Want to Be Richer? Add $1,000 to These Stocks Right Now fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.
Huge Tax Hike From Biden Has Wealthy Americans Upset
More on: Image source: Getty Images
The ultra-rich in America are worried about the Biden Tax Plan. Trillions in new taxes will affect the wealthiest in the United States. The Biden administration will raise the top income and capital gains tax rates, and the richest 1% of taxpayers will carry the burden.
According to the White House, the top income tax rate will increase to 39.6%. Garrett Watson, a senior policy analyst at the Tax Foundation, said households with more than around $540,000 in income fall among the wealthiest 1% of American taxpayers. The new tax revenues are for the American Families Plan. It will fund expanded education, child care, paid leave, and other reforms.
Image source: Getty Images.
People mistake the stock market as a popularity contest sometimes. The father of value investing, Benjamin Graham, once said that the markets act like a voting machine in the short run. Often, sentiment is the basis for valuating companies, not fundamentals.
The same thing applies to dividend stocks. Blue-chip stocks are the more popular ones because they are matured companies. However, other dividend payers fly under the radar or are low-key. Investors can take the extra mile to find outstanding income stocks that could make you rich too.
Yield-hungry investors can check out
Aura Minerals(TSX:ORA). The companies pay an average dividend yield of 7.69%. Any investment amount could double in less than 10 years.
Aura Declares Dividend of US$ 60 Million wallstreet-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wallstreet-online.de Daily Mail and Mail on Sunday newspapers.
Aura Minerals to pay $60m in dividends, shares up
San Andrés mine in Honduras. Photo by Aura Minerals.
Based on its financial results for the year ended December 31, 2020, Aura Minerals Inc. (TSX: ORA) has announced a dividend payment of $0.83 per common share (about $60 million in total).
The dividend, which is more than the minimum dividend payable pursuant to the company’s dividend policy, will be paid on April 6, 2021, to shareholders of record as of the close of business on March 26, 2021.
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Shareholders of record whose address on the books of TSX Trust Company, the company’s registrar and transfer agent, is in Canada will receive the Canadian dollar equivalent of the dividend, based on the Bank of Canada daily average exchange rate on the day before the payable date. All other shareholders will receive the dividend in US dollars, Aura said.