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Utility company $OGS said its BoD has raised the dividend by $0.05 per share to $0.35 per share, effective for 1Q16, resulting in an annual payout of $1.40 per share. Dividend is payable Mar. 11 to holders of record at Feb. 26. $OGS expects average annual dividend growth of 8-10% between 2015 and 2020, with a payout ratio of 55-65% of net income.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.