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 / Markets / Industries / Health Care
Thursday, July 10, 2008
Arizona BioIndustry Association Adds New Directors
Comtex
PHOENIX, Jul 10, 2008 (BUSINESS WIRE) ----The Arizona BioIndustry Association (AZBio) has added three new members to its Board of Directors, which was restructured earlier this year to assist AZBio in more effectively operating as a unified association representing the interests of all bioscience companies throughout the state.
The three new Directors are Monique Heiser, Vice President and General Manager of the Covance Laboratories facility under construction in Chandler; Randal Schulhauser, Sr., Manager of Technology & Business Development at Medtronic Microelectronic Center in Tempe; and Raymond Woosley, President and CEO of Critical Path Institute in Tucson.
"I'm pleased to welcome these three outstanding individuals to the AZBio Board," said Michael Mobley, Associate Director of the Biodesign Institute at Arizona State University and Chair of the AZBio Board of Directors. "Arizona's bioscience companies are part of a global industry, and it will be valuable to have the perspective of these prominent organizations as we continue to develop a varied portfolio of benefits for our members."
Robert Eaton, AZBio's President & CEO, said, "AZBio represents all bioscience companies in the state, regardless of geography, size or stage of development. I am excited that our Board of Directors will now more fully represent the spectrum of organizations that make up Arizona's bioscience community."
The Arizona BioIndustry Association is a not-for-profit trade association that seeks to unify, empower and advance its member organizations, who collectively form Arizona's bioscience community, and to make Arizona a place where bioscience companies can grow and succeed. AZBio is the state affiliate in Arizona for both the Biotechnology Industry Organization (BIO), the preeminent trade association for the biotechnology industry in the United States, and AdvaMed, a national trade association whose members produce nearly 90 percent of the health care technology purchased annually in the United States.
Covance, with headquarters in Princeton, New Jersey, is one of the world's largest and most comprehensive drug development services companies with annual revenues greater than $1.5 billion, global operations in more than 20 countries, and more than 8,900 employees worldwide. Information on Covance's products and services, recent press releases, and SEC filings can be obtained through its website at www.covance.com.
Medtronic, Inc., headquartered in Minneapolis, is the world's leading medical technology company, alleviating pain, restoring health and extending life for people with chronic disease. Each year, over 6 million patients benefit from Medtronic's technologies used to treat conditions such as heart disease, spinal conditions, neurological disorders, vascular disease and diabetes. Medtronic has almost 38,000 employees working in over 120 countries, generating annual revenues exceeding $13.505B. (www.medtronic.com)
Critical Path Institute, headquartered in Tucson, Arizona, with offices in Rockville, Maryland, was established in 2005 as a publicly funded, nonprofit research and education institute to enable collaborations between scientists from the FDA, industry and academia. Critical Path Institute's mission is to help implement the FDA's Critical Path Initiative by developing faster, safer and smarter pathways to new medical products. Visit www.C-Path.org for more information.
SOURCE: The Arizona BioIndustry Association
Arizona BioIndustry Association Robert Eaton, 602-495-2937
Copyright Business Wire 2008 ********************************************************************** As of Sunday, 07-06-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 05-22-2008 for MDT @ $50.75. 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.
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
