(from awhile back...divys may not be paid right now?...but here's the diff...)
PBR is common stock (PETR3). Options are available for trading.
PBR-A is preferred (mis-named) stock (PETR4). No voting rights; but dissimilar to US preferred.
Preferred shares shall have priority in case of capital reimbursement and in the distribution of the 5% (five percent) minimum dividend, calculated on the part of the capital represented by such kind of shares, or 3% (three percent) of the net value of the share, always with the greater prevailing, with a participation equal to the common shares in corporate capital increases deriving from the incorporation of reserves and profits.
Preferred shares shall participate non-cumulatively on equal conditions with the common shares in the distribution of dividends whenever the latter are greater than the minimum percentage as guaranteed to them in the preceding paragraph.
According to Brazilian law, the dividend for the non-controlling share has to be at least 10% more than the controlling share (pbr with right to vote or petr3.sa). The reason for this is to stimulate the minority investor to pick higher returns instead of the voting rights for a company.
PS....I OWN THE PBRA
got some at 16.70 today...just a tad...I will generally cost avg any stocks I buy, if they drop 10% more...I've bought MSFT / GLP / PBRA recently...doing pretty well...But my main holding is LTS-A preferred, paying an 8.3% yield / pays out monthly...quite stable on price...buck below par.....and 66% currently in CASH.
...are now the offshore rigs of 2015...The shippers, given the high Baltic Dry Rates back in 2008, ordered many more ships - and then the recession hit...Too many ships...the day rates plummeted...the Baltic Dry Rate plunged to a 30 yr low...Now, too many "rigs" have been ordered...and the day rates are dropping...and they have to retire more rigs in the next few years than they have in the last 15 years....Once I saw the parallels, well, it looked a lot like a value trap...with dividends being cut, etc...I'm not saying the rig stocks cannot reach a level AND THEN SIT THERE...but I suspect the dividends will be meager...and I get the idea many got into these stocks looking for dividends (mostly)...the hunt for yield try going for some LTS-A preferred stock...8.4% yield...pays out monthly...FIXED PAYOUT / won't be cut....It's a very decent one, that I've been happy to own, if you desire quite secure "cash flows"...and sells for a buck under par now....anything under 24 is decent....GOOD LUCK THO...I hope the rig stocks pop and give you some nice gains, but the parallels with the "shippers" is...well, identical....and shipping stocks have stunk for 6 years !!
If you (and many others) desire dividends to supplement "cash flows" in retirement, I suggest LTS-A ...Paying around 8.4% or so, per yr....FIXED PAYOUTS (not subject to reduction/cuts)...pays the dividend monthly....and no dilution fears, ala common. Yes, thee are other stocks like mortgage reits, etc etc that can pay a bit more...but with more downside risk.... You go with LTS-A and just enjoy the monthly cash flows....(ps. only use limit orders)...should be able to get some a tad under $24...
It's looking like some sort of deal will come about that'll allow companies to bring back cash, sitting overseas...and pay less tax on it...So, Microsoft has a huge amount of cash - if brought back, I'd definitely assume a large dividend hike...or at least a one-time giveback to shareholders...bonus dividend.
"Microsoft holds $92.9 billion of earnings in accounts outside of the United States, saving the company almost $30 billion in taxes."...I'd at least look for MSFT to "fill the gap" up around $47 ...so, hold on...coming soon.
Well, it got hit on the dollar strength...dropped from around $47-48...down to around $41...and I do like "cheaper"...Now , if the dollar continues to rise against the Euro, etc...then , yes, it can continue to be impacted (and basically, that's where 'cost averaging' may come in)...So, those are the negatives...plus any future recession ...but that's all stocks.
The pluses : sells for around 16 times forward earnings...about avg, in an 'avg market'....SP right now has a "19". The dividend currently paid is at 3% ...
The one year "dividend growth rate" is 10.7% ...and the 5 year 'dividend growth rate' at 19%...so, take the 10.7, to be conservative and that would raise the yield to 6% in 7 YEARS...decent.
*** the wild card.... They have tons of cash sitting overseas, and if any tax reform gets passed to where they bring back that money (and lots of it)...I'd expect them to "give" some of that back to shareholders in the form of a bigger dividend hike....and also some stock buyback plans?...
