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Two utility companies have rewarded their investors with dividend yields of around 3% and average dividend growth rates of more than 5.5% over the past eight-plus years. In addition to the considerable dividend income, the two equities have increased their share prices by more than 85% over the past five years. Sempra Energy’s (NYSE:SRE) ex-dividends is coming up shortly on…

Date Sold      6/27/2017 Shares Issued    7,000,000   Overallotment Shares   1,050,000 S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol     PMT-B      OTC Grey Market     PNNMP Market Traded ON   NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 9/15/2017 Quarterly Dividend   .50   Annual Dividend   2.00 Securities may be redeemed, at the issuers option, as early…

Mortgage REIT PennyMac Mortgage Investment Corp (NYSE:PMT) has sold a large fixed-to-floating rate preferred share issue with a coupon of 8%.  7 million shares are being offered with another 1 million share allocated for over allotment . PMT will be using the proceeds from this offering for general corporate purposes, debt repayment and common share repurchases.  The trust expects to…

It has been a pretty incredible 2 years for income investors.  We have had 4 Fed Funds rate hikes from a low of 0-1/4% to the current rate of 1-1 1/4%.  2 years ago the 10 year treasury was at 2.2% before falling to 1.5% a year ago, then rising to 2.6% and subsequently drifting back down to 2.1% a…

A Michigan-based office furniture manufacturer and a Virginia regional bank have been rewarding their investors with several years of rising dividends and currently pay dividends that yield more than 3.4%. While share prices of both securities experienced only modest gains of 3.2% and 9.1% over the past 12 months, the asset appreciation for both investments is much better over a…