Molson Coors: Looking To Turn The Corner With Dividends Resuming In 2021
Regular readers will be aware that Molson Coors ( TAP) was plagued by problems long before COVID. These issues can be summarized in two main points. First, the company borrowed a lot to purchase the MillerCoors JV. At its peak, the company's net debt was approximately $11.5b. This is roughly equivalent to 4.5-5x annually EBITDA. This necessitated a period deleveraging to bring the balance sheet back in good shape. The good news was that Molson was generating over $1b per year in post-dividend cash flow. So while it may seem like a large amount of debt, the path to reducing it was very straightforward. Between 2016 and 2019, net debt fell by $3b.
VYMI: International Blue Chip Dividend ETF; Still Reasonable Long-Term Value
It's been less than a year since we first featured the Vanguard International High Dividend Yield Yield ETF here. This is essentially a sister fund to the domestic-focused VYM, the Vanguard High Dividend yield Yield ETF. Many readers will be familiar with it. The selection process is more complex than simply collecting the highest yielding stocks, despite the name. While stocks are ranked based on their 12-month forecast dividend yield, they are selected so that only half of the universe is based upon market value. Market-cap is also used to determine the weighting of each ticker.
Syrg Inc. Why We Invested
The US has 80 million hourly workers, which is 56.7% of its workforce. Of these, 15 million are in the restaurant and food service industries. They also have to pay over $155B for the costs of training, finding and retaining hourly workers. In addition to these costs, overworked workers can suffer from stress and lower productivity. This can also lead to increased turnover and more workplace accidents. The COVID-19 pandemic has exacerbated the problems faced by workers, including confusion in job applications and a decline in job stability, safety, and job satisfaction.
Toronto Dominion: Set For A Good 2021, But A Return To Pre-COVID Performance Now Reflected In The Share Price
It might have been difficult to imagine Toronto Dominion ( TD) making the financial gains it has recently a year ago. It was clear that the economic environment back then was very scary. The early economic data was unlike anything ever before. It is not necessary to add any commentary on the potentially disastrous impact of credit losses on bank stocks. The fact that TD, a Canadian giant, has managed to comfortably keep its dividend streak may be a good indicator of how resilient the industry has been.
Johnson & Johnson: Dividend Aristocrat At A Fair Price For Long-Term Investors
Johnson & Johnson ( JNJ), although it is a single ticker, is more like a one-stop shop for healthcare. People are likely to be familiar with the consumer division through brands such as Listerine and Neutrogena. The pharmaceutical segment is responsible for selling patented drugs in a variety of areas, including oncology, immunology. neurology, infectious diseases, cardiology, and so forth. It also owns a multi-billion-dollar medical device business that sells surgical tools, knee replacements, contact lenses, and other products. Add it all up and you have a business with an annual revenue of approximately $80b, $20b which is reflected in the bottom line.
Wall Street may be down, but ethical investing is on the rise
As ESG investing booms there's a noticeable lean toward green. Socially responsible investing, also known as ESG (Environmental, Social and Governance), is seeing new growth.
Wells Fargo Helped By Provisioning, But A Bit More Patience Required
To date, my coverage of Wells Fargo ( WFC) has been a channel of a Michael O'Higgins "Dogs of the Dow” approach. O'Higgins suggested that big blue-chip firms have more time to address any problems that might be affecting their stock prices due to their size. If the problem was solved , it would be a good idea to reinvest higher than average dividends yields.
Closing The Wealth Gap With Alternative Ownership Structures
The U.S.'s widening gap in economic wealth is complex and requires multifaceted solutions. Although policymakers play a major role, investors have the opportunity to have a lasting and measurable impact. The paradigm-based, impact strategy we are proud to share with the community is the Impact Engine's investments to support employee-owned businesses. These firms have the potential to close the wealth gap.