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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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Monday, June 09, 2008
Virtual Radiologic Chairman and CEO Named Ernst & Young Entrepreneur Of The Year(R) 2008 Award Winner
Comtex
MINNEAPOLIS, Minn., Jun 09, 2008 (BUSINESS WIRE) ----Virtual Radiologic Corp. (Nasdaq: VRAD), a leading national provider of teleradiology services, announced today that Dr. Sean Casey, Chairman and Chief Executive Officer, received the Ernst & Young Entrepreneur Of The Year(R) 2008 Award in the Technology category in the Upper Midwest regional program.
According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Casey was selected by an independent panel of judges and recognized at a gala event in Minneapolis on June 5, 2008.
"This recognition among such esteemed industry peers is truly an honor," said Casey. "Although individualized, this award is a direct reflection on the quality and commitment of our employees and physicians, as well as an acknowledgement to the leadership and vision provided by our Board of Directors."
Recognizing the growing shortage of radiologists and the threat that it posed for patient care, Casey and two other physicians developed Virtual Radiologic's teleradiology technology that enables diagnostic image interpretations from any location 24 hours a day, seven days a week, 365 days a year. Images are routed to a team of more than 115 radiologists around the country according to their schedules and subspecialties.
As an Upper Midwest award winner, Casey is now eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2008 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, Calif. on Nov. 15, 2008. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.
About Virtual Radiologic
Virtual Radiologic Corporation (www.virtualrad.com) provides teleradiology solutions to radiology practices and medical centers throughout the United States. Utilizing market-leading, proprietary workflow technology, Virtual Radiologic physicians perform preliminary and final read interpretations for emergent and non-emergent needs - day or night, 365 days a year. Virtual Radiologic's American Board of Radiology-certified radiologists are collectively licensed in all 50 states. Virtual Radiologic is Joint Commission-certified and serves hundreds of clients supporting more than 830 medical facilities.
SOURCE: Virtual Radiologic Corp.
Virtual Radiologic Investors & Media John Waelti, 952-392-1196
Copyright Business Wire 2008
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