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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
Michigan Housing Authority Launches New Cable Show
Comtex
LANSING, Mich., July 18, 2008 /PRNewswire-USNewswire via COMTEX/ ----'House Michigan!' Addresses Homeownership, Affordable Housing, Ending Homelessness and Vibrant Cities and Neighborhoods
House Michigan!, a new cable show designed specifically for Michigan residents, will air on cable stations statewide beginning in July, Interim Executive Director Keith Molin of the Michigan State Housing Development Authority (MSHDA) announced today. The new program will provide practical information for Michigan residents regarding homeownership, affordable rental housing, ending homelessness and creating vibrant cities and neighborhoods.
"This is a program that goes right to the core of what's vital to the quality of life for every person living in the state of Michigan," Molin said. "Residents will learn about affordable, safe and secure mortgage loans, mortgage refinancing loan options, how to prevent foreclosure, affordable rental housing options, including rental for people with special needs, and where to go for help with homelessness and domestic violence issues."
House Michigan! programming will provide realistic advice to improve the quality of life for everyone and lead to vibrant cities and neighborhoods across the state.
Molin hosts the program and interviews invited guests, including MSHDA staff who administer Authority programs and outside partners who participate in MSHDA related initiatives.
House Michigan! has been released to more than 80 cable stations statewide and is expected to run multiple times throughout each month. New shows will be produced monthly. Check local listings for air dates and times.
MSHDA is a quasi-state agency that provides financial and technical assistance through public and private partnerships to create and preserve safe and decent affordable housing, engage in building vibrant cities and neighborhoods, and address homeless issues. MSHDA's loans and operating expenses are financed through the sale of tax-exempt and taxable bonds and notes to private investors, not from state tax revenues. For more information on MSHDA programs and initiatives, visit the Web site at www.michigan.gov/mshda.
SOURCE Michigan State Housing Development Authority
http://www.michigan.gov/mshda
Copyright (C) 2008 PR Newswire. All rights reserved
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