Connect with us

Entrepreneurship

3 Dividend-Paying Stocks to Buy Now and Never Sell

Published

on

The Fed’s indication of continuing rate hikes and impending recession fears is likely to keep the stock market under pressure for a while. Therefore, investors looking for a stable income can scoop up quality dividend-paying stocks PepsiCo (PEP), Medifast (MED), and Genie Energy (GNE) and hold forever. Read on….


shutterstock.com – StockNews

The December CPI moderated for the sixth consecutive time as prices rose 6.5% year-over-year. Post CPI report, a 25-basis-point rate hike is expected at the Fed’s February meeting, and this slowdown in the rate hikes could bode well for the stock market.

However, rate hikes could continue throughout 2023, although at a reduced pace, until the inflation rate drops below 2%. This could tip the economy into a recession. Although the market expects rates to peak at 4.9% mid-year, JPMorgan Asset Management’s chief investment officer Bob Michele has predicted them to ultimately reach 6%, which could result in at least a mild recession.

To safeguard portfolios against economic volatilities, investors could opt for dividend stocks that ensure consistent returns. Over the past three months, SPDR S&P Dividend ETF’s (SDY) 8% gains outpaced the S&P 500’s increase of 5.8%.

Hence, fundamentally strong dividend stocks PepsiCo, Inc. (PEP), Medifast, Inc. (MED), and Genie Energy Ltd. (GNE) might be wise buy-and-hold options for your portfolio.

PepsiCo, Inc. (PEP)

PEP is a popular food and beverage company that operates through its seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East, and South Asia; Asia Pacific, Australia and New Zealand; and China Region.

On December 5, 2022, PEP announced a new packaging goal intended to double down the scale of reusable packing models from 10% to 20% by 2030. This ambition is driven by disruptive innovation that aligns with the company’s sustainable packaging vision.

On November 17, the company increased its quarterly dividend by 7% from the prior-year value to $1.15 per share, paid on January 6, 2023. PEP has paid consecutive quarterly dividends since 1965, and 2022 marked the company’s 50th consecutive annual dividend increase.

Its annual dividend of $4.60 yields 2.72% on prevailing prices. The company’s dividend payouts have increased at a 6.1% CAGR over the past three years and a 7.4% CAGR over the five years. GNE’s four-year average dividend yield is 2.77%.

PEP’s net revenue came in at $21.97 billion for the third quarter that ended September 3, 2022, up 8.8% year-over-year. Its non-GAAP gross profit increased 8.4% year-over-year to $11.73 billion.

Also, its non-GAAP operating profit came in at $3.60 billion, up 10.9% year-over-year. Non-GAAP net income attributable to PEP per common share grew 10.1% year-over-year to $1.97.

For the fiscal first quarter ending March 2023, analysts expect PEP’s revenue to increase 3.6% year-over-year to $16.78 billion. Its EPS is estimated to grow 7.8% year-over-year to $1.39. PEP surpassed EPS and revenue estimates in all four trailing quarters, which is impressive.

Over the past six months, the stock has gained marginally to close the last trading session at $170.69. Moreover, it has gained 1% intraday.

It’s no surprise that PEP’s POWR Ratings reflect a promising outlook. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

PEP has an A grade for Quality and a B for Growth, Stability, and Sentiment. In the A-rated Beverages industry, it is ranked #7 out of 36 stocks.

Click here for the additional POWR Ratings for Momentum and Value for PEP.

Medifast, Inc. (MED)

MED manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products in the United States and the Asia-Pacific. It markets its products through point-of-sale transactions over e-commerce platforms.

In September 2022, MED announced the launch of its “Healthy Habits for All” curriculum through a partnership with WeAreTeachers, a popular resource hub for educators. This could bolster the company’s customer reach.

In terms of forward non-GAAP P/E, MED is trading at 8.69x, which is 53.9% lower than the 18.85x industry average. The stock’s forward EV/EBIT multiple of 6.09 is 61.6% lower than the industry average of 15.85, while its forward EV/EBITDA multiple of 5.55 is 52% lower than the industry average of 11.55.

