Bank of America's (NYSE: BAC ) big dividend boost wasn't the only good thing to happen to the bank this week.
Investors in Bank of America were understandably preoccupied over the past several days, as the news of the big bank's dividend hike, to $0.05 per share, hogged all their attention. Though the increase wasn't huge, the psychological boost was enormous, since this was the first time B of A was able to raise its dividend since the financial crisis.
But that wasn't the only positive news for Bank of America in the last week of March. Here are a few more tidbits of good news that came along, giving the big bank's investors even more reason to smile.
1. A big payment to resolve mortgage claims
The announcement that B of A would be paying the Federal Housing Finance Agency $9.5 billion to settle all outstanding residential mortgage bond claims is a real biggie, taking a huge liability off of the big bank's plate. Knowing that 88% of these types of claims have now been put to bed is likely making investors breathe easier, as well.
5 Best Safest Stocks To Buy Right Now: PDL BioPharma Inc.(PDLI)
PDL BioPharma, Inc. engages in intellectual property asset management and royalty bearing assets investment activities. The company is involved in the humanization of monoclonal antibodies and the discovery of a new generation of targeted treatments for cancer and immunologic diseases. It offers Queen et al. patents that cover humanized antibodies, methods for humanizing antibodies, polynucleotide encoding in humanized antibodies, and methods of producing humanized antibodies. The company was formerly known as Protein Design Labs, Inc. and changed its name to PDL BioPharma, Inc. in 2006. PDL BioPharma, Inc. was founded in 1986 and is headquartered in Incline Village, Nevada.
Advisors' Opinion:- [By John Udovich]
Small cap patent stocks Spherix Inc (NASDAQ: SPEX), PDL BioPharma Inc (NASDAQ: PDLI) and Endeavor IP Inc (OTCBB: ENIP) are among the�growing number of publicly traded�US entities focused on collecting and making money from various types of patents. After all, monetizing patents can lead to incredible returns. For example: Nomura analyst Rick Sherlund wrote in a research note back in November that Microsoft Corporation (NASDAQ: MSFT) is generating $2 billion per year in revenue from Android patent royalties and he�estimates that this revenue has a 95% margin. However, there are risks associated with investing in stocks that invest in patents because a bi-partisan bill called the Innovation Act (H.R. 3309) is�working its way through Congress to try and reign in the activities of so-called�"patent trolls" or rather companies that buy or license patents from others.
- [By Selena Maranjian]
PDL BioPharma (NASDAQ: PDLI ) gained 28%, collecting royalties from a slew of medications. Its dividend yield was recently a hefty 7.6%, but investors are right to worry about its sustainability, since many of the company's revenue streams will dry up in coming years, as patents expire. Management has been seeking other revenue-generating assets and may find a new business strategy in making loans �to other medical companies.
- [By Rebecca McClay]
Finally, PDL BioPharma Inc. (Nasdaq: PDLI) expects third-quarter revenue of about $97 million, as compared with actual revenue of $85 million for the third quarter last year, an approximate 14% increase. Analysts expect revenue of $97.9 million.
Top 10 Net Payout Yield Companies To Own In Right Now: SINOPEC Shangai Petrochemical Company Ltd.(SHI)
Sinopec Shanghai Petrochemical Company Limited engages in the production of polypropylene compound products, polypropylene products, acrylic fiber products, petrochemical products, synthetic fibers, resins and plastics, and petroleum products in China and internationally. It also involves in the import and export of petrochemical products and equipment. The company was founded in 1972 and is based in Shanghai, the People's Republic of China. Sinopec Shanghai Petrochemical Company Limited is a subsidiary of China Petroleum & Chemical Corporation.
