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In case you missed it, 4 big dividends: UPS, NXP

Published 01/31/2023, 06:30 AM
Updated 01/31/2023, 06:32 AM
© Reuters.

By Davit Kirakosyan

Investing.com -- In case you missed them, here are 4 big recent dividend hikes and special dividends, all covered in real time on InvestingPro.

United Parcel Service Inc (NYSE:UPS) hiked its quarterly dividend by 6.6% to $1.62 per share, or $6.48 annualized. The dividend will be payable on March 10, 2023, to stockholders of record on February 21, 2023, with an ex-dividend date of February 17, 2023. The annual yield on the dividend is 3.7 percent.

The company also approved a new $5 billion share repurchase authorization, replacing the company’s existing authorization.

NXP Semiconductors (NASDAQ:NXPI) hiked its dividend by 20% to $1.014 per share, or $4.056 annualized, for an annual yield of 2.3%. The dividend will be payable on April 5, 2023, to stockholders of record on March 15, 2023, with an ex-dividend date of March 14, 2023.

Shares fell more than 3% pre-market today as the company posted a Q4 EPS miss and guided modestly below expectations. Q4 EPS was $2.76, missing the consensus estimate of $3.64. Revenue came in at $3.31 billion, compared to the consensus estimate of $3.3B. The company expects Q1/23 EPS in the range of $2.82-$3.22, compared to the consensus of $3.09, while revenue is expected in the range of $2.9-3.1B, compared to the consensus of $3.17B.

Woodward (NASDAQ:WWD) hiked its dividend by 15.8% $0.22 per share, or $0.88 annualized, for an annual yield of 0.8%. The dividend will be payable on March 7, 2023, to stockholders of record on February 21, 2023, with an ex-dividend date of February 17, 2023.

The company also reported its Q1 results yesterday, with revenue of $619.62 million beating the consensus estimate of $599 million, while EPS of $0.56 came in worse than the consensus of $0.63.

Weyerhaeuser (NYSE:WY) declared a special dividend of $0.90 per share, for an annual yield of 2.7%. The dividend will be payable on February 27, 2023, to stockholders of record on February 15, 2023, with an ex-dividend date of February 14, 2023.

The company reported its Q4 results last week as well, with EPS of $0.24 coming in better than the consensus estimate of $0.18, while revenue of $1.82B missing the consensus estimate of $1.93B.

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