FOX Translator
No data currently available.
No data currently available.
You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
Home
Friday, June 13, 2008
Chicago Woman Wins $7.9 Million for Rescuing a Police Officer; Rachelle Jackson Rescued Officer From Burning Squad Car And Spent Over Ten Months In Jail
Comtex
CHICAGO, June 13, 2008 /PRNewswire via COMTEX/ ----Rachelle Jackson, a southside Chicago woman, won $7.9 million dollars in her federal civil rights claim. "Rachelle is a hero, and the jury knew it," said Christopher R. Smith, one of the attorneys for Rachelle Jackson.
On November 19, 2002, Rachelle Jackson heard twisting metal and ran to aid the occupants of a Chicago Police vehicle that had been in a car crash. The car caught fire, but Rachelle rescued Chicago Police Officer Kelly Brogan from the car anyway. Many residents responded to aid the officers. During the chaos, someone stole the service weapon of Officer Brogan's partner, who lay slumped over the steering wheel unconscious. Rachelle went to the police station to be a witness.
Once there, officers subjected Rachelle to over fifty hours of coercive and abusive interrogation, without access to a bathroom. Days later, Officer Kelly Brogan, who Rachelle rescued, came forward with a lie that Rachelle Jackson had attempted to remove her star and steal her gun; Rachelle claimed she pulled the officer from the burning car. After over ten months in jail, Cook County Circuit Court Judge Schultz exonerated Rachelle of wrongdoing, just as the federal jury did yesterday. The eyewitnesses, except for Officer Brogan, all corroborated Rachelle's story.
The jury found in favor of Rachelle on six claims, as follows: Federal False Arrest - $150,000.00; State False Arrest - $250,000.00; Coercive Questioning - $500,000.00; Length of Confinement - $1,000,000.00; Malicious Prosecution - $2,000,000.00; and Intentional Infliction of Emotional Distress - $4,000,000.00.
"Officer Brogan's attempt to jail a woman who rescued her and the detectives that encouraged Brogan to do so reflects the integrity of the Chicago Police Department," said Daniel Alexander, lead attorney representing Rachelle. "Peoples' rights can be, are, and will be protected in Chicago," said Christopher R. Smith, speaking after the verdict.
Interview with Rachelle Jackson after the verdict at 3 p.m., Friday, June 13, 2008 at 119 N. Peoria Street, Suite 3A, Chicago, IL 60607
CONTACT: Jared S. Kosoglad TEL: 312-432-0400 CELL: 312-513-6000 EMAIL: jared.k@chicagocivilrightslawyers.com
This release was issued through The Xpress Press News Service, merging e- mail and satellite distribution technologies to reach business analysts and media outlets worldwide. For more information, visit http://www.XpressPress.com
SOURCE A Law Office Of Christopher R. Smith
Copyright (C) 2008 PR Newswire. All rights reserved
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
