Let’s start with a bank stock. Why? While many sectors fear rising interest rates, banks look forward to them.
In July, it boosted its quarterly dividend 17 per cent to 21 cents U.S. per share. That gives the company an annual yield of 1.8 per cent at the current share price.Article content The recession-proof nature of the business means Southern can pay reliable dividends. In April, the company boosted its quarterly payout by 2 cents per share to 66 cents per share, marking the 20th consecutive year that Southern has increased its dividend.In 2021, Southern earned an adjusted profit of US$3.41 per share, up 5 per cent from 2020. Management expects adjusted earnings per share for 2022 to be in the range of US$3.50 to US$3.60.
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10-year Treasury yields rise above 2% as market monitors Russia-Ukraine, awaits U.S. inflation readingTreasury yields edge higher Friday as investors track Russia's attack in Eastern Europe and await an important update on U.S. inflation.
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Stocks tumble; oil, wheat prices soar after Russia invades UkraineStocks tumbled worldwide on Thursday after Russia's attack of Ukraine sent fear coursing through markets and upped the pressure on the high inflation already squeezing the global economy.
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