Berkshire bought $5 billion of Bank of America preferred stock carrying a 6 percent dividend, or $300 million annually, in August 2011, when many investors worried about the second-largest U.S. bank's capital needs. In his annual letter to Berkshire shareholders, Buffett said if Bank of America's current 30 cents per share annual dividend rose above 44 cents...
Feb 25- Warren Buffett says American business, and thus a basket of stocks, is virtually certain to be worth far more in years ahead. *Buffett says investing deputies Todd Combs and Ted Weschler now each manage more than $10 billion. *Preferred stock into common stock if Bank of America Corp annual dividend rises above $0.44 per share before 2021 from current $0.30...
Tuesday's decision was a setback for hedge fund Perry Capital and other investors that sought to challenge the lower court's dismissal of lawsuits arguing the government's confiscation of profits was illegal. Major owners of the companies' preferred stock include Bruce Berkowitz's Fairholme Funds Inc, while William Ackman's Pershing Square Capital...
SAO PAULO, Feb 20- At least 54 percent of holders of Vale SA's preferred shares must approve a proposal by the company's controlling bloc to transform their stock into common shares, executives at the world's largest iron ore producer said on Monday.
CNBC's Jim Cramer calls attention to a group of stocks that are becoming increasingly popular on Wall Street.
Roger Hirst, director of European equity research at S&P Capital IQ, explains that his European "top 10 power" stocks tend to have exposure to Asian emerging markets, despite expected slower growth in Asia.
Jonathan Compton, managing director at Bedlam Asset Management, explains what makes Charter Industries, Rexam and Konami very attractive.
David Roes, Chief Executive Officer at Asean Investment Management says significant cash allocations to Vietnam aren't about to slow down anytime soon. He also shares his top stock picks with CNBC.
James Sullivan, Head of ASEAN / Singapore Research at JP Morgan tells us why Singapore's cap on immigration will effectively hobble the nation's economy.
David Einhorn reiterated his arguments that a judge should block a shareholder vote on Apple's proposal to eliminate its ability to issue preferred shares without investor approval.
Dodge Dorland, Chairman & Chief Investment Officer, Landor & Fuest Capital Managers says activist investor David Einhorn has a good point and that Apple is going against its longer term goal to distribute cash back to its shareholders.
Andrew Tonner, Technology and Media Financial Editor at The Motley Fool tells you why Apple is the most misunderstood stock.
Preferred stocks are a special class of investments that have several unique features. Those features often make them confusing to investors. So what exactly are preferred stocks? CNBC explains.