Lorillard, Inc. (LO), the third largest manufacturer of cigarettes in the United States, announced today that its Board of Directors approved a 7% increase in the quarterly dividend on its common stock from $0.615 per share to $0.66 per share. The dividend is payable on March 10, 2015 to stockholders of record as of March 2, 2015. Those boosts are …
Stealth Wealth and Badassity
Update: PhilosophicalEconomics did a fantastic post on the math behind Ronald’s portfolio and can you still do it today. One of my favorite kinds of stories popped up this week. I know it’s been covered in a lot of places, but I wanted to talk about it for a few minutes. I feel like I just found Mr. Money Mustache‘s long …
Side Income Case Study: Taxes
I have a friend with a CPA, that like me works for a major oil and gas firm. I always knew he was working his side hustle but I didn’t how well he was actually doing. In a few years of hard work, my friend has managed to amass almost $30,000 per year in side earnings! 2,500 per month! That’s massive. …
Cash Flow is King
I work in Houston, which lives and dies by the price of oil and gas. When commodity prices are up, we’re a true boom town, but when they go bad, the whole city can go south quickly. Just in the past week, Schlumberger has announced at least 9,000 layoffs and dozens of other smaller companies are following similar exercises. The …
I’m in the liquor business
I recently opened a position in one of my favorite companies, Diageo (NYSE:DEO) at a price of roughly $112. Most Americans have probably never heard of Diageo, but they (along with Brown-Forman and Pernod Ricard) control the bulk of the major liquor brands that we regularly purchase. Diageo owns Smirnoff and Johnnie Walker, the world’s best selling vodka and whiskey. They also …
My Recent Energy Purchases – Part 2
As I wrote about here, I believe large cap energy has a lot of value, and I outlined my new position in BP. I mentioned a few articles back, energy have been in deep decline recently and has gone down even more since the OPEC meeting Thursday. Almost all energy names have slide considerably across the board, so I’m now …
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