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Saturday, July 11, 2009

Anworth (ANH) declared $0.32 Quarterly Dividends

Anworth Mortgage Asset Corporation (ANH - Quote) announced today that its board of directors declared a quarterly common stock dividend of $0.32 per share for the second quarter of 2009. The common stock dividend is payable on August 19, 2009 to common stockholders of record as of the close of business on July 24, 2009.

About Anworth Mortgage Asset Corporation

Anworth is a mortgage real estate investment trust which invests primarily in securities guaranteed by the U.S. Government, such as Ginnie Mae, or guaranteed by federally sponsored enterprises, such as Fannie Mae or Freddie Mac. Anworth generates income for distribution to shareholders primarily based on the difference between the yield on its mortgage assets and the cost of its borrowings. The Company’s common stock is traded on the New York Stock Exchange under the symbol ANH.

Disclosure I am long ANH shares in my reit folio.

ETFs' Expansion Resumes as Some Expect Fall Surge

Assets held in exchange-traded funds have increased this year, and executives expect a surge when more products are introduced this fall — if markets are ready for them.

Since Jan. 1, ETF assets have increased 11.1%, according to a monthly survey by State Street Corp. that was released Wednesday. In June ETF assets grew 1% from a month earlier, to $592.6 billion. "We are seeing some positive flows, and that is good news given that markets have been relatively flat over the past 12 months," said James Ross, a senior managing director at State Street.

Thirty-nine ETF portfolios were started in the year's first half, and 46 were liquidated, according to State Street. In June 12 funds were introduced.

Ross said that the development of new funds is starting to pick up after "coming close to halting" last fall during the credit crisis. Some fixed-income ETFs have already been launched this year, he said, and though he expects a slow July and August, he expects more to be introduced in September.

"We are starting to see some regrowth as investors are looking for new products," he said. "In June we saw $20 billion of positive flows into fixed-income ETFs, and there is some really strong demand for those products."

Some industry observers are less bullish. W. Christopher Maxwell, a managing partner at the Rock Hall, Md., wealth management firm Conestoga Capital Advisors LLC, said investment managers may have ETFs that have waited on their shelves for months but most companies would remain wary until markets really rebound. "ETFs may trickle out," he said, "but I don't expect a surge."

"Getting a new product off the ground is difficult, and in this environment it is nearly impossible, especially for ETFs," he said. "A couple of months is not going to change that."

Geoffrey Bobroff, the president of Bobroff Consulting in East Greenwich, R.I., said many investment companies have put product introductions on hold until the economy shows sustained recovery.

Barclays Global Investors' iShares unit remained the largest ETF provider at June 30, with $292.1 billion of assets — or 49.3% of the market, according to State Street. The company, which announced last month it had sold its investment unit to BlackRock Inc. for $13.5 billion in a deal expected to close this year, is trailed by State Street, which had $143.5 billion, or a 24.2% share, and Vanguard, which had $59.1 billion, a 10% share.

Cindy Zarker, a director at Boston's Cerulli & Associates, said she expects more actively managed ETFs to be introduced this year and, given BlackRock's history with actively managed mutual funds, it is likely to launch such products. Most new entrants are introducing actively managed products rather than index funds, she said.

Maxwell said he remains skeptical about actively managed ETFs.

Ross said introducing actively managed products can be difficult because they require Securities and Exchange Commission approval and, "right now, they have a lot on their plate" in regulating the financial services industry.

State Street applied to the SEC 15 months ago to introduce a series of actively managed ETFs. "I think we will see some more funds on the active side," Ross said, "but how many will depend on a lot of factors that companies just cannot control."

Disclosure I am long a great deal of etfs and believe they are a strong asset to my portfolio.

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Integrys Energy (TEG)sets 68-cent quarterly dividend

The Board of Directors of Integrys Energy Group, Inc. (TEG - Quote) has declared a quarterly dividend of $0.68 per share on common stock, payable on September 19, 2009, to shareholders of record August 31, 2009.

