Finance
Juneteenth: Why financial literacy needs to be part of the holiday celebration
Brock Harrell, of Galveston, rings a bell throughout a reenactment to have fun Juneteenth, which commemorates the top of slavery in Texas, two years after the 1863 Emancipation Proclamation freed slaves elsewhere in the US, in Galveston, Texas, June 19, 2021.
Callaghan O’Hare | Reuters
Financially targeted podcast Earn Your Leisure is aiming to normalize overtly speaking about cash, wealth constructing and monetary freedom on Juneteenth, the vacation that commemorates the top of slavery in America.
“Numerous instances we deal with the social influence of slavery after which racism and discrimination of that nature. What’s simply as essential is the financial influence,” Rashad Bilal of Earn Your Leisure instructed CNBC. “If you simply perceive that slavery was actually a monetary system that was put in place totally free labor. So if you see our ancestors truly sacrificed their lives and that was achieved for financial empowerment, it forces you to take a look at your funds,” Bilal mentioned.
Earn Your Leisure has greater than 1 million followers and is a part of a rising motion of financially targeted social influencers together with Kezia Williams, Ian Dunlap aka the Grasp Investor, Wall Road Trapper, Ross Mac, Philip Michael, WorthLifeBalance, and plenty of others.
Extra from Spend money on You:
Pupil mortgage forgiveness might slender racial wealth hole, say advocates
Why racial justice teams need Congress to reinstate baby tax credit score
Michigan turns into 14th state to mandate private finance training
Every has a unique fashion and focus however all agree, the information on Black wealth is regarding.
Based on Dr. William Darity of Duke College, the racial wealth hole — the disparity in property between Black and white Individuals — is over $11 trillion {dollars}.
The median wealth for a white household was $188,200 in 2019, in comparison with $24,100 for Black households and $36,100 for Hispanic households, in response to the Federal Reserve’s 2019 Survey of Client Funds, launched in September 2020. One forecast for the median Black Household sees it falling to $0 if present tendencies proceed.
“You do not need to simply waste your cash. You possibly can truly use that cash to vary the trajectory of your loved ones. Monetary training is one thing you need to use to vary the trajectory of your loved ones. Our ancestors weren’t afforded that chance, they had been pressured to work totally free,” Bilal mentioned.
Social media influencer Ian Dunlap says this Juneteenth there’s an pressing want for the Black group to know long-term investing in shares and the chance that may create for wealth. “Investing isn’t laborious,” he instructed CNBC. “The info is there, the knowledge is there. My analysis exhibits when you maintain the S&P 500 Index fund or equal for 30-years, you’ve a 0% probability of shedding your funding, and a 100% probability of being worthwhile.”
Kezia Williams is concentrated on Black entrepreneurship and the way it can assist construct generational wealth, however she emphasised that it takes collaboration and intentional financial choices to construct sustainable Black companies. For the third 12 months, she is encouraging folks to buy at Black companies and put up their receipts on-line with the MyBlackReceipt hashtag.
Kezia Williams
Kezia Williams | Black upStart
“We have to purchase from a Black Enterprise deliberately! It must be a observe we embrace every day,” Williams instructed CNBC. “The pandemic created alternatives to succeed in folks in areas exterior the normal media. There are lots of feminine monetary influencers who’re educating, creating fantastic content material and it will be nice for them to search out or construct areas to have their voices heard,” she mentioned.
Philip Michael is working to create 100,000 Black Millionaires by actual property investing by 2030. “Residence possession is the gateway drug to wealth,” he instructed CNBC. The Black group wants to take a look at rising funding automobiles like his NYCE app that enables buyers to buy a “fractional share” of a property. “I need to enhance the cash psychology particularly for Black folks. It is simply breaking away a few of these perceived boundaries that now we have mentally about how we will get began with investing. It is not only for rich folks, it’s a necessity,” Michael mentioned.
The housing market is at present below stress with mortgage charges seeing their largest weekly leap since 1987, and shares have examined buyers not too long ago with the S&P 500 slipping right into a bear market and extra aggressive property like tech investments and cryptocurrencies taking large losses.
However, a number of the market’s wealthiest buyers say bear markets are once-in-a-lifetime alternatives to speculate, and these influencers advocate for publicity to riskier property as a part of an funding portfolio. Along with blue-chip tech shares, Dunlap advises exploring alternatives in Web3 and the metaverse. Williams advocates for ladies moving into the cryptocurrency area and stepping up as influencers to deal with the distinctive challenges feminine buyers face.
