Income · Stocks to Consider and Updates

Royal Bank of Canada Beats Earning’s Estimates

Royal Bank of Canada (NYSE: RY - $79.47), the country’s largest bank, reported earnings of C$2.83 billion (US$2.2 billion), or C$1.88 a share, compared with C$2.53 billion, or C$1.65 a share a year ago. Adjusted earnings settled at C$1.92 vs. consensus of C$1.87 a share. Total revenue rose 12% to C$10.52 billion. The bank's net interest margin expanded by 2 basis points to 1.72.… Continue reading Royal Bank of Canada Beats Earning’s Estimates

Income · Stocks to Consider and Updates

LyondellBasell to Buy 50% Stake in Quality Circular Polymer

LyondellBasell Industries (NYSE: LYB - $104.84), one of the world's largest plastics, chemical and refining companies, announced it has entered into a definitive agreement to purchase a 50 percent stake in Quality Circular Polymers (QCP), a high standard plastics recycling company in Sittard-Geleen, Netherlands. Under the terms of the agreement, LyondellBasell will be a 50/50 partner in QCP… Continue reading LyondellBasell to Buy 50% Stake in Quality Circular Polymer

Income · Stocks to Consider and Updates

ETRACS Alerian MLP ETN – Update

The ETRACS Alerian MLP Exchange Traded Note (NYSE: AMU - $16.54) seeks to replicate - net of expenses - the Alerian MLP Index, which measures the performance of 50 prominent energy master limited partnerships. Its constituents earn most of their cash flow from the transportation, storage, processing or production of energy commodities, but depressed prices… Continue reading ETRACS Alerian MLP ETN – Update

Income · Stocks to Consider and Updates

Vanguard REIT Fund – Update

Over the past 52-weeks, the Vanguard REIT Exchange Traded Fund (NYSE: VNQ - $84.40) has had a total return of about 12.5%, thanks to the generous $3.95 dividend, yielding 4.8% on a trailing twelve-month basis. Since entering the income portfolio in February of 2014, the shares have advanced 22.2% and over those nearly four years,… Continue reading Vanguard REIT Fund – Update

Income · Stocks to Consider and Updates

iShares Global Telecom ETF – Update

Today we are going to take a look at the iShares Global Telecom Exchange Traded Fund (NYSE: IXP - $58.36). The fund seeks to track the S&P Global Telecommunications Services Sector Index and generally invests at least 90% of its assets in securities and depository receipts comprising the index. The investment has not done as… Continue reading iShares Global Telecom ETF – Update

Income · Stocks to Consider and Updates

Utilities Select Sector SPDR Fund – Update

It’s been awhile since I provided an update on the Utilities Select Sector Exchange Traded Fund (NYSE: XLU - $56.51), as there has been little change in the composition of the fund’s holdings. The investment in the fund seeks to provide results that correspond generally to the price and yield performance of securities of the… Continue reading Utilities Select Sector SPDR Fund – Update

Income · Stocks to Consider and Updates

Total Acquires Engie’s Upstream LNG Business

French energy major Total, S.A. (NYSE: TOT - $56.05) said it has signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for $1.49 billion. This portfolio includes participating interests in liquefaction plants, notably a 16.6% interest in the Cameron LNG project in the US; a 5% stake in… Continue reading Total Acquires Engie’s Upstream LNG Business