July 5

FTSE 100 shock: BT just cut its dividend. Here’s what I’d do now

first_img In a shock to FTSE 100 income investors, BT (LSE: BT.A) cut its dividend yesterday. Hitting investors with a triple blow, the telecommunications company advised that it was suspending both its final 2019–20 dividend and all dividends for 2020–21, and that it was expecting to resume dividends in 2021–22 with a payout of 7.7p per share. That equates to just 50% of last year’s payout.Here I’ll look at what the dividend cut from BT means for FTSE 100 income investors. I’ll also explain how I’d go about building a robust dividend portfolio today.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The game has changed for FTSE 100 income investorsOne thing I’ve always said about dividend investing is that you have to do your research. It’s not as simple as it seems. Before buying a dividend stock, it’s important to look at factors such as revenue and earnings growth, debt, and dividend coverage (the ratio of earnings per share to dividends per share). Buying a stock simply because it has a high yield generally doesn’t end well.Looking at BT, there were certainly warnings signs that it might cut its dividend. In fact, I’ve been warning that BT could cut its dividend for years now. For example, all the way back in late 2017, I said that BT’s huge debt pile and monstrous pension deficit “could have implications for the dividend payout”. Then, late last year, I said: “I believe it’s only a matter of time until we see the payout cut”. More recently, on 12 March, I said: “I think there’s a good chance [the dividend] will be cut in the near future, due to the company’s large debt pile and pension deficit”. Those that focused on the risk factors here may have avoided the cut. The Covid-19 crisis has only reinforced my view on dividend investing. Nearly all the high-yielding stocks in the FTSE 100 have cut their dividends recently. Those who were hanging on to struggling companies just for the yield have been hit hard. Clearly, the game has changed for income investors.How I’d build a dividend portfolio todaySo, what’s the best way to build a dividend portfolio today?Well, the first thing I’d do is focus less on high yield and more on sustainable yield.I’d forget about struggling companies like BT and instead look for companies that have attractive long-term growth prospects, solid balance sheets, good dividend growth track records, and healthy levels of dividend coverage. Companies with these attributes are less likely to cut their dividends.Some examples of these types of companies include the likes of consumer goods firm Unilever, accounting software specialist Sage, and healthcare company Smith & Nephew. None of these FTSE 100 companies pay huge dividends. However, they are all reliable dividend payers. None have cut their dividends, so far.Of course, I’d also diversify my capital over many different dividend stocks in order to reduce portfolio risk.It’s never been more important to do your research before buying a stock for its dividend. If you’re looking for more information on dividend stocks, you’ll find plenty of valuable insight right here at The Motley Fool. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Edward Sheldon, CFA | Friday, 8th May, 2020 | More on: BT-A Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997”center_img Edward Sheldon owns shares in Unilever, Sage, and Smith & Nephew. The Motley Fool UK owns shares of and has recommended Unilever. The Motley Fool UK has recommended Sage Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Image source: Getty Images FTSE 100 shock: BT just cut its dividend. Here’s what I’d do now I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Edward Sheldon, CFAlast_img read more

