Word: dividend
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...stock. That's why the stock (MO) has fallen from $60 to $20 in just over a year. Consider: the company's huge, profitable and well-regarded Kraft food division would trade higher than that if it were standing alone. Yet Philip Morris' earnings are on track, and the dividend yield is a mind-boggling 9.7%. Normally, a yield that high suggests the dividend may be cut. Philip Morris raises it, habitually, every August...
...industry liable for damages of $100 billion or so in a class-action case. (Even if the case survives appeal, though no money will change hands for at least a decade.) It's highly unlikely, but possible, that following some huge judgment, a court would freeze Philip Morris' dividend payout. A federal case is next, and there are individual cases. In 1998 tobacco companies settled a suit with the states for $246 billion. It's easy to see why many believe that Big MO is toast...
Candidates are sidestepping thorny topics in their search for their parties' nominations. The focus of the debate has remained too narrow, and our nation will reap the bitter dividend from this. Some crucial issues will go unexamined and unconsidered until well after we have made our collective choice...
...look statesmanlike Thursday night behind President Clinton during the State of the Union address. The administration's record is the centerpiece of Gore's campaign, and that record has no finer salesman than President Clinton during his annual policy address. Gore simply has to show up and reap the dividend...
...stop the Florida Gonzalez family, the Cuban-American activist community and conservative Republican lawmakers from fighting tooth and nail to keep the boy here. And that could create a difficult political choice for the Clinton administration. Less so for Fidel Castro, who's reaped an unexpected domestic political dividend from the actions of the U.S. and the exiled activists, which have enraged ordinary Cubans. Whether Elian is reunited with his father or stays in Miami, the aging Cuban dictator wins...