Tesla Shareholders Press Board to Schedule Annual Meeting
On Wednesday, a group of 27 shareholders called on Tesla's board of directors to get the yearly meeting on the books, saying that if that didn't happen by July 13, the company would be out of compliance.
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Boustead Singapore (SGX:F9D) Could Be A Buy For Its Upcoming Dividend
Boustead Singapore Limited (SGX:F9D) stock is about to trade ex-dividend in 3 days. The ex-dividend date generally occurs two days before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. In other words, investors can purchase Boustead Singapore's shares before the 8th of August in order to be eligible for the dividend, which will be paid on the 26th of September. The company's next dividend payment will be S$0.06 per share. Last year, in total, the company distributed S$0.055 to shareholders. Last year's total dividend payments show that Boustead Singapore has a trailing yield of 3.5% on the current share price of S$1.58. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Boustead Singapore paid out a comfortable 28% of its profit last year. A useful secondary check can be to evaluate whether Boustead Singapore generated enough free cash flow to afford its dividend. Luckily it paid out just 20% of its free cash flow last year. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. See our latest analysis for Boustead Singapore Click here to see how much of its profit Boustead Singapore paid out over the last 12 months. Have Earnings And Dividends Been Growing? Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. That's why it's comforting to see Boustead Singapore's earnings have been skyrocketing, up 25% per annum for the past five years. Boustead Singapore is paying out less than half its earnings and cash flow, while simultaneously growing earnings per share at a rapid clip. Companies with growing earnings and low payout ratios are often the best long-term dividend stocks, as the company can both grow its earnings and increase the percentage of earnings that it pays out, essentially multiplying the dividend. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Boustead Singapore has delivered 3.2% dividend growth per year on average over the past 10 years. Earnings per share have been growing much quicker than dividends, potentially because Boustead Singapore is keeping back more of its profits to grow the business. To Sum It Up Is Boustead Singapore worth buying for its dividend? It's great that Boustead Singapore is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. It's disappointing to see the dividend has been cut at least once in the past, but as things stand now, the low payout ratio suggests a conservative approach to dividends, which we like. Overall we think this is an attractive combination and worthy of further research. In light of that, while Boustead Singapore has an appealing dividend, it's worth knowing the risks involved with this stock. For example, we've found 2 warning signs for Boustead Singapore that we recommend you consider before investing in the business. Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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5 Ways Trump Signing the GENIUS Act Could Impact Retirees
On July 18, President Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law. Read More: Consider This: The GENIUS Act established regulations for stablecoins: cryptocurrencies pegged to 'stable' assets such as the U.S. dollar. It specified 'permitted payment stablecoin issuers' including both banks and nonbank entities. The law also clarified reserve requirements — the underlying assets held in reserve by the issuer to back the stablecoins, such as U.S. dollars or Treasury bills. So, how might the GENIUS Act impact retirees? Potential for Yield Some stablecoins are designed to generate a yield, despite being spendable like cash. That yield could come from the underlying reserve asset, or from lending out the underlying asset. 'For retirees, stablecoins could offer higher-yielding, low-volatility cash instruments,' explained David Materazzi, CEO of Galileo FX. 'In effect, owners could get the performance of a money market fund with something as spendable as cash. That makes holding liquidity more rewarding without increasing exposure to risk assets.' I Asked ChatGPT What Trump's 'Big Beautiful Bill' Means for Retirees' Taxes: Faster and Cheaper International Payments Owners can transfer stablecoins internationally for pennies, and near-instant speeds. That could make life far easier for family members to support one another across borders and currencies. Magnus Larsson, founder of fintech company MAJORITY, sees huge advantages for international transfers. 'Stablecoins, when properly backed and transparent, offer a more efficient way to move money globally without the delays and fees traditional systems impose, transforming money movement much like VoIP transformed telecom.' Estate Planning Through Smart Contracts Cryptocurrencies allow for smart contracts, in which the owner can set up self-executing orders within the blockchain technology. In other words, owners can set up automated transfers within the cryptocurrency itself — without needing a human intermediary such as a trustee. 'Smart contracts allow more transparent and controlled gifting, even from beyond the grave,' noted financial planner Christina Lynn of Mariner Wealth Advisors. 