Not exact matches
It's
common to object to the
dividend yield as a measure of valuation, given that companies have devoted more of their earnings to
stock repurchases
than dividend payments in recent years.
The purchase price of each Share will be (i) not less
than the net asset value per Share (the «NAV Per Share») of the Company's
common stock (as determined in good faith by the board of directors of the Company or a committee thereof, in its sole discretion) immediately prior to the Expiration Date (as defined in the Offer to Purchase)(the date of repurchase) and (ii) not more
than 2.5 % greater
than the NAV Per Share as of such date, plus any unpaid
dividends accrued through the expiration date of the Tender Offer.
Historically, for shareholders participating in the DRIP, American
Stock Transfer & Trust Company, LLC (the «Plan Agent») used cash
dividends to purchase shares of NHF in the secondary market when the price of NHF's shares, plus estimated brokerage commissions, was less
than NAV, or distributed newly issued
common shares when the price of NHF's shares, plus estimated brokerage commissions, was equal to or greater
than NAV.
The Internal Revenue Service requires a Schedule B form in a number of situations, but for the average taxpayer, the two most
common reasons are earning more
than $ 1,500 of interest or
dividend income (from savings accounts or
stocks, for example) and to exclude the interest you earn on certain U.S. savings bonds from your tax return.
Their
dividends are usually qualified
dividends, which get taxed at a lower tax rate, their yield is usually higher
than common stock yields, and they may provide less share price volatility.
Preferred
stock is a more secure source of
dividend income
than is
common stock.
Common stock is subordinated to preferred
stocks, bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater
dividend risk
than preferred
stocks or debt instruments of such issuers.
Generally preferred shares have more security
than common stock when it comes to payment of
dividends and return of original capital.
Net - Current - Asset Value We feel on more solid ground in discussing these cases in which the market price or the computed value based on earnings and
dividends is less
than the net current assets applicable to the
common stock.
Preferred
stocks can offer investors greater assurances
than common shares in terms of both knowing that they will receive the
dividend payment and knowing what the
dividend amount will be.
Again, a consensus opinion, and one that I have some sympathy for now, but
dividend paying
common stocks are a lot more risky in the short run
than the long run.
And I've got just the ticket — that fund I mentioned earlier, which is throwing off a gaudy 7.4 %
dividend now, trades at a nice discount (more on that below) and has delivered a stellar return with much less volatility
than common stocks.
If Toyoda used «look through» accounting where, besides
dividends, the Toyoda income account also included Toyoda's equity in the undistributed earnings attributable to the
common stocks of portfolio companies, then the PE ratio would be materially more modest
than 50 times earnings.
In the above - mentioned list of companies, whose
common stocks all are selling at meaningful discounts from NAV and which also enjoy super-strong financial positions, long - term returns to TAM investors would likely be more
than satisfactory, if the individual issuers could increase their NAV after adding back
dividends by at least 10 % per annum compounded.
Preferred
stock: Preferred
stock is a little more exotic
than common stock in this way: preferred stockholders generally have no voting rights; however they generally profit more based on the fact that
dividend payments are somewhat more structured
than common stock.