ThomsonReuters

APRIL 21, 2022

ANSWER: In the past (generally, distributions prior to 2020), plans could use either of two standards for determining whether a hardship distribution was necessary: a safe harbor standard or a “non-safe harbor” standard. For distributions made on or after January 1, 2020, there is only one—relatively simple—standard.

Dividends 97

Dividends 97

Musings on Markets

JANUARY 19, 2022

If equity markets surprised us with their resilience in 2020, not just weathering a pandemic for the ages, but prospering in its midst, US equity markets, in particular, managed to find light even in the darkest news stories, and continued their rise through 2021. The year that was.

Risk Premium 80

Risk Premium Risk-free Rate Start-ups Equity 80

Valutico

MARCH 28, 2023

As of now, UBS is offering a dividend of USD 0.55 per common stock, with a dividend yield of 2.70%. Share Price Performance Between February 2018 and February 2020, UBS saw a decline of over 35% in its share price due to weaker profits, which worsened during the pandemic. and a CET1 leverage ratio of 4.42%.

Banking 52

Banking Dividends Equity Marketability 52

Andrew Stolz

JANUARY 17, 2022

Value play with strong dividend growth potential. As a comparison, in 2020, Volvo delivered 4,500 trucks to China. Net assets have fallen in 2020 after selling UD truck segment to Isuzu Motors. In 2020, its net-debt to equity ratio stood at 0.9x. I expect dividend yield over the near-term to range between 2.5-3.5%.

Marketability 52

Marketability Dividends Net Debt Start-ups 52

Reynolds Holding

DECEMBER 10, 2023

As a capital allocation decision, share buybacks intersect all three of the main corporate finance activities of investing, financing, and dividends [1]. 5] 68% of ASR’s have no price cap or collar- Chen, Kai, Press release management around accelerated share repurchases (April 7, 2020).

Dividends 45

Dividends Total Shareholder Return Corporate Finance Finance 45

Andrew Stolz

JANUARY 24, 2022

Strong years ahead lead to attractive dividend yields. Equinor’s revenue breakdown 2020. In 2021, renewable CAPEX made up 12% of its total CAPEX, compared to 4% in 2020. Strong years ahead lead to attractive dividend yields. I also expect a strong increase in dividends over next 3 years. Ratios – Equinor.

Dividends 52

Dividends Start-ups Business Valuation Marketability 52

Musings on Markets

MAY 7, 2023

The first was that banks were run by sensible people , who paid out what they could afford to in dividends, neither holding back on paying dividends nor paying too much in dividends. Note the differences between the bank FCFE and bank dividend discount models.

Banking 63

Banking Price to Book Dividends Book Value 63

GCF Value

SEPTEMBER 28, 2022

In basic terms, you value a company with two variables, (1) cash flow to the owner (dividends to the investor), and (2) a required rate of return based on the risk of that investment. 2020 = 2.94 (64 comps). Cash Flow and 2020. Or would you lower it by giving some weight to 2020? Basic Valuation Methodology.

Comps 52

Comps Dividends Appraisal Marketability 52

Andrew Stolz

JANUARY 28, 2022

Attractive dividend yield could rise to 2x Japanese average. Idemitsu Kosan’s revenue breakdown 2020. Attractive dividend yield could rise to 2x Japanese average. In the past share, the company has increased its dividend per share and is likely to maintain that level. Ramp-up of CAPEX necessary to ensure longevity.

Dividends 52

Dividends Risk-free Rate Net Debt Equity 52

Valutico

MARCH 20, 2023

They announced a 50% dividend payout ratio projected for 2023 and 2024 as well as a return to quarterly dividends from Q1 this year. HSBC is also planning a special dividend of $0.21 to be paid in Q1 once the Canada disposal is completed as well as additional share buybacks.

Dividends 52

Dividends Banking Equity Market Capitalization 52

Brian DeChesare

JANUARY 3, 2024

However, I still outperformed because I made small bets on risky assets that did extremely well and were meaningful percentages of my total assets: I bought Bitcoin for under $1,000 in 2013 and under $10,000 in 2020 and sold it for $30,000 to $50,000 in 2021 – 2022. But my real estate investment funds were down ~10% , which hurt.

Marketability 59

Marketability Start-ups Equity Dividends 59

Andrew Stolz

JANUARY 16, 2022

Share repurchases and dividends. The dividend yield could return to 5% in 2022. Strong operating cash flow allows the company to pay out dividends which are in line with its pre-pandemic policy. We expect that the dividend yield over the near-term to range between 5-6% like in 2019 and 2020. Advancing ESG issues.

Dividends 52

Dividends EBIT Marketability Business Valuation 52

Andrew Stolz

APRIL 17, 2020

This is a Valuation Master Class student essay by Kontee Siravongtanawadi from January 16, 2020. Rather it is based on investors’ critical thinking, due diligence, and using methods that combine value and growth strategies such as Peter Lynch’s PEG and dividend adjusted-PEG ratios. However, the best investment strategy is neither.

