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Who’s funding Trump’s White House ballroom? Not taxpayers — but Apple, Coinbase, his lawsuit against YouTube, & more
MINT· 2025-10-25 06:43
Group 1: Project Overview - The White House ballroom project, valued at $300 million, is funded through private donations, including contributions from major companies like Google, Meta, and Coinbase [1][2] - Construction of the ballroom has commenced as part of efforts to modernize the White House, with Trump also pledging personal financial support [2] Group 2: Key Donors - Google made a significant donation of $22 million as part of a legal settlement related to Trump's YouTube ban [2] - Amazon's founder Jeff Bezos has expressed support for Trump, while the company faced criticism from Trump regarding tariff transparency [3] - Altria Group, a major tobacco company, is listed as one of the significant donors to the ballroom project [5] - Apple CEO Tim Cook previously served on Trump's advisory board and announced a $100 billion investment in U.S. jobs [6] - Meta has aligned itself with Trump and removed fact-checkers to cater to his supporters [7] - Microsoft CEO Satya Nadella met with Trump, indicating a close relationship between the company and the administration [9] - Coinbase, a leading cryptocurrency exchange, had a lawsuit dropped by the Trump administration earlier this year [10] Group 3: Additional Notable Contributors - Lockheed Martin, the largest defense contractor, expressed gratitude for the opportunity to support the ballroom project [25] - T-Mobile clarified that its donation was part of a broader initiative to restore national landmarks, including the ballroom [33] - The Winklevoss twins, known for their early investments in cryptocurrency, have established a significant presence in the blockchain sector [38]
British American Tobacco’s (BTI) Dividend History Makes it a Safe Bet in Dividend Stocks to Buy Under $100
Yahoo Finance· 2025-09-20 00:29
Group 1 - British American Tobacco p.l.c. (NYSE:BTI) is recognized as one of the best high dividend stocks to buy under $100, highlighting its attractiveness to income-focused investors [1] - The company has a significant presence in the tobacco industry, bolstered by its $49 billion acquisition of Reynolds American in 2017, and offers a diverse portfolio of brands including Camel, Newport, and Vuse [2][4] - Despite efforts to transition towards next-generation products, traditional cigarettes remain the primary revenue source, with a target of generating around £5 billion (nearly $6 billion) in next-gen sales by 2025, which may be impacted by recent US regulations [3] Group 2 - British American Tobacco has consistently increased its dividend payouts since 2018, currently offering a quarterly dividend of $0.7391 per share, resulting in a dividend yield of 5.61% as of September 18 [5] - The company's global reach distinguishes it from competitors, providing broad exposure across various tobacco products, including heated tobacco and vaporizers, making it a compelling option for dividend investors [4]
SCHY Provides Exposure To International, Dividend-Paying Stocks
Seeking Alpha· 2025-08-23 16:46
Core Insights - The Schwab International Dividend Equity ETF (SCHY) is a passively managed fund aimed at tracking the Dow Jones International Dividend 100 Index, providing low-cost, income-oriented international exposure with a 3.72% dividend yield [2][3][10] Fund Overview - SCHY was launched on April 29, 2021, by Charles Schwab, with an expense ratio of 8 basis points and approximately $1.3 billion in assets under management (AUM) [3][15] - The fund has an average daily trading volume of 364,000 shares, indicating minimal spread risk for investors [3] - SCHY is fully invested in international equities, comprising 103 holdings, primarily mid- to large-cap stocks [7] Performance Metrics - Cumulative returns for SCHY show a year-to-date increase of 18.60% and a one-year return of 12.14% [4] - The fund's annualized return since inception is 5.57%, which is lower compared to peer strategies [4][15] Index and Stock Selection - SCHY is indexed to the Dow Jones International Dividend 100 Index, which includes mid- and large-cap international dividend-paying companies, excluding REITs [5] - The stock screening process involves evaluating fundamental qualities such as free cash flow, return on equity, indicated dividend yield, and 5-year dividend growth rate [5][14] Portfolio Composition - The top three country exposures in SCHY are the UK (15.36%), Australia (12%), and France (11.65%) [7] - The portfolio is heavily weighted towards financials (15%) and consumer staples (14.84%) [7] - The top 10 holdings account for 40% of the total portfolio weight, with British American Tobacco, Wesfarmers, and BHP Group being the largest positions [8] Distribution and Income Strategy - SCHY pays a quarterly distribution rate of $1.05 per share, yielding 3.72% on a trailing twelve-month basis, and has shown annual growth in distributions since inception [10][12] - The fund is suitable for passive income strategies and can be beneficial for tax-deferred accounts like IRAs or 401(k)s [12] Competitive Landscape - SCHY is noted as the lowest-cost strategy among its peers, with a significant AUM of $1.3 billion, although it has underperformed compared to other international dividend income strategies [15] - The Global X MSCI SuperDividend EAFE ETF (EFAS) is highlighted as a top-performing peer, despite its smaller AUM of $30 million [16]