© Reuters.
By Davit Kirakosyan
Investing.com -- Here are the biggest fresh dividend hikes and initiations, as first covered on InvestingPro.
Halliburton (NYSE:) hiked its dividend by 33.3% to $0.16 per share, or $0.64 annualized, for an annual yield of 1.6%. The dividend will be payable on March 29, 2023, to stockholders of record on March 1, 2023, with an ex-dividend date of February 28, 2023.
The company also reported its Q4 results on Tuesday, with of $0.72 coming in better than the consensus estimate of $0.67. Revenue was $5.58 billion, in line with expectations.
Archer Daniels Midland (NYSE:) hiked its dividend by 12.5% to $0.45 per share, or $1.8 annualized, for an annual yield of 2.1%. The dividend will be payable on March 2, 2023, to stockholders of record on February 9, 2023, with an ex-dividend date of February 8, 2023.
The company reported its Q4 on Thursday, with EPS/revenue coming in better than the Street estimates, highlighting its resilience against higher energy costs and supply chain disruptions, such as reduced Black Sea grain exports due to Russia's invasion of Ukraine. The company expects another “very strong year” looking forward to 2023.
Nexstar Media (NASDAQ:) shares gained more than 4% on Friday after the company hiked its dividend by 50% to $1.35 per share, or $5.4 annualized, for an annual yield of 2.8%. The dividend will be payable on February 24, 2023, to stockholders of record on February 10, 2023, with an ex-dividend date of February 9, 2023.
Charles Schwab (NYSE:) hiked its dividend by 13.6% to $0.25 per share, or $1 annualized, for an annual yield of 1.3%. The dividend will be payable on February 24, 2023, to stockholders of record on February 10, 2023, with an ex-dividend date of February 9, 2023.
United Rentals (NYSE:) declared a quarterly dividend of $1.48 per share, or $5.92 annualized, for an annual yield of 1.5%. The dividend will be payable on February 22, 2023, to stockholders of record on February 8, 2023, with an ex-dividend date of February 7, 2023.
The company also announced its intention to restart its paused buyback program in Q1/23 and buy back $1B worth of common shares throughout the year. The company shares gained nearly 10% on Thursday after the company reported better-than-expected Q4 and provided strong fiscal 2023 guidance.
Comcast (NASDAQ:) hiked its dividend by 7.4% to $0.29 per share, or $1.16 annualized, for an annual yield of 2.9%. The dividend will be payable on April 26, 2023, to stockholders of record on April 5, 2023, with an ex-dividend date of April 4, 2023.
Comcast reported better-than-expected Q4 due to steady attendance at its theme parks and slight growth in broadband subscribers outside areas affected by Hurricane Ian.
Norfolk Southern (NYSE:) hiked its dividend by 8.9% to $1.35 per share, or $5.4 annualized, for an annual yield of 2.1%. The dividend will be payable on February 21, 2023, to stockholders of record on February 3, 2023, with an ex-dividend date of February 2, 2023.
Shares plunged more than 5% on Wednesday after the company reported a Q4 miss due to higher operating expenses.
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