Financial Health – Amiya Sahu http://amiyasahu.com/ Wed, 15 Sep 2021 06:49:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://amiyasahu.com/wp-content/uploads/2021/06/icon-150x150.png Financial Health – Amiya Sahu http://amiyasahu.com/ 32 32 What happens if I default on a payday loan? https://amiyasahu.com/what-happens-if-i-default-on-a-payday-loan/ https://amiyasahu.com/what-happens-if-i-default-on-a-payday-loan/#respond Fri, 03 Sep 2021 13:22:52 +0000 https://amiyasahu.com/?p=740 If you need fast cash to get you next paycheck, a payday loans is the best option. This could be a great option if you don’t have credit or can’t get approved for any other types of loans. Payday loans are possible, but they can be costly. Payday loan repayments can be very difficult as they are […]]]>

If you need fast cash to get you next paycheck, a payday loans is the best option. This could be a great option if you don’t have credit or can’t get approved for any other types of loans. Payday loans are possible, but they can be costly.

Payday loan repayments can be very difficult as they are often expensive. If you are unable repay your payday loan, it may be difficult to get them back but you can head to paydaynow.

What happens if your payday loan is not paid on time?

A payday loan default can result in severe consequences.

  • Additional fees, interest and charges: There might be additional fees depending the location you live in or the lender you choose to repay your payday loan. These fees are known by nonsufficient funding fees (NSF Fees) and are charged to you if you don’t have the funds for a particular transaction.
  • Collecting debt: The 60-day period in which your lender attempts to collect payment will be approximately 60 days. They will try to get payment from you within 60-days. If they don’t receive the payment within 60 days, they will contact an agency third-party to collect debt. The debt collection agency may call you every day and send letters to get the money. Their collection efforts will be more aggressive then your lender’s.
  • Credit score damaged: Paying off your payday loan promptly will not impact your credit score. If your loan is not paid by the due date and the collection agency places your account, your credit rating will be affected.
  • Court summons: Even if you’ve only defaulted on small amounts, there’s still the possibility of a collection agency taking you to court. You may be subject to wage garnishment or liens against your property depending on where and when you live.
  • Future financing is difficult to secure: A payday loans default can stay on credit reports for as long as seven years. This could make you less likely to be approved for any other loans.
  • Arrest threats: It is illegal for banks and lenders to threaten people with jail or arrest. This type threat should not come from a lender or bank without consulting your state attorney.

How to rebuild credit following a default on a payday loan

Payday loans can be stressful and cause anxiety. There are many options to improve your credit score and reduce the severity of the situation. These are some useful tips.

  • Keep up to date with payments: If you can’t pay your debts in full, you may be able cut down on your expenses or find a side or part-time job. You may need professional help for debt counseling, debt management plans (DMP), and debt consolidation.
  • Pay your bills on-time: Even one late payment can cause credit damage. It is crucial to pay all bills on time. If you worry about forgetting, you can set reminders in your calendar or opt for automatic payments. You can ensure that your credit card, mortgage, or car loan payments are paid on-time.
  • Consider your credit utilization ratio: Credit utilization ratio: This shows how much credit you use relative to the amount of credit available. Credit utilization should not exceed 30 percent. The lower the number, better. This goal can be achieved by keeping your spending and balances low.
  • Check your credit reports regularly: Ensure that you regularly monitor your credit reports. You can visit AnnualCreditReport.com and get an annual free copy of your Experian, Equifax and TransUnion reports. Register to receive your Experian credit reports free of charge every 30 days. Pay attention to any negative marks that may be affecting you score.

Even if you default on a payday loan, it is possible to move forward

If you default on a payday advances, you’ll need to put in a lot of effort to rebuild your credit. There is a silver-lining. You can become a responsible borrower, and you will avoid financial disasters in the future.

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Broward and Alachua counties stick to mask warrants despite financial sanctions https://amiyasahu.com/broward-and-alachua-counties-stick-to-mask-warrants-despite-financial-sanctions/ https://amiyasahu.com/broward-and-alachua-counties-stick-to-mask-warrants-despite-financial-sanctions/#respond Tue, 31 Aug 2021 22:34:00 +0000 https://amiyasahu.com/broward-and-alachua-counties-stick-to-mask-warrants-despite-financial-sanctions/ Florida Education Commissioner Richard Corcoran announced Monday that the state’s education department has started withholding funds from the two counties over their mask requirements. Statements from county school principals on Tuesday showed that districts are not backing down from the mandate. “I am very disturbed by the action of the state. The members of our […]]]>

Florida Education Commissioner Richard Corcoran announced Monday that the state’s education department has started withholding funds from the two counties over their mask requirements.

Statements from county school principals on Tuesday showed that districts are not backing down from the mandate.

