President Trump told Fox & Friends that a COVID-19 vaccine will be ready within 'weeks', possibly before the presidential election. Yahoo Finance's Anjalee Khemlani shares the details.
Judge delays release of Breonna Taylor grand jury recordings to protect witnesses, lawyers say
LOUISVILLE, Ky. – A judge has agreed to Kentucky Attorney General Daniel Cameron’s request for a delay in releasing the grand jury recordings in the controversial Breonna Taylor decision, initially due by noon Wednesday.
Cameron asked for a one-week extension in a motion filed Tuesday, saying the delay was necessary to protect witnesses’ personal information. The high-profile case has prompted threats against some officials and officers.
Judge Ann Bailey Smith instead gave his office a new deadline of noon Friday to submit the grand jury recordings.
Stew Mathews, who is representing former detective Brett Hankison, confirmed the new deadline to The Louisville Courier Journal, part of the USA TODAY Network.
Elizabeth Kuhn, a spokeswoman for Cameron, also confirmed the judge’s decision in an email that stated the judge had ruled on the motion and “granted an extension … to give us proper time to redact specific personal information of witnesses.”
Cameron’s office has said the delay is necessary to protect the interest of witnesses, “in particular private citizens named in the recordings.” His office wants to “redact personal identifiers of any named person, and to redact both names and personal identifiers of any private citizen.”
Attorneys for former Detective Brett Hankison, the only person charged by the Taylor grand jury, agreed with the delay, Cameron’s office said.
Kuhn said Wednesday morning that the audio recording is 20 hours long and that the office filed a motion to request additional time “to redact personally identifiable information of witnesses, including addresses and phone numbers.”
More: Kentucky AG’s decision in the Breonna Taylor case is being picked apart. Here’s why.
Heightened publicity over the case has resulted in myriad threats against officers and officials in the case, according to a motion filed by F. Scott Lewis, attorney for the witnesses.
LMPD is “providing extraordinary protection in response to these threats,” including up to 400 hours of security each week to protect officers, public officials and their families, Lewis wrote.
The public filing of the grand jury recording is in response to Judge Ann Bailey Smith’s Monday order for Cameron to include it as evidence in the criminal case against former detective Hankison.
On Wednesday, 13 witnesses interviewed by the LMPD Public Integrity Unit and the Attorney General’s Office filed a separate motion seeking a limited protective order that would prevent anything included in the public case file from including their names or other identifying information.
The motion cited the “thousands, if not millions” of people interested in the case and potential for “threats to and reprisals against witnesses.”
Previously: ‘Aggrieved’ juror in Breonna Taylor case wants grand jury recordings released, attorney says
Attorney for juror: ‘The public deserves to know everything’
The public filing of the grand jury recording is in response to Judge Ann Bailey Smith’s order Monday for Cameron to include it as evidence in the criminal case against Hankison.
Cameron said he would comply, but he was concerned it could compromise a federal investigation and have unintended consequences of tainting the jury pool.
His office filed the motion asking for an extra week on Tuesday.
Sam Aguiar, a Louisville attorney who has represented Taylor’s family, said Wednesday the move was “par for the course for Daniel Cameron to blatantly mislead the public.”
“He literally told the world two days ago that he’d comply with the order,” Aguiar said. “Maybe it’s just now hitting him that the public, when they hear the truth about what happened in the proceedings, will have serious concerns about the integrity of the process.
“Let’s all hope this stall tactic isn’t an effort to buy time and seek a writ.”
Monday, a grand juror in the case filed a court motion – in a very unusual move – calling for the release of the recording and transcript, along with permission to speak freely about what charges and defendants were not considered.
“The public deserves to know everything,” said Kevin Glogower, an attorney for the grand juror in a news conference Tuesday.
One week ago, the grand jury indicted Hankison on three counts of wanton endangerment but did not bring charges against any of the officers for Taylor’s death.
Hankison’s charges stemmed from shots he fired into a neighboring apartment with three residents.
Cameron’s investigation has sprung leaks and faced intense scrutiny from the public and attorneys for Taylor’s family. Louisville-based attorney Lonita Baker called for a new special prosecutor to be appointed to present charges in Taylor’s death.
Several groups have called for evidence and grand jury materials to be released to the public in the week since the indictments against Hankison were announced.