But I'd rather have the divvy hike...and that would PUSH the stock price higher, as the yield would be boosted.
so, net net...I'd say it's decent...The chartists pointed out a double megaphone top at $47-48...and said that it could drop back to the $32-35 area...oh, call it 20% further drop - but you never know...I'd say the dividend tugs the stock the other way...But I'd look to add shares if it did go to the $32-35 range...the yield would then be around 3.6%...and with the 'dividend growth rate' (low number)...would push the yield to 7.2% in 7 years.
oh, one, last, very important thing....The "payout ratio" (i.e. their 'cover' of the dividend out of cash flows)...is 50% ...That is VERY DECENT...Basically means the dividend is very secure...and even in tough times, they'd probably not have to consider lowering the dividend...and would probably continue with the decent 'dividend growth rates', going foreward. That MAY BE THE REAL TIPPING
agreed...flipping a coin or darts would be decent...I just don't rely on those talking heads on TV...Probably the only person I read / follow would be JEFF GUNDLACH.
yeah...There's Keynesian economics...Austrian economics...and Federal Reserve economics (aka WEIMAR economics...print print print)
Hmmm...I put in a good-til-cancelled bid at $55...or was it $50?....anywayyyy...and one for JOY at $25 ...and FCX at $12 (that might be too high...smile)...but they are only 'initial position/small' buys, if they get there...Also some orders for CVX / XOM / OXY / COP ...but much lower than where they are now...I just wanna keep em' on my mind...in computer....We'll see if that recession finally comes..
I put a 'good-til-cancelled' order in, at $25...uh huh...oh, in case of a nice recession...I believe I also put one around $55 for CAT (?)...and also put some pretty 'low ball' orders in for CVX / XOM / OXY / COP ...So low, people would laugh....but they sit there to remind me to watch things (I've got 60% in cash...finished month, up 1.9%...SP down 3.1% for January...so, ain't bad....This year's theme may be Ben Franklin's - "to save a penny is to make a penny"... I LIKE DRY POWDER)
yes mam...I was making $1.25 / hour, at McD , when I was in high school...years ago...and I was happy with that...Just some spending money...a bit of free food....and something to put on future job applications - i.e. that I was a good worker and did my best (busted #$%$ and eventually became a Chemist...years and years of study / it ain't easy !...Those burger jobs are either for "kids" or for a 2nd wage earner in a family - never meant to be a job for the breadwinner...(and last I checked, they don't keep the doors locked, so you're FREE TO LEAVE if you feel 'violated' @!...Go see if Al Sharpton can give you a job...yeah, ask him ! gooooooo
(my son will be going into the AF as a Lt., this summer ... dad - retired Colonel that dodged bullets in WW2 / Korea...me?...oh...NMMI...haha...bum knee) But I try to be particularly nice to those in the service, whenever I come across them, in San Diego....esp. the Seals !
agreed....With preferreds, you don't have dilution fears or cuts to payouts...I do have RSO-C...has been stronger, right after the x date a month ago...Was sorta weird...but I'll take the divvy and the appreciation off those lows....And today, I opted to get back into LTS-A ...Was fun buying it cheaply, awhile back, when the company was issuing new shares - was a great discount/gift...After that, it took off to $25, and I sold it off...But now, it appears they may be bleeding some more shares 'off the shelf...pretty high volumes...The stock is now around $24 ...seems stuck around there, for now...paying about 8.3%....with monthly payouts...So, that's one I've decided to get back into with some cash I have....good luck
Well, I never owed the common...but I did have some preferreds, which I sold off on the big run to $25...but now I see it's around $24....looks like maybe the company was/is bleeding some more, off the shelf...(as they did last time, to give me a real bargain)...Soooo...yeah, buying the preferreds back at a 4% discount to my sale price, earlier - love the cash flows....GOOD LUCK to the common holders as well.
when it gets to $70...I may be interested (to begin cost avg'ing)...not being sarcastic...it's just my price point, given crude prices / strong dollar...and I expect oil prices to remain lower for longer...Same with CVX...gotta come down 20-25% more...for my taste anyway....and FCX to $10 ...and BHP? Maybe $35...but even that may be too high, if commodities keep collapsing....China is "gone".
I was thinking about getting a piece of paper and marking down all the "I's ...but then I remembered I always change the channel when his face appears...Hey, personally, he's fine, I'd imagine...it's the other 99.9% that I have issues with...I MISS REAGAN....I THINK ROMNEY WOULD HAVE BEEN GREAT...WHATEVER...But for me, that last election was a turning point...the idiots outnumber us....and it'll only get worse, perhaps...BUT GOOD LUCK TO CVX LONGS...I'll not post again...(yeah, I hate politics too...but could not resist...sorry)
Sunday eve... headline/article
The weekend is over in New York and near 7:05 pm ET, the price of West Texas Intermediate crude oil was down another 2.5% to $44.45 a barrel.
Additionally, US stock futures were selling off after a mixed week..."
Greek election results shaking things up