'While this remains speculative, regulated stablecoins could someday support innovative estate planning tools that automate distributions to beneficiaries and reduce traditional trust administration costs.' High Transparency Means No Privacy Blockchain technology stores every transaction in its history. That transparency is useful, but it also makes the owner's spending public. 'Every transaction becomes traceable, timestamped and stored,' observed Materazzi. 'Retirees used to cash will lose financial privacy entirely. If stablecoins become the default for Social Security or Medicare reimbursements, then spending data becomes a public-private asset.' Risk of Platform Failure Nonbank entities can now issue stablecoins — without being FDIC-insured. Crypto exchanges have failed in the past, or suffered theft. Remember the Mt. Gox heist in 2014? Hackers made off with 850,000 Bitcoins — worth over $100 billion today. Retirement planning counselor Jake Falcon of Falcon Wealth Advisors sees huge risk among issuers. 'Without FDIC insurance or SIPC protections, losses could be permanent,' he said. 'Allowing nonbank entities to issue digital currencies without uniform oversight could echo the 19th-century wildcat banking era, where unregulated banks issued their own notes, often leading to collapse.' Stablecoins offer both opportunities and risks to retirees. Proceed with caution after speaking with your financial advisor. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Here's the Minimum Salary Required To Be Considered Upper Class in 2025 Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy This article originally appeared on 5 Ways Trump Signing the GENIUS Act Could Impact Retirees Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Asia shares sideswiped by US economic jitters, oil slips
By Wayne Cole SYDNEY (Reuters) -Asian share markets followed Wall Street lower on Monday as fears for the U.S. economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar. Some early resilience in U.S. stock futures and a continued retreat in oil prices did help limit the losses, but the bleak message from the July payrolls report was hard to ignore. Not only had revisions meant payrolls were 290,000 below where investors had thought they would be, but the three-month average slowed to just 35,000 from 231,000 at the start of the year. "The report brings payroll growth closer in line with big data indicators of job gains and the broader growth dataset, both of which have slowed significantly in recent months," noted analysts at Goldman Sachs. "Taken together, the economic data confirm our view that the U.S. economy is growing at a below-potential pace." Neither did the reaction of President Donald Trump instil confidence, as the firing of the head of Labor Statistics threatened to undermine confidence in U.S. economic data. Likewise, news that Trump would get to fill a governorship position at the Federal Reserve early added to worries about the politicisation of interest rate policy. Analysts assume the appointee will be loyal to Trump alone, though the president did grudgingly concede that Fed Chair Jerome Powell would likely see out his term. "It opens the prospect of broader support on the Fed Board for lower rates sooner rather than later," said Ray Attrill, head of FX research at NAB. "Fed credibility, and the veracity of the statistics on which they base their policy decisions, are both now under the spotlight." Markets moved quickly to price in a lot more easing with the probability of a September rate cut swinging to 90%, from 40% before the jobs report. Futures extended the rally on Monday to imply 65 basis points of easing by year-end, compared to 33 basis points pre-data. Markets have essentially already eased for the Fed with two-year Treasury yields down another 4 basis points at 3.661%. They tumbled almost 25 basis points on Friday in the biggest one-day drop since August last year. DOLLAR DENTED The prospect of lower borrowing costs offered some support for equities and S&P 500 futures inched up 0.1%, while Nasdaq futures rose 0.2%. Asian share markets, however, were still catching up with Friday's retreat and the Nikkei fell 2.1%, while South Korea dipped 0.2%. MSCI's broadest index of Asia-Pacific shares outside Japan broke the mould and firmed 0.3%. Wall Street has also taken comfort in an upbeat results season. Around two-thirds of the S&P 500 have reported and 63% have beaten forecasts. Earnings growth is estimated at 9.8%, up from 5.8% at the start of July. Companies reporting this week include Disney, McDonald's, Caterpillar and some of the large pharmaceutical groups. The dismal U.S. jobs data did put a dent in the dollar's crown of exceptionalism, snuffing out what had been a promising rally for the currency. The dollar dipped 0.1% to 147.24 yen, having shed an eye-watering 2.3% on Friday, while the euro stood at $1.1585 after bouncing 1.5% on Friday. The dollar index was pinned at 98.659, having been toppled from last week's top of 100.250. Sterling was more restrained at $1.3287 as markets are 87% priced for the Bank of England to cut rates by a quarter point at a meeting on Thursday. The BoE board itself is expected to remain split on easing, while markets still favour two further cuts by the middle of next year. In commodity markets, gold was flat at $3,361 an ounce, having climbed more than 2% on Friday. [GOL/] Oil prices extended their latest slide as OPEC+ agreed to another large rise in output for September, which completely reverses last year's cuts of 2.2 million barrels per day. [O/R] Brent dropped 0.6% to $69.24 a barrel, while U.S. crude also fell 0.6% to $66.93 per barrel. Sign in to access your portfolio
