Selected Dividends and Earnings for February 27, 2011 to March 5, 2011

Monday, February 28, 2011

Dividends

• Applied Materials (AMAT) - $0.070 payable 23-Mar
• Avery Dennison Corporation (AVY) - $0.250 payable 16-Mar
• Goldman Sachs (GS) - $0.350 payable 30-Mar
• Halliburton Company (HAL) - $0.090 payable 23-Mar
• ITT Corporation (ITT) - $0.250 payable 1-Apr
• Stanley Black & Decker, Inc. (SWK) - $0.410 payable 22-Mar

Earnings

• AES Corporation (AES)
• Edison International (EIX) before market open
• General Growth Properties Inc (GGP)
• Luxottica Group (LUX)
• Range Resources (RRC) after market close
• Titanium Metals Corporation (TIE) before market open
• Warnaco Group, Inc. (WRC) after market close

Tuesday, March 1, 2011

Dividends

• FirstEnergy (FE) - $0.025 payable 7-Mar
• Southwest Airlines (LUV) - $0.005 payable 24-Mar

Earnings

• AutoZone Inc. (AZO) before market open
• CenterPoint Energy (CNP)
• MBIA Inc. (MBI) after market close

Wednesday, March 2, 2011

Dividends

• Analog Devices Inc. (ADI) - $0.220 payable 23-Mar
• Bank of America Corporation (BAC) - $0.010 payable 25-Mar
• C.H. Robinson Worldwide Inc (CHRW) - $0.290 payable 1-Apr
• Dominion Resources Inc. (D) - $0.493 payable 20-Mar
• El Paso Corp. (EP) - $0.010 payable 1-Apr
• Fluor Corporation (FLR) - $0.125 payable 4-Apr
• Gannett (GCI) - $0.040 payable 1-Apr
• Kimberly-Clark (KMB) - $0.700 payable 4-Apr
• Nordstrom (JWN) - $0.230 payable 15-Mar
• Omnicom Group (OMC) - $0.250 payable 1-Apr
• PepsiCo (PEP) - $0.480 payable 31-Mar
• Precision Castparts (PCP) - $0.030 payable 4-Apr
• Questar Corp. (STR) - $0.153 payable 21-Mar
• Sealed Air (SEE) - $0.130 payable 18-Mar

Earnings

• Costco Wholesale Corporation (COST)
• MAIDENFORM BRANDS INC (MFB) before market open
• Staples, Inc. (SPLS)

Thursday, March 3, 2011

Dividends

• Ensco plc (ESV) - $0.350 payable 18-Mar
• Ensco plc (ESV) - $0.350 payable 18-Mar
• Frontier Oil (FTO) - $0.060 payable 21-Mar
• Frontier Oil (FTO) - $0.280 payable 21-Mar
• Nike (NKE) - $0.310 payable 1-Apr
• Praxair Inc (PX) - $0.500 payable 15-Mar
• UnitedHealth Group Inc. (UNH) - $0.125 payable 21-Mar

Earnings

• H.J. Heinz Company (HNZ)
• Novell, Inc. (NOVL)
• The Kroger Co. (KR)
• The Progressive Corporation (PGR)
• Wendy's / Arby's Group, Inc. (WEN) before market open

Friday, March 4, 2011

Dividends

• Ecolab Inc. (ECL) - $0.175 payable 15-Apr
• Tyco Electronics (TEL) - $0.160 payable 16-Mar

Earnings

• Veolia Environnement SA (VE)

Underlined tickers are those that are particularly interesting for me; they may be on my watch list or I may have open positions (i.e. likely naked put options or the underlying).

Selected Dividends and Earnings for January 16, 2011 to January 22, 2011

Tuesday, January 18, 2011

Dividends

• Caterpillar Inc. (CAT) - $0.440 payable 19-Feb

Earnings

• Apple Inc. (AAPL)
• Citigroup Inc. (C)
• Forest Laboratories, Inc. (FRX) before market open
• International Business Machines (IBM)
• Linear Technology (LLTC) after market close

Wednesday, January 19, 2011

Dividends

• Apache Corporation (APA) - $0.150 payable 22-Feb
• CVS Caremark Corporation (CVS) - $0.125 payable 2-Feb
• PerkinElmer (PKI) - $0.070 payable 11-Feb
• Procter & Gamble Company (PG) - $0.482 payable 15-Feb

Earnings

• Comerica Incorporated (CMA) before market open
• eBay (EBAY)
• Goldman Sachs (GS)
• Hudson City Bancorp (HCBK) before market open
• MGIC Investment Corp. (MTG) before market open
• Northern Trust (NTRS) before market open
• SLM Corporation (SLM) after market close
• State Street Corporation (STT) before market open
• U.S. Bancorp (USB) before market open
• Wells Fargo & Company (WFC)
• Xilinx, Inc. (XLNX)