June 20

Bishops vote to approve resources for same-gender blessings

first_img Featured Events Submit a Job Listing Rector Pittsburgh, PA The Episcopal Church’s House of Bishops meets July 9 during the 77th meeting of General Convention. Photo/Araceli Ma[Episcopal News Service – Indianapolis] The House of Bishops on July 9 approved liturgical resources for blessing same gender relationships and diocesan commitments to the General Convention budget in two roll call votes.The day included some tense moments as well as a few lighter ones and more than an hour of conversation as bishops voted 111-41 with three abstentions for Resolution A049, authorizing the use of liturgical resources for blessing same-gender relationships. Shortly afterwards, bishops also voted 108-13 by roll call for Resolution B016, setting diocesan giving at 15 percent for the triennium. The measures now move to the House of Deputies for consideration.Bishop John Bauerschmidt of Tennessee  requested the roll call vote before urging bishops to defeat the resolution. “It is reasonable to believe that vowed fidelity that is exclusive and lifelong to one other person is predicated on sexual difference,” he said. “This liturgy that is proposed does not have the basis in scripture, tradition or reason for us to authorize its use.”The resource would authorize the liturgy for provisional use and call upon the Standing Commission on Liturgy and Music (SCLM) to conduct a review process over the next triennium.“That will mean different things in different locales,” Bishop Thomas Ely of Vermont said when discussing the resolution. “There is a place in this process for every Episcopalian regardless of their level of support for the material. Read it. Reflect upon it. Use it, but please don’t ignore it.”Bishop Edward Little of Northern Indiana urged a no vote because the resolution would “put the Episcopal Church out of the Christian mainstream. The Christian world is going to understand us as having changed the nature of the sacrament of holy matrimony,” he said. “The Christian world will look at that liturgy world and see vows, and exchange of rings, a pronouncement and a blessing and they will understand that to mean the Episcopal Church has endorsed same-sex marriage and changed a basic Christian doctrine. I do not believe that we are free to do that.”But Bishop Nathan Baxter of Central Pennsylvania called the bishops to “theological, pastoral and canonical inclusion” and to keep going a conversation that has been more than 40 years in the making.The pastoral character of the liturgy allows us “to respect the differences we have in our diocese and continue the conversation and to be strong in our mission and witness to accept that there are many religions and political neighbors who strongly disagree and in my case many, many African American pastors are upset with me (about this issue) but I really believe this is God’s call to us to continue the conversation as we go forward.”Bishop Bill Love of Albany noted that in all likelihood the 77th General Convention will reject the Anglican covenant and reduce giving, constituting along with A049 a “triple whammy” to the Anglican Communion from the Episcopal Church.But Bishop Leo Frade of Southeast Florida evoked laughter and applause from both bishops and members of the crowded gallery when responding to an assertion that passage of the legislation would drive Hispanics and Latinos from the church.“The reality is that we, like everybody else, have gay children. We have gay parents. We have gay uncles. We are like everybody else. We process things the same way. People are going to be mad … but you cannot generalize that Hispanics are going to run away from the Episcopal Church because we have a door that’s open. We are going to run from immigration that’s trying to deport us, but not from the Episcopal Church.”Bishops also voted by roll call for Resolution B016, which had been referred back to the committee for more work.Bishop Stephen Lane of Maine said he was happy to see the bill reappear. “As a result of testimony we heard we are presenting a budget with a 19-percent asking through the upcoming triennium,” he said. “But we recognize the need across the church to look at this issue and think this resolution motivates us to have that conversation and gives us three years to prepare to do so.”But Steven Miller of Milwaukee said he didn’t think he could vote for the measure because “I believe it is contrary to our polity. I cannot commit the Diocese of Milwaukee without an action of convention to pay for something and I don’t believe any other bishops in this house can,” he said.Conversations were tense earlier in the day when Bishop Gene Robinson of New Hampshire prevailed upon the house for “a point of personal privilege”.Robinson said that nine years ago to the day, and again today, false allegations had circulated about him. Nine years ago the allegations surfaced before his confirmation hearings. On July 8, he received information about other mischaracterizations, one day after the bishops spent extended time in private conversations about reconciliation.“Last night I received an e-mail from (Bishop) John Howe (of the Diocese of Central Florida) saying that he had been contacted by two bishops of this house, saying that I had said on the floor of this house that I had no intention of reading the communication from the nine bishops that we have been discussing,” he said.“It was either a lie on those two bishops’ part – the purpose of which I cannot imagine, and I cannot understand how that builds up the body of Christ – or it was something that I said that was misconstrued, and I want to be very clear that I have read every word communicated to us since arriving here at convention and I took it seriously and it helped me understand where those bishops were coming from,” Robinson told the house.He also received an email from someone claiming to be a correspondent for VirtueOnline, asking for a comment about “relationship problems” between him and his partner Mark.After bearing for nine years “a level of scrutiny the likes of which I believe most of you can only imagine,” he told the bishops “there is a limit to what one person can bear. And to think that while we were discussing reconciliation yesterday, two of you were emailing Bishop Howe to mischaracterize or lie about what I had or had not said on this floor wounds me deeply. I believe that I have treated every one of you and maybe even especially those of you who have disagreed with me with nothing but honor and respect and I have listened to you every time you have wanted to speak to me. And most of you have listened when I have spoken to you.”With only three and a half more days as an active bishop in the house and less than six months as an active bishop of the church, he said, “can you cut me a little slack, please?”