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Financial Services Firm Adds 12% to Dividend
Hello and welcome to Dividend Brief, the 2 times weekly newsletter focused on dividend investing.
Today, we will look into Omnicom, Energy Transfer, and AbbVie, highlight a few dividend stocks worth watching, as well as share companies that are about to pay a dividend in the next few days.
Communications
Omnicom Moves to Reshape Advertising with Major Acquisition

Omnicom Group is reportedly advancing plans to acquire Interpublic Group, a move that could reshape the advertising industry. If finalized, the merger would bring together two major players in the sector, combining their resources and influence at a time when traditional advertising methods are facing significant challenges.
This potential deal is expected to strengthen Omnicom’s position in the market, enabling the company to better navigate the shifting landscape of advertising. With longstanding partnerships with major global brands, Omnicom has recently focused on expanding its digital and e-commerce capabilities.
Interpublic has also been evolving, investing in digital marketing and data-driven strategies while divesting from some traditional agency models. The company has focused on enhancing its technological expertise and leveraging consumer insights to meet modern marketing demands.
The merger would likely result in operational efficiencies and could create a more competitive agency group with broader capabilities. While the advertising industry continues to adapt to changing consumer behaviors and technological advancements, this union could position the combined entity to better serve its clients and negotiate with media platforms.
If the acquisition proceeds, it will mark a significant shift in the advertising world, potentially redefining relationships across the industry.
OMC currently trades at $103 and pays a dividend of 70 cents per share, a yield of 2.71%.
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Energy
Energy Transfer Expands Pipeline Projects to Fuel Distribution Growth

Energy Transfer is making significant strides in its distribution growth plans, aiming to increase payouts by 3% to 5% annually. The company currently offers a distribution yield of 6.7%, substantially higher than the S&P 500’s average. This generous yield is backed by substantial investments, including the recently sanctioned $2.7 billion Hugh Brinson pipeline project.
The pipeline, which will enhance natural gas transportation from the Permian Basin, is slated to be completed in two phases. Phase 1 will involve constructing a 400-mile pipeline with a capacity of 1.2 billion cubic feet per day, expected to be operational by the end of 2026. Phase 2 could increase capacity to 2.2 billion cubic feet per day, depending on demand. Long-term contracts from customers will provide a stable cash flow, supporting the company’s distribution plans.
In addition to this, Energy Transfer has an extensive pipeline of organic expansion projects, including upgrades to its terminals and generation facilities. A recent acquisition of WTG Midstream is expected to boost its distributable cash flow by up to $0.07 per unit by 2027. Energy Transfer’s ongoing expansion efforts and acquisitions position it well to maintain a steady and growing income stream for investors.
ET currently trades at $19 and pays a dividend of 32 cents per share, a yield of 6.62%.
Healthcare
AbbVie Reports Positive Results for Tavapadon in Early Parkinson’s Disease Trial

AbbVie has announced positive results from a Phase 3 trial of its drug, tavapadon, in treating early-stage Parkinson's disease. The TEMPO-2 trial, which tested tavapadon as a flexible-dose monotherapy, successfully met its primary endpoint, demonstrating a significant improvement in patients' motor functions compared to a placebo. This was measured using the Movement Disorder Society Unified Parkinson's Disease Rating Scale (MDS-UPDRS) at the 26-week mark.
Additionally, the trial met a key secondary goal by showing notable improvement in motor aspects of daily living for those treated with tavapadon. AbbVie is now on track to submit a New Drug Application (NDA) to the FDA in 2025, aiming to make this first-in-class treatment available to patients.
Tavapadon, a selective D1/D5 receptor partial agonist, is currently being investigated for both monotherapy and adjunctive use with levodopa. The safety profile in the TEMPO-2 trial was consistent with previous studies, with most side effects being mild to moderate. This breakthrough underscores tavapadon’s potential to offer a new option for individuals with Parkinson's, addressing an ongoing need for effective treatments with minimal side effects. Full trial results are expected to be presented at an upcoming medical conference.
ABBV currently trades at $177 and pays a dividend of $1.64 per share, a yield of 3.70%.
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Dividend Stocks Worth Watching
TU keeps a low churn rate and steady customer growth across all its wireless services. These positives fuel its expanding 7.36% yield.
ENB is used to dividend payouts, increasing its offering for more than 30 years in a row. It currently shares an impressive 6.21% yield.
ACI is actively pursuing a merger with grocery store chain Kroger. This news, coupled with a low beta value and 2.51% dividend yield, make it a worthy investment possibility.
Dividend Increases
MORN boosted its dividend payout to 45.5 cents per share, an increase of 12%. Its new forward yield is 0.51%.
CARR upped its dividend payout to 22.5 cents per share, an increase of 18%. Its new forward yield is 1.22%.
LLY increased its dividend payout to $1.50 per share, an increase of 15%. Its new forward yield is 0.75%.
Dividend Decreases
FTS dropped its dividend payout to 44 cents per share, a cut of 29%. Its new dividend yield is 4.0%.
VZ reduced its dividend payout to 67.75 cents per share, a cut of 0.07%. Its new dividend yield is 6.37%.
BRFS decreased its dividend payout to 2 cents per share, a cut of 78%. Its new dividend yield is 1.6%.
Upcoming Dividend Payers
CASS is going to pay 31 cents per share to all shareholders of record on 12/13/24.
KEY plans to hand out 20 cents per share to all shareholders of record on 12/13/24.
O will supply its 26 cents per share to all shareholders of record on 12/13/24.
That’s all for today’s edition of the Dividend Brief.
Thanks for reading, and if you have any feedback or dividend stocks you want me to take a look at, just reply to this email!
—Noah Zelvis
DividendBrief.com