“I am very disturbed by the action of the state. The members of our school board have made the courageous decision to protect the health and lives of the students, staff and residents of this community, and a court has already ruled that they had a legal right to do so. They deserve praise, not punishment, “Alachua County Public Schools Superintendent Carlee Simon said in a statement.

“We have already started working with our colleagues in other districts to initiate legal action. We believe this is a necessary step to ensure that Florida districts have the right to act in the best possible way. interest of those they serve. ”

In a meeting with the school board on Tuesday, Broward County Acting Superintendent of Public Schools Vickie Cartwright said the tenure would continue.

“The health and safety of our students, teachers and staff continues to be our top priority,” said Cartwright. “As such, we will continue to mandate the mask knowing that our data, as we examine it, our quarantine data, demonstrates that the use of the mask is helping to minimize the spread of Covid-19.”

Florida’s Covid-19 cases have been on the rise, and the state is one of five that have less than 10% of their critical care bed capacity available, according to Department of Health and Human Services data.

More than 27,000 cases have been confirmed in Florida’s 15 largest school districts since the start of the school year, according to a CNN analysis. At least 45,024 students and staff have been quarantined or placed on “stay at home” directives due to possible exposure to the virus.

Corcoran announced Monday that the state has started withholding funds equal to the monthly salaries of school board members, and will continue to do so on a monthly basis “until every school board complies with state laws and regulations. “.

Broward County has listed nine school board members, who each earn an annual salary of $ 46,773. Alachua County provided salaries for four board members, who each earn $ 40,287 per year.

Broward and Alachua were the first school districts to implement mask mandates that do not include parental withdrawal, going against the governor’s decree.

A total of 12 school districts have now moved forward with similar mask mandates, including Hillsborough, Leon, Palm Beach, Sarasota, Duval, Miami-Dade, Indian River, Orange, Lee and Brevard in addition to Broward and Alachua counties.

CNN’s Theresa Waldrop contributed to this report.

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State of Wyoming Arranges with Campbell County Health Over Medicaid Billing Audit https://amiyasahu.com/state-of-wyoming-arranges-with-campbell-county-health-over-medicaid-billing-audit/ https://amiyasahu.com/state-of-wyoming-arranges-with-campbell-county-health-over-medicaid-billing-audit/#respond Fri, 27 Aug 2021 22:38:44 +0000 https://amiyasahu.com/state-of-wyoming-arranges-with-campbell-county-health-over-medicaid-billing-audit/ The Wyoming State Capitol lit up at night during the 2020 session. (Mike Vanata / WyoFile) CASPER, Wyo – Wyoming Attorney General Bridget Hill announced Friday that the Campbell County Hospital District has reached a civil settlement in which the district agreed to pay $ 1,500,000 to resolve allegations that the program Children’s summer violated […]]]>
The Wyoming State Capitol lit up at night during the 2020 session. (Mike Vanata / WyoFile)

CASPER, Wyo – Wyoming Attorney General Bridget Hill announced Friday that the Campbell County Hospital District has reached a civil settlement in which the district agreed to pay $ 1,500,000 to resolve allegations that the program Children’s summer violated the Wyoming Medicaid False Claims Act.

The Children’s Summer Program was offered by the Hospital’s Behavioral Health Services Children’s Clinic as a treatment option for children and families in Campbell County.

According to the AG’s statement, an audit conducted by the Attorney General’s Medicaid Fraud Control Unit identified concerns with program documentation and staff oversight.

The article continues below …

“The unit also identified concerns that the children’s summer program has billed Wyoming Medicaid for activities that are not covered by Medicaid services,” the statement said.

By submitting these invoices, the state is claiming that the hospital district received payments to which it was not entitled.

To address the states’ issues, the Campbell County Hospital District agreed to pay $ 1,500,000, which covers the program’s Medicaid claims from 2015 to 2019.

The hospital district also agreed to enter into a three-year corporate integrity agreement with the Attorney General’s Medicaid fraud control unit, the statement said. The agreement is designed to ensure that future claims meet the requirements of the state’s health care program.

The state acknowledges that the Campbell County Hospital District cooperated with this audit.

“We appreciate the state for its good collaboration with our organization and for bringing its concerns about our summer program to our attention. It was a great learning experience for our hospital, ”said Adrian Gerrits, Chairman of the Campbell County Board of Health.

“It is important to the success of Wyoming Medicaid that all providers bill the program accurately and honestly, as Wyoming Medicaid pays for medical care for some of Wyoming’s most vulnerable citizens. said Attorney General Bridget Hill.

