Diamonds and Dogs


Railroads keep rolling. Kansas City Southern (KSU) rose a percent to a new 52 week high after raising their dividend and increasing their share buyback program. The board increased the quarterly dividend on the common stock from 33 cents to 36 cents a share. The 8.3% dividend hike will bring the company's yield to 1.35%, assuming a steady share price. Kansas City Southern also replaced its $500 million share buyback program with a new $800 million plan. The prior plan was completed in this year's second quarter after being authorized in 2015.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.