More: Experts say Breonna Taylor grand juror’s extraordinary bid to end secrecy is the right move
This article originally appeared on Louisville Courier Journal: Breonna Taylor grand jury recordings: Judge delays release for privacy
Hilary Duff would ‘sneak off and party’ during ‘Lizzie McGuire’
While most people that came of age watching Disney’s Lizzie McGuire have fond memories of it, star Hilary Duff was not one of them for a long time. What she’s always recalled, she told Cosmopolitan U.K. in a story published Tuesday, is “isolation… and the pressure of being a role model.”
After all, Duff, now 33, was barely a teenager when she began playing the character in 2001. While her family never depended on her career earnings, being a Disney star was hard work. Duff was homeschooled and her mom was strict in all aspects of her life. When asked if she ever felt compelled to “go off the rails,” Duff said yes.
“It’s not like I didn’t sneak off and party sometimes and get drunk. I definitely did all of those things,” she told the magazine. “But I feel like I’ve always been a well-balanced person, and always had a sense of ‘I don’t want to embarrass myself.’”
She more than survived the show’s three-season run. Afterward, she struggled as she was bullied by an unnamed “handful of girls” and dealt with “a bad relationship with food.” People weren’t interested in hiring her for roles that weren’t Lizzie-like. She had another challenging period after becoming a mom at 24, before her friends were doing so.
“I felt like I was so ready to be a mom. Everyone was like, ‘Oh. My. God. You’re a baby having a baby,’” said Duff, who’s mom to 8-year-old son Luca and daughter Banks, who turns 2 next month. “But I felt like I had done so much and I was so ready for something more and something that was personally mine. But I will say that was one of the loneliest times in my life.”
All the while, she was turning down offers to return to her most famous role.
“They asked me for years and years: ‘Let’s do a reboot, let’s do a reboot,’ and I was like, ‘No, no, no,” Duff said. “Finally, last year, I was like, ‘I feel ready.’”
The revival of the series went into production and completed two episodes. However, filming stopped in January, after Terri Minsky, the creator of the original show and showrunner of the reboot, left the project. Duff issued a statement in which she asked Disney — who planned to offer the series on Disney+ — to move the show over to Hulu to make it more grown up. She told Cosmo that she has faith it will work out.
“There’s still no, like, ‘For sure, this is happening,’ but I think they’re pretty confident that we can make the show that I want, and that they want, for Disney+,” Duff said.
She finds herself actually hoping to return to playing the part she once loathed.
“It just doesn’t annoy me any more when people refer to me as Lizzie McGuire or say that was my biggest role, because it paved the way for all the other roads I’ve been able to take,” she said.
Besides, Duff explained, her world has changed a lot since her teen idol days.
“I’m at such a different place in my life now, being a mother and a wife — it doesn’t weigh on me any more,” Duff said. “I don’t feel like people only see me that way, but [even] when they do, I feel appreciative of it because she was very impactful on so many people’s lives.”
Read more from Yahoo Entertainment:
3 ‘Strong Buy’ Stocks With Dividend Yields of 8% or Better
What to make of the markets lately? Early September showed a sharp drop from peak values, but since the eighth of the month – for the past three weeks – volatility has ruled the day. All the major indexes have bouncing up and down without showing a clear trend.
While increased volatility is almost certainly going to stay with us for a while, it’s time to consider defensive stocks. And that will bring us to dividends. By providing a steady income stream, no matter what the market conditions, a reliable dividend stock provides a pad for your investment portfolio when the share stop appreciating.
With this in mind, we’ve used the TipRanks database to pull up three dividend stocks yielding 8% or more. That’s not all they offer, however. Each of these stocks has a Strong Buy rating, and considerable upside potential.
Solar Senior Capital (SUNS)
The first stock is Solar Senior Capital, an investment management company focused on an externally managed non-diversified portfolio. SUNS invests in mid-market companies, taking positions in unitranche instruments, secured loans, and first and second lien debt. The company’s investment targets are mid-market firms with below-investment grade credit ratings, and its portfolio is valued at $532.4 million.
Solar’s earnings, up to 1Q20, had held steady at 35 cents per share – but that took a sudden dive in the second quarter this year, coming in at 32 cents. That drop came even as the company also reported a solid financial base, with net assets of $249 million and available capital exceeding $210 million.
Despite the lower earnings, the quarterly results were sufficient to maintain the dividend. This is paid monthly, at a rate of 10 cents per common share, making the quarterly distribution 30 cents. This leads to a high payout ratio, but at current earning levels the dividend is sustainable. The annualized payment, of $1.20, gives a yield of 9.4%, which is more than 4.5x higher than the average dividend yield found among S&P index members. The company has paid out the dividend reliably, no matter the market conditions, since 2011.