“I would like to commend the Medicaid Fraud Control Unit for their work in this matter and for their continued work in protecting the Wyoming taxpayer funds used to fund Wyoming Medicaid,” Hill added. I would also like to thank the Campbell County Hospital District for cooperating with our audit and working with us to resolve this issue. ”

From the exit:

“The Wyoming Attorney General’s Medicaid Fraud Control Unit investigates and prosecutes Medicaid fraud, false Medicaid claims, and related criminal and civil violations committed by Wyoming Medicaid healthcare providers.

“The unit also investigates and prosecutes cases of abuse, neglect or financial exploitation by Medicaid providers and in health facilities funded by Medicaid. The unit receives 75% of its funding from the US Department of Health and Human Services in a grant totaling $ 344,536 for federal fiscal year 2021.

“The remaining 25%, totaling $ 114,841, is funded by the state of Wyoming. Wyoming residents who suspect health care fraud, misrepresentation, or related activity are encouraged to report it by calling the Medicaid Fraud Control Unit Hotline at 1-800-378 -0345, or by visiting its website.

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Data loss prevention: what is DLP and why is it important? https://amiyasahu.com/data-loss-prevention-what-is-dlp-and-why-is-it-important/ https://amiyasahu.com/data-loss-prevention-what-is-dlp-and-why-is-it-important/#respond Tue, 24 Aug 2021 22:04:24 +0000 https://amiyasahu.com/data-loss-prevention-what-is-dlp-and-why-is-it-important/ What is Data Loss Prevention (DLP)? Data Leak Prevention, also known as Data Leak Prevention, is a program that combines technologies, policies, and processes to prevent unauthorized personnel from gaining access to an organization’s sensitive information. DLP also refers to tools and techniques that help network administrators to monitor and manage transmitted data. This helps […]]]>

What is Data Loss Prevention (DLP)?

Data Leak Prevention, also known as Data Leak Prevention, is a program that combines technologies, policies, and processes to prevent unauthorized personnel from gaining access to an organization’s sensitive information. DLP also refers to tools and techniques that help network administrators to monitor and manage transmitted data. This helps prevent employees from sending confidential data outside of an organization.

DLP technologies help protect your data when it’s in use, in motion, and at rest.

  • Data used: Secure data in devices or applications during active processing by authenticating users and controlling access to sensitive data.
  • Data in motion: Ensure the protection of confidential data when it is transmitted over a network by encrypting information or by using messaging and messaging security tools.
  • Data at rest: Protect data stored in the cloud, databases, or other storage media, such as backup tapes and endpoint devices, with access control, encryption, and data retention policies. data.

How does data loss prevention work?

Organizations today are deploying advanced DLP tools and technologies that help monitor, detect, and block the transmission of confidential information outside of a corporate network. DLP products use algorithms that help determine which data transfers should be blocked. For example, DLP software would deny permission to users who go against company policy and attempt to send sensitive information outside of the organization. Additionally, DLP software can prevent unauthorized data transfer to an external storage drive by preventing employee terminals from reading and writing certain information.

DLP products monitor incoming emails for malicious attachments or suspicious links. These tools allow you to either flag inconsistent content so that employees can rate it manually, or block it in its tracks upon detection. You can set rules according to your company policies to classify data, such as financial data, critical data, or intellectual property, and establish appropriate levels of security based on the type of content and value for the company. business. DLP products interact with other systems, such as a content management system (CMS), to determine what content they should block to prevent unauthorized file transfer or information dissemination.

Why is data loss prevention important for organizations?

Data loss can be devastating for businesses of all sizes. The harsh truth is that no business is immune to data loss. It is estimated that a business will experience a cyberattack every 11 seconds in 2021. External threats aren’t the only concern for businesses. The Verizon 2021 Data Breach Investigations report found that more than 20% of security incidents involved insiders.

Data loss can impact the financial health of your business. As the IBM 2021 Cost of a Data Breach report shows, global average data breach costs have increased from $ 3.86 million to $ 4.24 million in 2021. In addition to financial losses, loss of data can lead to loss of productivity, revenue and customers. It can also damage your company’s reputation – a long-term negative impact of data loss.

Therefore, a data loss prevention strategy is vital to securing your data, protecting intellectual property, and staying in compliance with regulations. DLP systems ensure that your company’s confidential / classified data is not lost, mishandled, or accessed by unauthorized users.

What are the 3 types of data loss prevention?

The three main types of data loss prevention software include Network DLP, Endpoint DLP, and Cloud DLP.

Network DLP

Network DLP solutions provide greater visibility into your corporate network, allowing you to monitor and control the flow of information through the corporate network, email, or the web. DLP software helps you analyze network traffic and establish security policies to mitigate the risk of data loss while ensuring you stay compliant with regulations. By enforcing security policies, DLP software can perform certain predefined actions, such as allowing, blocking, reporting, auditing, encrypting, or quarantining suspicious activity that violates your company’s information security policies.

