📅 On This Day
Google's Unconventional IPO Debut Rewrites Wall Street Playbook
On August 19, 2004, Google arrived on NASDAQ at $85 per share via a Dutch auction — a deliberately democratic structure that put retail investors on equal footing with institutions. The stock closed its first day at $100.34. For dividend watchers, the story has a particular arc: Google, and later Alphabet, would spend twenty years as the defining emblem of 'growth over income' before finally announcing its first dividend in 2024.
Two decades of silence, then a dividend — Alphabet's patience tested even the most faithful income investors.
GOOG — Alphabet CDR (CAD Hedged)
🇺🇸 US
Source: The Wall Street Journal; NASDAQ
📅 On This Day
Google's Unconventional IPO Debut Rewrites Wall Street Playbook
On August 19, 2004, Google arrived on NASDAQ at $85 per share via a Dutch auction — a deliberately democratic structure that put retail investors on equal footing with institutions. The stock closed its first day at $100.34. For dividend watchers, the story has a particular arc: Google, and later Alphabet, would spend twenty years as the defining emblem of 'growth over income' before finally announcing its first dividend in 2024.
Two decades of silence, then a dividend — Alphabet's patience tested even the most faithful income investors.
GOOG — 1X GOOG
🇺🇸 US
Source: The Wall Street Journal; NASDAQ
📅 On This Day
Google's Unconventional IPO Debut Rewrites Wall Street Playbook
On August 19, 2004, Google arrived on NASDAQ at $85 per share via a Dutch auction — a deliberately democratic structure that put retail investors on equal footing with institutions. The stock closed its first day at $100.34. For dividend watchers, the story has a particular arc: Google, and later Alphabet, would spend twenty years as the defining emblem of 'growth over income' before finally announcing its first dividend in 2024.
Two decades of silence, then a dividend — Alphabet's patience tested even the most faithful income investors.
GOOG — LEVERAGE SHARES PUBLIC LIMITED CO. 1X GOOG
🇺🇸 US
Source: The Wall Street Journal; NASDAQ
📅 On This Day
Google's Unconventional IPO Debut Rewrites Wall Street Playbook
On August 19, 2004, Google arrived on NASDAQ at $85 per share via a Dutch auction — a deliberately democratic structure that put retail investors on equal footing with institutions. The stock closed its first day at $100.34. For dividend watchers, the story has a particular arc: Google, and later Alphabet, would spend twenty years as the defining emblem of 'growth over income' before finally announcing its first dividend in 2024.
Two decades of silence, then a dividend — Alphabet's patience tested even the most faithful income investors.
GOOG — Alphabet Inc Class C
🇺🇸 US
Source: The Wall Street Journal; NASDAQ
🌍 Around the World
Philippine REITs Offer Rich Yields Behind a 25% Tax Wall
The Philippines imposes a 25% withholding tax on dividends paid to non-resident aliens not engaged in trade or business — among the steepest default rates in Asia. Treaty relief exists, but the reclaim process is notoriously slow. Within that high-friction environment, PH-REITs are mandated by law to distribute at least 90% of distributable income on a quarterly basis, delivering yields in the 6–8% range, while conglomerate giants like SM and Ayala frequently pay dividends in new shares rather than cash, adding cost-basis complexity for foreign holders.
Stock dividends from Philippine conglomerates may still be taxed as income in your home jurisdiction — worth checking before you invest.
🇵🇭 PH
Source: PwC Philippines withholding tax summary; Republic Act 9856 (PH-REIT Act)
🔥 Dividend Streak
3M's Storied Dividend Streak Falls to Lawsuits and a Spin-Off
3M had raised its dividend for 64 consecutive years — a streak that earned it comfortable Dividend King status — before mounting legal liabilities brought it to an end. Facing multibillion-dollar settlements over PFAS 'forever chemicals' and defective Combat Arms earplugs, 3M spun off its health-care unit, Solventum, in April 2024, then cut its quarterly dividend roughly 54% from $1.51 to $0.70. It stands as a sobering reminder that litigation risk can overwhelm even the most durable income record.
A streak begun around 1960 couldn't survive the double blow of a spin-off and historic legal settlements.
MMM — 3M Company
🇺🇸 US
Source: 3M SEC filing (8-K, 2024); Dividend Power; INO.com
🔥 Dividend Streak
3M's Storied Dividend Streak Falls to Lawsuits and a Spin-Off
3M had raised its dividend for 64 consecutive years — a streak that earned it comfortable Dividend King status — before mounting legal liabilities brought it to an end. Facing multibillion-dollar settlements over PFAS 'forever chemicals' and defective Combat Arms earplugs, 3M spun off its health-care unit, Solventum, in April 2024, then cut its quarterly dividend roughly 54% from $1.51 to $0.70. It stands as a sobering reminder that litigation risk can overwhelm even the most durable income record.
A streak begun around 1960 couldn't survive the double blow of a spin-off and historic legal settlements.
MMM — 3M Company
🇺🇸 US
Source: 3M SEC filing (8-K, 2024); Dividend Power; INO.com
🔥 Dividend Streak
3M's Storied Dividend Streak Falls to Lawsuits and a Spin-Off
3M had raised its dividend for 64 consecutive years — a streak that earned it comfortable Dividend King status — before mounting legal liabilities brought it to an end. Facing multibillion-dollar settlements over PFAS 'forever chemicals' and defective Combat Arms earplugs, 3M spun off its health-care unit, Solventum, in April 2024, then cut its quarterly dividend roughly 54% from $1.51 to $0.70. It stands as a sobering reminder that litigation risk can overwhelm even the most durable income record.
A streak begun around 1960 couldn't survive the double blow of a spin-off and historic legal settlements.
MMM — 3M Company
🇺🇸 US
Source: 3M SEC filing (8-K, 2024); Dividend Power; INO.com
💡 Did You Know
Cell Towers, Data Centers, and Forests Qualify as REIT Real Estate
When most investors hear 'REIT,' they picture apartment complexes and shopping malls — but the IRS casts a far wider net. American Tower and Crown Castle lease antenna space on cell towers to wireless carriers; Equinix and Digital Realty rent server cage space to tech companies; Weyerhaeuser owns millions of acres of timber forest. Even correctional facilities once qualified, with GEO Group and CoreCivic operating as prison REITs before exiting that status under political pressure. The common thread is simple: own a physical asset, lease it to tenants.
If it can be owned and leased, the tax code may call it real estate — and that changes the income equation entirely.
Source: Nareit REIT sector classifications; SEC filings for American Tower, Equinix, GEO Group