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Financial Servicer Grows Dividend 13%
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Hello and welcome to Dividend Brief, the 2 times weekly newsletter focused on dividend investing.
Today, we will look into AT&T, McDonald’s, and Vulcan Materials, highlight a few dividend stocks worth watching, as well as share companies that are about to pay a dividend in the next few days.
Tech
Concerns Escalate Over Cybersecurity Breach at AT&T
A report revealing a potential breach in AT&T's telecom networks has prompted alarm among lawmakers and regulators in Washington, D.C. Chinese hackers reportedly gained access to sensitive systems, raising significant cybersecurity concerns for the company.
While the specifics of the data compromised remain unclear, a bipartisan group from the House Energy and Commerce Committee has expressed serious apprehensions about the implications for consumer data protection. They have reached out to AT&T for clarification on the breach and to understand the measures being taken to mitigate future risks. The committee has requested a briefing on the matter, emphasizing the importance of addressing these vulnerabilities to safeguard customer information.
In addition, the Federal Communications Commission has sought insights from national security officials regarding this breach. Lawmakers, including Democratic Senator Ron Wyden, have urged for more robust cybersecurity protocols to combat increasingly sophisticated attacks from foreign adversaries.
These recent events highlight the ongoing challenges AT&T faces in securing its networks against foreign intrusions. Enhanced security measures are urgently needed to protect American data from potential threats, ensuring that the telecom infrastructure remains resilient and trustworthy.
Healthcare
A small biotech company is developing an antiviral drug that could change the game in fighting viral infections like RSV and COVID-19.
The early trial results are impressive, showing that this new treatment is safer and more effective than anything currently on the market. With a multi-billion-dollar market opportunity ahead, the potential for this stock to break out is huge.
As the demand for better antiviral solutions grows, this company is strategically positioned to meet that need and capture a significant share of the market.
Experts believe that as the treatment progresses through the approval process, investor interest could surge.
If you’re looking for a stock with explosive potential, this could be the one.
Consumer
McDonald's Chicken Big Mac Faces Backlash
The highly anticipated Chicken Big Mac from McDonald's is drawing mixed reviews, with many customers expressing disappointment on social media. Critics are comparing its flavor unfavorably to the more popular McNuggets, describing the new offering as bland. One user lamented that the Chicken Big Mac feels like an oversized nugget rather than a distinct sandwich experience, urging the fast-food giant to consider using McChicken patties instead.
Others echoed similar sentiments, with some branding the new sandwich as "disgusting" and others lamenting its unexpectedly dry texture, even with ample sauce. This feedback comes after McDonald’s reimagined its classic Big Mac, which has been a staple since 1967, by replacing the traditional beef patties with tempura-battered chicken.
Launched earlier this month, the Chicken Big Mac aims to introduce a fresh twist on the beloved original. McDonald’s marketing team emphasized their intention to attract a new generation of fans through this release, integrating elements of popular culture and social media to enhance the experience. While some patrons are disappointed, a handful of enthusiastic fans have praised the sandwich, celebrating it as a new culinary delight. The mixed reception continues to unfold as more customers try the Chicken Big Mac.
Materials
Vulcan Materials Faces Legal Challenges Over Nature Reserve Designation
Vulcan Materials is navigating turbulent waters after the Mexican government announced that land housing its limestone quarry and port on the Riviera Maya is now designated as a nature reserve. The declaration, made just days before President Andres Manuel Lopez Obrador's exit, has drawn sharp criticism from the company, which argues that its operations have been mischaracterized as environmentally damaging.
Vulcan claims that the government’s actions constitute illegal expropriation of its investments, which have been under scrutiny since officials halted limestone quarrying by Vulcan's Calica unit two years ago. The company is seeking over $1.5 billion in compensation through arbitration with the International Centre for Settlement of Investment Disputes, citing violations of commitments under regional trade agreements, including the USMCA.
In response to the latest governmental move, Vulcan has stated its intention to explore all legal avenues to defend its interests. As the situation unfolds, the company remains committed to challenging the Mexican government's actions, highlighting the ongoing tension between corporate operations and environmental policies in the region. The implications of this conflict could resonate across the industry, influencing both investment strategies and regulatory landscapes.
Outbreak Solution
A small yet innovative biotech firm has just received FDA approval for its breakthrough antiviral drug.
Designed to combat viral infections like RSV and COVID-19, this treatment has shown outstanding results—proving to be safer and more effective than existing options.
With FDA approval in hand, the company is poised to tap into a multi-billion-dollar market, and its stock could be on the verge of a major breakout.
The potential for growth is enormous as the treatment moves closer to widespread adoption.
If you’re looking for a stock with explosive potential, this could be your chance to get in early before the market takes notice.
Dividend Stocks Worth Watching
WMB remains on a tear thanks to shake-ups with oil in the Middle East. The company currently pays out a respectable 47 cents per share to shareholders.
NVS has been on a run after increasing its yearly dividend to $3.77 earlier this year. Investors are excited about the company’s path to growth and product pipeline.
BEP continues to impress investors with its renewable energy initiatives. It maintains a steady quarterly payout of 35 cents per share.
Dividend Increases
AFG increased its dividend payout to 71 cents per share, an increase of 13%. The new forward yield of AFG is 2.4%
FUNC boosted its dividend to 22 cents per share, an increase of 10%. Its new forward yield is 2.9%
HSHP bumped up its dividend payout to 10 cents per share, an increase of 43%. Its new forward yield is 14.7%
Dividend Decreases
YRD decreased its dividend payout to 20 cents per share, a cut of 29%. Its new forward yield is 3.5%
GTG lowered its dividend to 10 cents per share, a cut of 66%. Its new forward yield is 3.1%
AQN dropped dividend payouts to 6.5 cents per share, a cut of 40%. Its new forward yield is 4.81%
Upcoming Dividend Payers
OZK is going to pay 41 cents per share to all shareholders of record on 10/18/24
INTU is set to hand out $1.04 per share to all shareholders of record on 10/18/24
TR scheduled its quarterly dividend of 9 cents per share to go out on 10/17/24
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