Thursday, January 20, 2011

Dividends

• American International Group (AIG) - payable 19-Jan
• C.R. Bard, Inc. (BCR) - $0.180 payable 4-Feb

Earnings

• Advanced Micro Devices (AMD) after market close
• Capital One Financial Corp. (COF)
• Fifth Third Bancorp (FITB)
• Freeport-McMoRan Copper & Gold (FCX)
• Google (GOOG)
• Huntington Bancshares (HBAN) before market open
• International Game Technology (IGT) after market close
• Intuitive Surgical (ISRG) after market close
• Johnson Controls (JCI) before market open
• Marshall & Ilsley (MI)
• Morgan Stanley (MS)
• Parker Hannifin Corp. (PH) before market open
• People's United Financial Inc. (PBCT)
• PNC Financial Services Group (PNC) before market open
• PPG Industries (PPG) before market open
• Rockwell Collins, Inc. (COL) before market open
• Southwest Airlines (LUV)
• Tyco Electronics (TEL) before market open
• Union Pacific (UNP) before market open
• UnitedHealth Group Inc. (UNH) before market open

Friday, January 21, 2011

Dividends

• Colgate-Palmolive (CL) - $0.530 payable 15-Feb
• Lennar Corporation (LEN) - $0.040 payable 8-Feb

Earnings

• Air Products and Chemicals Inc (APD) before market open
• Bank of America Corporation (BAC)
• BB&T Corporation (BBT) before market open
• First Horizon National Corporation (FHN) before market open
• General Electric (GE)
• Schlumberger (SLB)
• SunTrust (STI) before market open

Underlined tickers are those that are particularly interesting for me; they may be on my watch list or I may have open positions (i.e. likely naked put options or the underlying).

Selected Dividends and Earnings for November 28, 2010 to December 4, 2010

Monday, November 29, 2010

Dividends

• Ashland (ASH) - $0.150 payable 15-Dec
• Ashland (ASH) - $0.150 payable 15-Dec
• Avery Dennison Corporation (AVY) - $0.200 payable 15-Dec
• Ball Corporation (BLL) - $0.100 payable 15-Dec
• Expeditors International WA (EXPD) - $0.200 payable 15-Dec
• Goodrich Corporation (GR) - $0.290 payable 30-Dec
• Hartford Financial Services (HIG) - $0.050 payable 3-Jan
• Kellogg Co. (K) - $0.405 payable 15-Dec
• Lockheed Martin (LMT) - $0.750 payable 31-Dec
• Lorillard, Inc. (LO) - $1.125 payable 13-Dec
• M&T Bank Corporation (MTB) - $0.700 payable 31-Dec
• Marshall & Ilsley (MI) - $0.010 payable 10-Dec
• McDonald's Corporation (MCD) - $0.610 payable 15-Dec
• McKesson Corporation (MCK) - $0.180 payable 3-Jan
• Realty Income Corporation (O) - $0.144 payable 15-Dec
• Sara Lee (SLE) - $0.115 payable 31-Dec
• Schlumberger (SLB) - $0.210 payable 7-Jan
• Sigma-Aldrich Corporation (SIAL) - $0.160 payable 15-Dec
• Supervalu Inc. (SVU) - $0.088 payable 15-Dec
• The Coca-Cola Company (KO) - $0.440 payable 15-Dec
• Tyson Foods (TSN) - $0.040 payable 15-Dec
• Waste Management (WM) - $0.315 payable 17-Dec
• Wendy's / Arby's Group, Inc. (WEN) - $0.020 payable 15-Dec

Tuesday, November 30, 2010

Dividends

• Goldman Sachs (GS) - $0.350 payable 30-Dec
• Home Depot Inc (HD) - $0.236 payable 16-Dec

Wednesday, December 1, 2010

Dividends

• Analog Devices Inc. (ADI) - $0.220 payable 22-Dec
• Bank of America Corporation (BAC) - $0.010 payable 24-Dec
• El Paso Corp. (EP) - $0.010 payable 3-Jan
• Fluor Corporation (FLR) - $0.125 payable 4-Jan
• Halliburton Company (HAL) - $0.090 payable 23-Dec
• Manitowoc (MTW) - $0.080 payable 13-Dec
• Mattel (MAT) - $0.830 payable 16-Dec
• National Oilwell Varco (NOV) - $0.110 payable 17-Dec
• PepsiCo (PEP) - $0.480 payable 3-Jan
• Precision Castparts (PCP) - $0.030 payable 3-Jan
• Qwest Communications (Q) - $0.080 payable 17-Dec
• Sealed Air (SEE) - $0.130 payable 17-Dec
• Stanley Black & Decker, Inc. (SWK) - $0.340 payable 14-Dec