“I know I’m tired; it’s been a long nine years and it’s been a long and taxing Convention. I may be out of place here, but I am telling you I’ve had just about all I can take,” he said.In other business, Jefferts Schori announced the nominations of Bishops Michael Milliken of Western Kansas, Mary Glasspool of Los Angeles and Scott Mayer of Northwest Texas to the court of review, the Episcopal Church’s highest ecclesiastical court. The nominations were accepted by acclamation.Also announced were bishops elected to the committee to nominate a new presiding bishop: Tom Shaw (Massachusetts); William Franklin (Western New York); Nathan Baxter (Central Pennsylvania); Duncan Gray (Mississippi); Wendell Gibbs (Michigan); John Smiley (Wyoming), Ed Konieczny (Oklahoma); Mary Glasspool (Los Angeles); and Lloyd Allen (Honduras). They will be joining members elected in the House of Deputies, both clerical and lay.On a lighter note, Jefferts Schori informed the house about an article in “The “General Convent-Onion (where) apparently I’m being presented for substituting the word earth for world in a collect. The SCLM is filing Title IV proceedings. I commend this to you. It also says that 815 has moved to the matrix and that wifi is not available.”— The Rev. Pat McCaughan is a correspondent for the Episcopal News Service. July 11, 2012 at 11:42 am Any chance you could relocate to PA and pastor a church up here, Scott? We could use more like you! Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Rector Hopkinsville, KY Curate (Associate & Priest-in-Charge) Traverse City, MI General Convention 2012, Liturgy & Music, The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Shreveport, LA July 10, 2012 at 10:38 pm 2Cr 6:15 And what concord hath Christ with Belial? or what part hath he that believeth with an infidel?And what agreement hath the temple of God with idols? for ye are the temple of the living God; as God hath said, I will dwell in them, and walk in them; and I will be their God, and they shall be my people.Wherefore come out from among them, and be ye separate, saith the Lord, and touch not the unclean thing; and I will receive you, July 10, 2012 at 5:44 am For quite some time now, I have been afraid that the Anglican/Episcopalian positions on homosexual issues might prove to be a stumbling block for its Muslim members. Unfortunately, they cannot “pope out” and swim the Tiber as Rome, in contrast to Canterbury, is a trifle sticky regarding belief in the Trinity and Incarnation. Pity, that. Gary Gaertner says: July 10, 2012 at 10:53 am Wm Henry: Muslim members??? House of Bishops, July 10, 2012 at 8:26 am I am not sure what to think here. First I raise in prayer Bishop Gene Robinson of New Hampshire. I ask forgiveness for all of us who have supported his elevation to Bishop (myself) and those that have not. There is no collective honor in our cause as Children of Christ when Bishops themselves aspire to the name calling and rumor mongering. Bishop Robinson is a leader and figure of enlightenment for all of us to praise. The Bishops responsible have shamed us all and I ask forgiveness from the Bishop and from our Savior Jesus Christ for their actions in our presence.Regarding the sanctity of marriage. I believe Christ has called us to use scripture, tradition or reason in our lives. 1 John 4:7 states “Beloved, let us love one another, because love is from God; everyone who loves is born of God and knows God”. For us to ignore the truth embedded in the love of all people regardless of race or sexual orientation is to ignore the true understanding of God’s love for us.Pass the resolution and bring reconciliation to all of us before a great divided is widened beyond repair. Don’t worry about how this expression of love and leadership will affect our position in the worldwide Christian community. Remember……..John 13:35 “By this everyone will know that you are my disciples, if you have love for one another.” Rector Smithfield, NC Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Missioner for Disaster Resilience Sacramento, CA Jim Stockton says: Director of Music Morristown, NJ October 2, 2012 at 8:52 pm Thanks Cynthia. Sure, have the search committee call me. LOL Rector Bath, NC The Rev. Scott Arnold says: Assistant/Associate Rector Morristown, NJ Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Tampa, FL In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector and Chaplain Eugene, OR Comments are closed. William Henry says: Submit an Event Listing Priest-in-Charge Lebanon, OH Scott Arnold says: Rector/Priest in Charge (PT) Lisbon, ME July 11, 2012 at 2:41 am I join in Jim Stockton’s request that the full report of the roll call be published on this site. Comments (10) Rector Martinsville, VA July 11, 2012 at 10:01 am I wonder when the HOB will approve a rite blessing and solemnizing exclusive adulterous relationships, or rites for multiple marriage partners. I know a lot of guys who believe God has created them with the attraction and identity to love many different women. It’s all about love, right? Rector Belleville, IL Cynthia Gee, St. Andrew’s Parish,Shippensburg says: Assistant/Associate Rector Washington, DC Course Director Jerusalem, Israel Rector Collierville, TN RB Clay says: AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Featured Jobs & Calls Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Associate Priest for Pastoral Care New York, NY Rector Washington, DC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Assistant/Associate Priest Scottsdale, AZ New Berrigan Book With Episcopal Roots Cascade Books Bishop Diocesan Springfield, IL Rector Albany, NY The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Cynthia Gee, St. Andrew’s Parish,Shippensburg says: Cathedral Dean Boise, ID Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Youth Minister Lorton, VA Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Priest Associate or Director of Adult Ministries Greenville, SC Associate Rector for Family Ministries Anchorage, AK An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Associate Rector Columbus, GA Press Release Service Director of Administration & Finance Atlanta, GA Tags Submit a Press Release An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Human Sexuality, By Pat McCaughanPosted Jul 9, 2012 July 11, 2012 at 10:23 am RB Clay: You rightly point to the weakness of those who use the thin argument of “all the sacraments for all the people.” We have now taken the youth’s argument from the 60’s a step further. They said, “if it feels good, do it.” Now, we are saying in effect “If I feel right about it, then the Church should bless me.” Same-Sex Blessings Family Ministry Coordinator Baton Rouge, LA TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 General Convention, Curate Diocese of Nebraska Jim Stockton says: Rector Knoxville, TN Rector (FT or PT) Indian River, MI Bishops vote to approve resources for same-gender blessings Canon for Family Ministry Jackson, MS Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Michael Greene says: July 10, 2012 at 10:54 am Where and when will we be able to find a full report of the roll call? Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 last_img read more

