarterly dividend 6.2% over the previous period and rewarded its shareholders with a 3.7% forward dividend yield. This current dividend payout boost extends the company’s record for consecutive annual dividend hikes to 44 years. In addition to the long-term rising dividend payouts, the company provided investors with a 16.4% share price growth over the…
