© Reuters
Investing.com — Here is your Pro Recap of the biggest dividend hikes, special dividends, and share-buyback announcements you may have missed this week.
Looking to build a market-betting portfolio for 2024? Join InvestingPro now and access the AI-powered strategy that outperformed the market by 670% over the last decade.
AutoZone announces new $2 billion share buyback
AutoZone (NYSE:) declared that its Board of Directors approved an additional $2.0 billion for the buyback of the company’s common stock, as a part of its continuing share repurchase program.
Since this program began in 1998, the Board of Directors has now authorized a total of $37.7B for stock repurchases.
Rayonier declares a special dividend
Rayonier (NYSE:) declared a special dividend of $0.20 per share, with an annual yield of 0.6%.
The dividend will be payable on January 12, 2024, to stockholders of record on December 29, 2023, with an ex-dividend date of December 28, 2023.
Three dividend hikes
WEC Energy Group (NYSE:) raised its quarterly dividend by 7.1% to $0.835 per share, or $3.34 annualized, with an annual yield of 4%. The dividend will be payable on March 1, 2024, to stockholders of record on February 14, 2024, with an ex-dividend date of February 13, 2024.
Fulton Financial (NASDAQ:) raised its quarterly dividend by 6.3% to $0.17 per share, or $0.68 annualized, with an annual yield of 4.1%. The dividend will be payable on January 12, 2024, to stockholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023.
ServisFirst Bancshares (NYSE:) hiked its quarterly dividend by 7.1% to $0.30 per share, or $1.2 annualized, with an annual yield of 1.8%. The dividend will be payable on January 8, 2024, to stockholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023.
Take your investing game to the next level in 2024 with ProPicks
Institutions and billionaire investors worldwide are already well ahead of the game when it comes to AI-powered investing, extensively using, customizing, and developing it to bulk up their returns and minimize losses.
Now, InvestingPro users can do just the same from the comfort of their own homes with our new flagship AI-powered stock-picking tool: ProPicks.
With our six strategies, including the flagship “Tech Titans,” which outperformed the market by a lofty 952% over the last decade, investors have the best selection of stocks in the market at the tip of their fingers every month.
Subscribe here for up to 50% off as part of our year-end sale and never miss a bull market again!
