FirstEnergy Corp (FE.N), the U.S. utility that gave activist investor Carl Icahn seats on its board this year, is exploring divestitures as an alternative to raising cash by selling stock, according to four people familiar with the matter.
FirstEnergy Discusses Potential Deal With Prosecution in Ohio Bribery Investigation
By Staff Reports By John Stang
While its first-quarter financial numbers were up, Akron, Ohio-based FirstEnergy Corp. said Thursday it is discussing a potential deal with the U.S. Attorney’s Office over its role in a $60 million bribery investigation involving the former Ohio…
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Mike Hodel: Since we first started this dividend stock video series at the start of 2019, we ve highlighted stocks across a variety of sectors, including tech, financials, energy, and telecom. But we haven t looked at two traditional sources of dividend ideas, consumer staples and utilities. This time around, we will rectify those omissions with two new dividend ideas and then review a handful of past ideas that we still think are attractive.
Among consumer staples, Kellogg (K) is currently one of our analyst favorites, trading at a 25% discount to our fair value estimate and it provides a nearly 4% dividend yield. While perhaps best known for its long-standing breakfast cereals, the firm has spent the past several years remaking its product lineup. On-trend snack items now account for around half of total sales, with cereal only around 20%. Recent acquisitions like RXBAR provide both solid growth potential and give Kellogg avenues to respond as consumers tastes change in the futu