Tag Archives: news
PayChex, Inc. (PAYX) Increases Dividend, Announces Buyback
In an industry considered by most to be dull and boring, one company is producing exciting returns. On Thursday, payroll software company Paychex, Inc. (NASDAQ:PAYX) announced a $0.04 increase in the company’s quarterly dividend to $0.46 per share. The move.
Private Payrolls Increase Faster Than Expected
ADP Shows Labor Market Improving One day ahead of the official July jobs report, Automatic Data Processing (ADP) released its estimate for the number of jobs added. According to ADP, private firms in the U.S. added 172,000 jobs in June.
Genesis Energy, L.P. Announces Distribution Hike
While many oil patch firms are still deep in the doldrums, one energy partnership is increasing its already-impressive payout to income investors. On Thursday, July 7, Genesis Energy, L.P. (NYSE:GEL) announced a quarterly distribution of $0.69 per common unit for.
More Elderly Americans Are Working Past Retirement Age
No More Golden Years? According to a recent study by Pew Research, America’s baby boomers aren’t having the peaceful retirement they intended. More Americans above the age of 65 are working than at any other point this century. They are.
U.S. Trade Deficit Increases Most Since August 2015
Trade Gap Widens by 10.1% In May of this year, the United States saw its trade deficit grow by the largest margin since August of 2015. The gap between imports and exports widened by 10.1%. (Source: “Trade Deficit in U.S..
PNC Financial Services Inc Announces 8% Dividend Hike
The financial crisis hammered bank stocks, but one company is still finding ways to reward shareholders. On Thursday, July 7, PNC Financial Services Group Inc (NYSE:PNC) declared a quarterly cash dividend of $0.55 per share. This represents an eight percent.
Bank of England Eases Funding After Brexit
Mark Carney Loosens Lending Restrictions Earlier this week, the Bank of England (BOE) eased lending conditions to soften the fallout from the Brexit. Britain’s vote to leave the European Union has put the BOE’s governor, Mark Carney, under pressure to.
30 of 33 Banks Pass Federal Reserve’s Stress Tests
Santander and Deutsche Bank Get Rejected The Federal Reserve recently reviewed the capital distribution plans from 33 of the biggest banks in the U.S. The Fed only rejected two. (Source: “Federal Reserve releases results of Comprehensive Capital Analysis and Review.
Improving Economy: U.S. Consumer Spending Up 0.4% in May
Spending on the Rise Personal spending continued its second-quarter rebound with a 0.4% rise in May, showing that at least one engine in the U.S. economy is firing. Consumer dollars are one of the driving forces behind economic growth. (Source:.
Rating Agencies Downgrade U.K. Government Bonds
Fitch and S&P Cut U.K. Rating Two of the world’s biggest rating agencies have downgraded the United Kingdom in the aftermath of the Brexit. The cuts were widely expected after the majority of Britain voted to leave the European Union..