For Earn Your Leisure, the dialog, psychology and likes on social media are nice. However they’re trying ahead to seeing the actions, choices and targets of the brand new era of buyers they’ve helped encourage.
“We needed to make studying about finance and generational wealth a cool factor, we needed to make it a commonplace dialog. I did not develop up with conversations like that on the dinner desk. However think about if we did?” Troy Millings of Earn Your Leisure instructed CNBC. “Think about if on the barbershop we weren’t arguing about the perfect basketball participant, however we had been speaking in regards to the prime corporations, what that might do to a neighborhood.”
SIGN UP: Cash 101 is an 8-week studying course to monetary freedom, delivered weekly to your inbox. For the Spanish model Dinero 101, click on right here.
Disclosure: NBCUniversal and Comcast Ventures are buyers in Acorns.
Finance
Vallourec SA (VLOUF) Q3 2024 Earnings Call Highlights: Strategic Moves and Financial Resilience …
-
EBITDA Margin: Maintained a healthy margin similar to previous quarters.
-
Full Year EBITDA Outlook: Reiterated at EUR800 million to EUR850 million.
-
Cash Generation: EUR130 million in Q3, reducing net debt for the eighth consecutive quarter.
-
Net Debt Reduction: Over EUR1.2 billion reduction since 2022.
-
Q3 Group EBITDA Margin: Close to 19%.
-
Tubes Volumes: Reduced to 292 kilotons in Q3.
-
Mine & Forest Segment EBITDA: Expected slightly below EUR100 million for the full year.
-
Net Debt Reduction in Q3: EUR124 million.
-
Full Year Mine Production Expectation: Approximately 5 million tonnes, down from 6 million tonnes.
-
Q3 Cash Flow: Total cash generation of EUR130 million.
Release Date: November 15, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
-
Vallourec SA (VLOUF) maintained a healthy EBITDA margin in Q3 2024, driven by strong international OCTG market performance.
-
The company generated significant cash flow, reducing net debt for the eighth consecutive quarter, totaling a reduction of over EUR1.2 billion since 2022.
-
Vallourec SA (VLOUF) announced its first strategic acquisition in nearly a decade with Thermotite do Brasil, enhancing its position in the offshore line pipe market.
-
The company is progressing well with its optimization program in Brazil, which is expected to significantly contribute to closing the profitability gap.
-
Vallourec SA (VLOUF) plans to announce a dividend proposal for its 2025 AGM, marking the first dividend in 10 years, reflecting strong financial health.
-
The US OCTG market experienced softness, impacting Vallourec SA (VLOUF)’s overall performance.
-
The global iron ore market softened in Q3, leading to lower prices and sales volumes in the Mine & Forest segment.
-
Vallourec SA (VLOUF) lowered its full-year mine production expectations to approximately 5 million tonnes, down from 6 million tonnes.
-
Q3 2024 saw a reduction in tonnage sold and a slight decrease in average realized prices, leading to a year-over-year decline in revenues and EBITDA.
-
The company faces potential challenges from the new tax environment in France, which could impact shareholder remuneration strategies like share buybacks.
Q: Is a share buyback still an option for shareholder remuneration given the new tax environment in France? A: Philippe Guillemot, CEO: While we never exclude any ways to return excess cash to shareholders, the potential tax implications in France make share buybacks less attractive. We plan to return cash to shareholders with a payout ratio of 80% to 100%, starting from Q3. The dividend proposal will be announced in February, based on Q3 cash generation.
SHEPHERDSTOWN, W. Va., November 15, 2024–(BUSINESS WIRE)–JSB Financial Inc. (OTCPink: JFWV) reported net income of $2.0 million for the quarter ended September 30, 2024, representing an increase of $1.3 million when compared to $643 thousand for the quarter ended September 30, 2023. Basic and diluted earnings per common share were $7.64 and $2.33 for the third quarter of 2024 and 2023, respectively. The third quarter results include the recognition of an interest recovery totaling $1.3 million, a recovery to the allowance for credit losses on loans totaling $252 thousand and a recovery of legal fees totaling $17 thousand on prior nonperforming loans. Excluding the impact of these notable items, pre-tax income of $959 thousand for the third quarter of 2024 was $187 thousand more than the same period in 2023.