Endpoint DLP

Terminals, such as desktops and laptops, are the main tools of modern business. A new study from vArmour has found that 76% of U.S. employees have inappropriate access to sensitive data. Endpoint DLP solutions monitor endpoints, such as servers, computers, laptops, and mobile devices, where your business-critical information is used, moved, and stored. This is to prevent your sensitive data from being lost or misused by unauthorized persons.

DLP cloud

As businesses increasingly move their data and business applications to a cloud environment, cloud DLP is vital to ensuring that critical workloads are not disclosed, lost, or mismanaged. Cloud DLP solutions protect your data stored in the cloud by encrypting sensitive data and ensuring that data is sent only to cloud applications authorized by your organization. Today’s advanced cloud DLP technologies are able to identify, classify, delete or modify confidential data before it is shared in a cloud environment to protect your data from cyber threats, malicious insiders and accidental exposure.

Best practices for preventing data loss

  • Determine your goal: Be clear about what you’re trying to accomplish with your data loss prevention program, whether that’s protecting intellectual property, improving visibility and control of your data, or meeting regulatory requirements. Having a clear goal will help you determine what type of DLP solutions to include in your data loss prevention strategy – network, endpoint, or cloud DLP.
  • Identify and classify data: All data is not the same. To better protect your data, you must first identify data critical to your business, such as customer information, financial records, source codes, plans, etc., and categorize them according to their criticality levels.
  • Define data security policies: Develop comprehensive data security rules and policies and establish them on your corporate network. DLP technologies can perform preprogrammed rule-based actions to track, analyze, and prevent the sharing of sensitive files through insecure sources.
  • Manage access: Restrict access to sensitive data. Access and use of critical information should be restricted based on user roles and responsibilities. Using DLP tools, your system administrators can assign appropriate permission levels to users based on the type of data they are processing and their access levels.
  • Educate and train employees: Data loss prevention is an ongoing process and your employees are an essential part of the program. Therefore, educating and training your employees on the importance of data security and the implications of data loss on your business will play an important role in the success of your DLP program. After all, humans are considered the weakest link in cybersecurity.

Preventing Data Loss with Spanning 360

No matter how robust your DLP strategy is, the sad truth is that data loss is inevitable. Your data is constantly threatened by threats like human error, illegitimate deletion, phishing, programming errors, malicious insiders, cyber attacks, etc. You need to ensure that your company’s sensitive data is backed up and securely retrievable at all times to maintain business continuity when such cases occur.

Protect your business and your data with Spanning 360. Spanning 360 is the only enterprise-class end-to-end protection solution for Microsoft 365 and Google Workspace, with advanced features to help prevent, anticipate and mitigate account compromise and data loss.

Spanning 360 lets you detect and block even the most sophisticated email threats with three layers of defense powered by patented AI technology that monitors communication patterns between people, devices and networks to reveal the unreliable emails.

Spanning Dark Web Monitoring allows you to secure risky accounts before data loss occurs. It combines human expertise and sophisticated dark web intelligence with comprehensive research capabilities to proactively identify, analyze, and monitor your organization’s compromised or stolen credentials.

Plus, with Spanning Backup, your end users as well as administrators can quickly find and restore data to its original state with just a few clicks.

Check out Spanning 360 for comprehensive Microsoft 365 and Google Workspace data protection.

Learn more about Spanning 360

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Langley-based financial institute donates $ 5,000 to improve support for youth mental health – Aldergrove Star https://amiyasahu.com/langley-based-financial-institute-donates-5000-to-improve-support-for-youth-mental-health-aldergrove-star/ https://amiyasahu.com/langley-based-financial-institute-donates-5000-to-improve-support-for-youth-mental-health-aldergrove-star/#respond Tue, 24 Aug 2021 03:00:00 +0000 https://amiyasahu.com/langley-based-financial-institute-donates-5000-to-improve-support-for-youth-mental-health-aldergrove-star/ With a generous donation, youth in care can expect to receive increased mental health support. Envision Financial, a division of First West Credit Union, headquartered in Langley, donated $ 5,000 to SOS Children’s Village BC and its efforts to support youth in or aging out of care . “We are now at a point where […]]]>

With a generous donation, youth in care can expect to receive increased mental health support.

Envision Financial, a division of First West Credit Union, headquartered in Langley, donated $ 5,000 to SOS Children’s Village BC and its efforts to support youth in or aging out of care .

“We are now at a point where we can easily meet the increasing needs for mental well-being and provide young people with strategies to develop skills that will keep them healthy for life,” said Kistie Singh, Director General of SOS Children’s Village BC.

