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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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Tuesday, June 24, 2008
Harman International to Host Olympic Athletes with Swimming Hall of Fame
Comtex
STAMFORD, Conn., Jun 24, 2008 (BUSINESS WIRE) ----Harman International Industries Inc. (NYSE:HAR) said today it will be a Presenting Sponsor at the 44th Annual Toyota International Swimming Hall of Fame Induction Ceremony and Olympian Reunion on July 6, 2008 in Omaha, Nebraska. The event, held in conjunction with the final USA Olympic Swimming trials, will salute some of the great names in aquatic sports while inducting several into the International Swimming Hall of Fame (ISHOF). The non-profit organization promotes the importance of swimming as a key to fitness, health, quality of life, and water safety.
"We are delighted to salute both aspiring Olympians and legendary medalists at this event," said Dinesh C. Paliwal, Harman Chief Executive Officer and Chairman Elect, and a member of the ISHOF Board of Directors. "This is a natural extension of both our commitment to fitness and Harman's long association in providing audio systems for world-class sporting venues."
Harman noted that its systems will be installed in more than a dozen key venues at the upcoming 2008 Summer Olympics in China - including the Beijing National Aquatics Center, National Stadium, Hong Kong Equestrian Center, Shanghai Stadium, and Olympic Green Convention Center. The company estimates it will deliver more than a million watts of amplification and some 800 high-fidelity speakers, along with mixing consoles, networking and signal processing. More than 100 miles (160km) of cable will connect the Harman components across indoor and outdoor Olympic sites. The Olympic venues join Harman installations at thousands of world-class sports, broadcast, entertainment, dining, retail, and transportation facilities around the globe.
The International Swimming Hall of Fame (www.ishof.org) promotes the benefits and importance of swimming through a dynamic shrine dedicated to the history, memory, and recognition of famous swimmers, divers, water polo players, synchronized swimmers, and persons involved in life saving activities and education throughout the world. ISHOF directors include a number of respected business leaders, nine-time Olympic gold medalist Mark Spitz, and former UCLA All-American Swimmer Tod Spieker.
Harman International Industries, Incorporated (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment products for the automotive, consumer and professional markets. Harman International maintains a strong presence in the Americas, Europe and Asia, and employ more than 11,000 people worldwide. The Harman International family of brands include AKG(R), Audioaccess(R), Becker(R), BSS(R), Crown(R), dbx(R), DigiTech(R), Harman Kardon(R), Infinity(R), JBL(R), Lexicon(R) Mark Levinson(R), Revel(R), QNX(R), Soundcraft(R), and Studer(R). Harman International's stock is traded on the New York Stock Exchange under the symbol "NYSE: HAR."
SOURCE: Harman International Industries Inc.
Harman International Industries Inc. Brad A. Hoffman, 248-592-3171 Vice President, Corporate Communications bhoffman@harman.com
Copyright Business Wire 2008 ********************************************************************** As of Friday, 06-20-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 06-05-2008 for HAR @ $46.26. 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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