The coronavirus pandemic hasn’t gone away; there’s a growing realization that the virus will be with us, at least, for some time to come. An increase in cases has revived fears of a lockdown – although US Treasury Secretary Mnuchin has tried to allay those fears, stating that the US cannot afford another national lockdown. The month of May saw great news in the jobs report and the retail sales numbers, but international travel restrictions are still in place. While we’ve started reopening, it’ll be a long road back to normal.Which all makes dividend stocks a logical play. Return-minded investors can find a degree in safety in high-yielding equities, as the dividend will insulate the portfolio’s income stream. And even though dividend stocks tend to return less on share appreciation, there are still plenty out there that are showing high upside potential.We’ve turned to TipRanks database to find three dividend stocks...
(Bloomberg) -- American Airlines Group Inc. increased its junk bond offering for a second time raising it to $2.5 billion from $2 billion earlier, according to people familiar with the matter.The secured five-year junk bond is being marketed with a coupon of 11.75% and a discounted price of 99 cents on the dollar, which comes to an all-in yield of 12.01%, according to the people, who asked not to be identified because the deal is private. Early pricing discussions on the deal had been in the 12% area.The sales process closed at 3:45 p.m. in New York. The deal was originally expected to be about $1.5 billion in size but was increased to $2 billion after canceling a leveraged loan sale.The nixed $500 million loan had been marketed at 950 basis points over the London interbank offered rate benchmark and a discounted price of 95 to 96 cents on the dollar....
Federal regulators have introduced a series of waivers in response to COVID-19, to ensure that freight continues to move south of the border. Now they’re looking at whether selected waivers could become a permanent fixture. ...
Presently, only 37% see a Trump re-election — down more than half from the 76% who said he’d prevail in RBC's December survey, and down from 52% in March. ...
Volvo Financial Services (VFS) recently appointed Patrick Shannon as president of the company’s North America region, with responsibilities for business operations and financial performance in the U.S., Canada, and Mexico. ...
Aurora Cannabis Inc. (NYSE: ACB) has announced another round of reductions in its selling, general and administrative (SG&A) expense and consolidation of manufacturing facilities.The latest announcements should allow the company to expand gross margins by as much as 8 percentage points, according to Cantor Fitzgerald.The Aurora Cannabis Analyst Cantor's Pablo Zuanic maintained an Overweight rating for Aurora Cannabis, while raising the price target from 27 Canadian dollars ($19.89) to 29 Canadian dollars ($21.37).The Aurora Cannabis Thesis Talks with the CEO and CFO reveal that the planned cuts should neither disrupt production nor prevent Aurora Cannabis from capitalizing on market opportunities and delivering on its growth strategy, Zuanic said in the note.He mentioned that the announcements included: * SG&A of $40-$45 million per quarter in fiscal 2021, with reductions in corporate and production staff as well as third-party experts * Completion of the consolidation of production facilities in Canada by January *...
