Major corporations including Time Warner (NYSE: TWX) and Pitney Bowes (NYSE: PBI) have increased their dividends.
Talking with CNBC, Matt McCormick, banking analyst and portfolio manager with Bahl & Gaynor Investments Counsel, opined that the banking sector is unlikely to follow suit. According to him, various political and regulatory issues such as higher taxes and other rules have caused the CEO and CFOs to “husband their cash”.
He, therefore, has advised the dividend-keen investors not to invest in the banking sector. However, there is an exception to the rule and the analyst picked Scotiabank (NYSE: BNS) as his favorite stock. He also liked McDonald’s (NYSE: MCD).
Bookmark/Search this post with:
Related Articles
- Investing In Dividend Stocks Is The Route To Stable Returns (IBM, WMT, MCD, ROST, TUP, PRSC, TIF, THOR)
- Jim Cramer's Lightning Round Picks (APD, WEN, MCD, TSRA, VSI, VITC, PTV, IP, STXS, ABT, NMM, ATPG, GMCR)
- Fast Money Picks For March 22nd (MHS, CVS)
- Guy Adami Likes TIF
- Jon Najarian Is Watching Smithfield Foods, Inc. (SFD)
Today's Trading Ideas
-
Jim Cramer's Lightning Round Picks (APD, WEN, MCD, TSRA, VSI, VITC, PTV, IP, STXS, ABT, NMM, ATPG, GMCR)
-
-
-
-
-
-
-
-
-
Related News from the Stock Market
- GOLDMAN’S FAVORITE HIGH YIELD GROWTH PLAYS
- Company News for February 3, 2010 - Corporate Summary
- Jim Cramer's Lightning Round Picks (APD, WEN, MCD, TSRA, VSI, VITC, PTV, IP, STXS, ABT, NMM, ATPG, GMCR)
- Market Roundup (SPWRA, UBS, MGM, TWX, LGF)
- Clear Advantages of PCT Highlighted in Five Presentations at the US HUPO Meeting by Scientists from Industry, Government, and Academia