Advisors' Opinion:- [By Tyler Crowe and Aimee Duffy]
After selling about $10.8 billion in assets throughout 2012, it looks as though Chesapeake Energy (NYSE: CHK ) is on track for more big sales in 2013. The company just announced this week that it plans to sell 98,000 acres in the Utica shale region of Ohio. Once the sale is completed, it will be the third large influx of capital this year, after the company inked $3.2 billion in joint ventures with Sinopec (NYSE: SHI ) and Total (NYSE: TOT ) this year.�
- [By Arjun Sreekumar]
Notable foreign joint ventures
The practice has been quite common among foreign companies engaging in joint ventures with U.S. firms. For instance, the use of a drilling carry was a feature of Chesapeake Energy's (NYSE: CHK ) transaction with China's largest energy company, CNOOC (NYSE: CEO ) , back in 2010, though it was noticeably absent from its most recent joint venture agreement with Sinopec (NYSE: SHI ) . - [By Arjun Sreekumar]
Some companies -- overwhelmed by the oil thefts, spills, and vandalism that have become commonplace in Nigeria -- have retrenched from their operations in the country, either partially or entirely. For instance, in November, French oil major Total (NYSE: TOT ) agreed to sell a 20% stake in an offshore Nigerian oil field to Chinese oil giant China Petrochemical (NYSE: SHI ) , also known as Sinopec, for roughly $2.5 billion. Shortly thereafter, in December, ConocoPhillips (NYSE: COP ) backed out of its operations in the country, selling its Nigeria unit to Toronto-listed Oando Energy Resources for about $1.79 billion in cash. �
Top 10 Net Payout Yield Companies To Own In Right Now: Thomas Cook Group plc (TCG)
Thomas Cook Group plc is a United Kingdom-based leisure travel company. The Company operates in 19 source markets and operates under brands, including Thomas Cook, Neckermann, Condor, Jet tours, Ving, Spies and Tja reborg. Thomas Cook directly or indirectly controls a number of subsidiaries. The Company also has investments in other companies. It operates a combined fleet of 87 aircraft. The Company�� operating structure comprises four segments which are principally organized according to the location of the customer�� origin. These are United Kingdom, Continental Europe, Northern Europe and Airlines Germany. Advisors' Opinion:- [By Sarah Jones]
Thomas Cook Group Plc (TCG) dropped 7.7 percent to 116.1 pence. The tour operator admitted new shares to its listing this week. The company last month announced plans to raise 425 million pounds in a rights offer and share placement.
- [By Tom Stoukas]
Thomas Cook (TCG) lost 6.6 percent to 145.3 pence, its biggest decline since Sept. 5. The tour operator said winter bookings started more slowly than last year across most markets due to geopolitical events and warm weather in Europe.
- [By Inyoung Hwang]
Thomas Cook Group Plc (TCG) tumbled 9.9 percent for the biggest drop in five months. UBS AG removed the 172-year-old U.K. tour operator from its list of preferred stocks, citing the ��igh-profile media coverage��of the violence in Egypt.
- [By Sofia Horta e Costa]
Rio Tinto Group climbed 2.9 percent after saying it will cost $3 billion less than projected to increase iron ore output capacity. Boliden AB (BOL) added 3.1 percent as Morgan Stanley raised its rating on the stock. Thomas Cook Group Plc (TCG) rose 13 percent after the travel operator posted a 49 percent increase in full-year earnings. British tobacco companies slipped following a report that after a U.K. minister announced the review of cigarette packaging.
Top 10 Net Payout Yield Companies To Own In Right Now: Kimberly-Clark Corporation(KMB)
Kimberly-Clark Corporation, together with its subsidiaries, engages in the manufacture and marketing of various health care products worldwide. The company operates in four segments: Personal Care, Consumer Tissue, K-C Professional & Other, and Health Care. The Personal Care segment provides disposable diapers, training and youth pants, and swimpants; baby wipes; and feminine and incontinence care products, and related products. It offers its products primarily for household use under various brand names, including Huggies, Pull-Ups, Little Swimmers, GoodNites, Kotex, Lightdays, Depend, and Poise. The Consumer Tissue segment offers facial and bathroom tissue, paper towels, napkins, and related products for household use under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Hakle, and Page brands. The K-C Professional & Other segment offers facial and bathroom tissue, paper towels, napkins, wipers, and a range of safety products for the away-from-home marketplace und er Kimberly-Clark, Kleenex, Scott, WypAll, Kimtech, KleenGuard, Kimcare, and Jackson brand names. The Health Care segment offers disposable health care products, such as surgical drapes and gowns, infection control products, face masks, exam gloves, respiratory products, pain management products, and other disposable medical products under the Kimberly-Clark, Ballard, and ON-Q brand names. The company sells its products to supermarkets; mass merchandisers; drugstores; warehouse clubs; variety and department stores; retail outlets; manufacturing, lodging, office building, food service, and health care establishments; and high volume public facilities. It markets its products through wholesalers, distributors, and direct sales. The company was founded in 1872 and is based in Dallas, Texas.
