Our Latest Articles

Pfizer's COVID-19 Vaccine Shows Promise; Spin-off to Execute November 13 With Dividend Adjustment Next Quarter

Pfizer announced on Monday its COVID-19 vaccine candidate was found to be more than 90% effective, and no serious safety concerns had...

Nov 9, 2020

Dominion's Lower Dividend and New Business Mix Improve Safety Profile; We Plan to Hold Our Shares

Dominion made its dividend cut official this week, reducing its fourth-quarter payout by 33% after closing a deal to sell its natural...

Nov 6, 2020

AltaGas's Falling Leverage Supports Dividend But Firm Will Evaluate Splitting Off Midstream Business

AltaGas generates about 60% of its EBITDA from U.S. regulated gas utilities and the remaining 40% from an integrated midstream...

Nov 2, 2020

Altria's Tobacco Business Remains Resilient But Longer-term Growth Uncertainties Linger

Altria's third-quarter earnings report highlighted the tobacco category's resiliency during the pandemic. With consumers spending less...

Oct 30, 2020

Exxon Plans to Maintain Dividend in 2021 Contingent on Businesses Getting Back to Normal Cycle Lows

Exxon maintained its dividend for the fourth quarter despite reporting another set of weak earnings results this morning. While...

Oct 30, 2020

Omnicom's Dividend Remains a Top Priority But Digital Acceleration Creates Longer-term Uncertainty

Omnicom reported earnings on October 27. Organic revenue fell 12% as clients in struggling industries such as auto (10% of sales),...

Oct 30, 2020

Valero Stays Committed to Dividend But Needs 2021 Demand Recovery

Valero reported earnings on October 22, recording its second straight quarterly loss as the refining industry continues to be upended...

Oct 28, 2020

Energy Transfer Cuts Distribution by 50% to Prioritize Deleveraging

Energy Transfer is the latest midstream MLP to slash its distribution, announcing yesterday evening that it will chop its payout in...

Oct 27, 2020

Intel Falls on Soft Demand and Remains Under Review for Potential Sale in Our Portfolio

Intel slumped more than 10% on October 23 after reporting third-quarter earnings results. Sales fell 4% year-over-year as consumers...

Oct 26, 2020

Wells Fargo's Dividend Coverage Improves as Profits Stabilize But Growth Headwinds Persist

Wells Fargo remains challenged by elevated restructuring costs, ongoing legal and remediation charges tied to its fake-accounts...

Oct 23, 2020