Deluxe to Report Second Quarter 2025 Results on August 6, 2025
About Deluxe
Deluxe, a Trusted Payments and Data company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions and hundreds of the world's largest consumer brands, while processing more than $2 trillion in annual payment volume. Our reach, scale and distribution channels position Deluxe to be our customers' most trusted business partner. To learn how we can help your business, visit us at www.deluxe.com.
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Business Wire
12 minutes ago
- Business Wire
TEP to Convert Coal-Fired Springerville Generating Station Units to Natural Gas
TUCSON, Ariz.--(BUSINESS WIRE)--Tucson Electric Power (TEP) plans to convert two units at the coal-fired Springerville Generating Station (SGS) to run on natural gas by 2030. The project will maintain access to affordable, around-the-clock energy while reducing carbon emissions and preserving local jobs. 'Our SGS conversion project will extend the life of a plant that has powered Tucson's growth for more than four decades,' said Susan Gray, TEP's President and CEO. 'It will help us provide reliable, affordable, and increasingly sustainable service while extending our productive partnership with communities in the White Mountains region.' Arizona Governor Katie Hobbs praised the project. 'A resilient grid that's reliable, affordable, and sustainable is core to delivering on the Arizona Promise,' Hobbs said. 'This plan will deliver cleaner air and lower costs, while strengthening communities in northeastern Arizona and building a more resilient energy future.' Cost-Effective Capacity The conversion will provide comparable capacity to the coal-fired units while costing less than building new resources such as a new combined cycle natural gas-fired facility or solar plus long-term energy storage systems that provide comparable reliability. The natural gas conversion also will provide greater cost certainty compared to the continued use of coal. TEP's 2023 Integrated Resource Plan called for the retirement of SGS Units 1 and 2 in 2027 and 2032, respectively, due to rising fuel costs, increasing delivery risks, anticipated mine closures, and environmental considerations and regulation. Although current federal policy is supportive of coal-fired generation, those long-term risks remain. Natural gas-fired generators provide advantages over coal-fired power plants on today's energy grid, as they can better accommodate and support increasing levels of intermittent wind and solar power. Coal plants are designed to operate at steady levels and cannot easily ramp up or down in response to customer needs and renewable energy output. Lower Carbon Emissions The conversion will reduce the units' carbon dioxide emissions by 40 percent, supporting TEP's goal of achieving net zero direct greenhouse gas emissions by 2050 without compromising on reliability or affordability. We are pursuing that aspirational goal through a balanced energy mix that also supports greater resiliency and energy security. Natural gas generation can serve as a 'bridge' to a cleaner energy future, providing ready, reliable power while newer technologies mature. Options may include cost-effective long-duration storage, small modular nuclear reactors, and a switch to hydrogen as a carbon-free fuel source for plants previously powered by natural gas. 'Achieving our 2050 net zero goal will require an all-of-the-above approach, including investments in clean energy solutions and partnerships with customers to encourage thoughtful energy use,' Gray said. 'While we cannot predict exactly how we'll achieve net zero carbon emissions, we know that efficient, reliable natural gas generation will be a part of our path toward that goal.' Supporting Local Economies The SGS repowering project will support the continued availability of affordable, reliable power in Southern Arizona for local residents and businesses. It will also maintain jobs and tax revenues for Springerville, Eager, St. John's and other White Mountains communities that our SGS employees call home. 'This transition at Springerville is a step toward a more sustainable energy future that doesn't leave rural Arizona behind,' said U.S. Sen. Ruben Gallego (D-Ariz.). 'By moving away from coal while maintaining affordable and reliable power, TEP is showing that we can protect jobs, while propelling innovative energy solutions at the same time. Arizona needs smart, balanced solutions like this that support working families, strengthen local economies, and keep us moving toward our clean energy goals.' TEP has been operating SGS since 1985 on a high desert plain about 175 miles northeast of Tucson, near the Arizona-New Mexico border and about 15 miles outside of Springerville, Ariz. It was one of several coal-fired power plants developed during the 1970s and 1980s in the Four Corners area to support growing communities in the southwest United States. 'Springerville Generating Station isn't just a power plant. It's a lifeline to the Round Valley communities,' said Springerville Mayor Shelly Reidhead. 'This commitment to repower the plant with natural gas helps ensure a brighter future for this region, saving jobs, stabilizing the tax base and attracting future energy investments.' SGS Unit 1 came online in 1985, while Unit 2 came online in 1990. TEP owns Units 1 and 2 and operates all four units at the plant, including Unit 3, a 400 MW unit owned by Tri-State Generation and Transmission Association, and Unit 4, a 400 MW unit owned by Salt River Project (SRP). Please visit our Media Resource Page for a video interview about TEP's plan to repower SGS and b-roll footage of the plant.