MED’s board of directors declared a $1.64 quarterly dividend payable to its stockholders on February 7, 2023. MED pays a $6.56 per share dividend annually, which translates to a 5.48% yield on the current share price. Its four-year dividend yield is 3.03%. The company’s dividend payouts have grown at a CAGR of 24.7% over the past three years and 35.4% over the past five years.

MED’s net revenue came in at $390.40 million for the third quarter that ended September 30, 2022. Its gross profit stood at $282.85 million. Also, its non-GAAP income from operations came in at $49.24 million, and non-GAAP earnings per share stood at $3.32 for the same quarter.

Moreover, its total current liabilities came in at $154.26 million on September 30, 2022, compared to $169.83 million on December 31, 2021.

Analysts expect MED’s revenue and EPS for the fiscal year ending December 2023 to increase 0.6% and 1.6% year-over-year to $1.60 billion and $13.26, respectively. MED surpassed EPS and revenue estimates in all four trailing quarters, which is impressive.

The stock has lost marginally over the past three months to close the last trading session at $113.37.

It is no surprise that MED has an overall B rating, which equates to Buy in our POWR Ratings system.

It also has an A grade for Value and Quality. The stock is ranked #3 of 9 in the B-rated Medical – Consumer Goods industry.

Click here to get additional ratings for MED (Growth, Momentum, Stability, and Sentiment).

Genie Energy Ltd. (GNE)

GNE and its subsidiaries supply electricity and natural gas to residential and small business customers internationally. It has three operational segments: Genie Retail Energy (GRE); GRE International; and Genie Renewables.

On December 6, 2022, GNE’s Genie Solar subsidiary received notice to proceed with constructing its first company-owned community solar generation project. Given the environmental benefit and the economics driving community solar development, GNE looks forward to expanding to additional sites in the coming months.

In addition, the company expects a notice to proceed with the second project in upstate New York in early 2023.

On November 30, the company acquired a portfolio of residential and small commercial customer contracts from Mega Energy. This acquisition is backed by its strong cash flows and should enable GNE to expand its footprint across seven states of retail supply markets.

The company paid a dividend of $0.075 per share on November 21, 2022. Its current annual dividend of $0.30 yields 2.88% on prevailing prices. GNE’s four-year average dividend yield is 2.95%.

For the fiscal third quarter (ended September 30, 2022), GNE’s gross profit increased 24.7% year-over-year to $43.14 million. The company’s income from operations rose 34.8% year-over-year to $23.54 million, while its adjusted EBITDA increased 35.4% from the year-ago value to $24.50 million.

Also, its net income attributable to GNE common stockholders came in at $18.31 million compared to a net loss of $2.66 million in the prior-year period. In addition, its earnings per share attributable to GNE common shareholder stood at $0.70 compared to a net loss per share of $0.10 in the same quarter the prior year.

The stock has gained 11.6% over the past six months to close the last trading session at $10.42. Moreover, it has gained 15.9% over the past three months.

GNE’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.

It has an A grade for Value and a B for Growth and Momentum. Within the Utilities – Domestic industry, it is ranked first out of 66 stocks.

To see GNE’s ratings for Stability, Sentiment, and Quality, click here.


PEP shares fell $0.49 (-0.29%) in premarket trading Wednesday. Year-to-date, PEP has declined -5.52%, versus a 4.65% rise in the benchmark S&P 500 index during the same period.


About the Author: Sristi Suman Jayaswal

The stock market dynamics sparked Sristi’s interest during her school days, which led her to become a financial journalist. Investing in undervalued stocks with solid long-term growth prospects is her preferred strategy.Having earned a master’s degree in Accounting and Finance, Sristi hopes to deepen her investment research experience and better guide investors.

More…

The post 3 Dividend-Paying Stocks to Buy Now and Never Sell appeared first on StockNews.com

Source link

Entrepreneurship

Tom Brady is Retiring. What’s Next for the NFL Champion After He Retires?