These young people have been under COVID-19 restrictions for 17 long months, resulting in precarious mental health and great need, according to the child development organization.

With this grant, Envision Financial has become the official financial partner of the SOS Children’s Village BC mental health program. The grant will support the youth of the village of Surrey and the greater community through a series of summer mental health retreats.

“As a financial cooperative, Envision Financial truly believes in the power of partnerships and the development of our communities,” said David Lanphear, President of Envision Financial.

“There has been a continued need for mental health programs in our communities – particularly during the pandemic – and we are delighted to partner with SOS Children’s Village BC to bring these important programs to life. “

SOS Children’s Villages has existed for over 70 years with a presence in 136 countries and 559 villages. British Columbia is home to the only SOS Children’s Village in Canada. SOS Children’s Village BC offers homes, a supportive community, and programs to help foster children and youth in need grow into caring, empowered adults.

For more information on SOS Children’s Village BC programs, visit www.sosbc.org.


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OU president delivers state of university speech at board meeting https://amiyasahu.com/ou-president-delivers-state-of-university-speech-at-board-meeting/ https://amiyasahu.com/ou-president-delivers-state-of-university-speech-at-board-meeting/#respond Sun, 22 Aug 2021 20:16:00 +0000 https://amiyasahu.com/ou-president-delivers-state-of-university-speech-at-board-meeting/ The Ohio University board met in committees on Friday to discuss, among other things, the FY22 budget and to hear from OU president Hugh Sherman before the semester begins. The Resources, Facilities and Affordability Committee met on Friday morning to discuss the findings for FY21 and the forecast for FY22 and beyond. Senior Vice President […]]]>

The Ohio University board met in committees on Friday to discuss, among other things, the FY22 budget and to hear from OU president Hugh Sherman before the semester begins.

The Resources, Facilities and Affordability Committee met on Friday morning to discuss the findings for FY21 and the forecast for FY22 and beyond.

Senior Vice President of Finance and Administration Deb Shaffer described the impacts of the pandemic on the university’s income, estimated at around $ 84 million. The additional expenses associated with the pandemic, which include categories related to testing and public health initiatives and cleaning and installation protocols, are estimated to have had an impact of just under $ 43 million.

Funding from external agencies, primarily federal CARES and state funding, is estimated at approximately $ 80 million. That leaves the final impact of the pandemic at around $ 47 million.

Among other factors, the university’s operating model in FY21 will offset the impact of the pandemic, Schaffer said.

“While we have this projected expense directly tied to the changes we made to the pandemic, because we were in the business model that we were, we talked about the fact that we had … significant savings compared to what we had budgeted and compared to previous years, linked to institutional spending, ”Schaffer said.

Given these saved expenses, the university should expect a surplus of $ 38 million from its operations. However, as the university begins the year-end closing process, these numbers may undergo some tweaking.

Over the next few years, OU tuition fees are expected to grow by 2%. Financial aid, Shaffer said, will likely increase as tuition fees increase. Multiple assumptions for future years have varying levels of probability and impact. Assumptions that have a high probability of changing and have a large impact include net tuition fees, wages and salaries, and healthcare inflation.

A resolution to approve the FY22 budget was sent to the full Council, with a recommendation for approval, where it was adopted unanimously.

Council discussed the six-year capital improvement plan, or CIP, estimated for fiscal years 22-28. This plan includes the university’s approach to deferred maintenance. Facilities Management Director Steve Wood outlined the top ten priority deferred maintenance projects, including various roofing projects, work on the college’s green tunnels and the renovation of Gamertsfelder Hall.

Other areas of interest covered by the six-year CIP are projects related to airport operations, transport and parking.

A resolution for the approval of the annual CIP of $ 66 million for fiscal 22 and project priorities of $ 336.9 million for fiscal years 23-28 has been sent to the full board, where it was adopted unanimously.

The Board of Directors approved two more resolutions, the first detailing the $ 10.6 million of the century bond financing for PIC FY22, and the second detailing additional capital projects such as the rehabilitation of the gate tunnel. class, steam repairs, energy efficiency upgrades and replacement of Peden’s boiler and domestic hot water tank. .

Governance and remuneration

The governance and compensation committee met on Friday to discuss adding another trustee to the board.

OU President Hugh Sherman said the additional administrator would have the same voting rights as a national administrator and provide better representation to the university’s Southeast Ohio region. He also suggested that the administrator be from outside the Athens community due to the university’s existing links with people within the community.

“We suggest that the individual be someone who has shown leadership and is involved in the activities of the local community,” Sherman said. “Some of the people that could be considered could be someone who represents nonprofit organizations, or a healthcare organization could be a few examples.”

