Barron's Speaking Of Dividends 1-12-2007
8783 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by barrons2
DESCRIPTION:

Date updated:01-12-2008

This Barron's column highlights the latest dividend increases, initiations, and cutbacks.

symbol name last price % change open
  • +
  • MBI
    Mbia Inc.
  • $6.89
  • 0.00%
  • $6.87

A leading bond and mortgage insurer, MBIA (ticker: MBI), Wednesday unveiled a comprehensive plan aimed at strengthening its capital in order to maintain its crucial AAA rating amid the mortgage-market massacre. MBIA was the first in its industry to take such action. Part of the company's effort calls for a 62% reduction in its quarterly common dividend, to 13 cents a share from 34 cents, to preserve some $80 million annually. MBIA had boosted dividends every year since initiating them in 1987. The Armonk, N.Y., company also intends to sell about $1 billion in notes due in 2033. In December, Warburg Pincus LLC agreed to commit up to $1 billion to help boost MBIA's capital. Nonetheless, MBIA's shares, which trade on the Big Board, sank to a 16-year low of 11.11 Wednesday. Friday, they were changing hands around 17. The proposed dividend cut would give the stock a current yield of 3.13%, versus 8.19%.

People owning MBI also tend to own: AAAMGNAXPCVXEGLEHDHNZ

TheStreet.com Rating: D What is this?

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Stockpickr's Picks of the Day: J...

By Rebecca Corvino Posted at 2:35 p.m. EDT on July 6, 2009 Every day, Stockpickr members are creating and sharing stock ideas with each other through various platforms....

07.06.09 | 14:34 PM
Cramer's Take on Headline Stocks...

By Rebecca Corvino Posted at 12:47 p.m. EDT on July 6, 2009 Oil was in the red on Monday, sending stocks and the three major indices lower as well. Bank of America (...

07.06.09 | 12:48 PM
Top Tech Short-Squeeze Plays

By Fred Fuld Posted at 12:11 p.m. EDT on July 6, 2009 Revenue and earnings surprises can cause stocks to make sharp moves upwards, which in turn can set off a short sq...

07.06.09 | 12:11 PM
Rocket Stocks for the Week

By Jonas Elmerraji Posted at 11:07 a.m. EDT on July 6, 2009 As we approach the second week in July, the markets have done a good job of matching the summer heat by keep...

07.06.09 | 11:08 AM
more articles
Nymph's Trading Daily Trading Diary
04.13.09 | 01:10 AM From author Trading Nymph
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
Will black social ills take a ba...
11.22.08 | 18:53 PM From author Valerie Vecchio
more forums
Q. Scott,What is the stock to buy l...
07.06.09 | 13:29 PM Asked by kjp712

A. MCD and YUM with no doubt in mind. I am
long both.

today 's lists
Biggest % Losers

Here is the stock list of some of the largest % losers from July 1, 2009. more

52-Week Highs

Here are some of the biggest stocks that made the 52-week high list on July 1, 2009. more

Stocks With Unusual Option Activity

Unusually active options can often indicate that a major event in a stock is about to take place, or that unsophisticated investors (using options in lieu of leverage) are ... more