Thursday, December 2, 2010

Dividends

• Coach, Inc. (COH) - $0.150 payable 3-Jan
• Ensco plc (ESV) - $0.350 payable 17-Dec
• Ensco plc (ESV) - $0.350 payable 17-Dec
• Nike (NKE) - $0.310 payable 30-Dec

Earnings

• Novell, Inc. (NOVL) after market close
• The Kroger Co. (KR)

Friday, December 3, 2010

Dividends

• CenturyLink (CTL) - $0.725 payable 20-Dec
• Limited Brands (LTD) - $3.000 payable 21-Dec
• Praxair Inc (PX) - $0.450 payable 15-Dec
• UnitedHealth Group Inc. (UNH) - $0.125 payable 21-Dec

Earnings

• Big Lots, Inc. (BIG)

Underlined tickers are those that are particularly interesting for me; they may be on my watch list or I may have open positions (i.e. likely naked put options or the underlying).

Selected Dividends and Earnings for August 30, 2009 to September 5, 2009

Monday, August 31, 2009

Dividends

• Avery Dennison Corporation (AVY) - $0.200 payable 16-Sep
• Halliburton Company (HAL) - $0.090 payable 22-Sep
• Hartford Financial Services (HIG) - $0.050 payable 1-Oct
• Schlumberger (SLB) - $0.210 payable 2-Oct

Tuesday, September 1, 2009

Dividends

• Home Depot Inc (HD) - $0.225 payable 17-Sep
• Southwest Airlines (LUV) - $0.005 payable 24-Sep

Wednesday, September 2, 2009

Dividends

• Bank of America Corporation (BAC) - $0.010 payable 25-Sep
• C.H. Robinson Worldwide Inc (CHRW) - $0.240 payable 1-Oct
• El Paso Corp. (EP) - $0.050 payable 1-Oct
• Ensco International (ESV) - $0.025 payable 18-Sep
• Fluor Corporation (FLR) - $0.125 payable 2-Oct
• Genuine Parts (GPC) - $0.400 payable 1-Oct
• Kimberly-Clark (KMB) - $0.600 payable 2-Oct
• Merck & Co., Inc. (MRK) - $0.380 payable 1-Oct
• Pepsi Bottling Group (PBG) - $0.180 payable 30-Sep
• PepsiCo (PEP) - $0.450 payable 30-Sep
• Praxair Inc (PX) - $0.400 payable 15-Sep
• Precision Castparts (PCP) - $0.030 payable 28-Sep
• Sealed Air (SEE) - $0.120 payable 18-Sep
• The Stanley Works (SWK) - $0.330 payable 22-Sep

Thursday, September 3, 2009

Dividends

• CenturyTel, Inc. (CTL) - $0.700 payable 21-Sep
• Coach, Inc. (COH) - $0.075 payable 28-Sep
• International Game Technology (IGT) - $0.060 payable 9-Oct
• Newmont Mining Corporation (NEM) - $0.100 payable 28-Sep
• Nike (NKE) - $0.250 payable 1-Oct
• Sara Lee (SLE) - $0.110 payable 7-Oct
• VF Corporation (VFC) - $0.590 payable 18-Sep
• Waste Management (WM) - $0.290 payable 25-Sep

Earnings

• Ciena Corporation (CIEN) before market open

Friday, September 4, 2009

Dividends

• Anadarko Petroleum Corporation (APC) - $0.090 payable 23-Sep
• Becton, Dickinson and Company (BDX) - $0.330 payable 30-Sep
• Frontier Communications Corporation (FTR) - $0.250 payable 30-Sep
• PSEG (PEG) - $0.333 payable 30-Sep

Earnings

• H&R Block, Inc. (HRB) before market open

Underlined tickers are those that are particularly interesting for me; they may be on my watch list or I may have open positions (i.e. likely naked put options or the underlying).

Selected Dividends and Earnings for July 12, 2009 to July 18, 2009

Monday, July 13, 2009

Dividends

• Abbott (ABT) - $0.400 payable 15-Aug
• Oracle (ORCL) - $0.050 payable 13-Aug

Earnings

• CSX Corporation (CSX) after market close
• Novellus Systems, Inc. (NVLS) after market close

Tuesday, July 14, 2009

Earnings

• Altera Corporation (ALTR) after market close
• Goldman Sachs (GS) before market open
• Intel Corporation (INTC) after market close
• Johnson & Johnson (JNJ)
• Yum! Brands, Inc. (YUM) after market close

Wednesday, July 15, 2009

Dividends

• EOG Resources, Inc. (EOG) - $0.145 payable 31-Jul
• Lowe's Companies (LOW) - $0.090 payable 31-Jul
• PerkinElmer (PKI) - $0.070 payable 7-Aug
• Yum! Brands, Inc. (YUM) - $0.190 payable 7-Aug

Earnings

• Abbott (ABT) before market open
• Cintas Corporation (CTAS) after market close
• Gannett (GCI) before market open
• W.W. Grainger (GWW) before market open
• Xilinx, Inc. (XLNX) after market close

