Home Stock 7 massive dividends & buybacks: Costco, J&J hike their payouts

7 massive dividends & buybacks: Costco, J&J hike their payouts

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7 massive dividends & buybacks: Costco, J&J hike their payouts

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© Reuters.

By Davit Kirakosyan

Investing.com — Right here is your Professional Recap of the largest recent dividend hikes, particular dividends, and inventory buybacks you’ll have missed this week.

Costco hikes dividend, shares acquire

Costco Wholesale (NASDAQ:) shares rose practically 2% on Thursday after the corporate 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 probably be payable on Might 19, 2023, to stockholders of report on Might 5, 2023, with an ex-dividend date of Might 4, 2023.

Final month the corporate reported its , with EPS of $3.30 coming in higher than the consensus of $3.21, whereas income of $54.24 billion missed the consensus estimate of $55.55B.

Shares gained 3% this week.

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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 two.9%.

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

The corporate reported its on Tuesday, with each EPS of $2.68 and income of $24.7B beating expectations. Moreover, the corporate raised its 2023 outlook, anticipating EPS of $10.60-$10.70 and income of $97.9-98.9B, each above the consensus estimates.

Shares closed the week with an almost 2% loss.

5 extra dividends & share buybacks

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

Moreover, the corporate elevated its share repurchase authorization to $258 million from the prior unused authorization of $58M.

Shares fell practically 6% this week.

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

Shares dropped greater than 7% on Friday after the corporate reported worse-than-expected .

Worth Line (NASDAQ:) hiked its dividend by 12% to $0.28 per share, or $1.12 annualized, for an annual yield of two.4%. The dividend will probably be payable on Might 11, 2023, to stockholders of report on Might 1, 2023, with an ex-dividend date of April 28, 2023.

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

Moreover, the corporate approved a further $5B of share repurchases.

Shares gained greater than 6% this week.

Peabody Vitality (NYSE:) on Monday authorized a brand new frequent inventory repurchase authorization of as much as $1B. Together with this, it authorized a brand new shareholder return framework that additionally features a mounted quarterly money dividend and a variable quarterly money dividend element.

The corporate plans to return to shareholders no less than 65% of its annual Out there Free Money Move (AFCF) retroactive to January 1, 2023.

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