Deutsche Bank changed its recommendation on shares of Cabot Oil & Gas – a major Marcellus and Eagle Ford Shale operator – causing that stock to move in today’s trading session. The investment bank is also optimistic on the US refining sector – putting a buy rating on Phillips 66 – formerly ConocoPhillip’s refining division.… Keep reading →
Oil companies love to say that their ownership is the average American retiree, and utilities can often claim the same. Look at your retirement account or, should you be so lucky as to have one, your company’s pension plan. Odds are that it is heavily invested in the US energy sector. Shifts in the parameters… Keep reading →
For the tens of millions of Americans who own dividend-paying stocks – either directly, or indirectly through mutual funds, pension funds, life insurance policies, and 401(k) plans – it’s time to take notice of an important tax law that’s set to expire at the end of this year. Unless Congress acts, the maximum tax rate on dividend income is set to skyrocket from 15 percent to as high as 43.4 percent – a nearly 190 – percent increase. The top tax rate on capital gains, meanwhile, will rise from 15 percent to a maximum of 23.8 percent.
Keeping tax rates on dividend income low and on par with the tax rates on capital gains is important for all Americans. With time quickly running out on today’s tax rates, we encourage you to join a national grassroots advocacy campaign dedicated to stopping a dividend tax hike-Defend My Dividend (www.DefendMyDividend.org). The campaign is sponsored by Edison Electric Institute and a wide variety of associations, organizations, and companies who have a stake in this issue, along with the support of their members, employees, retirees, and shareholders. Keep reading →
