NXP Shares Decline After Automotive Chip Sales Remain Sluggish
Revenue fell 6% to $2.93 billion in the period, the Dutch chipmaker said in a statement on Monday. The sales were roughly in line with analysts' estimates, according to data compiled by Bloomberg.
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3 Dividend Stocks With 100+ Years of History and Sky-High Growth
It's a common stock market adage that 'past performance is not indicative of future results,' but I find it funny that past performance is how we often decide if an investment is worth our time and money. And although there is some truth in that saying - remember, everything requires nuance - I still believe that dividend stocks with strong operational histories and a track record of rewarding shareholders offer some of the best long-term investments we can find. More News from Barchart This High-Yield Dividend Stock (8.3%) Has Analysts Saying 'Strong Buy' — Should You? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! So, today, I'm taking a look at some of the best dividend (and dividend growth) stocks available right now, with the fun little twist of only including the companies that have operated for more than a century. How I Came Up With The Following Stocks To get today's list, I used Barchart's Stock Screener to find stocks that pay dividends and have the following current attributes: Dividend Payout Ratio: 25% to 60%. The portion of the company's earnings that is used to pay out dividends. The medium range (25% to 60%) is neither too high to stifle the company's reinvestment plans nor too low for the dividends not to be considered 'too small.' Market Cap: $100 billion and above. Bigger companies (especially if they've been big for a long time) have more longevity - and likely have better chances of surviving economic shocks. 5-year Dividend Growth Rate: 50% or more. A 50% growth rate is considered extremely high, but some companies want to keep their shareholders happy. Number of Analysts and Current Analyst Rating: 12 or more, Strong Buy only. This filters the list to top-shelf companies that Wall Street likes currently. Annual Dividend Yield: Left blank. With these filters set, I ran the screen and got 11 companies: I then arranged the results from highest to lowest dividend yield and selected the top three. Then, I checked if the companies had been in operation for more than 100 years (including mergers), and they have. So, let's start with number one: ConocoPhillips (COP) ConocoPhillips is one of the world's largest independent exploration and production companies. The company focuses on discovering and producing oil, natural gas, and natural gas liquids across six global regions: the contiguous United States (Lower 48), Europe, the Middle East & North Africa, Alaska, Canada, and other international locations. ConocoPhillips can trace its origins back to 1875 with the founding of the Continental Oil and Transportation Company, so it's fair to say that it has endured a great deal to remain operational today. Good news for dividend investors, too, as the company has paid quarterly dividends regularly since 2002. The current forward annual payout is $3.12, which translates to a ~3.43% yield. This strong yield is supported by a relatively low payout ratio (39.86%) and the highest 5-year dividend growth ratio (132.84%) on this list. And while we're at it, I should also mention that it has the highest average analyst rating at 4.58. Bank of America (BAC) Bank of America is one of the largest financial institutions in the world, offering a comprehensive range of services that include personal banking, small business lending, wealth management, corporate lending, and investment banking. The company operates in 35 countries, serves over 69 million clients in the U.S. alone, and manages $4.2 trillion in its wealth management business. Like with ConocoPhillips, Bank of America's roots date back over a hundred years to 1904, when it was first established as Bank of Italy (in California). Today, Bank of America pays $1.04 per share, per year, reflecting around a 2.19% yield. Of the three on this list, BAC has the lowest payout ratio at 28.04% and the lowest 5-year dividend growth at 51.52%. However, a 50% dividend growth rate is already exceptional, and the low payout ratio simply gives BAC more room to increase its dividends in the future. Abbott Laboratories (ABT) Last but certainly not least on this list is Abbott Laboratories, the global healthcare juggernaut that operates in over 160 countries and territories. Abbott frequently comes up in many of my 'best dividend stocks' lists over the years - and for good reason. It has been recognized as the most profitable healthcare stock in the U.S. and is both a Dividend Aristocrat and a Dividend King, with 53 consecutive years of dividend increases. A quick look at the price graph above supports these claims nicely. Unlike the other two companies, Abbott was named Abbott Alkaloidal Company right from the get-go in 1888 and had not undergone any significant mergers that changed its identity or formed a new entity in any way. Abbott currently pays 59 cents quarterly, which translates to a $2.36 per year on a forward basis and translates to around a 1.89% yield. It also maintains a healthy payout ratio of 46.38% and has increased dividends by 71.88% over the last five years. Final Thoughts Sometimes, it pays to research a company's history to see if it's a good fit for your investment thesis. These long-term, long-living choices may just be what you're looking for to add to your retirement portfolio. On the date of publication, Rick Orford did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
Yahoo
16 minutes ago
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Another round of US-China talks will start next week in Sweden: Bessent
