Honestly, even one would have been big news.  But just a couple of weeks ago, in a single day, two U.S.-listed high-yielding companies moved to either significantly reduce or eliminate their dividends.  Both are from industries income investors traditionally flock to, and both stocks dropped sharply on the news.  On August 3, large-cap Israel-based Teva Pharmaceuticals (NYSE: TEVA) announced a 75% cut to its dividend payment. Afterward, the stock lost 44% of its market value in just five days. There is no doubt in my mind that the dividend cut was a major culprit.  Then there’s the much smaller rural… Read More

Honestly, even one would have been big news.  But just a couple of weeks ago, in a single day, two U.S.-listed high-yielding companies moved to either significantly reduce or eliminate their dividends.  Both are from industries income investors traditionally flock to, and both stocks dropped sharply on the news.  On August 3, large-cap Israel-based Teva Pharmaceuticals (NYSE: TEVA) announced a 75% cut to its dividend payment. Afterward, the stock lost 44% of its market value in just five days. There is no doubt in my mind that the dividend cut was a major culprit.  Then there’s the much smaller rural telecom company Windstream Holdings (NYSE: WIN). This former high-yield darling is high-yield no more. Indeed, this company does not even qualify for a “yield” tag now. On August 3, Windstream announced that it would be eliminating its dividend. Naturally, the shares plunged. As I write this, WIN is down more than 75% year-over-year, with 45% of its fall coming in the five days since the announcement.  —Recommended Link— Don’t Hate The Rich, Join Them! Too many people go through life envying the rich and their lavish lifestyles. But what if you could join them? Recently, a group of millionaires and… Read More

Recently my team and I have been telling my readers about a quiet revolution that’s taking place thanks to eccentric billionaire Elon Musk and his band of scientists at Tesla Motors (Nasdaq: TSLA). You see, for years they’ve been working feverishly at their lab in Fremont, California on a battery that could provide enough energy to power a house. Last year, news came along that they’d finally broken through. And now, for the first time in decades, we could see the entire utility sector turned on its head as a result — leading to massive gains for early investors. As… Read More

Recently my team and I have been telling my readers about a quiet revolution that’s taking place thanks to eccentric billionaire Elon Musk and his band of scientists at Tesla Motors (Nasdaq: TSLA). You see, for years they’ve been working feverishly at their lab in Fremont, California on a battery that could provide enough energy to power a house. Last year, news came along that they’d finally broken through. And now, for the first time in decades, we could see the entire utility sector turned on its head as a result — leading to massive gains for early investors. As you can see, Tesla’s battery storage device looks nothing like your old-fashioned AA battery. It’s a sleek, compact unit that you can mount on the wall in your garage. One single, stand-alone unit delivers enough power to take an entire home completely off the grid. Simply charge it with a solar panel, windmill or any other power source, and you’ve got all the energy you need. Thanks to Tesla, the world is about to see that an energy sea-change has been quietly unfolding before their eyes for several years now. And many of the world’s greatest investors are… Read More