In order to select this new trustee, there will be a list of qualifications that applicants must meet. Additionally, Sherman said he plans to possibly ask a group of mayors from cities where OU campuses are located to solicit a list of potential candidates and plans to make a formal proposal at the October meeting. from the administration board.

The committee then agreed to present two resolutions in October regarding the position. The first will be to change the regulations governing the appointment of the position and the second will be to add a new member of the board of directors.

Following this agreement, the entire Council voted in favor of electing the Council Treasurer and the meeting was adjourned.

State of the University Address

OU President Hugh Sherman addressed members of the university community in an official address on the state of the university.

Sherman said he wanted to prioritize student skills, technological advancements and financial health during his tenure at the OU.

Chairman of the Board, Cary Cooper, took the presidential oath alongside Board Secretary David Moore. After Sherman was sworn in, he spoke of his enthusiasm for the semester.

“When I came back to campus from the east end of town, it was so exciting to see all the students and everyone moving in,” he said. “And I saw the perfect scene you always see, right here near South Green, where a mother hugged her child and wouldn’t let her go.”

All the students were guest back on campus this coming school year, which has not been the case since the fall 2019 semester. Former OU president Duane Nellis resigned on May 13, two years before the official end of his contract, according to a precedent To post report. Table selected Sherman on May 27.

“The problem is really simple, and I think we all understand it,” Sherman said. “The income is stable… and it should be stable… if you take all the universities in the country. “

Sherman said he wanted to recruit and retain faculty and staff by offering competitive salaries, wages and benefits.

“I know it’s doable, but it takes financial discipline,” Sherman said.

Additionally, Sherman said he wanted students to be equipped with skills such as communication, data and technology literacy, critical thinking and systems thinking to adapt to developments in artificial intelligence and to its role in the workforce.

Anna Millar, Jack Knudson, Abby Neff, and Maya Morita contributed to this report.

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Don’t buy Cabot Corporation (NYSE: CBT) for its next dividend without doing these checks https://amiyasahu.com/dont-buy-cabot-corporation-nyse-cbt-for-its-next-dividend-without-doing-these-checks/ https://amiyasahu.com/dont-buy-cabot-corporation-nyse-cbt-for-its-next-dividend-without-doing-these-checks/#respond Sun, 22 Aug 2021 12:10:50 +0000 https://amiyasahu.com/dont-buy-cabot-corporation-nyse-cbt-for-its-next-dividend-without-doing-these-checks/ Cabot Company The stock (NYSE: CBT) is about to trade off-dividend in three days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders must be on the books of the company to receive a dividend. The ex-dividend date is an important date to know, as any purchase […]]]>

Cabot Company The stock (NYSE: CBT) is about to trade off-dividend in three days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders must be on the books of the company to receive a dividend. The ex-dividend date is an important date to know, as any purchase of shares made after this date may mean a late settlement which does not appear on the registration date. So you can buy the Cabot shares before August 26 in order to receive the dividend that the company pays on September 10.

The company’s next dividend payment will be US $ 0.35 per share, and over the past 12 months the company has paid a total of US $ 1.40 per share. Last year’s total dividend payouts show Cabot is yielding 2.7% on the current share price of $ 52.13. Dividends are a major contributor to returns on investment for long-term holders, but only if the dividend continues to be paid. It is therefore necessary to check whether dividend payments are covered and whether profits are growing.

See our latest review for Cabot

Dividends are usually paid out of the company’s profits, so if a company pays more than it earned, its dividend is usually at risk of being reduced. Cabot reported an after-tax loss last year, which means it pays a dividend despite being unprofitable. Although this may be a one-time event, it is unlikely to be sustainable in the long term. Given the lack of profitability, we also need to check whether the company has generated enough cash to cover the dividend payment. If Cabot did not generate enough cash to pay the dividend, then it had to either pay cash in the bank or borrow money, which is not sustainable in the long run. In the past year, it has paid over three-quarters (78%) of its generated free cash flow, which is quite high and could start to limit reinvestment in the business.

Click here to view the company’s payout ratio, as well as analysts’ estimates of its future dividends.

NYSE: CBT Historical Dividend August 22, 2021

Have profits and dividends increased?

Companies with declining profits are riskier for dividend shareholders. If profits fall enough, the company could be forced to cut its dividend. Cabot reported a loss last year, and the general trend suggests that its profits have also declined in recent years, which makes us wonder if the dividend is in jeopardy.

Most investors primarily assess a company’s dividend prospects by checking the historical rate of dividend growth. Over the past 10 years, Cabot has increased its dividend by approximately 6.9% per year on average.

Remember, you can still get an overview of Cabot’s financial health, by checking out our visualization of their financial health, here.