Dividends 52

Dividends Discounted Cash Flow Start-ups Marketability 52

Andrew Stolz

NOVEMBER 21, 2021

In 2020, the Japanese gov’t announced the intention to ban gasoline-powered cars by 2030. Operating cash flows were not able to cover investing activities in 2020 and 2021. The company pays out dividends on a consistent basis. Dividend payout ratio is almost constant around 30%. Cash flow – Toyota. Ratios – Toyota.

Dividends 52

Dividends EBIT Treasury Equity 52

Andrew Stolz

FEBRUARY 10, 2022

First Gen’s revenue breakdown 2020. In 2020, the US-based investment company KKR acquired a 12.6% FGEN paid out stable and growing dividends. The small payout ratio of less than 15% still delivers a dividend yield of around 3%, which is above Philippine average. A pioneer in renewable energy should be future proof.

Dividends 52

Dividends Start-ups Marketability Business Valuation 52

Andrew Stolz

FEBRUARY 2, 2022

Attractive dividend yield could rise above 5%. Hon Hai’s revenue breakdown 2020. Attractive dividend yield could rise above 5%. Also, the dividend yield might be worth a look from an investor perspective. Valuation is attractive; dividend yield adds some good return on top of upside. Reputation damage (e.g.,

Dividends 52

Dividends Start-ups Marketability Technology 52

Andrew Stolz

JANUARY 20, 2022

The company focus on a constant payout ratio of 30% for dividends. Enhanced profit prospects could lead to a juicy dividend yield of 3.3% The company only recorded a drop of 4% in 2020 and 2% in 2021. Attractive dividend yield adds additional return. Recovery of ROIC is one of the management’s top priority. Conclusions.

Dividends 52

Dividends Business Valuation 52

Musings on Markets

NOVEMBER 9, 2021

My two most recent valuations were in June 2019 and January 2020, and I am going to go back to them, not just because they are recent, but because they led to investment decisions on my part. Between June 2019 and January 2020, the stock went on a tear, as the stock price more than tripled, and I revisited my Tesla valuation.

Start-ups 99

Start-ups Dividends Marketability Market Capitalization 99

Valutico

NOVEMBER 28, 2022

The company already paid over CHF 100 million in settlement in this matter in 2020. . ABB performed particularly well in the COVID years 2020-2021, almost doubling its share price during this period. At this level the dividend yield is 2.8%. . IPO of E-Mobility Division.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

NOVEMBER 28, 2022

The company already paid over CHF 100 million in settlement in this matter in 2020. . ABB performed particularly well in the COVID years 2020-2021, almost doubling its share price during this period. At this level the dividend yield is 2.8%. . IPO of E-Mobility Division.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Reynolds Holding

OCTOBER 10, 2022

trillion to buy back their shares, which is significantly more than these firms spent on dividend payments to their shareholders (Lazonick, Sakinç, and Hopkins, 2020). Nguyen, Vu, and Yin (2020) reveal a negative association between firms’ stock repurchases and innovation. Stock repurchases are also controversial. Lazonick, W.,

Finance 72

Finance Marketability Corporate Finance Dividends 72

Andrew Stolz

NOVEMBER 28, 2021

Tata will set up a new subsidiary in 2020, in its attempt to move forward EV. Given its losses over the past years, it did not pay out any dividends since 2016. We assume that there will be no dividends at least for the next 3 years. No dividend policy requires return generation from price. Cash flow – Tata Motors.

Dividends 52

Dividends EBIT Equity Business Valuation 52

Musings on Markets

SEPTEMBER 27, 2022

The table below the graph also backs up my point about the 2011-2020 time period being an outlier, in terms of inflation being low (with the average at 1.73%) and stable (with the standard deviation across the years of 0.81%).

Risk Premium 74

Risk Premium Treasury Start-ups Equity 74

Benzinga

FEBRUARY 15, 2023

per share cash dividend paid _ (1) A reconciliation of GAAP net income to Funds From Operations (FFO) is provided at the end of this press release. DIVIDEND SUMMARY On December 29, 2022, ROIC distributed a $0.15 per share cash dividend. On February 14, 2023, ROIC's board of directors declared a cash dividend of $0.15

Dividends 40

Dividends EBITDA Intangible Assets Equity 40

Farrel Fritz

APRIL 11, 2022

Stile’s Estate (the “Estate”) commenced suit in November 2020 seeking, among other relief in a fifteen-count complaint, dissolution, money damages, and a declaratory judgment stating that the Estate is a shareholder of C-Air. 30816[U], 9 [NY Sup Ct, New York County 2020]). In BML Properties Ltd. v China Const.