Treasury Secretary Scott Bessent announced Tuesday that a third round of trade talks with China are now scheduled and will commence next week in Sweden, with the goal of delaying a deadline next month that has threatened to see tariffs rise between the world's two largest economies. 'I'm going to be in Stockholm on Monday and Tuesday with my Chinese counterparts and we'll be working out what is likely an extension then,' Bessent said Tuesday morning during an appearance with Fox Business's Maria Bartiromo. The confirmation of a meeting — following talks in Geneva and then London earlier this year — comes ahead of an Aug. 12 deadline when a pause on tariffs between China and the US is scheduled to expire. Lessening tensions between the two nations appear to have boosted markets. Bessent used the appearance Tuesday morning to reiterate his message that markets should be confident that a new round of tensions with China are not in the offing, suggesting that his focus during the coming talks will be on increasing Chinese demand for US products. He said that China can become a bigger importer as American output increases, saying 'if we could do that together: we do more manufacturing, they do more consumption that would be a home run for the global economy.' Other issues that will be on the table, Bessent added, could be topics like China's consumption of Russian and Iranian oil (which Trump has promised to sanction) as well as the war in Ukraine. Next week's meeting could also set the stage for a meeting between Presidents Trump and Xi Jinping later this year. Bessent added Tuesday that trade talks are proceeding on other fronts around the globe, promising 'a rash of trade deals in the coming days' before an August 1 deadline for other nations. The promise there comes as other trading partners — from the European Union to Brazil to India — have said in recent days that they continued to negotiate while offering signals they are preparing for a possibility of Aug. 1 arriving without a deal. The European Union has even been making plans for retaliation — which could include new tariffs on an array of US goods. Yet much of the market focus in recent weeks has been on China and the lessening tensions there helping investors to pushing prices upwards. A recent reversal from the White House where Trump's team acceded to Chinese requests to allow Nvidia (NVDA) to resume sales of its H20 artificial intelligence chip has only increased confidence that a thaw is in the offing for now. Ben Werschkul is a Washington correspondent for Yahoo Finance. Click here for political news related to business and money policies that will shape tomorrow's stock prices 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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Greenpeace hails Italy court ruling allowing climate lawsuit against energy company ENI to go ahead
ROME (AP) — Italy's highest court has ruled that a lawsuit brought by climate activists against Italian energy company ENI and its government shareholders can go ahead, in what Greenpeace said on Tuesday was a victory for efforts to pursue climate justice in Italy. In an ordinance released on Monday, the Court of Cassation rejected ENI's motions to dismiss the lawsuit on jurisdictional grounds and ordered the case to be heard on its merits by a Rome tribunal. ENI, for its part, said that it was greatly satisfied with the decision, and it expected that the Rome court would ultimately 'dismantle' the climate activists' claims of responsibility. Greenpeace, environmental group ReCommon and a dozen Italian citizens had sued ENI and its two main government shareholders, the Italian finance ministry and development bank, in 2023 seeking damages for what they said were the effects of climate change. The plaintiffs cited their fundamental rights enshrined in the European Convention of Human Rights, as well as Italy's ratification of various international climate accords and ENI's stated commitment to reaching climate reduction targets. ENI and the government sought to dismiss the suit on jurisdictional and other grounds, but the Cassation court ruled that the case could go ahead. For more than a century, scientists have known that large quantities of greenhouse gases, released from the burning of fossil fuels, go up into the atmosphere and heat the planet, leading to higher temperatures, rising sea levels and extreme weather events that are both more frequent and more intense. Around the world in recent years, individuals, climate activist groups and local governments have sued energy companies and governments to try to force them to take concrete action to curb greenhouse gas emissions and compensate for losses associated with climate change. Greenpeace and ReCommon called the ruling historic, saying it would impact current and future climate-related litigation in Italy. They say it brings Italian courts in line with other European countries that have recognized the rights of people to try to hold fossil fuel companies accountable for global warming through lawsuits, and called the ruling itself one of the most significant in climate change litigation internationally. 'No one, not even a colossus like ENI, can escape its responsibilities anymore,' the two groups said in a statement. 'Judges will finally be able to examine the merits of our case: those who pollute and contribute to the climate crisis must answer for their actions.' ENI said that it welcomed the ruling. 'The proceedings can finally resume before the Court of Rome, where the unfounded theories put forward by Greenpeace and ReCommon regarding the alleged responsibility of Eni for climate change-related damages will be dismantled, in a context that is rigorous and respectful of the law, rather than driven by the instrumental, unfounded, and often misleading slogans of the two associations,' ENI said in a statement. While the ruling doesn't enter into the merits of the case, Greenpeace and Recommon highlighted the judges' determination that Italian courts can have jurisdiction over claims about emissions by ENI subsidiaries in foreign countries, since in this case, harm allegedly occurred in Italy and decisions were made by the Italy-based parent company. Nicole Winfield, The Associated Press Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