Company info:

Integrys Energy Group, Inc., through its subsidiaries, operates as a regulated electric and natural gas utility company in the United States and Canada. The company generates electricity through coal, natural gas and fuel oil, hydroelectric, nuclear, and wind resources. It offers electric services to various customers, including municipal utilities, electric cooperatives, energy marketers, other investor-owned utilities, and municipal joint action agencies.

The company also engages in natural gas distribution operations in Michigan and Minnesota. In addition, it offers nonregulated energy supply and services to residential, commercial, industrial, and wholesale customers. As of December 31, 2008, Integrys Energy Group served approximately 487,500 regulated electric utility customers and approximately 1,669,900 regulated natural gas utility customers. The company was formerly known as WPS Resources Corporation and changed its name to Integrys Energy Group, Inc. in February 2007. Integrys Energy Group, Inc. was founded in 1883 and is based in Chicago, Illinois.

Disclosure I am long TEG in my utilities folio.


The Reaves Utility Income Fund Announces Regular Monthly Dividend of $0.115 Per Share

The Reaves Utility Income Fund (UTG - Quote) today announced the next three monthly dividends at a rate of $0.115 per common share per month, unchanged from the per share rate paid for the previous quarter. The dividend represents an annualized yield of 10.26% based on the current market price. As of July 6, 2009, the Fund’s market price was $13.45 per share and its net asset value was $13.74 per share.

A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2009, including the percentage of qualified dividend income, will be made after year end.

Not less than eighty percent of the Fund’s assets will continue to be invested in the securities of utility companies. As a policy, the Fund continues to strive to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation.

Ronald Sorenson, CEO, Chief Investment Officer of W. H. Reaves and portfolio manager of the Fund, noted recently that the most important determinant of the Fund’s ability to pay its dividend is the dividend-paying ability of the companies in which the Fund invests. “The Fund’s net asset value dropped over the past twelve-months,” Sorenson commented, “but the ability of our companies to pay and grow their dividend has not diminished. Earnings growth at many of the companies in which we invest may be slower than we had anticipated twelve months ago. Nonetheless, the company fundamentals still point to a trend of growing earnings and dividends.”

The following dates apply to the upcoming dividends that have been declared:

Ex-Distribution Date: July 20, 2009
Record Date: July 22, 2009
Payable Date: July 31, 2009

Ex-Distribution Date: August 17, 2009
Record Date: August 19, 2009
Payable Date: August 31, 2009

Ex-Distribution Date: September 16, 2009
Record Date: September 18, 2009
Payable Date: September 30, 2009

The Reaves Utility Income Fund

The investment objective of the Fund is to provide a high level of income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. There were approximately $562 million of total assets under management and 22.7 million common shares outstanding as of July 6, 2009.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus which contains this and other information visit or call 1-800-644-5571. Read the prospectus carefully before investing or sending money.

Disclosure I am long UTG in my utilities folio.


Friday, July 10, 2009

Colgate-Palmolive (CL) sets $0.44 cent quarterly dividend,Paid Dividends Since 1895 uninterrupted!

The Board of Directors of Colgate-Palmolive Company (NYSE:CL - Quote, NEWS) today declared quarterly cash dividends of $.44 per common share, payable on August 14, 2009, to shareholders of record on July 24, 2009. The Company has paid uninterrupted dividends on its common stock since 1895.

About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, Elmex, Tom's of Maine, Ajax, Axion, Soupline, and Suavitel, as well as Hill's Science Diet and Hill's Prescription Diet. For more information about Colgate's global business, visit the Company's web site at

Disclosure I am long CL shares in my consumer goods folio.

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Thursday, July 9, 2009

ALPS Debuts Equal Weight Sector ETF (EQL)

The ALPS Equal Sector Weight ETF (EQL-News) has just launched. The new fund is an ETF of ETFs that delivers exposure to the US Large Cap Equity market by investing equal proportions in each of the nine Select Sector SPDRs.