Thursday, July 16, 2009

Dividends

• C.R. Bard, Inc. (BCR) - $0.170 payable 31-Jul
• Caterpillar Inc. (CAT) - $0.420 payable 20-Aug

Earnings

• Baxter International Inc. (BAX)
• Biogen Idec Inc. (BIIB) before market open
• Genuine Parts (GPC) before market open
• Google (GOOG)
• Harley-Davidson (HOG) before market open
• International Business Machines (IBM) after market close
• JPMorgan Chase & Co. (JPM)
• Marriott International (MAR) before market open
• MGIC Investment Corp. (MTG) before market open
• People's United Financial Inc. (PBCT) after market close
• PPG Industries (PPG) before market open
• Umpqua Holdings Corporation (UMPQ) before market open

Friday, July 17, 2009

Earnings

• Bank of America Corporation (BAC)
• BB&T Corporation (BBT) before market open
• Citigroup Inc. (C)
• First Horizon National Corporation (FHN) before market open
• General Electric (GE) before market open
• Marshall & Ilsley (MI)
• Mattel (MAT) before market open

Underlined tickers are those that are particularly interesting for me; they may be on my watch list or I may have open positions (i.e. likely naked put options or the underlying).

Selected Dividends and Earnings for April 19, 2009 to April 25, 2009

Monday, April 20, 2009

Dividends

• Apache Corporation (APA) - $0.150 payable 22-May
• CVS Caremark Corporation (CVS) - $0.076 payable 4-May

Earnings

• Bank of America Corporation (BAC) before market open
• Boston Scientific Corporation (BSX) after market close
• Eaton (ETN) before market open
• Eli Lilly (LLY) before market open
• Halliburton Company (HAL) before market open
• Hasbro, Inc. (HAS) before market open
• International Business Machines (IBM) after market close
• Lincare Holdings (LNCR) after market close
• PepsiCo (PEP) before market open
• Stryker (SYK)
• Texas Instruments (TXN) after market close
• Weatherford International (WFT) before market open
• Zions Bancorp (ZION) after market close

Tuesday, April 21, 2009

Earnings

• Advanced Micro Devices (AMD)
• AK Steel Holding Corp (AKS)
• Altera Corporation (ALTR) after market close
• Ameriprise Financial, Inc. (AMP) after market close
• Bank of New York Mellon Corp (BK) before market open
• BJ Services Company (BJS) before market open
• Broadcom (BRCM) before market open
• C.H. Robinson Worldwide Inc (CHRW) after market close
• Capital One Financial Corp. (COF) after market close
• Caterpillar Inc. (CAT)
• Coach, Inc. (COH) before market open
• Comerica Incorporated (CMA) before market open
• DuPont (DD) before market open
• Forest Laboratories, Inc. (FRX) before market open
• Gilead Sciences (GILD)
• Hudson City Bancorp (HCBK) after market close
• Huntington Bancshares (HBAN) before market open
• Johnson Controls (JCI)
• KeyCorp (KEY) before market open
• Lexmark International, Inc. (LXK)
• Lockheed Martin (LMT)
• M&T Bank Corporation (MTB) before market open
• Merck & Co., Inc. (MRK) before market open
• Molex Inc. (MOLX)
• Nabors Industries (NBR) after market close
• Norfolk Southern Corp (NSC) after market close
• Northern Trust (NTRS) before market open
• Quest Diagnostics (DGX) before market open
• Regions Financial Corp. (RF) before market open
• SanDisk Corp. (SNDK) after market close
• Schering-Plough (SGP) before market open
• State Street Corporation (STT) before market open
• Terex Corporation (TEX) after market close
• The Coca-Cola Company (KO) before market open
• The New York Times Company (NYT) before market open
• U.S. Bancorp (USB) before market open
• United Technologies (UTX) before market open
• UnitedHealth Group Inc. (UNH) before market open
• Western Union Co. (WU) before market open
• Yahoo, Inc. (YHOO) after market close

Wednesday, April 22, 2009

Dividends

• Colgate-Palmolive (CL) - $0.440 payable 15-May
• Pall Corp. (PLL) - $0.145 payable 8-May
• Procter & Gamble Company (PG) - $0.440 payable 15-May

