Buy

3 Dividend-Raising Income Stocks to Buy in December

There’s no shortage of reasons investors love dividends. Besides the cash flexibility they provide, these payouts act as cushions during market swoons and amplify returns over long holding periods when you reinvest the income.

A dividend hike is also a useful sign for income investors, since it usually reflects expanding growth opportunities for the business, improving profitability, or both.

With that in mind, let’s look at three dividend stocks that raised their payouts in recent weeks: Nike (NYSE:NKE), McCormick (NYSE:MKC), and Costco Wholesale (NASDAQ:COST). Here’s why these stocks look like solid long-term investments today.

A man and woman holding cash.

Image source: Getty Images.

Nike

Nike routinely announces its annual dividend increase in November, and this boost was its 19th consecutive hike. But there were some additional factors that made this year’s raise worth following. The sports apparel titan endured collapsing revenue during the COVID-19 closures, meaning

Read More

Buy 5 Business Services Stocks Ahead of Q2 Earnings Next Week

We are in the middle of the coronavirus-stricken second-quarter 2020 earnings season and the results so far are highly disappointing mainly due to the lockdowns.

Coronavirus-induced devastations haven’t spared any sector and business services has suffered significantly. Nevertheless, a handful of business services companies are set to beat second-quarter earnings estimates next week.

A Brief Review of Q2

U.S. GDP plunged 32.9% in second-quarter 2020, marking its worst-ever quarterly decline, with the previous nearest low witnessed in the second quarter of 1921. Notably, in the first quarter, the economy declined by 5% year over year.

Economic activities were way below last year in the second quarter since lockdowns continued for nearly two months till the third week of May. Meanwhile, by mid-June, all 50 states reopened their economies in some form or the other.

However, a second wave of COVID-19 in some states since the second half of June forced

Read More

Casey Wasserman in Talks to Buy Paradigm Agency Music Assets

Click here to read the full article.

UPDATED: Casey Wasserman, the sports and entertainment entrepreneur who is the grandson of legendary talent agency mogul Lew Wasserman, is in talks to acquire the music assets of Paradigm agency, which has been hard hit by the coronavirus lockdown.

Sources said the talks have been on-again, off-again and there’s a good chance that a deal may never come to fruition. The discussions had not moved to the term-sheet phase as of Wednesday evening. Wasserman, chairman and CEO of Wasserman, is said to have been courted by by Tom Gores, the Platinum Equity CEO who is the brother of Paradigm founder and CEO Sam Gores.

More from Variety

Paradigm’s operations have been throttled by the sudden shutdown of the live music and event business. The agency has bulked up with a number of acquisition of music booking agencies and artist management boutiques in

Read More