May 31

DS5: Housing Forecasts & the State of Foreclosure Auctions

first_img The Best Markets For Residential Property Investors 2 days ago In this week’s DS5: Inside the Industry, Auction.com’s VP of Market Economics, Daren Blomquist, shares his thoughts on where housing is headed and what effects the health crisis is having on foreclosure auctions.In his role, Daren Blomquist analyzes and forecasts complex macro- and microeconomic data trends within the marketplace and greater industry to provide value to both buyers and sellers using the Auction.com platform. Blomquist’s reports and analysis have been cited by thousands of media outlets nationwide—including the Wall Street Journal, the New York Times, USA TODAY, and on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business, and Bloomberg.<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> DS5: Housing Forecasts & the State of Foreclosure Auctions Demand Propels Home Prices Upward 2 days ago October 19, 2020 1,878 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, Media, News, Webcasts Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago 2020-10-19 David Wharton Previous: FHFA’s Calabria on Loan Extensions and New GSE Rule Next: Residential Construction Reflects ‘Record-High Builder Optimism’ About Author: David Wharton Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Home / Daily Dose / DS5: Housing Forecasts & the State of Foreclosure Auctionslast_img read more

January 18

Leapin’ Lizards! Casting Complete for the National Tour of Annie

first_img The show’s company includes Amy Burgmaier, Cameron Mitchell Bell, John Cormier, Brian Cowing, Todd Fenstermaker, Chloe Horner, Evan Mayer, Jake Mills, Meghan Seaman, Hannah Slabaugh, Lily Emilia Smith and Chloe Tiso. Annie remains one of the biggest Broadway musical hits ever. It ran for 2,377 performances after it first opened, and has been performed in 28 languages and has been running somewhere around the world for 37 years. The show’s beloved score includes “Maybe,” “It’s the Hard Knock Life,” “You’re Never Fully Dressed Without a Smile,” “Easy Street,” “I Don’t Need Anything But You” and the eternal anthem of optimism, “Tomorrow.” In addition to Swickle, the cast of Annie features Gilgamesh Taggett as Oliver Warbucks, Lynn Andrews as Miss Hannigan, Ashley Edler as Grace, Garrett Deagon as Rooster, Lucy Werner as Lily and Allan Ray Baker as FDR. Sunny, a 4-year-old rescue terrier mix, stars as Sandy. The Orphans are Angelina Carballo, Adia Dant, LillyBea Ireland, Sydney Shuck, Lilly Mae Stewart and Isabel Wallach. Directed by original lyricist and director Martin Charnin for the 18th time, this production of Annie will be a brand new physical incarnation of the iconic Tony Award-winning original. Annie features a book by Thomas Meehan, music by Charles Strouse and lyrics by Charnin. All three authors received 1977 Tony Awards for their work. Choreography is by Liza Gennaro, who will incorporate selections from her father Peter Gennaro’s 1977 Tony Award-winning choreography.center_img Full casting has been announced for the national tour of Annie, which will launch on September 26 at the Fisher Theatre in Detroit before continuing to cities across the country. The title role of Annie will be played by Issie Swickle, a 9-year-old actress from Davie, FL, making her tour debut. Swickle’s casting was announced exclusively in the inaugural episode of Broadway Balances America, airing during The Balancing Act on Lifetime Television. View Commentslast_img read more