Investing.com -- Here is your daily Pro Recap of the biggest dividend headlines you may have missed on InvestingPro since yesterday. Start your free 7-day trial to get this news first.
Group 1's big payout raise
Group 1 Automotive (NYSE:GPI) hiked its dividend by 20% to $0.45 per share, or $1.8 annualized, for an annual yield of 0.8%. The dividend will be payable on February 14, 2023, to stockholders of record on February 14, 2023, with an ex-dividend date of February 13, 2023.
Shares were up more than 2% after-hours yesterday.
The company reported its Q4 results last month, with both EPS and revenues coming in better than the Street estimates.
A hike at Analog Devices
Analog Devices (NASDAQ:ADI) hiked its dividend by 13.2% to $0.86 per share, or $3.44 annualized, for an annual yield of 1.9%. The dividend will be payable on March 8, 2023, to stockholders of record on February 27, 2023, with an ex-dividend date of February 24, 2023.
The company will report its Q1 earnings results premarket this morning.
Two more hikes and a raised special dividend
Public Service Enterprise (NYSE:PEG) hiked its dividend by 5.6% to $0.57 per share, or $2.28 annualized, for an annual yield of 3.7%. The dividend will be payable on March 31, 2023, to stockholders of record on March 10, 2023, with an ex-dividend date of March 9, 2023.
The company will report its Q4 results on Feb 21 before the market opens.
Exelon Corp (NASDAQ:EXC) hiked its dividend by 6.7% to $0.36 per share, or $1.44 annualized, for an annual yield of 3.5%. The dividend will be payable on March 10, 2023, to stockholders of record on February 27, 2023, with an ex-dividend date of February 24, 2023.
Shares closed more than 2% higher yesterday after the company reported its Q4 results, with better-than-expected revenues and in-line EPS.
Sesen Bio (NASDAQ:SESN) shareholders will get a special dividend of $0.36 per share as part of its merger agreement with Carisma Therapeutics Inc - up $0.02 from the dividend amount cited in the prior agreement.
Shares jumped more than 14% yesterday.