Covering this stock for Ladenburg, analyst Mickey Schleien rates SUNS a Buy, along with a $15 price target. This target implies an 18% upside for the coming year. (To watch Schleien’s track record, click here)
Supporting his stance, Schleien writes, “…the company’s pipeline is increasing with more compelling opportunities at higher yields. SUNS is operating within the incentive management fee catch-up band, and the external manager continues to waive fees to the extent necessary for NII to cover the dividend through 2020.”
The Strong Buy analyst consensus rating on SUNS is unanimous, based on 3 Buy reviews. The stock’s $12.68 trading price and $15.67 average price target give a one-year upside potential of 24%. (See SUNS stock analysis on TipRanks)
Barings BDC, Inc. (BBDC)
Barings, the next stock on our list, is a busines development corporation. The company provides capital access and asset management for its customers, middle-market companies seeking financing solutions. Barings invests in debt, equity, and fixed income assets, and boasts over $346 billion in total assets under management.
While Barings took a hard hit to revenue in the first quarter, as the corona crisis took hold, the company has seen the top line return to positive numbers in the second quarter. At $56 million, the Q2 revenue was also more than 4x higher than results in the second half of 2019. Earnings have been stable, with EPS reported between 14 and 16 cents for the past 7 quarters.
In another sign of strength, Barings in August completed an agreement to acquire MVC Capital. The deal, which totals $177.5 million in cash and stock, is expected to close in 4Q20 and will create a combined company with an investment portfolio worth more than $1.2 billion.
While that move is going forward, BBDC continues to reward shareholders. The company has been gradually growing its quarterly dividend payment for the past two years. The current payout is 16 cents per common share, giving an annualized payment of 64 cents and a robust yield of 8%.
Raymond James analyst Robert Dodd notes the importance of the MVC transaction for BBDC: “…we expect that BBDC will recognize a top-line income contributor ‘accretion of purchase discount’ over the life of the MVC portfolio.” Dodd goes on to note that this will have a positive impact on the dividend, writing, “We are projecting a dividend increase following the close of the MVC acquisition. We believe the dividend could be increased from the current $0.16/share per quarter to $0.17/share in 1Q21. While we believe earnings power will exceed that level, over-coverage is a good thing in our view — and we believe projecting a 90% payout ratio is prudent.”
Dodd’s comments back up his Buy rating on the stock. He gives Barings a $9.50 price target, which indicates room for 19% growth over the next 12 months. (To watch Dodd’s track record, click here)
Overall, Barings’ Strong Buy consensus rating is held up by 3 recent Buys against a single Hold. The company has an average price target of $9, suggesting a 12.5% upside from the $8.01 trading price. (See BBDC stock analysis on TipRanks)
TriplePoint Venture Growth (TPVG)
The last stock on our list is another management investment company. TriplePoint Venture is a venture capital investment firm with a portfolio focused on the tech and life sciences. These are high-growth industries that gobble up cash – but also offer the promise of high returns.
TriplePoint’s earnings have been falling off this year from their peak, at 45 cents per share in Q4 of last year, even as revenue as recovered from corona-induced losses in the first quarter. For the second quarter, the top line came in at $23 million, while EPS slipped 7% to 38 cents. Even though earnings are down, they still beat the forecast by 5.5%.
However, the company’s dividend payment has been remarkably stable for the past few years. Except for one downward blip in December 2018, the dividend has been consistently paid out at 36 cents per common share per quarter. This gives an annualized payment of $1.44, and a powerful yield of 12.8%. The high yield, combined with the reliable payment history, make this dividend valuable, especially in a time of near-zero interest rate policy.
Christopher York, 4-star analyst with JMP Securities, believes that the recent second quarter results justify an Outperform (i.e. Buy) rating on TPVG, and his $13 price target implies an upside of 16%. (To watch York’s track record, click here)
Backing his outlook, York writes, “TPVG remains our favorite BDC idea for those that trade below $500mln in market cap; we find the stock especially attractive for both yield-seeking and value investors […] We continue to believe TriplePoint’s core dividend run-rate of $0.36 is sustainable throughout 2021 and note that the total return requirement in the incentive fee should provide additional support to dividend coverage from any future credit losses.”
Overall, Wall Street’s analysts have been nothing but bullish on TPVG over the past three months. Out of 5 analysts who cover the stock, all 5 are bullish. Meanwhile, their average price target of $13.30 suggests a 19% upside from current levels. (See TriplePoint’s stock analysis at TipRanks)
To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
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