|Bid||31.35 x 800|
|Ask||31.39 x 1300|
|Day's Range||29.84 - 31.53|
|52 Week Range||11.81 - 31.53|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||68.07|
|Forward Dividend & Yield||1.44 (4.93%)|
|Ex-Dividend Date||Nov 06, 2020|
|1y Target Est||N/A|
High-yielding stocks are making a comeback after trailing the overall market for much of 2020. There could be more upside for the high-yielders and value strategies generally.
Dividend payouts by the world's biggest firms in 2020 will fall by 17.5%-20%, equivalent to some $263 billion, as a result of the coronavirus crisis, a report on Monday forecast, but could rebound strongly next year. Although the prediction by investment firm Janus Henderson represents a smaller dividend drop than some had feared at the outset of the COVID-19 pandemic, it will be the biggest since at least 2009 in the wake of the global financial crisis. Dividends are a major source of income for both public and private pension funds, but companies trying to cope with the coronavirus cut them by $55 billion, or 11.4%, in the third quarter after a $108 billion 22% plunge between April and June when uncertainty over the course of the pandemic peaked.
Trian Fund Management, led by activist investor Nelson Peltz, took large stakes in the two firms, prompting widespread speculation of an acquisition. Invesco CEO Martin Flanagan told Barron’s in an exclusive interview that he has not discussed the notion with Peltz.