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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, July 15, 2008
Pilgrim's Pride to Webcast Third-Quarter Conference Call With Investors
Comtex
PITTSBURG, Texas, July 15, 2008 /PRNewswire-FirstCall via COMTEX/ ----Pilgrim's Pride Corporation (NYSE: PPC) will host a conference call with investors on Tuesday, July 29, 2008, at 10 a.m. Central (11 a.m. Eastern) to discuss financial results for the third quarter of fiscal 2008.
The presentation will be broadcast live over the Internet at http://www.videonewswire.com/event.asp?id=49823. (Please copy and paste the link into the browser.) To listen live via telephone, call toll-free 877-656-8906, verbal pass code Pilgrim's. International callers should dial 334-323-7224. The webcast will be available for replay within approximately two hours of the conclusion of the call. A telephone replay will be available beginning at approximately 2 p.m. (Central) on July 29 toll-free at 877-919-4059 pass code 44751270. International callers should dial 334-323-7226. The replay will be available for seven days.
About Pilgrim's Pride
Pilgrim's Pride Corporation is the largest chicken company in the United States and Puerto Rico and the second-largest in Mexico. Pilgrim's Pride employs approximately 53,500 people and operates 36 chicken processing plants and 12 prepared-foods facilities. Pilgrim's Pride products are sold to foodservice, retail and frozen entree customers. The Company's primary distribution is through retailers, foodservice distributors and restaurants throughout the United States and Puerto Rico and in the Northern and Central regions of Mexico. For more information, please visit http://www.pilgrimspride.com.
Contact: Gary Rhodes
Vice President, Corporate Communications & Investor Relations (903) 434-1495
SOURCE Pilgrim's Pride Corporation
http://www.pilgrimspride.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Friday, 07-11-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-05-2008 for PPC @ $23.42. 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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