Advisors' Opinion:- [By Paul Ausick]
We tracked the short interest in the following top dividend stocks: Altria Group Inc. (NYSE: MO), American Electric Power Co. Inc. (NYSE: AEP), Annaly Capital Management Inc. (NYSE: NLY), AT&T Inc. (NYSE: T), Duke Energy Corp. (NYSE: DUK), General Electric Co. (NYSE: GE), Kimberly-Clark Corp. (NYSE: KMB), Kinder Morgan Energy Partners L.P. (NYSE: KMP), Merck & Co. Inc. (NYSE: MRK), Procter & Gamble Co. (NYSE: PG), Reynolds American Inc. (NYSE: RAI) and Verizon Communications Inc. (NYSE: VZ).
- [By John Kell]
Kimberly-Clark Corp.(KMB) said its fourth-quarter profit soared on organic sales growth and wider margins. Results beat expectations, and the consumer-products company predicted earnings for the year that bracketed the consensus view. Shares edged up 2% to $107.50 premarket.
- [By Dividends4Life]
Memberships and Peers: PG is a member of the S&P 500, a Dividend Aristocrat, a member of the Broad Dividend Achievers��Index and a Dividend Champion. The company�� peer group includes: Clorox Corporation (CLX) with a 3.1% yield, Colgate-Palmolive Co. (CL) with a 2.1% yield, and Kimberly-Clark Corporation (KMB) with a 3.1% yield.
Top 10 Net Payout Yield Companies To Own In Right Now: NXP Semiconductors N.V.(NXPI)
NXP Semiconductors N.V., through its subsidiary, NXP B.V., provides mixed signal solutions and standard products worldwide. The company provides amplifiers, audio/radio products, bipolar transistors, data converters, diodes, identification and security products, interface and connectivity products, logic devices, media processors, microcontrollers, MOSFETs, power management integrated circuits (IC), radio frequency devices, sensors, thyristors, television and set-top-box front ends, and logic driver and controller ICs, as well as ESD, EMI, and signal conditioning products. Its products are used in automotive, identification, wireless infrastructure, lighting, mobile, consumer, computing, and industrial applications. NXP Semiconductors N.V. markets its products directly and through distribution to various original equipment manufacturers, original design manufacturers, contract manufacturers, and distributors. The company was formerly known as KASLION Acquisition B.V and ch anged its name to NXP Semiconductors NV in May 2010. NXP Semiconductors N.V. was founded in 2006 and is headquartered in Eindhoven, the Netherlands.
Advisors' Opinion:- [By Paul Ausick]
NXP Semiconductors N.V. (NASDAQ: NXPI) not only makes parts for the iPhone, but will benefit from the build-out of China Mobile’s base station infrastructure. The wireless carrier plans to support more than 500,000 base stations by the end of 2014, up from around 200,000 today. The stock closed on Friday at $43.52, in a 52-week range of $24.66 to $44.75. Sterne Agee’s price target on the stock is $50.00, yielding an upside potential of 14.9%. The consensus estimate for the 2014 fiscal year is $4.07, and the forward multiple at that level is 10.69. Shares were up 3.3% in premarket trading this morning.
- [By Selena Maranjian]
Westfield Capital Management reduced its stake in lots of companies, including NXP Semiconductors (NASDAQ: NXPI ) , which specializes in near-field communications (NFC) chips. Some of its chips aid digital video surveillance, while others can help cars talk to each other. NXP's NFC business has been growing briskly, and while there is competition from other firms, management sees that as a good sign and recently offered rosy projections.