To summarize

Should investors buy Cabot for the next dividend? We are a little uncomfortable paying a dividend while being in deficit. However, we note that the dividend was covered by cash flow. Overall, this doesn’t seem like the most suitable dividend-paying stock for a long-term buy and hold investor.

However, if you are still interested in Cabot and want to learn more, then knowing the risks that this stock faces will be very helpful. Our analysis shows 2 warning signs for Cabot and you must know them before you buy stocks.

A common investment mistake is to buy the first interesting stock you see. Here you will find a list of promising dividend paying stocks with a yield above 2% and an upcoming dividend.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
*Interactive Brokers Ranked Least Expensive Broker By StockBrokers.com Online Annual Review 2020

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.

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Episode 1: So I was the caregiver https://amiyasahu.com/episode-1-so-i-was-the-caregiver/ https://amiyasahu.com/episode-1-so-i-was-the-caregiver/#respond Wed, 18 Aug 2021 14:14:20 +0000 https://amiyasahu.com/episode-1-so-i-was-the-caregiver/ In the first episode of Fair Shares, a Washington Post Creative Group and MassMutual podcast on helping smart women plan for a better financial future, host Bola Sokunbi – a financial education trainer and CEO of Clever Girl Finance – joins a mother trying to balance work, parenthood and money. Sokunbi speaks candidly with Ariana, […]]]>

In the first episode of Fair Shares, a Washington Post Creative Group and MassMutual podcast on helping smart women plan for a better financial future, host Bola Sokunbi – a financial education trainer and CEO of Clever Girl Finance – joins a mother trying to balance work, parenthood and money.

Sokunbi speaks candidly with Ariana, who found out her son has special needs when she started teaching him at home about a year ago. She became his full-time babysitter after losing her job during the pandemic – and had to figure out how to make ends meet while giving her the attention her functional needs require. Sokunbi helps Ariana think about a financial game plan, including purchasing life insurance, as she seeks to find a new balance in her life amid these difficult circumstances.

Show remarks:

  1. If, like Ariana, you are caring for someone with a disability or other special needs, a MassMutual Financial Services Representative with the Chartered Special Needs Consultant® (ChSNC) designation can work with you to review your financial outlook and provide you with solutions and personalized strategies. Learn more about https://www.massmutual.com/lp/specialcare.
  2. Establishing a trust can be important, especially if you have children. Visit https://www.massmutual.com/investment/advisory-trust-services for more information.
  3. Individual disability insurance can help protect your financial health. MassMutual can help you review your options. Learn more about https://www.massmutual.com/insurance/disability- Income-insurance.
  4. Check out the MassMutual life insurance calculator mentioned by Bola Sokunbi here: https://www.massmutual.com/financial-wellness/calculators/life-insurance-calculator.
  5. You too can start saving for your future. Learn more about the difference between IRA and Roth IRA here: https://www.massmutual.com/retirement/individual-retirement-accounts.
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Do you have a student? Important Documents About The Health Care, Finances, And Education They (And You) Need | Goulston & Storrs PC https://amiyasahu.com/do-you-have-a-student-important-documents-about-the-health-care-finances-and-education-they-and-you-need-goulston-storrs-pc/ https://amiyasahu.com/do-you-have-a-student-important-documents-about-the-health-care-finances-and-education-they-and-you-need-goulston-storrs-pc/#respond Tue, 10 Aug 2021 18:23:00 +0000 https://amiyasahu.com/do-you-have-a-student-important-documents-about-the-health-care-finances-and-education-they-and-you-need-goulston-storrs-pc/ August is upon us, and you may soon be sending kids to college (virtually or in person). If your child is 18 years of age or older, you and your child will need to take simple steps so that in an emergency you can make decisions about your child’s health care and finances and have […]]]>

August is upon us, and you may soon be sending kids to college (virtually or in person). If your child is 18 years of age or older, you and your child will need to take simple steps so that in an emergency you can make decisions about your child’s health care and finances and have access to information. medical and financial accounts. The same applies if you want to have access to your child’s school records.

Medical information. Once your child turns 18, your child is considered an adult by law and you no longer have the legal right to make health care decisions on behalf of your child or access your child’s health care information. Therefore, if you have an adult child, your child must sign certain legal documents designating you as their health worker and allowing you to access their medical information:

  1. Your child must perform a “Health Care Power of Attorney” appointing you as their proxy for health care decisions. In it, your child authorizes you to make health care decisions on behalf of your child if they become unable to make or communicate such decisions on their own. The child can also express his or her own wishes for medical treatment.
  2. Your child must also sign a “HIPAA Authorization Form”. The Health Insurance Portability & Accountability Act of 1996 (commonly known as “HIPAA”) protects the confidentiality of an individual’s medical information, and health care providers may require a patient’s written consent to share information. information with family members, including parents of an adult child. . Your child’s college or university may also have policies in place that prevent them from sharing medical information without the student’s consent. This form will serve as a written authorization authorizing those who provide health care services to your child to share medical information with you as your child’s health care worker.
  3. In addition, you should be in contact with the health services department of your child’s college or university. The establishment can provide its own medical information disclosure authorization form that can be kept on file with the establishment’s health services directorate.

