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On This Day
Verizon Acquires Yahoo's Core Business for $4.83 Billion
Ten years ago today, on July 25, 2016, Verizon announced a deal to buy Yahoo's operating business for approximately $4.83 billion in cash β a sobering price for a company once valued at $125 billion and courted by Microsoft for $44.6 billion just eight years earlier. Verizon hoped the acquisition would anchor a digital-media empire alongside AOL, but the strategy never found its footing. Through it all, Verizon's dividend endured, outlasting the ambition.
From dot-com darling to a $4.83B footnote β Yahoo's fall remains one of tech history's most humbling arcs.
VZ — Verizon CDR (CAD Hedged)
πΊπΈ US
Source: SEC Filings; The Wall Street Journal
π
On This Day
Verizon Acquires Yahoo's Core Business for $4.83 Billion
Ten years ago today, on July 25, 2016, Verizon announced a deal to buy Yahoo's operating business for approximately $4.83 billion in cash β a sobering price for a company once valued at $125 billion and courted by Microsoft for $44.6 billion just eight years earlier. Verizon hoped the acquisition would anchor a digital-media empire alongside AOL, but the strategy never found its footing. Through it all, Verizon's dividend endured, outlasting the ambition.
From dot-com darling to a $4.83B footnote β Yahoo's fall remains one of tech history's most humbling arcs.
VZ — Verizon Communications Inc
πΊπΈ US
Source: SEC Filings; The Wall Street Journal
π Around the World
Czech Republic Dividend Market Hinges on a Handful of Giants
The Czech equity market is striking in its concentration β a small number of companies, most notably utility giant ΔEZ and KomerΔnΓ banka, account for the lion's share of dividend income available to investors. For those collecting that income, a withholding rate of around 15% typically applies, though treaty status and investor type can shift that figure. It's a useful reminder that diversification within a single country isn't always structurally possible.
Czech dividend hunters face a compact market β knowing your withholding rate and treaty status matters more here than most.
π¨πΏ CZ
Source: Prague Stock Exchange; PwC Tax Summaries
π₯ Dividend Streak
Northwest Natural Marks 70 Consecutive Years of Dividend Increases
Since 1956, Portland-based Northwest Natural Holdings has raised its dividend every single year β 70 consecutive increases that place it among a rarefied tier of income stocks. What began as a straightforward gas utility has quietly grown into a diversified operation spanning water and renewables, yet the commitment to shareholders has never wavered. NWN is one of only six utilities to earn the Dividend King designation.
Seven decades of unbroken raises β NWN's streak is a quiet testament to what patient, disciplined utility management can build.
NWN — Northwest Natural Gas Co
Source: https://www.suredividend.com/dividend-kings-nwn/
π‘ Did You Know
F&C Investment Trust Has Rewarded Investors Continuously Since 1868
Launched in 1868 as the Foreign & Colonial Government Trust, what is now F&C Investment Trust was conceived with a quietly radical idea: give ordinary investors access to a diversified portfolio once available only to the wealthy. More than 150 years later, it still trades on the London Stock Exchange β and it has been paying dividends the entire time. Few instruments in the financial world carry a living history quite like this one.
F&C's story is a reminder that the best investment structures don't just survive history β they quietly make it.
π¬π§ GB
Source: F&C Investment Trust annual report; London Stock Exchange