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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.
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Tuesday, May 27, 2008
Basin Water Names Michael M. Stark to Board of Directors
Comtex
RANCHO CUCAMONGA, Calif., May 27, 2008 (BUSINESS WIRE) ----Basin Water, Inc. (NASDAQ:BWTR) on May 22, 2008 the Board of Directors (the "Board") of Basin Water, Inc. ("Basin Water") appointed Michael M. Stark to serve as a member of Class I of the Board.
Mr. Stark joined Basin Water as its President in October 2006, approximately six months after the Company's initial public offering, and has served in the additional role of Chief Executive Officer of Basin Water since February of 2008. Prior to joining Basin Water, Mr. Stark served as President and Chief Executive Officer of Veolia Water North America (formerly US Filter), a water services company which Mr. Stark helped to grow to over $1.2 billion in annual revenues.
Scott A. Katzmann, Chairman of the Board, stated, "We are pleased to have Mike join the Board of Directors. His forty plus years of experience in the water treatment services business have been of enormous help to the Company over the last year and a half. We look forward to his contributions and insights on the Board as well as his continued strong managerial contributions as Chief Executive Officer. His experience and skills are appreciated as we continue to position Basin Water as an innovative leader in providing water treatment services to the municipal and industrial markets."
About Basin Water
Basin Water, Inc. is a provider of reliable, long-term process solutions for a range of clients, which includes designing, building and implementing systems for the treatment of contaminated groundwater, the treatment of wastewater, waste reduction and resource recovery. Basin Water employs treatment technologies including its own proprietary, scalable ion-exchange wellhead treatment system, along with a host of other treatment technologies designed to meet customer needs in an efficient, flexible and cost effective manner. Additional information may be found on the company's web site: www.basinwater.com.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including expectations relating to future revenues and income, the company's ability to gain new business and control costs, involve risks and uncertainties, as well as assumptions that, if they prove incorrect or never materialize, could cause the results of the company to differ materially from those expressed or implied by such forward-looking statements. Actual results may differ materially from these expectations due to various risks and uncertainties, including: the company's limited operating history, significant operating losses associated with certain of the company's contracts, the company's ability to identify and consummate other acquisition opportunities that improve the company's revenues and profitability, significant fluctuations in its revenues from period to period, its ability to effectively manage its growth, the success of the company's strategic partners, its long sales cycles, market acceptance of its technology, the geographic concentration of its operations and customers, its ability to meet customer demands and compete technologically, the company's ability to protect its intellectual property, regulatory approvals of the company's systems, changes in governmental regulation that may affect the water industry, particularly with respect to environmental laws, the company's ability to attract and retain qualified personnel and management members, the company's ability to manage its capital to meet future liquidity needs, changes in the board of directors and the timing of the company's stock repurchases, if any. More detailed information about these risks and uncertainties are contained in the company's filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2007 and subsequent Quarterly Reports on Form 10-Q. The company assumes no obligation to update these forward-looking statements to reflect any change in future events.
SOURCE: Basin Water, Inc.
Basin Water, Inc. Michael M. Stark President & Chief Executive Officer 909-481-6800 www.basinwater.com
Copyright Business Wire 2008 ********************************************************************** As of Friday, 05-23-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 03-14-2008 for BWTR @ $7.41. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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