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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 18, 2008
Standard Pacific Corp. Schedules 2008 Second Quarter Results Conference Call and Webcast
Comtex
IRVINE, Calif., July 18, 2008 /PRNewswire-FirstCall via COMTEX/ ----Standard Pacific Corp. (NYSE: SPF) will release its 2008 second quarter results on Wednesday, July 30, 2008 after the closing of the NYSE. In conjunction with the earnings release, the Company will host a conference call and broadcast a slide show and audio presentation over the Internet on Thursday, July 31, 2008, at 11:00 a.m. Eastern time.
What: Standard Pacific Corp. Conference Call and Webcast for 2008 Second Quarter Results When: Thursday, July 31, 2008 at 11:00 a.m. Eastern Time Where: http://standardpacifichomes.com/ir click on the Webcast link. A replay of the presentation will be available by the end of the day and will be archived for 30 days. How: Live via the Internet -- log on to the above address. You may listen to the Webcast by using streaming audio or by using the following teleconference number: (888) 277-7046 (domestic) or (913) 312-0967(international); Passcode: 1473292. A replay of the conference call will be available by dialing (888) 203-1112 (domestic) or (719) 457-0820 (international); Passcode: 1473292.
Standard Pacific Corp., one of the nation's largest homebuilders, has built homes for more than 100,000 families during its 42-year history. The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers. Standard Pacific operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas, Colorado and Nevada. The Company provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures, Standard Pacific Mortgage, Inc., SPH Home Mortgage, Universal Land Title of South Florida and SPH Title. For more information about the Company and its new home developments, please visit our website at: http://www.standardpacifichomes.com.
Contact: Andrew H. Parnes, Executive Vice President-Finance & CFO (949) 789-1616, aparnes@stanpac.com. or Lloyd H. McKibbin, Senior Vice President & Treasurer (949) 789-1603, lmckibbin@stanpac.com. Press Inquiries: Joele Frank or Andrea Priest, Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449
SOURCE Standard Pacific Corp.
http://www.standardpacifichomes.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Monday, 07-14-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-05-2008 for SPF @ $4.36. 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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