Earnings

• Air Products and Chemicals Inc (APD) before market open
• Allegheny Technologies (ATI) before market open
• Altria Group, Inc. (MO)
• Apple Inc. (AAPL) after market close
• AT&T (T) before market open
• C.R. Bard, Inc. (BCR) after market close
• Dover Corporation (DOV)
• eBay (EBAY) after market close
• Elan Corporation, plc (ELN) before market open
• Equifax Inc. (EFX) after market close
• Freeport-McMoRan Copper & Gold (FCX) before market open
• Genzyme Corporation (GENZ) before market open
• Ingersoll-Rand Co. Ltd. (IR)
• iRobot Corp. (IRBT) after market close
• Kimberly-Clark (KMB) before market open
• Leggett & Platt (LEG) after market close
• McDonald's Corporation (MCD) before market open
• Morgan Stanley (MS) before market open
• NOBLE CORPORATION BAAR (NE) after market close
• Northrop Grumman (NOC) before market open
• Novellus Systems, Inc. (NVLS) after market close
• Pactiv (PTV) after market close
• Pepsi Bottling Group (PBG) before market open
• Robert Half International (RHI) after market close
• Ryder System, Inc. (R) before market open
• SLM Corporation (SLM) after market close
• Snap-on Incorporated (SNA) before market open
• St. Jude Medical, Inc. (STJ) before market open
• T. Rowe Price (TROW) before market open
• The Boeing Company (BA)
• Torchmark (TMK) after market close
• WellPoint, Inc. (WLP)
• Wells Fargo & Company (WFC)
• Xilinx, Inc. (XLNX) after market close
• Yum! Brands, Inc. (YUM) after market close

Thursday, April 23, 2009

Dividends

• C.R. Bard, Inc. (BCR) - $0.160 payable 8-May
• Clorox (CLX) - $0.460 payable 15-May
• The Washington Post Company (WPO) - $2.150 payable 8-May
• Unum Group (UNM) - $0.075 payable 15-May

Earnings

• Amazon.com, Inc. (AMZN) after market close
• American Express Company (AXP) after market close
• AmeriSourceBergen (ABC) before market open
• Amgen (AMGN) after market close
• AutoNation (AN) before market open
• Avocent Corporation (AVCT) after market close
• Ball Corporation (BLL) before market open
• Black & Decker Corporation (BDK) before market open
• Burlington Northern Santa Fe Corporation (BNI)
• Chicago Mercantile Exchange Holdings Inc. (CME) before market open
• Chubb Corporation (CB) after market close
• CIT Group (CIT) before market open
• ConocoPhillips (COP)
• CONSOL Energy (CNX) before market open
• Cooper Industries Ltd. (CBE) before market open
• Danaher (DHR)
• Developers Diversified Realty Co. (DDR) after market close
• Eastman Chemical Company (EMN) after market close
• EMC Corporation (EMC) before market open
• Ensco International (ESV) before market open
• Exelon Corporation (EXC) before market open
• Federated Investors, Inc (FII) after market close
• Fifth Third Bancorp (FITB)
• Goodrich Corporation (GR) before market open
• Host Hotels & Resorts Inc. (HST) after market close
• IMS Health (RX) before market open
• International Game Technology (IGT) before market open
• Janus Capital Group Inc. (JNS) before market open
• JetBlue Airways (JBLU) before market open
• Juniper Networks (JNPR) after market close
• KLA-Tencor (KLAC) after market close
• L-3 Communications Holdings, Inc. (LLL) before market open
• Laboratory Corporation of America (LH) before market open
• Marriott International (MAR) before market open
• Marshall & Ilsley (MI) before market open
• MEMC Electronic Materials (WFR) after market close
• Microsoft (MSFT) after market close
• National Oilwell Varco (NOV) before market open
• Nucor (NUE) before market open
• Occidental Petroleum Corporation (OXY) before market open
• Philip Morris International (PM) before market open
• PNC Financial Services Group (PNC)
• RadioShack Corporation (RSH) before market open
• Raytheon (RTN) before market open
• Seacoast Banking FL (SBCF) after market close
• Sigma-Aldrich Corporation (SIAL)
• SunTrust (STI) before market open
• Supervalu Inc. (SVU)
• The Hershey Company (HSY) before market open
• Thermo Fisher Scientific (TMO) before market open
• Union Pacific (UNP)
• United Parcel Service, Inc. (UPS)
• Zimmer Holdings, Inc. (ZMH)

Friday, April 24, 2009

Earnings

• 3M Company (MMM) before market open
• Ford Motor Company (F) before market open
• Honeywell (HON) before market open
• ITT Corporation (ITT) before market open
• Schlumberger (SLB)
• The Stanley Works (SWK) before market open
• Xerox Corporation (XRX)

Underlined tickers are those that are particularly interesting for me; they may be on my watch list or I may have open positions (i.e. likely naked put options or the underlying).