Published

on

In a not necessarily surprising, albeit emotional announcement, Tampa Bay Buccaneers quarterback and football legend Tom Brady announced that he is officially retiring from the NFL — again.

“Good morning, guys. I’ll get to the point right away,” Brady said in a video posted to his social media accounts. “I’m retiring for good. I know the process was a pretty big deal last time. So, when I woke up this morning, I figured I’d just press record and let you guys know first, so I won’t be long-winded.”

The announcement, as of Wednesday morning, had garnered over 1.4 million likes on Instagram and over 7.4 million views on Twitter.

“You only get one super emotional retirement essay and I used mine up last year,” Brady said, referring to his announcement that he would be leaving the sport exactly one year ago to the day in 2022 before staging a comeback for one last season just 40 days later. “I really thank you guys so much to everyone single one of you for supporting me. My family, my friends, my teammates, my competitors… I can go on forever. There’s too many.”

Related: Tom Brady Joins Ex-CEO’s Comeback Venture

Brady is bowing out after an impressive 23 seasons in the NFL, his most notable career achievement being the seven Super Bowl championships he won (six with the New England Patriots, one most recently with the Tampa Bay Buccaneers during Super Bowl LV in 2021.)

Of these seven titles, Brady won Super Bowl MVP five times.

“Thank you guys for allowing me to live my absolute dream,” he told viewers on Wednesday. “I wouldn’t change a thing. Love you all.”

What’s Next for Tom Brady After His Retirement?

Many are wondering what’s next for the former QB, who currently oversees BRADY clothing (a sportswear, technical apparel brand) and TB12 Sports (a wellness company centered around the TB12 method, Brady’s intense diet and exercise regime.)

Related: Tom Brady is Officially Retiring. Here’s His Net Worth

Though both businesses seem to be booming (financials and earnings are not publicly disclosed), Brady also made headlines earlier this year following the brutal collapse of crypto trading platform FTX, in which the former QB owned 1.1 million common shares.

It’s estimated that his loss amid the company’s bankruptcy was around $45 million, per Bloomberg.

However, a May 2022 report from the New York Post may shed a little light on how lucrative his newest deal is set to earn him.

FOX CEO Lachlan Murdoch announced last May that Brady would be joining Fox Sport’s NFL analyst team on air when he decides to retire — in fact, Brady is set to be the network’s lead analyst.

Though Murdoch and the network didn’t specify or confirm what exactly the deal entailed, The Post reported that the monster deal was a 10-year contract with a $375 million payout for Brady.

“What has been reported isn’t an accurate description of the deal and we have not released details beyond what was disclosed on our quarterly earnings call,” Brian Nick, a Fox spokesperson, said pending the rumors—though he did not specify exactly what was inaccurate.

Related: Who Lost Money in FTX? Tom Brady, Kevin O’Leary and More

Brady spoke about the looming new gig just days before he announced his departure from the NFL on his podcast Let’s Go! with guest Stephen A. Smith, sharing that he was excited about the new role and all that it would entail.

“There’s so much to learn, there’s so much to teach, you know, it’s ever-evolving. Believe me, as much as you think I’m willing to teach people, I’m really looking to learn,” he said humbly.

Brady’s net worth is an estimated $250 million, according to Celebrity Net Worth.

window.addEventListener(‘load’, function() {
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,’script’,’

fbq(‘init’, ‘1098588566942656’);
fbq(‘set’,’agent’,’tmgoogletagmanager’, ‘1098588566942656’);
fbq(‘track’, “PageView”);
});

Source link

Continue Reading

Entrepreneurship

8 Practical Tips to Maximize Efficiency in Real Estate Investing

Published

on

The real estate world is highly competitive, so those who pursue real estate investing must work hard to stay on top of their game. News events, market shifts, financial technology, and a host of outside factors can change the investment terrain seemingly overnight.

Real estate investing also offers investors tax benefits. Investors can take advantage of depreciation deductions and capital gains exemptions, which can provide a significant tax advantage. Additionally, investors can use a 1031 exchange to defer capital gains taxes on the sale of a property by investing the proceeds in a new property.