- [By MONEYMORNING]
In other words, Allegion's offerings range from low-tech - steel doors and conventional locks - to high tech: automated-access and security systems, video monitoring, and systems integration. Its 23 business brands include:
Interflex Datensysteme GmbH & Co. KG, which offers such workforce-management systems as time accounting and automated scheduling, as well as security systems that include ID and access-card production, closed-circuit (CCTV) video surveillance, and biometrics. CISA, a security pioneer that patented the first electrically controlled lock - back in 1926. It is also the first brand in the world to develop smart-card locks, which are used as electronic keys to safely and efficiently manage gates and entrances. CISA today develops and markets cylinders and locks for any kind of door, including electronic locks, panic bars, door closers, safes, and padlocks. aptiQ Smart Technology, which uses an "open-architecture" to design readers, credentials, and smartphone-based security applications. The aptiQ portfolio includes easy-to-use readers that can accommodate most magnetic-stripe cards. This product line also allows for the creation and use of proximity cards, aptiQ "smartcards," and the latest in so-called "near-field communications" (NFC) technology - the know-how behind our May 2012 recommendation of NXP Semiconductors NV (Nasdaq: NXPI), a stock that has more than doubled. (Coincidentally, NXP is a 2006 spinoff from Koninklijke Philips Electronics NV (NYSE ADR: PHG) - which underscores, again, the profit potential of "spin-off investing.") Bocom Systems, which specializes in video monitoring solutions for city and highway traffic, as well as for airports, government buildings, and general surveillance. That business unit designs, engineers, and installs both security alarm systems and more-complex closed-circuit-based security networks. And Schlage, a 90-year-old company that's one of the top nam
Top 10 Net Payout Yield Companies To Own In Right Now: Global X China Energy ETF (CHIE)
Global X China Energy ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S-BOX China Energy Index (the Underlying Index). The Underlying Index is a free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure performance of the investable universe of companies in the Energy sector of the Chinese economy, as defined by Structured Solutions AG. Global X Management Company, LLC serves as the investment adviser to the Fund. Advisors' Opinion:- [By pamatlarge]
Investors looking to short a particular sector can choose from several Global X long ETFs. The Global X China Consumer ETF (CHIQ) concentrates its investments in consumer cyclical goods and consumer defense goods. The Global X China Energy ETF (CHIE) primarily holds stocks in coal, oil and utility companies. The Global X China Financials ETF (CHIX) only invests in financial services companies and real estate companies. The Global X China Industrials ETF (CHII) holds stocks in industrial companies and basic materials companies. The Global X China Materials ETF (CHIM) invests in basic materials stocks. The Global X China Technology ETF (CHIB) holds technology stocks as the core of its investments. All of these ETFs are particularly sensitive to sector downturns and general economic contractions.
Top 10 Net Payout Yield Companies To Own In Right Now: Bank of South Carolina Corp.(BKSC)
Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking products and services to individuals, and small and medium-sized businesses in South Carolina. The company accepts a range of deposit products, which include checking accounts, negotiable order of withdrawal accounts, savings accounts, individual retirement accounts, and other time deposits, such as daily money market accounts and longer-term certificates of deposit. It also offers various commercial loans, including secured and unsecured loans for working capital, business expansion, and purchasing machinery and equipment; mortgage loans; industrial loans; real estate loans; loans to individuals for household, family, and other personal expenditures; and other loans, including overdrafts. In addition, the company provides Internet banking services, including online bill pay and remote deposit capture; credit cards; check card services; and saf e deposit boxes, letters of credit, travelers checks, direct deposit of payroll, social security and dividend payments, and automatic payment of insurance premiums and mortgage loans. Further, it offers a courier service and ACH origination service as part of its deposit services for commercial customers; and a portfolio of wealth management/trust, investment, and retirement services. The company has four banking house locations in Charleston, Summerville, and Mt. Pleasant, South Carolina. It serves customers in Berkeley, Charleston, and Dorchester counties. The company was founded in 1986 and is headquartered in Charleston, South Carolina.
Advisors' Opinion:- [By Marc Bastow]
Financial institutions holding company Bank of South Carolina (BKSC) raised its dividend 8.3% to 13 cents per share, payable on Oct. 31 to shareholders of record as of Oct. 7.
BKSC Dividend Yield: 3.72%
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