Dividend Increase

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Parker Increases Quarterly Cash Dividend 10% to $1.80 per Share
Newsfilter· 2025-04-24 21:00
Core Points - Parker Hannifin Corporation announced a quarterly cash dividend of $1.80 per share, marking a 10% increase from the previous dividend of $1.63 per share [1][2] - This dividend will be the 300th consecutive quarterly dividend paid by the company, reflecting its strong financial position and cash flow generation capabilities [1][2] - The company has a record of increasing its annual dividend per share for 69 consecutive fiscal years, placing it among the top five longest-running dividend-increase records in the S&P 500 index [2] Financial Performance - The increase in the dividend is attributed to the company's strong balance sheet and performance, which provides the flexibility to strategically deploy capital for shareholder value [2] - The announcement indicates the Board's confidence in the company's ability to navigate through business cycles while maintaining robust cash flows [2]
NDAQ Beats on Q1 Earnings, Tweaks Expense View, Raises Dividend
ZACKS· 2025-04-24 19:00
Core Viewpoint - Nasdaq reported strong first-quarter 2025 results with adjusted earnings per share of 79 cents, exceeding estimates and showing a year-over-year improvement of 25.4% driven by higher revenues and organic growth [1] Financial Performance - Nasdaq's net revenues reached $1.2 billion, marking a 12.5% increase year over year and slightly surpassing estimates by 0.1% [2] - Annualized Recurring Revenue (ARR) grew by 8% year over year to $2.8 billion, with organic growth at 9% [2] - Annualized SaaS revenues increased by 14%, accounting for 37% of ARR [2] - Capital Access Platforms' revenues were $479 million, up 11%, driven by growth across all business lines [2] - Financial Technology revenues were $395 million, reflecting a 10% increase [3] - Solutions business revenues rose 11% year over year to $947 million, supported by strong growth in Index and Financial Technology [3] - Market Services net revenues increased by 19% year over year to $281 million, exceeding estimates [3] Operating Expenses and Income - Adjusted operating expenses were $555 million, up 5.9% year over year, reflecting higher investments in technology and personnel [4] - Adjusted operating income increased by 15% year over year to $682 million, with an operating margin of 55%, expanding by 200 basis points [4] Market Activity - Nasdaq welcomed 170 new company listings in the quarter, including 63 initial public offerings, bringing the total number of listed companies to 4,139 [5] Financial Position - As of March 31, 2025, Nasdaq had cash and cash equivalents of $708 million, a 17% increase from the end of 2024 [6] - Long-term debt decreased by 1.7% to $8.9 billion [6] - Cash flow from operations for the quarter was $663 million [6] Capital Deployment - Nasdaq returned $138 million to shareholders through dividends and $115 million through stock repurchases in the first quarter [7] - The board approved a dividend of 27 cents per share, a 13% increase, to be paid on June 27, 2025 [7] - $1.6 billion remains under the board-authorized share repurchase program as of March 31, 2025 [8] Guidance - Nasdaq expects 2025 non-GAAP operating expenses to be between $2,265 million and $2,325 million, slightly adjusted from previous guidance [9] - The forecasted non-GAAP tax rate for 2025 is projected to be between 22.5% and 24.5% [9]
Parker to Announce Fiscal 2025 Third Quarter Earnings on May 1; Conference Call and Webcast Scheduled for 11 a.m. Eastern
Newsfilter· 2025-04-22 20:59
Group 1 - Parker Hannifin Corporation will release its fiscal 2025 third quarter earnings on May 1, 2025, before the market opens [1] - A conference call will be held at 11:00 a.m. Eastern time to discuss the earnings results and answer questions from institutional investors and securities analysts [1] - The conference call will be webcast on Parker's investor website and archived for later replay [1] Group 2 - Parker Hannifin is recognized as a Fortune 250 global leader in motion and control technologies [2] - The company has a strong track record of increasing its annual dividend per share for 68 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2]
Otis Announces 8 Percent Increase in Quarterly Dividend to $0.42 per Share
Prnewswire· 2025-04-22 20:15
About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and t ...
Are You Missing Out on These 2 Recent Double-Digit Dividend Increases?
The Motley Fool· 2025-04-01 09:30
Group 1: JPMorgan Chase - JPMorgan Chase recently announced a 12% increase in its quarterly dividend, raising it to $1.40 per share [2][6] - The bank reported a net revenue of $177.6 billion for 2024, reflecting a 12% increase from the previous year, and a record net income of almost $58.5 billion, up 18% [3] - The commercial and investment banking division saw a significant 23% increase in net income, reaching nearly $25 billion, driven by strong financial market conditions [4] Group 2: American Express - American Express declared a 17% increase in its quarterly dividend, bringing it to $0.82 per share [7][11] - The company achieved a net revenue of just under $66 billion for 2024, a 9% increase from 2023, and a net income exceeding $10.1 billion, up 21% [7][8] - American Express added 13 million new cards during the year, setting a company record, and is projecting revenue growth of 8% to 10% for 2025 [9][10]
Applied Materials Increases Quarterly Cash Dividend by 15 Percent and Announces New $10 Billion Share Repurchase Authorization
Globenewswire· 2025-03-10 11:30
Core Insights - Applied Materials, Inc. has announced a 15-percent increase in its quarterly cash dividend, marking eight consecutive years of higher dividends, resulting in a new quarterly dividend of $0.46 per share payable on June 12, 2025 [1] - The Board has also approved a new share repurchase authorization allowing the company to buy back an additional $10 billion of its shares, supplementing the previous authorization which had approximately $7.6 billion remaining at the end of the first quarter of fiscal 2025 [2] - Over the past 10 fiscal years, Applied Materials has distributed nearly 90 percent of its free cash flow to shareholders, indicating strong confidence in the company's business prospects and its ability to distribute excess cash to shareholders in the future [3] Financial Performance - The increase in dividends and the new share repurchase program reflect the company's robust financial health and commitment to returning value to shareholders [3] - The company has a history of significant cash flow distribution, which supports its ongoing dividend and share repurchase initiatives [3] Company Overview - Applied Materials, Inc. is a leader in materials engineering solutions used in the production of new chips and advanced displays globally, with expertise in modifying materials at atomic levels [5]