0.00% Aug 29, 08:48 PM
$0.00  
NM EPS -$1.50
No Payout Increase Last Year
No Ex-Dividend Dates
Have Been Scheduled

TWGP - Upcoming Dividend Payouts
Next Ex-Dividend Date None

Amount Declare Date Ex-Dividend Date ▲ Record Date Pay Date Payout Type
No Upcoming Dividend Dates
TWGP has not yet officially announced its next dividend payout.

TWGP - Dividend Yield & Stock Price History
Current Dividend Yield 0.00%

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TWGP - Dividend Payout History
Current Annual Payout $0.00

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Dividend payouts are split-adjusted

TWGP - Dividend Growth History

Annualized Growth
1994-2012
Annualized Growth
1994-2004
Annualized Growth
2004-2008
Annualized Growth
2008-2012
Annualized Growth
Last 5 Yrs
Annualized Growth
Last 3 Yrs
Annual
Growth
2012
Consecutive
Years of
Increases
Reveal Dividend Growth History for TWGP. 9.9% -31.0% No Payout Increase Last Year
Annual dividend amounts based on Ex-dividend date

TWGP - Historical Annual Dividend Data & Growth
Payouts Increasing For No Payout Increase Last Year

Payout Amount Calendar Year Annual Growth
$0.5175 2013 -31.0%
$0.7500 2012 9.1%
$0.6875 2011 76.3%

TWGP - Historical Dividend Data
Payouts Increasing For No Payout Increase Last Year

Payout Amount Declared Date Ex-Dividend Date Record Date Pay Date ▼ Qualified Dividend? Payout Type Frequency
$0.1650 2013-08-06 2013-09-05 2013-09-09 2013-09-20 Unknown Regular Quarter
$0.1650 2013-05-07 2013-06-06 2013-06-10 2013-06-21 Unknown Regular Quarter
$0.1875 2013-01-30 2013-02-12 2013-02-14 2013-02-28 Yes Regular Quarter
$0.1875 2012-11-06 2012-12-06 2012-12-10 2012-12-21 Yes Regular Quarter
$0.1875 2012-08-01 2012-09-06 2012-09-10 2012-09-21 Yes Regular Quarter

Tower Group, Inc. (TWGP) - News

  • Market Wrap-Up for Dec. 26 - Investing Myth: Dividend Stocks Are Always Safe

    As we have pointed out numerous times at Dividend.com, dividend stocks can provide a conservative and safe investment for your portfolio. But while dividend stocks are typically more safe than their peers, that does not exclude them from risks and losses.

    The Safety of Dividends

    In many cases, a company paying a dividend is a good sign of the firm's strength and stability. For one thing, a dividend payment cannot be faked; a company can use all the accounting tricks in the book to make a quarter or year seem better than it truly was, but there is no substitute for a cold hard cash payout to shareholders. Second, firms that do pay a dividend are typically more stable, as they are comfortable paying out their retained earnings to investors rather than putting that money back into the company. Having said all that, investors sometimes get the perception that dividend stocks are always safe; this is simply not the case. Dividend stocks are still susceptible to risks both inside the company as well as from the market overall. A perfect example comes from Tower Group, In. (TWGP) this year. The firm pays out a handsome yield of 23% (a red flag in some cases), which has likely attracted  a number of investors, but its performance in 2013 has burned anyone who held a long position.

    tower group

    As the chart above displays, TWGP has been getting walloped in the second half of 2013 and is, in fact, the worst performing dividend stock this year, losing more than 80% of its value. While the stock may have seemed safe (especially throughout the first half of the year), its dividend did not exclude it from major losses and risk.

    The Takeaway

    The underlying point that dividend investors should take away is that while dividend stocks are often more safe than their non-dividend paying peers, that does not hold true in every situation. As we have stressed before, investors need to look beyond the dividend to ensure that their investment lines up with their risk appetite and portfolio objectives, and always remember that every investment comes with some degree of risk, whether it pays a dividend or not. Thanks for reading! Be sure to check us out on Twitter @dividenddotcom. We will see you tomorrow.

    Expand to read the full story »

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