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Stock Market & Financial Investment News

News Breaks
March 6, 2014
12:04 EDTTYCTyco investors approve annual dividend increase of 13% to 72c per share
Tyco International announced that its shareholders approved all proposals presented at the Company's Annual General Meeting held on March 5, including the election of all director nominees. Shareholders also approved an annual dividend of 72c per share, representing an approximate 13% increase over the current dividend of 64c. Payment of the dividend is to be made in four quarterly installments of 18c from May 2014 through February 2015. The Board of Directors declared the first of these dividend payments to be payable on May 21 to shareholders of record on April 25.
News For TYC From The Last 14 Days
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March 25, 2015
09:34 EDTTYCTyco has reached attractive entry point, says Bernstein
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March 23, 2015
10:00 EDTTYCOn The Fly: Analyst Upgrade Summary
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06:03 EDTTYCU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).
05:49 EDTTYCTyco upgraded to Overweight from Equal Weight at Barclays
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