Selected Dividends and Earnings for March 1, 2009 to March 7, 2009

Monday, March 2, 2009

Dividends

• Avery Dennison Corporation (AVY) - $0.410 payable 18-Mar
• ITT Corporation (ITT) - $0.213 payable 1-Apr
• The Stanley Works (SWK) - $0.320 payable 24-Mar

Earnings

• American Capital Ltd. (ACAS) before market open
• American International Group (AIG) before market open
• Dynavax (DVAX) before market open
• Edison International (EIX)
• Pepco Holdings, Inc. (POM)
• Wendy's / Arby's Group, Inc. (WEN) before market open

Tuesday, March 3, 2009

Dividends

• Harley-Davidson (HOG) - $0.100 payable 19-Mar

Earnings

• AutoZone Inc. (AZO) before market open
• MBIA Inc. (MBI)
• Xilinx, Inc. (XLNX) before market open

Wednesday, March 4, 2009

Dividends

• Analog Devices Inc. (ADI) - $0.200 payable 25-Mar
• Bank of America Corporation (BAC) - $0.010 payable 27-Mar
• C.H. Robinson Worldwide Inc (CHRW) - $0.240 payable 1-Apr
• El Paso Corp. (EP) - $0.050 payable 1-Apr
• Fluor Corporation (FLR) - $0.125 payable 2-Apr
• Gannett (GCI) - $0.040 payable 1-Apr
• Genuine Parts (GPC) - $0.400 payable 1-Apr
• Kimberly Clark (KMB) - $0.600 payable 2-Apr
• Manitowoc (MTW) - $0.020 payable 16-Mar
• Merck & Co., Inc. (MRK) - $0.380 payable 1-Apr
• Newmont Mining Corporation (NEM) - $0.100 payable 27-Mar
• Omnicom Group (OMC) - $0.150 payable 3-Apr
• Pepsi Bottling Group (PBG) - $0.170 payable 31-Mar
• PepsiCo (PEP) - $0.425 payable 31-Mar
• Praxair Inc (PX) - $0.400 payable 16-Mar
• Precision Castparts (PCP) - $0.030 payable 30-Mar
• Sealed Air (SEE) - $0.120 payable 20-Mar

Earnings

• Big Lots, Inc. (BIG)
• Liz Claiborne (LIZ) before market open
• MAIDENFORM BRANDS INC (MFB) before market open

Thursday, March 5, 2009

Dividends

• Allegheny Energy, Inc. (AYE) - $0.150 payable 23-Mar
• Ensco International (ESV) - $0.025 payable 20-Mar
• Frontier Communications Corporation (FTR) - $0.250 payable 31-Mar
• Nike (NKE) - $0.250 payable 1-Apr
• Waste Management (WMI) - $0.290 payable 20-Mar

Earnings

• Ciena Corporation (CIEN) before market open

Friday, March 6, 2009

Dividends

• Baxter International Inc. (BAX) - $0.260 payable 1-Apr
• Becton, Dickinson and Company (BDX) - $0.330 payable 31-Mar
• Chicago Mercantile Exchange Holdings Inc. (CME) - $1.150 payable 25-Mar
• Constellation Energy Group, Inc. (CEG) - $0.240 payable 1-Apr
• Ecolab Inc. (ECL) - $0.140 payable 15-Apr
• Northern Trust (NTRS) - $0.280 payable 1-Apr
• Occidental Petroleum Corporation (OXY) - $0.320 payable 15-Apr
• Pepco Holdings, Inc. (POM) - $0.270 payable 31-Mar
• PPL Corporation (PPL) - $0.345 payable 1-Apr
• PSEG (PEG) - $0.333 payable 31-Mar
• Reynolds American, Inc. (RAI) - $0.850 payable 1-Apr
• The Travelers Companies, Inc. (TRV) - $0.300 payable 31-Mar
• VF Corporation (VFC) - $0.590 payable 20-Mar

Earnings

• Veolia Environnement SA (VE)

Underlined tickers are those that are particularly interesting for me; they may be on my watch list or I may have open positions (i.e. likely naked put options or the underlying).

Selected Dividends and Earnings for November 30, 2008 to December 6, 2008

Monday, December 1, 2008

Dividends

• Avery Dennison Corporation (AVY) - $0.410 payable 17-Dec
• Halliburton Company (HAL) - $0.090 payable 26-Dec
• Schlumberger (SLB) - $0.210 payable 9-Jan

Tuesday, December 2, 2008

Dividends

• CBS Corporation (CBS) - $0.270 payable 1-Jan
• Home Depot Inc (HD) - $0.225 payable 18-Dec

Earnings

• Sears Holdings Corp (SHLD) before market open
• Staples, Inc. (SPLS)