Done right, real estate investing can be (and often is) an incredibly lucrative endeavor. However, making a career in real estate sustainable and consistently profitable is also a complex and time-consuming process. Maximizing your efficiency is essential to ensure you get the most out of your investments, especially if you are working as a team of one.

Listed below are eight practical tips to help you do just that. These tips will help you get the most out of your real estate investments, from creating a well-defined investment strategy to taking advantage of automation tools.

Whether your preferred niche is in the residential market, wholesale real estate, property management, or elsewhere, adhering to these guidelines will help you save time and make more informed decisions to maximize your returns.

1. Develop a well-defined investment strategy

Investment strategies are the blueprints for your real estate ventures and are crucial for maximizing efficiency. Before investing in any property, you must have a well-defined investment strategy.

In what kind of properties do you want to invest? What is your target return on investment (ROI)? What are the acquisition costs? How much cash flow do you expect from each property? Answering these questions will help you better define your investment strategy and make better decisions in the long term.

If you’re just getting started with real estate investing, start by building a property finder. In the property finder, list all the types of properties you want to invest in and the reasons why. By doing this upfront, you’ll save time when looking for deals later on since you’ll know exactly what you’re hoping to find.

2. Utilize automation tools

Automation is one of the best ways to save time while investing in real estate. Whether researching properties, managing your finances, or scheduling meetings, automation tools can make your life much easier.

One of the best ways to save time while investing in real estate is to automate your financial processes. If you’re managing all of your own finances, you’ll want to find ways to automate as many tasks as possible. Targets for automation include routines like paying bills, tracking your spending, and setting up automatic transfers to your savings account. These tasks can be extremely time-consuming, especially if you manage more than one investment property.

If you’re managing more than one property, you’ll want to automate as many financial processes as possible to save time. For example, you can set up automatic bill pay to pay all your expenses, such as property taxes and maintenance fees, consistently.

3. Leverage market research data

When it comes to real estate investing, the amount of data you have at your disposal can make a huge difference. You need access to the correct data to make the best decisions when investing in real estate.

You can tap many different sources when it comes to market research data. One of the best market data sources is the National Association of Realtors’ Market Data section. Here, you’ll find a wide variety of data, such as average home prices, inventory data, and historical market trends.

For data on a specific city or neighborhood, sites like Trulia and Zillow can help you find what you’re seeking. These sites offer tons of data, such as average home prices and rental rates, and can make it much easier to make informed decisions.

4. Network with other real estate investors

While it may seem like you’re competing against other real estate investors, it’s also essential to network with them. By networking with other real estate investors, you can gain access to deals that may otherwise be off-limits to you.

In addition, you’ll likely find other real estate investors who are also trying to discover great deals. Working together with other real estate investors is a great way to pool resources, share information, and get access to deals you may have yet to see on your own.

Real estate investors can also partner with other investors or developers to invest in larger projects. Partnerships are a great way to gain access to larger investments with lower levels of risk. Investors can also invest in real estate investment trusts (REITs), which allow them to invest in large-scale properties without having to manage them directly.

While there are plenty of online groups for real estate investors, nothing beats the value of networking in-person. If you’re interested in meeting other real estate investors, join your local REIA chapter, attend meetups, and find different ways to connect with like-minded individuals.

Networking has its pitfalls, though. The real estate market has a reputation for volatility, and any alliances you form could cause regret later on. Assuming you’ve clearly defined your goals, it will become much easier to identify partnerships that make sense for your long-term objectives. Similarly, you’ll develop a keen sense of when to walk away.

5. Focus on finding great deals

Real estate investing is an incredibly competitive industry, and finding a “great deal” is one of the most critical aspects of the process. You’ll want to take advantage of different resources, such as the MLS, to find these great deals.

When looking for deals, it’s essential to be as efficient as possible. Instead of browsing through every property listed in the MLS, use different filters and search criteria to narrow down your options.

For example, you can search properties with low equity or cash-flow properties to find deals that are likely to close quickly. While searching for deals, it’s important to remember that not all of these opportunities are created equal.

