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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, July 25, 2008
Sirit Inc. Notice of First Quarter Results Conference Call
Comtex
TORONTO, July 25, 2008 /PRNewswire-FirstCall via COMTEX/ ----Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency identification ("RFID") technology, will host a conference call on Tuesday, August 5, 2008 @ 10:00 a.m. (EST) to discuss its fiscal 2008 second quarter financial results. Norbert Dawalibi, President and CEO and Anastasia Chodarcewicz, Vice President Finance and CFO, will review Sirit's financial and operating results.
A question-and-answer session will follow, at which time the operator will direct participants as to the correct procedure for submitting questions. Sirit will report its financial results via news release prior to market opening on Tuesday, August 5, 2008.
------------------------------------------------------------------------- DATE: Tuesday, August 5, 2008 ------------------------------------------------------------------------- TIME: 10:00 a.m. (EST) ------------------------------------------------------------------------- WEBCAST: A live audio Webcast of the call will be available at www.sirit.com. The Webcast will be archived on this site for 90 days. Please connect to the Web site at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be needed to hear the Webcast. ------------------------------------------------------------------------- TAPED REPLAY: 1-877-289-8525 or 416-640-1917 - Available approximately 1 hour after the call and then until Tuesday, August 12, 2008 at midnight. ------------------------------------------------------------------------- REFERENCE NUMBER: 21279165 followed by the number sign -------------------------------------------------------------------------
About Sirit
Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency Identification (RFID) technology worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers are able to more rapidly bring high quality RFID solutions to the market with reduced initial engineering costs. Sirit's products are built on more than 14 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple protocols and are compliant with global standards. Sirit's broad portfolio of products and capabilities can be customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Near Field Communications, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit www.sirit.com.
SOURCE Sirit Inc.
Copyright (C) 2008 PR Newswire. All rights reserved
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