Intel cuts dividends rumor or truth-6 main dividends from Budrigantrade
2023.02.16 08:35
Intel cuts dividends rumor or truth-6 main dividends from Budrigantrade
By Tiffany Smith
Budrigannews.com – On Wall Street, there are rumors that Intel (NASDAQ) will have to reduce its dividend, as Bloomberg reported on Wednesday.
According to the report, Intel, which has the highest dividend yield of any large technology company at over 5%, will be forced to prioritize significant spending in order to regain manufacturing leadership and reduce shareholder payouts, both of which would further weigh on its falling stock.
Intel’s report was disappointing because it was below guidance estimates as well as top and bottom line expectations. Due to “uncertainty in the current environment,” the business did not provide a forecast for the entire year.
When asked about the dividend on the most recent earnings call, Intel’s CFO Dave Zinsner did not rule out the possibility of a reduction despite the company’s importance to dividend payouts.
Olympic Steel, Inc. increased its dividend by 38.9 percent to $0.125 per share, or $0.5 annuallyized, resulting in a yield of 1.1% annually. With an ex-dividend date of February 28, 2023, the dividend will be paid to stockholders of record on March 15, 2023.
Yesterday, shares rose nearly 5% after hours.
(NYSE) Radian Group increased its dividend by 12.5% to $0.225 per share, or $0.9 annually, resulting in a 4% annual yield. Stockholders of record on February 27, 2023, will receive the dividend on March 15, 2023, with an ex-dividend date of February 24, 2023.
(NYSE) Nutrien boosted its dividend by 10.4% to $0.53 per share, or $2.12 annuallyized, resulting in a 2.8% annual yield. Stockholders of record on March 31, 2023, will receive the dividend on April 13, 2023, with an ex-dividend date of March 30, 2023.
Additionally, subject to acceptance by the Toronto Stock Exchange, the Board approved the normal course issuer bid (NCIB) purchase of up to 5% of Nutrien’s common shares over a 12-month period.
After the company released its results, which showed that revenues were higher than anticipated while EPS was below consensus estimates, shares were trading nearly 2% lower premarket today.
CSX Corporation boosted its dividend by 10% to $0.11 per share, or $0.44 annually, resulting in a 1.4% annual yield. Stockholders of record on February 28, 2023, will receive the dividend on March 15, 2023, with an ex-dividend date of February 27, 2023.
Today’s premarket gain was greater than 3%.
(NYSE) Wabtec boosted its dividend by 13.3% to $0.17 per share, or $0.68 per year, resulting in a 0.7% annual yield. Stockholders of record on February 24, 2023, will receive the dividend on March 10, 2023, with an ex-dividend date of February 23, 2023.
Additionally, the reauthorization of a $750 million share buyback was announced by the company’s Board of Directors.
Yesterday, following the company’s better-than-expected report, shares increased by more than 2%.