EQL is benchmarked to the Banc of America Securities – Merrill Lynch Equal Sector Weight Index. It owns each of the nine Select Sector SPDR ETFs in equal weights. The nine Select Sector SPDR ETFs are rebalanced back to equal weight on a quarterly basis.

Most equal-weight indexes are based at the stock level,” states ALPS Director of Product Research, Jeremy Held. “EQL is an important extension of the equal-weight concept in that it addresses sector risk, which we consider to be a much more important and fundamental risk to client portfolios than individual stocks.

Held continues, “Over the last 30 years the largest annual declines in the S&P 500 have been precipitated by a crash in the market’s largest sector. In 1981 it was Energy stocks. In 2000 it was Technology. Most recently in 2008 it was the Financial sector. An equal sector strategy minimizes the negative impact of any one sector by diversifying over multiple sectors. At the same time by offering meaningful exposure to each sector of the market, it allows investors the ability to participate in market rallies regardless of where they occur.”

EQL will be the second ETF sponsored by ALPS, who is well-known as a third-party distributor and asset servicing resource to the investment management industry. ALPS is also the sponsor of the Cohen & Steers Global Real Estate ETF (NYSEArca: GRI), which was launched in May of 2008.

According to the prospectus, EQL’s annual expense ratio is 0.55%.

Disclosure I am long EQL shares in my Index etf folio.

Wednesday, July 8, 2009

Ampco-Pittsburgh (AP) sets regular dividend of 18 cents

Ampco-Pittsburgh Corp. (AP-Quote) on Monday declared a regular quarterly dividend of 18 cents.

The Pittsburgh-based industrial equipment maker said the dividend will be payable July 31 to shareholders of record July 15.

Ampco-Pittsburgh Corporation and its subsidiaries manufacture and sell custom-engineered equipment in the United States and internationally. It operates in two segments, Forged and Cast Rolls, and Air and Liquid Processing. The Forged and Cast Rolls segment produces forged hardened steel rolls used in cold rolling by producers of steel, aluminum, and other metals; and cast rolls for hot and cold strip mills, medium/heavy section mills, and plate mills. It supplies cast rolls to the metal working industry.

The Air and Liquid Processing segment manufactures finned tube and plate finned heat exchange coils for the commercial and industrial construction, as well as for process and utility industries; custom air handling systems used in commercial, institutional, and industrial buildings; and a line of centrifugal pumps for the refrigeration, power generation, and marine defense industries. The company was founded in 1929 and is headquartered in Pittsburgh, Pennsylvania.

Disclosure I am long AP shares in my Industrial Goods Folio.

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LTC Declares Its Monthly Common Stock Cash Dividend for the Third Quarter of 2009

LTC Properties, Inc. (LTC - Quote) announced today that it had declared a monthly common dividend on its common stock for the third quarter of 2009.

The Company declared a monthly cash dividend of $0.13 per common share per month for the months of July, August and September 2009, payable on July 31, August 31 and September 30, 2009, respectively, to stockholders of record on July 23, August 21 and September 22, 2009, respectively.

The Company is a self-administered real estate investment trust that primarily invests in long-term care and other health care related facilities through mortgage loans, facility lease transactions and other investments. For more information on LTC Properties, Inc., visit the Company’s website at

Disclosure I am long LTC shares in my Reit Folio.

5 Market Vectors Municpial Bond Etf Announces Monthly Distributions

The Market Vectors ETF Trust announced regular monthly distributions today for five Muni Bond ETFs within the Market Vectors Family of Municipal Bond ETFs.

The following dates apply to today’s distribution declarations:


Record Date

Payable Date

July 1, 2009

July 6, 2009

July 8, 2009


Distribution Amount


Ticker Frequency Per Share
Market Vectors

Intermediate Municipal Index ETF

Market Vectors

Long Municipal Index ETF

Market Vectors

Short Municipal Index ETF

Market Vectors

High-Yield Municipal Index ETF

Market Vectors

Pre-Refunded Municipal Index ETF

The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital.

