Lorillard (LO) Increases it’s Dividend

Adam Investing

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 …

I’m in the liquor business

Adam Investing

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 …