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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.
Home / Markets / Industries / Energy
Friday, July 11, 2008
Massey Energy to Announce Second Quarter 2008 Financial Results
Comtex
RICHMOND, Va., July 11, 2008 /PRNewswire-FirstCall via COMTEX/ ----Massey Energy Company (NYSE: MEE) will announce its second quarter 2008 financial results after the market closes on July 31, 2008. A press release detailing the quarterly results will be distributed through the wire services and media and will also be available on the Investor Relations page of the Company's website at http://www.masseyenergyco.com.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071031/MASSEYENERGYLOGO )
Members of Massey's management team will hold a conference call to review the second quarter results on Friday, August 1, 2008 at 11:00 a.m. Eastern Time. The public is invited to listen to the conference call as it is broadcast live on the Internet. Details on how to access the conference call webcast are provided below:
Details What: Massey Energy's Second Quarter 2008 Earnings Conference Call Date: Friday, August 1, 2008 Time: 11:00 a.m. ET How: Log on to the Web 1.) Go to the URL http://www.masseyenergyco.com 2.) Go to Investor Relations, select Webcasts/Presentations
Replay: A replay of the conference call will also be available following the live broadcast at the same web address.
Questions should be directed to Massey's Investor Relations department by calling (866) 814-6512 or by sending an email to investor@masseyenergyco.com .
Company Description
Massey Energy Company, headquartered in Richmond, Virginia, with operations in West Virginia, Kentucky and Virginia, is the fourth largest coal company in the United States based on produced coal revenue.
SOURCE Massey Energy Company
http://www.masseyenergyco.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Monday, 07-07-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 07-03-2008 for MEE @ $74.87. 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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