Wednesday, December 3, 2008

Dividends

• Analog Devices Inc. (ADI) - $0.200 payable 24-Dec
• Bank of America Corporation (BAC) - $0.320 payable 26-Dec
• C.H. Robinson Worldwide Inc (CHRW) - $0.240 payable 2-Jan
• El Paso Corp. (EP) - $0.050 payable 2-Jan
• Fluor Corporation (FLR) - $0.125 payable 5-Jan
• Genuine Parts (GPC) - $0.390 payable 2-Jan
• Kimberly Clark (KMB) - $0.580 payable 5-Jan
• Mattel (MAT) - $0.750 payable 18-Dec
• Merck & Co., Inc. (MRK) - $0.380 payable 2-Jan
• Newmont Mining Corporation (NEM) - $0.100 payable 29-Dec
• Pepsi Bottling Group (PBG) - $0.170 payable 2-Jan
• PepsiCo (PEP) - $0.425 payable 2-Jan
• Praxair Inc (PX) - $0.375 payable 15-Dec
• Precision Castparts (PCP) - $0.030 payable 29-Dec
• Sealed Air (SEE) - $0.120 payable 19-Dec
• The Stanley Works (SWK) - $0.320 payable 16-Dec

Thursday, December 4, 2008

Dividends

• D.R. Horton (DHI) - $0.038 payable 18-Dec
• Ensco International (ESV) - $0.025 payable 19-Dec
• Nike (NKE) - $0.250 payable 5-Jan
• PSEG (PEG) - $0.323 payable 31-Dec

Earnings

• Novell, Inc. (NOVL) after market close

Friday, December 5, 2008

Dividends

• Frontier Communications Corporation (FTR) - $0.250 payable 31-Dec
• VF Corporation (VFC) - $0.590 payable 19-Dec
• XL Capital Ltd (XL) - $0.190 payable 30-Dec

Earnings

• Big Lots, Inc. (BIG)

Underlined tickers are those that are particularly interesting for me; they may be on my watch list or I may have open positions (i.e. likely naked put options or the underlying).

GSE bailout means interesting trading day

Financial stocks are going to be volatile on Monday following the Fannie (FNM) and Freddie (FRE) bailout. I am not whether this is good news or bad news but the S&P futures are up 3%+.

I don't think this changes anything so I am still going to be selling on strength in the financials. I am going sell some shallow in the money calls on positions like Wachovia (WB) or Bank of America (BAC) on the surge tomorrow. This is an opportunity to put on hedges at good valuations (despite implied volatility being low).

Selected Dividends and Earnings for August 31, 2008 to September 6, 2008

Tuesday, September 2, 2008

Dividends

• Home Depot Inc (HD) - $0.225 payable 18-Sep

Wednesday, September 3, 2008

Dividends

• American International Group (AIG) - $0.220 payable 19-Sep
• Bank of America Corporation (BAC) - $0.640 payable 26-Sep
• C.H. Robinson Worldwide Inc (CHRW) - $0.220 payable 1-Oct
• El Paso Corp. (EP) - $0.050 payable 1-Oct
• Fluor Corporation (FLR) - $0.125 payable 2-Oct
• Genuine Parts (GPC) - $0.390 payable 1-Oct
• Kimberly Clark (KMB) - $0.580 payable 2-Oct
• Merck & Co., Inc. (MRK) - $0.380 payable 1-Oct
• Newmont Mining Corporation (NEM) - $0.100 payable 26-Sep
• Pepsi Bottling Group (PBG) - $0.170 payable 30-Sep
• PepsiCo (PEP) - $0.425 payable 30-Sep
• Praxair Inc (PX) - $0.375 payable 15-Sep
• Precision Castparts (PCP) - $0.030 payable 29-Sep
• Sealed Air (SEE) - $0.120 payable 19-Sep
• The Stanley Works (SWK) - $0.320 payable 23-Sep

Earnings

• H&R Block, Inc. (HRB) after market close
• Staples, Inc. (SPLS) before market open

Thursday, September 4, 2008

Dividends

• Ensco International (ESV) - $0.025 payable 19-Sep
• Nike (NKE) - $0.230 payable 1-Oct
• PSEG (PEG) - $0.323 payable 30-Sep

Earnings

• Ciena Corporation (CIEN) before market open

Friday, September 5, 2008

Dividends

• Becton, Dickinson and Company (BDX) - $0.285 payable 30-Sep
• CenturyTel, Inc. (CTL) - $0.700 payable 22-Sep
• Embarq Corporation (EQ) - $0.688 payable 30-Sep
• Federated Investors, Inc (FII) - $2.760 payable 15-Sep
• Frontier Communications Corporation (FTR) - $0.250 payable 30-Sep
• VF Corporation (VFC) - $0.580 payable 19-Sep

Earnings

• National Semiconductor (NSM) before market open

Underlined tickers are those that are particularly interesting for me; they may be on my watch list or I may have open positions (i.e. likely naked put options or the underlying).

Closing Hedges on Wachovia (WB) and Bank of America (BAC)

Short selling restrictions lapsing on broker-dealers combined with options expiration week (lots of open interest with strikes below the current price) means that we are seeing downward pressure. It might be temporary or it might be another few weeks of financial doom and gloom.

Either way, this is a good time to take profits on any calls (naked or covered) on financials (WB, BAC, BCS). I am closing some August 17.5 and 20 WB calls and also closing some September 20 calls. The plan is either to write lower strike calls for more time premium or to wait for an uptick. Which happens depends on price action for the rest of the week.