Net income for the nine months ended September 30, 2024 totaled $3.4 million, representing an increase of $1.1 million when compared to $2.3 million for the same period in 2023. Basic and diluted earnings per common share were $13.33 and $8.46 for the nine months ended September 30, 2024 and 2023, respectively. Annualized return on average assets and average equity for September 30, 2024 was 0.87% and 17.65%, respectively, and 0.66% and 13.17%, respectively, for September 30, 2023. Excluding the impact of the notable items in the third quarter of 2024, pre-tax income of $2.7 million for the nine months ended September 30, 2024 was $96 thousand lower than the same period in 2023.
“We are pleased with our performance for the third quarter, which includes one-time recoveries on nonperforming loans totaling $1.5 million. Additionally, our team continued to create, deepen and expand our customer relationships which resulted in an increase in total deposits of 10% when compared to the second quarter and 17% year-over-year,” said President and Chief Executive Officer, Cindy Kitner. “During the third quarter, we saw stable loan growth, which was funded through loan maturities and deposit growth, and we continue to have strong credit quality metrics including past dues, nonaccruals, charge offs and nonperforming loans, all of which remained at historically low levels.”
Finance
Interested In Manulife Financial’s (TSE:MFC) Upcoming CA$0.40 Dividend? You Have Four Days Left
Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see Manulife Financial Corporation (TSE:MFC) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company’s books as a shareholder in order to receive the dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Accordingly, Manulife Financial investors that purchase the stock on or after the 20th of November will not receive the dividend, which will be paid on the 19th of December.
The company’s next dividend payment will be CA$0.40 per share. Last year, in total, the company distributed CA$1.60 to shareholders. Looking at the last 12 months of distributions, Manulife Financial has a trailing yield of approximately 3.5% on its current stock price of CA$46.23. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Manulife Financial can afford its dividend, and if the dividend could grow.
View our latest analysis for Manulife Financial
If a company pays out more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. Manulife Financial paid out more than half (55%) of its earnings last year, which is a regular payout ratio for most companies.
When a company paid out less in dividends than it earned in profit, this generally suggests its dividend is affordable. The lower the % of its profit that it pays out, the greater the margin of safety for the dividend if the business enters a downturn.
Click here to see the company’s payout ratio, plus analyst estimates of its future dividends.
Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we’re encouraged by the steady growth at Manulife Financial, with earnings per share up 4.5% on average over the last five years.
Another key way to measure a company’s dividend prospects is by measuring its historical rate of dividend growth. In the past 10 years, Manulife Financial has increased its dividend at approximately 12% a year on average. It’s encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders.
Gabon votes in referendum on new constitution after military coup last year
This county is the most religiously diverse in the U.S.
Eric Schmitt withdraws from Trump attorney general consideration to remain in Senate
Arizona firefighters remove boa constrictor from pickup truck: 'Unusual call'
Tennessee police searching for brazen burglar who rappelled into bowling alley and stole cash
Colorado Rockies game no. 116 thread: Zac Gallen vs José Ureña
See it: Tesla crashes into Columbus convention center at 70 mph
Fox News Politics: Georgia the whole day through
Why Marjorie Taylor Greene was ‘kicked out’ of the Freedom Caucus according to Rep. Buck
Death of missing Oregon girl found in stream ruled homicide
Gabon votes in referendum on new constitution after military coup last year
This county is the most religiously diverse in the U.S.
Sen. Sanders says he is looking forward to Trump 'fulfilling his promise' on credit card interest rates
Pompeii limits visitor numbers in bid to combat overtourism
Trump defense pick Hegseth accused of 2017 sexual assault
-
Health1 week agoLose Weight Without the Gym? Try These Easy Lifestyle Hacks
-
Culture1 week agoThe NFL is heading to Germany – and the country has fallen for American football
-
Business7 days agoRef needs glasses? Not anymore. Lasik company offers free procedures for referees
-
Sports1 week agoAll-Free-Agent Team: Closers and corner outfielders aplenty, harder to fill up the middle
-
News5 days agoHerbert Smith Freehills to merge with US-based law firm Kramer Levin
-
/cdn.vox-cdn.com/uploads/chorus_asset/file/25724877/Super_Nintendo_World.png "The next Nintendo Direct is all about Super Nintendo World’s Donkey Kong Country")
Technology6 days agoThe next Nintendo Direct is all about Super Nintendo World’s Donkey Kong Country
-
Business3 days ago
Column: OpenAI just scored a huge victory in a copyright case … or did it?
-
Health3 days agoBird flu leaves teen in critical condition after country's first reported case
