Stock Market News

7 big dividends & buybacks: Costco, J&J hike their payouts | Pro Recap

2023.04.23 09:45


© Reuters.

By Davit Kirakosyan

Investing.com — Here is your Pro Recap of the biggest fresh dividend hikes, special dividends, and stock buybacks you may have missed this week.

Costco hikes dividend, shares gain

Costco Wholesale (NASDAQ:) shares rose nearly 2% on Thursday after the company hiked its dividend by 13.3% to $1.02 per share, or $4.08 annualized, for an annual yield of 0.8%.

The dividend will be payable on May 19, 2023, to stockholders of record on May 5, 2023, with an ex-dividend date of May 4, 2023.

Last month the company reported its , with EPS of $3.30 coming in better than the consensus of $3.21, while revenue of $54.24 billion missed the consensus estimate of $55.55B.

Shares gained 3% this week.

InvestingPro users always know first. Start your free 7-day trial to get on board.

Johnson & Johnson hikes dividend, beats Q1 & raises outlook

Johnson & Johnson (NYSE:) hiked its dividend by 5.3% to $1.19 per share, or $4.76 annualized, for an annual yield of 2.9%.

The dividend will be payable on June 6, 2023, to stockholders of record on May 23, 2023, with an ex-dividend date of May 22, 2023.

The company reported its on Tuesday, with both EPS of $2.68 and revenue of $24.7B beating expectations. Furthermore, the company raised its 2023 outlook, expecting EPS of $10.60-$10.70 and revenue of $97.9-98.9B, both above the consensus estimates.

Shares closed the week with a nearly 2% loss.

5 more dividends & share buybacks

Griffon (NYSE:) declared a special dividend of $2.00 per share, for an annual yield of 6.3%. The dividend will be payable on May 19, 2023, to stockholders of record on May 9, 2023, with an ex-dividend date of May 8, 2023.

Furthermore, the company increased its share repurchase authorization to $258 million from the prior unused authorization of $58M.

Shares fell nearly 6% this week.

Capstar Financial (NASDAQ:) hiked its dividend by 10% to $0.11 per share, or $0.44 annualized, for an annual yield of 3%. The dividend will be payable on May 24, 2023, to stockholders of record on May 10, 2023, with an ex-dividend date of May 9, 2023.

Shares dropped more than 7% on Friday after the company reported worse-than-expected .

Value Line (NASDAQ:) hiked its dividend by 12% to $0.28 per share, or $1.12 annualized, for an annual yield of 2.4%. The dividend will be payable on May 11, 2023, to stockholders of record on May 1, 2023, with an ex-dividend date of April 28, 2023.

The Travelers Companies (NYSE:) hiked its dividend by 7.5% to $1.00 per share, or $4 annualized, for an annual yield of 2.4%. The dividend will be payable on June 30, 2023, to stockholders of record on June 9, 2023, with an ex-dividend date of June 8, 2023.

Furthermore, the company authorized an additional $5B of share repurchases.

Shares gained more than 6% this week.

Peabody Energy (NYSE:) on Monday approved a new common stock repurchase authorization of up to $1B. Along with this, it approved a new shareholder return framework that also includes a fixed quarterly cash dividend and a variable quarterly cash dividend component.

The company plans to return to shareholders at least 65% of its annual Available Free Cash Flow (AFCF) retroactive to January 1, 2023.

InvestingPro | Be The First To Know

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 84,300.59 0.06%
ethereum
Ethereum (ETH) $ 1,942.76 0.99%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.41 2.80%
bnb
BNB (BNB) $ 617.57 5.35%
solana
Solana (SOL) $ 135.59 1.44%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.754087 2.60%
dogecoin
Dogecoin (DOGE) $ 0.176451 3.45%
tron
TRON (TRX) $ 0.22184 0.16%
staked-ether
Lido Staked Ether (STETH) $ 1,942.27 1.26%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,218.56 0.10%
pi-network
Pi Network (PI) $ 1.45 3.89%
chainlink
Chainlink (LINK) $ 14.10 2.16%
leo-token
LEO Token (LEO) $ 9.71 0.70%
the-open-network
Toncoin (TON) $ 3.44 17.25%
stellar
Stellar (XLM) $ 0.275957 0.39%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,327.30 1.09%
usds
USDS (USDS) $ 1.00 0.02%
hedera-hashgraph
Hedera (HBAR) $ 0.194077 1.83%
avalanche-2
Avalanche (AVAX) $ 19.16 2.14%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 0.86%
sui
Sui (SUI) $ 2.37 1.93%
litecoin
Litecoin (LTC) $ 93.12 1.64%
bitcoin-cash
Bitcoin Cash (BCH) $ 345.21 5.56%
polkadot
Polkadot (DOT) $ 4.38 4.31%
mantra-dao
MANTRA (OM) $ 6.61 5.60%
weth
WETH (WETH) $ 1,942.87 1.04%
ethena-usde
Ethena USDe (USDE) $ 0.999866 0.05%
bitget-token
Bitget Token (BGB) $ 4.46 0.92%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999957 0.06%
hyperliquid
Hyperliquid (HYPE) $ 14.41 3.24%
whitebit
WhiteBIT Coin (WBT) $ 28.92 1.25%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,064.02 1.01%
monero
Monero (XMR) $ 211.88 0.91%
uniswap
Uniswap (UNI) $ 6.24 2.92%
susds
sUSDS (SUSDS) $ 1.04 0.04%
aptos
Aptos (APT) $ 5.40 3.72%
dai
Dai (DAI) $ 0.999855 0.01%
near
NEAR Protocol (NEAR) $ 2.68 2.07%
pepe
Pepe (PEPE) $ 0.000007 3.03%
internet-computer
Internet Computer (ICP) $ 5.85 3.66%
okb
OKB (OKB) $ 46.55 0.90%
ondo-finance
Ondo (ONDO) $ 0.884532 2.20%
ethereum-classic
Ethereum Classic (ETC) $ 18.01 0.03%
gatechain-token
Gate (GT) $ 21.74 1.73%
aave
Aave (AAVE) $ 174.35 0.72%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,278.58 0.10%
mantle
Mantle (MNT) $ 0.754863 3.15%
official-trump
Official Trump (TRUMP) $ 12.22 3.03%