Opendoor Postpones Shareholder Vote After Meme-Stock Rally Helps Delay Delisting Risk
Opendoor had previously scheduled a special meeting for Monday after Nasdaq Inc. notified the company in May that it could be delisted for failing to maintain a stock price of $1 or more.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Luxchem Corporation Berhad (KLSE:LUXCHEM) Stock Goes Ex-Dividend In Just Three Days
Luxchem Corporation Berhad (KLSE:LUXCHEM) is about to trade ex-dividend in the next three 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. The ex-dividend date is important as the process of settlement involves at least two full business days. So if you miss that date, you would not show up on the company's books on the record date. Thus, you can purchase Luxchem Corporation Berhad's shares before the 7th of August in order to receive the dividend, which the company will pay on the 29th of August. The company's next dividend payment will be RM00.007 per share, and in the last 12 months, the company paid a total of RM0.014 per share. Looking at the last 12 months of distributions, Luxchem Corporation Berhad has a trailing yield of approximately 3.3% on its current stock price of RM00.42. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether Luxchem Corporation Berhad can afford its dividend, and if the dividend could grow. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. 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. That's why it's good to see Luxchem Corporation Berhad paying out a modest 42% of its earnings. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. It paid out more than half (63%) of its free cash flow in the past year, which is within an average range for most companies. It's positive to see that Luxchem Corporation Berhad's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. View our latest analysis for Luxchem Corporation Berhad Click here to see how much of its profit Luxchem Corporation Berhad paid out over the last 12 months. Have Earnings And Dividends Been Growing? Companies that aren't growing their earnings can still be valuable, but it is even more important to assess the sustainability of the dividend if it looks like the company will struggle to grow. 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 explains why we're not overly excited about Luxchem Corporation Berhad's flat earnings over the past five years. It's better than seeing them drop, certainly, but over the long term, all of the best dividend stocks are able to meaningfully grow their earnings per share. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Luxchem Corporation Berhad has delivered an average of 0.5% per year annual increase in its dividend, based on the past 10 years of dividend payments. Final Takeaway Should investors buy Luxchem Corporation Berhad for the upcoming dividend? Earnings per share are down very slightly in recent times, and Luxchem Corporation Berhad paid out less half its profit and more than half its cash flow as dividends, which is not the worst combination but could be better. To summarise, Luxchem Corporation Berhad looks okay on this analysis, although it doesn't appear a stand-out opportunity. If you're not too concerned about Luxchem Corporation Berhad's ability to pay dividends, you should still be mindful of some of the other risks that this business faces. For example, we've found 2 warning signs for Luxchem Corporation Berhad (1 is a bit concerning!) that deserve your attention before investing in the shares. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. 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. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
CBS News
15 minutes ago
- CBS News
Schools and counties begin to see payment delays as Pennsylvania's budget stalemate hits a month
Democratic Gov. Josh Shapiro's administration says billions of dollars in aid to Pennsylvania's schools and human services will be delayed, as he and the politically divided Legislature struggle to end what is now a monthlong budget stalemate. State-supported universities, libraries, early-childhood education programs and county health departments also will see delays in payments, Shapiro's administration said in letters sent Tuesday to providers. "I recognize this information is concerning, and it is equally concerning to both me and the governor," Budget Secretary Uri Monson said in the letters. "Our administration continues to work diligently to find agreement between the House and Senate and we will work to support you and your organization as you manage the current situation." Borrowing isn't widespread by counties and school districts to cover for late state payments, and some have reserves they can tap. But borrowing may grow if the stalemate drags well into August. Budget stalemates are also playing out in Michigan and North Carolina, where Democratic governors are sharing power with Republican legislators. Without the governor's signature on a new spending plan, the Pennsylvania state government lost some of its spending authority starting July 1. Pennsylvania school districts, which received more than $11 billion last year from the state for operations, will see delays on more than $2 billion in payments through August, Shapiro's administration said. District officials have said the poorest districts might have to borrow money if aid is delayed in August, and the Pennsylvania School Boards Association says the stalemate is causing districts to reconsider how they spend, such as leaving teaching positions unfilled or putting off purchases of student laptops. A school board's official, Andy Christ, said the state didn't reimburse districts for the cost of borrowing during past stalemates. Universities, such as Penn State and state-run system schools, will see delays on more than $200 million in aid, and counties will not get on-time payments of $390 million to child welfare agencies, the Shapiro administration said. The County Commissioners Association of Pennsylvania said its members are "growing more and more concerned about the consequences" of the stalemate, particularly on human services such as mental health counseling, child welfare, and drug and alcohol treatment. More than $100 million in payments to a range of other agencies, nonprofits and programs will also be delayed, according to the administration, and it said it cannot distribute money to early childhood education providers. For weeks, Shapiro and top Republican lawmakers have said they are engaged in closed-door discussions to try to find a compromise. The state House and Senate have not scheduled voting sessions for this week. The biggest issues for Republicans are curbing Shapiro's $51.5 billion spending proposal — driven by a massive increase in Medicaid costs — and their push to regulate and tax tens of thousands of slot-machine-like cash-paying "skill" games that are popping up everywhere. Top priorities for Shapiro and Democrats are boosting funding for public schools and public transit agencies. During a stalemate, the state is legally bound to make debt payments, cover Medicaid costs for millions of Pennsylvanians, issue unemployment compensation payments, keep prisons open and ensure state police are on patrol. All state employees under a governor's jurisdiction are typically expected to report to work and be paid as scheduled. Michigan's Democratic-controlled Senate and the Republican-controlled House of Representatives remain far apart on numerous proposals, including funding for schools and roads. The chambers' leaders have accused each other of refusing to negotiate. If lawmakers and Democratic Gov. Gretchen Whitmer don't pass a budget by the Oct. 1 start of the state's fiscal year, they risk a government shutdown. In North Carolina, where Republicans control the Legislature, a budget deal likely isn't expected until late August at the earliest. Teacher and state employee salary raises, tax cuts and eliminating vacant government positions have been among the leading differences in competing spending plans. State government is in no danger of a shutdown, and the Legislature sent Democratic Gov. Josh Stein a stopgap spending plan on Wednesday. ___ Associated Press reporters Gary D. Robertson in Raleigh, North Carolina, and Isabella Volmert in Lansing, Michigan, contributed. Follow Marc Levy on X at:
Wall Street Journal
15 minutes ago
- Wall Street Journal
The Economist Trump Targeted Over ‘Rigged' Jobs Data
About a year into her tenure as the head of the Bureau of Labor Statistics, Erika McEntarfer stood before the Atlanta Economics Club and laid out what she saw as two obstacles to her job producing the government's economic data: the cost of doing that work was rising, and the number of people responding to surveys was declining. The bureau, she said, would aim to modernize and keep going. 'If we succeed, the U.S. can continue to have this rich set of economic data,' she told the group.
