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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: Steve Felix who wrote (24069)12/16/2015 5:55:41 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 34328
 
When there are sell off's because of an issue, like we have seen, some companies do not fit and as we see insiders start buying.

There was a bunch of insider buying in PSEC today.



To: Steve Felix who wrote (24069)12/19/2015 3:03:33 PM
From: B.K.Myers  Read Replies (1) | Respond to of 34328
 
I see that KMI cut it's dividend by a whopping 75%.

The following is a press release from Standard & Poor's:
NEW YORK (Standard & Poor's) Dec. 16, 2015--U.S. diversified midstream energy company Kinder Morgan Inc. (KMI) cut its dividend by about 75% to 50 cents per share from $2.04 on Dec. 8, 2015, and it expects to save about $3.8 billion in annual dividends. Although it's too early to say if this strategy will spread to other master limited partnerships (MLP) in the midstream sector, this could be a watershed moment for the industry, according to a report published Dec. 15, 2015 on RatingsDirect titled "Credit FAQ: How Will Kinder Morgan Inc.'s Dividend Cut Play In The Rest Of The Midstream Energy Sector?." We expect the company to use the bulk of its retained cash flow to fund a more than $4 billion capital spending program and for general corporate purposes. After the company announced the dividend curtailment, we affirmed KMI's 'BBB-' corporate credit rating and 'A-3' short-term rating and maintained the stable outlook. KMI's dividend curtailment could open the door for others to reset their capital costs to align with the "new" commodity price context, where we expect prices to remain low.