Two Interesting Drops: Whole Foods Market (WFMI) and Otter Tail (OTTR)

During the day, Otter Tail (OTTR), a wind energy play, is down 20% and back to reasonable valuations after an earnings miss. Possible slow down trend in days to come as the Cramerica crowd get nervous. After that, it's a good put selling stock. High dividend payout means that there is some pricing support (and it's great to carry the stock while selling calls against it). I am looking at selling some longer term options.

Don't know much about OTTR. Did a rush read through the annual report during the day. They are a bunch of diversified businesses. So I am going to add some delta and then see where it heads. I like dividend stocks in interesting industries.

With the new lower multiple, it might be interesting to pair trade OTTR and FPL (i.e. short FPL and long OTTR).

Whole Foods Market (WFMI) misses and guides down. WFMI is down 20% after hours. I am short some Aug 24 calls against some naked Nov 25 puts. Looking to increase delta at these levels through a combination of events. Let the Aug 24 calls expire. Buy back the puts and the stock (artificial assignment). Then sell some more out of the money puts.

It wasn't hard to guess that WFMI would miss and guide down. High end groceries in a consumer led downturn. It's a matter of whether the news is priced in. On a huge rally day, the news seems particularly bad.

So, the interim plan is: Sell covered calls on banks (WB, BAC, BCS); sell front month naked calls (as a way of initiating a short position) on credit risk plays (COF, FNM, FRE); sell long term out of the money naked puts on commodities (CHK, FCX, VLO, TSO, FTO).

VMware earnings report - a case study in pricing

VMware shares are down 26% to 61.18 in after hours trading following its earnings release. But what exactly did they do wrong? Was it the tone of the conference call (I haven't heard it yet)? They posted an 80% rise in 4Q revenue but missed by 1% ($412M instead of $417M). Their earnings were 0.19 versus the consensus estimate of 0.24 but this included -0.07 of non-recurring line items.

From all metrics, this company is executing well. The problem is that they missed expectations. This is where risk vs. reward trade-off analysis comes in. At a price of 125 (the 52 week high), VMW was incredibly risky because all the upside is priced in. That doesn't mean it can't go higher in the short term. But in the long term, it's hard to see VMware (as it is now) as a $48B company. Some day, valuation ratios will come into play.

As I am sure everyone is already aware, there's a famous Benjamin Graham quote that goes "In the short run, the market is a voting machine, but in the long run it is a weighing machine."

Another interesting thing about the VMware drop is the correlation with the EMC drop. I have seen many articles about using EMC as a way to get VMW cheap. The argument usually goes as follows. Each share of EMC owns 0.155 shares of VMW. With VMW at 85, it accounted for 13.18 of EMC's price.

So with EMC at around 17, you would expect to see 78% of the move in VMW in EMC. But today, EMC dropped 13% while VMW is down 26% (about 50% correlation). So what's wrong?

This is where the Graham quote comes in; in the short term, the market is a voting machine. The market price for a share of stock is the price necessary that balances the number of buyers with sellers. It doesn't necessarily correspond to the long term value of the shares.

At any given time, there are many who are willing to sell, but only at a price above the market price (otherwise they would have sold). This is why most takeovers, LBO, etc. clear at 40% premium to the market price before the deal (or the rumor). This also explains why Countrywide Financial (CFC) dropped after the Bank of America (BAC) offer. It was below the market price.

The bid price is only valid for the bid size and the ask price is only valid for the ask size. To assume otherwise would be foolish. The market capitalization is a poor valuation metric. Stock being heavily sold will dip below the long term price and stock being heavily bought will go above the long term price. This is the same reason why technical indicators work. By looking at price action, you get a view of the supply and demand imbalance.

I think EMC is a good deal at these prices. The stock is supported by their core business. EMC has traded at a high of 14 for years. EMC was at 14 when they bought VMware for $635M of cash in December, 2003. Their business has gotten stronger as they acquired other franchises (like Mozy and Documentum). They are ready for the future reality of managed storage. If VMware is any indication, they are good at buying businesses.

VMware on the other hand is a risky proposition. Their business has great potential but there are also many competitors emerging. They promote the model of paying for licenses once whereas many other software companies are moving towards SaaS (Software as a Service). But the part I worry about trading short term options is that we are going to see a lot of selling pressure from EMC and other holders. EMC's cost basis in VMW is about 1.95 (if we ignore the money the put into it after the purchase). It's hard to compete with them. I may think that VMware is a good stock at 30 a share. For EMC, it's completely different. They need to sell (at least some) to raise cash for other acquisitions. They also need to diversify their assets while focusing on their core business. Buying VMW before EMC starts selling is dangerous. Profitable maybe, but dangerous.