Financial accounts. If you are to have the capacity to act on behalf of your adult child with respect to financial matters, your child must also sign a “Lasting Power of Attorney” appointing you as your child’s agent with respect to assets and the child’s finances. If your child is attending university away from home, studying abroad, or having a medical emergency, it may be helpful for you to access your child’s accounts on their behalf. This allows you to pay a child’s bills from their accounts, make deposits, and open or close accounts. In addition, an enduring power of attorney allows you to handle other financial tasks for the child, such as filing income tax returns or renewing a lease.

Educational files. Finally, the Family Educational Rights and Privacy Act (FERPA) protects the educational records of a child who is 18 years old or who is enrolled in a post-secondary institution from the access of his parents. If the child’s parents state that the child is dependent on their tax returns, the parents can still access the child’s school records without the child’s consent. However, institutions may be reluctant to allow access to school records for any child over the age of 18 without a signed “FERPA waiver” by the child, regardless of their dependent status. If you would like to have access to your child’s school records, you may consider having them sign a FERPA waiver in advance. The establishment will usually provide the FERPA form.

* * *

These documents are not difficult to put together and should help provide some peace of mind for you and your student.

[View source.]

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Non-life insurers will suffer longer from pandemic: CEO of Liberty General https://amiyasahu.com/non-life-insurers-will-suffer-longer-from-pandemic-ceo-of-liberty-general/ https://amiyasahu.com/non-life-insurers-will-suffer-longer-from-pandemic-ceo-of-liberty-general/#respond Mon, 09 Aug 2021 16:30:51 +0000 https://amiyasahu.com/non-life-insurers-will-suffer-longer-from-pandemic-ceo-of-liberty-general/ Non-life insurers will suffer longer from pandemic: CEO of Liberty GeneralThe uncertainty over the personal and financial health of the public resulting from the pandemic and its spillover effects on the general insurance industry will persist longer as the loss of livelihoods and worsening income disparities have drastically increased. changed consumption patterns, warns an actor in the sector. The general insurance industry has already been […]]]> Non-life insurers will suffer longer from pandemic: CEO of Liberty General

The uncertainty over the personal and financial health of the public resulting from the pandemic and its spillover effects on the general insurance industry will persist longer as the loss of livelihoods and worsening income disparities have drastically increased. changed consumption patterns, warns an actor in the sector.

The general insurance industry has already been hit hard by increasing claims from their health insurance verticals due to the pandemic. The two waves of the deadly viral infection have so far bled the general insurance industry to the tune of around Rs 27,000 crore as more than 2 million customers have made claims across the world. industry until early July, according to Roopam Asthana, managing director and managing director of non-life insurance middleman Liberty General Insurance.

Of this, all of FY’21 saw only claims worth Rs 14,500 crore from around 9.8 lakh from customers. In contrast, the first three months of FY’22 alone saw nearly 12 lakh clients requesting over Rs 13,000 crore in reimbursement or cashless hospitalization, he said and added that he did not This is just the second wave and no one knows what’s in store for the industry as the world fears a third wave. Uncertainty has reigned in our personal and professional lives for a long time. The pandemic has dramatically altered consumption patterns, as a large majority of the public has suffered loss of income, partial or permanent, ”Asthana told PTI.

The general insurance industry closed FY21 with a gross written premium of Rs.198,724 crore with modest growth as its flagship automotive business was hit hard, which was partially offset by uncontrollable sales of health insurance.

Liberty closed FY21 with Rs 1,446 crore in premiums or 0.73% of the overall pie, he said, adding that in the healthcare vertical its market share was 0.4% and that the proportion of the claim was also similar, Asthana said, without disclosing the actual number of health claims he had so far.

It closed the first quarter of fiscal 22 with Rs 337 crore in premium income, led by Rs 170 crore in engine premium and Rs 80.5 crore in health and Rs 86.4 crore in commercial premium, did he stated and admitted that the quarter had been a failure although there was some engine pull and health at first. But on a net basis, the quarter was a failure, he said.

Consumption is the biggest challenge as health now dominates every family’s top priority and this will persist for years to come as insurance will be a low priority for the average majority, Asthana said. It will be catastrophic for insurers with large healthcare portfolios, as what the industry has gained from the automotive segment due to lockdowns has been lost on the healthcare front through higher claims, a- he warned and said the introduction of universal health coverage is the need of the hour.

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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