Several prominent companies announced their fourth-quarter dividends on Friday. Prosperity Bancshares (NYSE:PB), Pinnacle West, Brown & Brown (NYSE:BRO), Coca-Cola (NYSE:KO), and Bank of America all declared dividends payable to shareholders on record by specific dates in November and December 2023.
Prosperity Bancshares' Board declared a Q4 2023 dividend of $0.56 per share, marking a $0.01 per share increase from the previous payout. The dividend is payable on January 2, 2024, to shareholders on record as of December 15, 2023.
Pinnacle West raised its annual dividend by 6 cents to $3.52 per share. The dividend will be payable on December 1, 2023, to shareholders on record by November 1, 2023.
Brown & Brown's board declared a regular quarterly cash dividend of $0.13 per share, indicating their 30th consecutive annual dividend increase. This will be payable on November 15, 2023, to shareholders of record by November 1.
Coca-Cola declared a regular quarterly dividend of 46 cents per share. This is payable on December 15 to shareholders on record by December 1.
Finally, Bank of America declared a dividend of $0.24 per share, payable on December 29, 2023, to shareholders on record by December 1, 2023.
These announcements come as part of the companies' efforts to return capital to shareholders in the form of dividends. The declarations also provide insights into these companies' financial health and stability as they navigate through the economic landscape in Q4 2023.
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