6. Outsource tasks that don’t require your expertise

Depending on your investment strategy, you may come across tasks that don’t require your expertise. For example, you may need to hire a property management company to manage your rental properties, or you may need to hire an attorney to help you close on a property.

While these tasks are necessary for real estate investing, they can be competently accomplished without your expertise. As such, you should outsource these tasks to specialists who are more qualified than you.

For example, property management companies have access to plenty of data that helps them make better decisions, such as average rental and tenant turnover rates. By outsourcing these tasks, you’ll save time and get access to data and expertise that you don’t have.

7. Take advantage of real estate software

Real estate investors are a data-driven bunch, so it’s no surprise that many rely on real estate software. Real estate software allows you to manage all aspects of your business, including tracking your finances, managing your team, and finding new deals. Plenty of different real estate software solutions are available, so it’s crucial to find one that best fits your needs.

When selecting real estate software, ensure it’s compatible with your devices, such as your phone or computer. It’s also a good idea to choose a real estate software solution that integrates with other tools you use, such as Google Sheets or accounting software, such as QuickBooks. Selecting a real estate software solution that integrates with other devices can save time by automating some of your processes.

8. Set clear goals and objectives

As with any other business venture, it’s vital to set clear goals and objectives with real estate. If you don’t know where you’re going, it’s almost impossible to get there. By setting goals and objectives, you’ll be able to make better decisions, reduce risk, and increase ROI.

When you start investing in real estate, you’ll have all sorts of ideas about what you want to achieve. With so many goals to achieve, it can be challenging to stay focused and make progress. By creating a checklist, you can easily keep track of all your goals and see how close you are to achieving them. Checklists are also a great way to stay focused and help you keep track of all the things you need to do by a specific date.

As you embark on your real estate adventure, keep a recurring reminder in your calendar software to chart progress and revisit your initial work. The real estate market is in a constant state of flux. Interest rates, market upswings (or downturns), new technological advancements, and a veritable legion of other factors outside your control ebb and flow. Even just six months ago, what seemed like a great idea may no longer be appealing to you or unprofitable.

Overall, real estate investment offers a variety of opportunities for investors. From buying and selling property to financing businesses and generating passive income, real estate investing can provide a steady income for those willing to commit to a strategic plan. With the right resources and a sound investment strategy, real estate investing can be a great way to generate wealth.

Featured Image Credit: Pixabay; Pexels; Thank you!

The post 8 Practical Tips to Maximize Efficiency in Real Estate Investing appeared first on Calendar.

window.addEventListener(‘load’, function() {
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,’script’,’

fbq(‘init’, ‘1098588566942656’);
fbq(‘set’,’agent’,’tmgoogletagmanager’, ‘1098588566942656’);
fbq(‘track’, “PageView”);
});

Source link

Continue Reading

Entrepreneurship

3 Ways to Boost Confidence

Published

on

“As a business owner, you’re going to face all sorts of challenges,” says business development consultant and Entrepreneur magazine writer Terry Rice. “But a lack of confidence will tank your chances of success faster than any real obstacle.”

So how do you shake off imposter syndrome when you’re attempting something new? Here are three ways to boost your confidence.

1. Realize confidence comes from past experiences, not pep talks. You don’t need motivational posters to remind yourself about what you can do. Jot down ten challenges that you’ve already won. Keep this list handy to remind yourself of what you’ve already accomplished and why you can take on new challenges.

2. Stop worrying about other people’s opinions. Most people are either rooting for you or ignoring you, so just focus on getting 1% better every day.

3. Learn to see failure as data. Think of every project, pitch, or sales call as an experiment. You’re testing something out, and if it works, great. If not, you’ve learned something and can improve your approach going forward.

Related: 60-Second Tip on Getting More Productive

window.addEventListener(‘load’, function() {
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,’script’,’

fbq(‘init’, ‘1098588566942656’);
fbq(‘set’,’agent’,’tmgoogletagmanager’, ‘1098588566942656’);
fbq(‘track’, “PageView”);
});

Source link

Continue Reading

Trending

%d bloggers like this: