Traders work the floor of the New York Stock Exchange.NYSE (This story is for CNBC Pro subscribers only).As equity investors start to look forward to a post-vaccine world, it might be a good time to buy dividend stocks, according to Ned Davis Research.The firm said in a note on Tuesday that dividend stocks performed in a unusual way during the coronavirus recession, trailing non-dividend payers during both the market decline and the rebound. Normally dividend stocks are a safe haven during times of a recession and market volatility, but in this case the coronavirus pandemic hit key dividend payers like REITS and banks while rewarding internet stocks which don’t pay a dividend.- Advertisement – – Advertisement – – Advertisement – That atypical pattern has put dividend stocks at an extremely oversold position.“The bottom line is that Dividend Payers are exiting the worst phase of the bull market cycle relative to Non-Payers in their most oversold state in a decade,” the note said.
53 Petsch Creek Rd, Tallebudgera Valley. 53 Petsch Creek Rd, Tallebudgera Valley. 53 Petsch Creek Rd, Tallebudgera Valley.A TALLEBUDGERA Valley Queenslander has been snapped up for $1.45 million after just 10 days on the market.The property at 53 Petsch Creek Rd was set to go to auction but the owners received an offer too good to refuse.Ray White Tugun agent Ken Jacob said the buyers, from Runaway Bay, were looking for a tree-change.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North10 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“You can really appreciate the country life our here and the buyers totally fell in love with the property,” Mr Jacob said.“It is beautifully presented with a lovely creek that runs through it.”There are two residences on the property including the main Queenslander residence as well as a separate self-contained two-bedroom cottage.Described as perfect for “the horse enthusiast family”, the acreage property it set up with perimeter fencing, a stable and feed/tack room.
The President of Suriname Desi Bouterse has announced a significant decrease in the fees paid by illegal Chinese immigrations to regularize their status in the country even as the authorities said that they had deported 61 foreigners including 22 Chinese nationals in January.According to the official figures released, the authorities also deported 27 Brazilians, nine Guyanese, two Dutch and a Congolese national last month after they failed to regularize their status.Marking Chinese New YearSpeaking at celebrations to mark the Chinese New Year on Friday, Bouterse said that illegal Chinese nationals would now have a three-month period to pay US$ 2,000 in order to regularize their status.The announcement was welcomed by another parliamentarian, Stephan Tsang, a Chinese descent, who has on several occasions voiced his concern regarding the legalization process and fees for illegal Chinese immigrants.Fee can go lowerTsang told reporters he was surprised by the move adding “we are happy with the gesture, but I think the amount can go lower”.When the project ‘Legalization of illegal foreigners’ was launched in September 2017 it was established that nationals from Caribbean and South-American nations would have to pay US$600, while illegal aliens from elsewhere, including those from china, were asked to pay US$3,000.The authorities estimate that as many as 15,000 foreigners reside illegally in Suriname.