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6 big dividends: Jackson Financial hikes, Saratoga keeps jumbo yield Pro Recap
6 big dividends: Jackson Financial hikes, Saratoga keeps jumbo yield Pro Recap By Investing.com
Breaking News
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Stock Markets Mar 01, 2023 06:47AM ET
(C) Reuters
By Davit Kirakosyan
Investing.com — Here is your daily Pro Recap of the biggest dividend headlines you may have missed on InvestingPro. Start your free 7-day trial to get this news first.
Jackson Financial hikes dividend, increases buyback, but shares down on Q4 revenue miss
Jackson Financial (NYSE:JXN) hiked its dividend by 13% to $0.62 per share, for an annual yield of 5.5%. The dividend is payable on March 23, 2023, to shareholders of record at the close of business on March 14, 2023.
The company also authorized an increase of $450 million to its existing share repurchase authorization, which has $90M remaining as of Feb 22.
The company reported its Q4 results yesterday, with EPS beating the consensus estimates, while revenues coming in significantly worse than expected.
Shares fell more than 5% pre-market today.
Saratoga Investment hikes payout, maintains 10% yield
Saratoga Investment (NYSE:SAR) hiked its dividend by 1.5% to $0.69 per share, or $2.76 annualized, for an annual yield of 10%. The dividend will be payable on March 30, 2023, to stockholders of record on March 16, 2023, with an ex-dividend date of March 15, 2023.
4 more hikes
Linde (NYSE:LIN) hiked its dividend by 9% to $1.275 per share, or $5.1 annualized, for an annual yield of 1.5%. The dividend will be payable on March 28, 2023, to stockholders of record on March 14, 2023, with an ex-dividend date of March 13, 2023.
Delek US (NYSE:DK) hiked its dividend by 4.8% to $0.22 per share, or $0.88 annualized, for an annualized yield of 3.2%. The dividend will be payable on March 17, 2023, to stockholders of record on March 10, 2023, with an ex-dividend date of March 9, 2023.
RCI Hospitality (NASDAQ:RICK) hiked its dividend by 20% to $0.06 per share, or $0.24 annualized, for an annual yield of 0.3%. The dividend will be payable on March 29, 2023, to stockholders of record on March 15, 2023, with an ex-dividend date of March 14, 2023.
Valmont Industries (NYSE:VMI) hiked its dividend by 9% to $0.60 per share, or $2.40 annualized, for an annual yield of 0.75%. The dividend will be payable on April 14, 2023, to shareholders of record on March 31, 2023. The Company previously increased the dividend by 10% in February 2022.
The company also announced a $400M buyback, which will be effective once the current authorization (approximately $81M remaining as of December 31, 2022) is completed.