Forbes
13 minutes ago
- Forbes
The Monthly Dividend Calendar: How The Ultra Wealthy Build Cash Machines
Sources of Wealth Warren Buffett's enduring wisdom rings especially true for America's wealthiest families: "Someone is sitting in the shade today because someone planted a tree a long time ago." For family offices managing generational wealth, this philosophy translates into sophisticated income strategies that prioritize decades over quarters and increasingly, that means embracing the monthly dividend calendar. Unlike retail investors who might check their portfolios sporadically, ultra-high-net-worth families face relentless monthly obligations. Private jet maintenance, philanthropic commitments, estate management, and don't pause for quarterly earnings reports. These families need predictable, consistent cash flow which explains why family offices overseeing $50 million to $500 million are quietly revolutionizing their approach to dividend investing. Engineering Monthly Income Streams The concept is elegantly simple yet remarkably powerful: construct a portfolio of 24 carefully selected dividend-paying stocks, with two companies distributing payments each month. The result? A synthetic salary that arrives as reliably as clockwork, without ever selling a single share. This systematic approach delivers three critical advantages for wealthy families. First, it provides reliable liquidity to fund lifestyle expenses and philanthropic initiatives. Second, qualified dividends receive favorable tax treatment compared to ordinary income. Third, the strategy enables portfolio compounding without forced liquidations that could disrupt long-term wealth accumulation. Consider this sample monthly dividend calendar, featuring blue-chip stalwarts and Dividend Aristocrats: January: Brookfield Infrastructure (BIPC) and Nike (NKE)February: Procter & Gamble (PG) and AbbVie (ABBV)March: Realty Income (O) and McDonald's (MCD)April: Verizon (VZ) and Altria (MO)May: Chevron (CVX) and Apple (AAPL)June: Microsoft (MSFT) and UnitedHealth (UNH)July: Coca-Cola (KO) and Dollar General (DG)August: Lockheed Martin (LMT) and Charles Schwab (SCHW)September: Waste Management (WM) and Deere & Co (DE)October: Canadian National Railway (CNI) and Sysco (SYY)November: Amgen (AMGN) and Citigroup (C)December: ExxonMobil (XOM) and T-Mobile (TMUS) These aren't speculative yield plays they're fortress-like businesses with decades-long track records of dividend growth and reliability. The Blue Owl Advantage Among alternative asset managers capturing family office attention, Blue Owl Capital (NYSE: OWL) stands out as a compelling case study in modern dividend strategy. Since going public in 2021, this alternative asset management powerhouse has delivered consistent quarterly distributions while building a business model specifically designed for income reliability. Blue Owl's appeal lies in its focus on permanent capital strategies, including direct lending and GP stakes, which generate durable cash flows across market cycles. Currently yielding approximately 3.9%, the company's dividend is backed by strong recurring revenue streams from management and advisory fees creating what amounts to a cash flow machine for shareholders. For family offices seeking alternatives to traditional fixed-income investments, Blue Owl represents a new breed of dividend-paying companies: those that combine the reliability of utility-like payouts with superior growth prospects and inflation protection. Strategic Advantages for Ultra-Wealthy Families The monthly dividend strategy addresses several unique challenges facing family offices. Most importantly, it synchronizes investment income with monthly outflows, eliminating the cash management headaches that come with quarterly or annual dividend payments. This approach also minimizes the wealth-eroding effect of holding excessive idle capital in low-yielding money market accounts. By keeping capital productively invested while generating monthly income, families can maintain their purchasing power against inflation while preserving long-term growth potential. Perhaps most valuable is the optionality that monthly income provides. Regular cash flow creates opportunities for tactical reinvestment, private market commitments, or opportunistic acquisitions without disrupting core portfolio positions. Avoiding Common Pitfalls Even sophisticated investors can stumble when implementing dividend strategies. The most dangerous mistake is chasing yield at the expense of quality such as prioritizing current income over dividend sustainability. Similarly, overconcentration in high-yielding sectors like REITs or utilities can create dangerous sector exposure. Smart family offices focus on dividend safety metrics, particularly payout ratios and free cash flow coverage. They also prioritize companies with dividend growth potential, recognizing that static payouts become wealth-destroying in inflationary environments. The Compounding Revolution Building a dividend-focused portfolio isn't about market timing or alpha generation, it's about creating a self-sustaining income engine that reduces dependence on asset sales. Over time, as dividends grow and compound, this strategy creates what Buffett might call "financial shade" protection from market volatility, liquidity constraints, and economic uncertainty. For America's wealthiest families, the monthly dividend calendar represents more than an investment strategy. It's a cash flow system, a liquidity solution, and a wealth preservation philosophy rolled into one elegant approach. As traditional bond yields remain suppressed and market volatility persists, this time-tested strategy is gaining momentum among those who understand that true wealth isn't just about accumulation it's about sustainable income generation that can support families for generations. The tree that Warren Buffett referenced isn't just growing, it's bearing fruit every single month.
Yahoo
40 minutes ago
- Yahoo
UNH Guidance Shock Sends Shares Tumbling, CEO Promises 2026 Upswing
July 29 - UnitedHealth Group (NYSE:UNH) shares slid 5% Tuesday after new leadership set a full?year adjusted earnings?per?share target well below analyst forecasts. The company now expects at least $16.00 in adjusted EPS for fiscal 2025, down sharply from the previously withdrawn guidance of $26.00$26.50. Warning! GuruFocus has detected 4 Warning Sign with UNH. That outlook trails the FactSet consensus of $20.64 and falls beneath investor expectations of $18.00$20.00. Still, comments on 2026 projections helped avert a steeper selloff: UnitedHealth forecasts a return to earnings growth next year. Stephen Hemsley, who took the reins as CEO after Andrew Witty's departure, told analysts he anticipates solid to moderate EPS gains in 2026, with growth accelerating in 2027 and beyond. For Q2, UnitedHealth reported adjusted EPS of $4.08 versus the $4.48 consensus, and revenue of $111.6 billion, just above the $111.5 billion estimate. Executives pointed to pricing errors in managed?care plans, where medical costs outpaced projections, as the main drag on guidance this year. Investors will watch upcoming updates on cost controls and capital allocation as the company works to restore confidence and rebuild its market value. This article first appeared on GuruFocus.
