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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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Friday, June 20, 2008
Northrop Grumman Remains Under Air Force Contract; Ready Now with America's New Tanker
Comtex
WASHINGTON, June 20, 2008 /PRNewswire-FirstCall via COMTEX/ ----As the Air Force reviews the analysis in this week's report from the GAO, Northrop Grumman Corporation (NYSE: NOC) urges a speedy resolution of the issue.
"We respect the GAO process and are confident the Air Force will appropriately address its recommendations," said Paul Meyer, Northrop Grumman vice president of Air Mobility Systems and KC-45 program manager. "However, the GAO report does not change the fact that a new fleet of tankers is needed now, and Northrop Grumman is ready now," said Meyer. "Northrop Grumman remains under contract and remains ready to serve with the most modern, most capable tanker in the world."
"Any significant delay only punishes the men and women who are forced to fly an aging fleet," he added.
On the floor of the United States Senate, yesterday, Alabama Senator Jeff Sessions said that it is critical "that politics not infect the process and that they select the best aircraft for the military."
Nothing in the GAO report points to any need for delay, as it was a review of the process, not the Boeing and Northrop Grumman product offerings. As the GAO said in its initial release, "Our decision should not be read to reflect a view as to the merits of the firms' respective aircraft."
"We agree and, in fact, Northrop Grumman is the only company in this competition that has built, tested and flown its tanker aircraft," said Meyer, adding, "We're also the only company that has a refueling boom that has been built and that has successfully passed fuel dozens of times to combat aircraft."
"The Air Force needs a new tanker, and nothing in the GAO report refutes the fact that the Northrop Grumman KC-45 is the most capable tanker and is ready now to go into production," he added.
"Our men and women in uniform should not be asked to wait any longer."
About the KC-45
The KC-45 Tanker aircraft will be assembled in Mobile, Ala., and the KC-45 team will employ 48,000 American workers at 230 U.S. companies in 49 states. It will be built by a world-class industrial team led by Northrop Grumman, and includes EADS North America, General Electric Aviation and Sargent Fletcher.
Northrop Grumman Corporation is a global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.
SOURCE Northrop Grumman Corporation
http://www.northropgrumman.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Monday, 06-16-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-09-2008 for NOC @ $71.78. 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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