Hoegh LNG Partners' preferred shares offer an 8.75% coupon with consistent dividend payments supported by strong Q2 2026 financials, including $44.4M revenue and $26.1M free cash flow. After a partial tender, 5.7 million preferred shares remain outstanding, and investors are reluctant to sell below the $25 call price. With over $500 million in common equity junior to these preferred shares, the risk of dividend suspension is low, making continued payments likely. This stability makes the preferred shares an attractive option for income-focused investors.
Caterpillar is expanding its use of AI from mining automation to broader construction and industrial applications, including AI-powered tools for technicians and digital twins for manufacturing. The company leverages data from 1.6 million connected m...
Closed-end funds (CEFs) saw mostly lower prices in the third week of August due to negative risk sentiment affecting both bonds and stocks. Some CEFs like Barings' middle-market lending funds (MCI and MPV) trade at premiums because of high distributi...
Since mid-July, the S&P 500 has gained $1.75 trillion in market value, but nearly 80% of this increase came from the technology sector, with Microsoft and Nvidia alone contributing $1.42 trillion. Other sectors like Communication Services, Utilities,...
Bitcoin's price rose 1.5% to an intraday high of $78,960 as buyers challenged resistance near $79,000. The cryptocurrency is recovering after a recent pullback from the $81,000 range, supported by strong technical indicators and increasing volume. Ma...
Pump.fun, a Solana-based memecoin launchpad, has surged from $250K to $50M in daily trading volume and from 2,500 to 905,000 daily transactions since its April 2024 launch. The platform uses a bonding curve pricing model and has seen over 1.3 million...
