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Investing.com — Right here is your Professional Recap of the most important dividend hikes, particular dividends, and share-buyback bulletins you will have missed this week.
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TE Connectivity approves a brand new $1.5 billion buyback, hikes dividend by 10%
TE Connectivity (NYSE:) introduced on Tuesday that its board of administrators has approved a rise in its share repurchase program by a further $1.5 billion.
Moreover, the board accepted a advice to hike the corporate’s quarterly dividend by 10% to $0.65 per share, or $2.60 per share annualized. This proposal is about to be submitted for approval by the shareholders on the firm’s annual normal assembly scheduled for March 13, 2024.
Cigna pronounces a brand new $10B buyback
Cigna (NYSE:) introduced that its Board of Administrators accepted a further $10B for share repurchases, bringing the full authorization for inventory buybacks to $11.3B. This announcement comes within the wake of earlier experiences indicating that the corporate ended negotiations to merge with Humana (NYSE:). Following the announcement, shares jumped greater than 16% on Monday.
“We believe Cigna’s shares are significantly undervalued and repurchases represent a value-enhancing deployment of capital as we work to support high-quality care, improved affordability, and better health outcomes,” stated CEO David M. Cordani.
Two hikes and a particular dividend
Costco Wholesale (NASDAQ:) declared a particular dividend of $15 per share, payable on January 12, 2024, to stockholders of report on December 28, 2023, with an ex-dividend date of December 27, 2023. The annual yield on the dividend is 2.4%.
Lamb Weston (NYSE:) hiked its quarterly dividend by 28.6% to $0.36 per share, or $1.44 annualized, for an annual yield on the dividend is 1.4%. The dividend might be payable on March 1, 2024, to stockholders of report on February 2, 2024, with an ex-dividend date of February 1, 2024.
American Eagle Outfitters (NYSE:) hikes its quarterly dividend by 25% to $0.125 per share, or $0.5 annualized, for an annual yield of two.4%. The dividend might be payable on January 19, 2024, to stockholders of report on January 5, 2024, with an ex-dividend date of January 4, 2024.
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