ACAS Suspending Dividend
Source: http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog/0/0/acas-suspending-dividendPosted on Monday, November 10th, 2008 | In Stocks to Watch
Bad news: American Capital Strategies has also fallen victim to the credit crunch and has decided to suspend its dividend payments.
Obviously, I am extremely disappointed by the news. ACAS has been my favorite high-yield play in the financial sector, and one of the companies that looked best positioned to capitalize on temporary weakness in the credit markets.
The company’s long history of dividend payments also supported my belief that it would continue paying its investors through thick and thin.
I’m still confident that the company will go on to pay out nice dividends in the future. But for now, they think preserving cash is the right approach. Fair enough.
I will provide a complete update on ACAS in the next issue of Dividend Superstars …
Last 5 posts by Nilus Mattive
- GM’s Bankruptcy and Changes to the Dow! - June 2nd, 2009
- Lessons from Warren Buffett’s Latest Letter - March 10th, 2009
- A big stock rally in … 2011? - January 20th, 2009
- New Law Lets You Skip Required Minimum Distributions (RMDs) - January 5th, 2009
- A thoughts for the start of 2009 - January 5th, 2009
 About Nilus Mattive (http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog)
Nilus Mattive, a financial analyst at Weiss Research, is the editor of Dividend Superstars, a monthly publication and is also the editor of the company’s daily e-letter, Money and Markets. Formerly a senior editor of Standard & Poor’s The Outlook, the oldest continuously published investment newsletter in the country, he has written for a number of investment websites, including BusinessWeek and Individual Investor. Mr. Mattive is the author of The Standard & Poor’s Guide for the New Investor (McGraw-Hill, 2004) and has appeared on the popular investment radio show, Traders Nation, to discuss his views on personal finance. Mr. Mattive graduated cum laude from the University of Scranton. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.