*Currently, five ETFs (Market Vectors Intermediate Municipal Index ETF, Market Vectors Long Municipal Index ETF, Market Vectors Short Municipal Index ETF, Market Vectors High-Yield Municipal Index ETF and Market Vectors Pre-Refunded Municipal Index ETF) are being offered to the public.

The amount of dividends paid by each fund may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts.

Van Eck does not provide legal, tax or accounting advice. Any statement contained in this communication concerning U.S. tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties imposed on the relevant taxpayer. Shareholders or potential shareholders of the Market Vectors ETFs should obtain their own independent tax advice based on their particular circumstances.

For more complete information about the Market Vectors ETFs, contact your investment representative and request a prospectus or visit Please consider a Fund’s objectives, risks and charges and expenses, and read the prospectus carefully before investing. The prospectus contains this and other information about the Fund.

Disclosure I am Long HYD in my Bond/Fixed Income Folio

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Innophos Holdings, Inc. (IPHS)Declares Quarterly Dividend

Innophos Holdings, Inc. (IPHS - Quote) today announced that its Board of Directors has declared a dividend of $0.17 per share of common stock. The dividend will be payable on July 31, 2009 to stockholders of record as of the close of business on July 15, 2009.

Innophos Holdings, Inc., together with its subsidiaries, produces specialty phosphates primarily in the North America. Its products include specialty salts, which are used in food, beverage, and pharmaceutical applications; specialty acids that are used in industrial applications, such as asphalt modification and petrochemical catalysis; technical grade sodium tripolyphosphate (STPP), which is used in detergent applications, including automatic dishwashing, commercial/industrial detergents, and home laundry detergents; and other products, such as phosphate fertilizers that are used as co-products of manufacturing purified phosphoric acid.

Innophos Holdings also offers purified phosphoric acid (PPA) that is used as an input to specialty salts, specialty acids, and STPP, as well as in water and metal treatment applications. The company's customers include consumer goods manufacturers, distributors, and specialty chemical manufacturers in food, bakery, beverage, pharmaceutical, and cleaning product markets. Innophos Holdings was incorporated in 2004 and is headquartered in Cranbury, New Jersey.

Disclosure I am long IPHS shares in my Basic Materials Folio.

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Quaker Chemical(KWR)sets 23-cent quarterly dividend

Quaker Chemical Corp. (KWR-Quote)on Tuesday declared a regular quarterly dividend of 23 cents per share.

The chemical maker said the dividend will be payable July 31 to shareholders of record July 17.

The company also said it continues to see improvement in its second-quarter earnings compared with the first quarter and said customers General Motors Corp. and Chrysler have told the company they will pay pre-bankruptcy invoices, reducing Quaker's bad debt exposure.

Michael F. Barry, Chairman, Chief Executive Officer and President, commented, "As expected, we continue to see improvement in our second quarter earnings compared to the first quarter, primarily due to the actions taken as we reacted to significantly lower volumes in our markets. In addition, we have received favorable news relative to two of our customers, GM and Chrysler. While both customers filed for bankruptcy during the second quarter, we have been notified by each of them that our pre-bankruptcy invoices will be paid and, therefore, we anticipate having no or limited bad debt exposure."

Quaker Chemical Corporation is a leading global provider of process chemicals, chemical specialties, services, and technical expertise to a wide range of industries -- including steel, automotive, mining, aerospace, tube and pipe, coatings, and construction materials. Our products, technical solutions, and chemical management services enhance our customers' processes, improve their product quality, and lower their costs. Quaker's headquarters is located near Philadelphia in Conshohocken, Pennsylvania.

Disclosure I am Long KWR shares in my Basic Materials Folio.