Dividends 52

Dividends 52

Andrew Stolz

JANUARY 25, 2022

PBF Energy’s revenue breakdown 2020. In 2020, PBF paid $350m to comply with environmental standards. Debt-to-equity ratio in 2020 stood at 2.9x Future cash flow proceeds serve debt repayments; don’t expect any dividends in near term. High oil price could offset gains from demand rebound. Balance sheet – PBF Energy.

Dividends 52

Dividends Compliance Equity Business Valuation 52

Reynolds Holding

AUGUST 2, 2023

trillion in 2020. trillion in 2020 from $22.8 energy intensity classification) We first measure COE using an implied COE estimate that relies on residual income and dividend-discounting valuation models. According to the Sustainable Investment Forum, the value of U.S. sustainable assets rose from $6.6 trillion in 2016.

Equity 40

Equity Equity Financing Specific Risk Dividends 40

Benzinga

JUNE 14, 2023

The Terminal was officially placed in-service and loaded its first vessel in July 2020. The Dividend Equivalent Payment will be made on the later of the closing date of the Transaction and the date the dividend is paid to holders of Common Shares. million barrels of crude oil across 20 tanks.

Dividends 40

Dividends Equity Finance EBITDA 40

Reynolds Holding

APRIL 25, 2022

In order to compel Ford Motor Company (FMC) to pay the special dividend demanded by the Dodge Brothers, the Michigan Supreme Court had to hold that Ford and FMC’s board abused their discretion by refusing to pay a dividend. 923, 937 (2020). [6] 983, 1016 (2011). [5] 5] Jonathan R. Macey, Corporate Law As Myth , 93 S. 6] Saule T.

Dividends 119

Dividends Banking Marketability 119

ThomsonReuters

NOVEMBER 10, 2020

On July 20, 2020, the U.S. These rules include not only the TCJA GILTI, but also the FDII and BEAT calculations as well as the legacy Subpart F, Foreign Dividends, and U.S. international outbound rules including the TCJA GILTI, FDII, and BEAT calculations and the legacy Subpart F, Foreign Dividends, and US FTC calculations.

Dividends 52

Dividends Treasury Start-ups Technology 52

Musings on Markets

OCTOBER 12, 2023

Even when you are successful in dissuading these companies from "bad" investments, but may not be able to stop them from returning the cash to shareholders as dividends and buybacks, rather than making "good" investments. trillion of cumulated enterprise value at fossil fuel companies.

Market Capitalization 82

Market Capitalization Enterprise Value Start-ups Marketability 82

Reynolds Holding

FEBRUARY 21, 2023

Activist Directors – Determinants Our research shows that activists are more likely to demand or acquire board representation if the firm has higher levels of institutional ownership, a smaller market capitalization, worse stock market performance, and, in particular, lower dividend payouts.

Dividends 72

Dividends Marketability EBITDA Market Capitalization 72

Reynolds Holding

JULY 7, 2022

On November 5, 2020, the Fund rolled out a tender offer for the price of 600 yen per share with the minimum purchase of 66.67% with a plan to squeeze out the rest of the shareholders thereafter. The Acquirer took back the tender offer by responding to the special dividend. 1210 yen less 300 yen of special dividend).

Dividends 45

Dividends Marketability 45

Chris Mercer

SEPTEMBER 2, 2022

I have focused on the changes and additions, which remain essentially unchanged in the 2020-2021 USPAP (the current version). ” The definition remains unchanged through 2020-2021 USPAP. I have discussed these changes and additions in numerous speeches and publications, including on this blog. ” We will see shortly.

Appraisal 52

Appraisal Intangible Assets Discounted Cash Flow Dividends 52

Benzinga

JULY 26, 2022

The $742 thousand increase in net interest income resulted from an $815 thousand, or 7%, increase in total interest and dividend income, which was partially offset by a $73 thousand, or 15%, increase in total interest expense. million, or 47%, increase in total interest and dividend income, while total interest expense was unchanged.

Banking 40

Banking Dividends Marketability Equity 40

Farrel Fritz

JANUARY 2, 2024

The company and myself will work towards figuring out the most efficient method for repayment of the above, either through consultancy, and or dividend payments. In that case, the Court considered text messages between the parties in 2020—when their dispute was simmering—as probative of the terms of the alleged 2018 oral agreement.

Equity 59

Equity Dividends 59

Brian DeChesare

JANUARY 4, 2023

2020: +38%. The main reasons I outperformed the S&P and Nasdaq in 2022 were: Good-But-Not-Perfect Timing with Crypto – I sold most of my position in Q4 of 2021 into Q1 of 2022, missing the peak but still selling at a high enough level to earn a ~4x overall gain, mostly on purchases made in 2020 and some as far back as 2017 and 2013.

Marketability 86

Marketability Start-ups Treasury Dividends 86