![]() On top of this news, AT&T announced it will be offering a ‘buy one, get one free’ promotion for the new Apple iPhone 8 and 8 Plus. Unlimited Choice customers who already subscribe to DIRECTTV or U-Verse TV will automatically get HBO as part of their plan. In the meantime, AT&T customers have been seeing several benefits. AT&T agreed to purchase Time Warner for $85 billion, and the deal is expected to close by end of year. ( T ) had an increase in viewership of 56%, thanks to a variety of factors affecting the stock this week. To view the entire list of dividend-paying property and casualty insurance companies, click here.ĪT&T Inc. However, the stock only pays its dividend on an annual basis, every February. Another added benefit to owning PGR is that the stock has a 1.47% dividend yield, of which it has increased every year since 2014. However, it has vastly outperformed its peers and is up nearly 30% on a year-to-date basis and up over 47% for the trailing one year. Like KBWP, this stock is also up in the last week, gaining over 2.6%. One of the largest property and casualty insurance providers is Progressive Corporation ( PGR ). The Invesco PowerShares KBW Property & Casualty Insurance Portfolio ( KBWP ) is actually up over 4.3% for the last week. However, the insurance company industry has not yet seen the negative effects of the large amount of claims it will have to pay. This is on top of the already estimated $20 billion that is expected to be caused from Hurricane Harvey in the Texas Gulf Coast area. Recent estimates from Hurricane Irma’s damage expect the insurance industry to see up to $65 billion in projected damages in the Florida and Georgia areas. To see the list of other lumber-related companies that pay a dividend, click here.Ĭontinuing on the trend of the damage caused by Hurricane Harvey and Irma, property and casualty insurance companies was the second-most trending topic this week, up 85%. However, with its potential to benefit with the sudden increase in demand for lumber, the stock should continue to do well. Deltic Timber pays one of the smaller dividends in the lumber industry, currently yielding 0.49%. Overall, the stock has been pretty volatile on a year-to-date basis and is up only 6.89%, but it has undoubtedly benefited in recent price appreciation from the hurricanes. The stock has jumped 4.89% in the last week alone and is up over 21% for the trailing one month. One of the top lumber and timber-producing companies that has seen large gains is Deltic Timber ( DEL). The lumber industry in total has also gained over 6.6% for the last month, as evidenced by the iShares Global Timber & Forestry ETF ( WOOD ). Over the last month, lumber futures prices have jumped 7.69% as demand for lumber significantly increases every time there is a natural disaster. With millions of houses damaged by the aftermath of the hurricanes, lumber demand has seen a major spike and is, thus, this week’s top trending topic, up 148%. Finally, Hurricane Harvey hit the headquarters and several investments of Main Street Capital Corporation.Īfter last week’s destruction of Texas due to Hurricane Harvey, Florida saw major damage thanks to the effects of Hurricane Irma tearing through the state. Royal Bank of Canada beat earnings and raised its dividend again this year. Weyerhaeuser and other lumber companies saw movement due to the U.S. Exxon Mobil was one of many oil companies that had to shut down its refineries in Texas. ![]() You can view our previous trends article here, which centered on the mass destruction of Hurricane Harvey that left many parts of Texas and Louisiana heavily damaged. Finally, after months of speculation, Apple announced the release of its iPhone 8, iPhone 8 Plus and iPhone X. announced that some of its customers will receive HBO for free and get a promotion for the new iPhones. ![]() ![]() Property and casualty insurance companies were also trending, as an estimated $85 billion in claims could possibly be paid out. Lumber prices soared, while demand to rebuild using wood and timber has increased thanks to the destruction caused by the hurricanes. This week’s trending stocks center on the effects of both Hurricane Harvey and Irma.
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