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Hawkins, Inc. Increases its Quarterly Cash Dividend by 6% to $0.19 Per Share
Globenewswire· 2025-07-30 20:05
Hawkins, Inc. was founded in 1938 and is a leading water treatment and specialty ingredients company that formulates, manufactures, distributes and blends products for its Water Treatment, Food & Health Sciences and Industrial Solutions customers. Headquartered in Roseville, Minnesota, the Company has 64 facilities in 28 states and creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated $974 million of revenue in fi ...
Capital Power announces a 6% dividend increase for its common shares and declares dividends for its Preference shares
GlobeNewswire News Room· 2025-07-29 20:30
EDMONTON, Alberta, July 29, 2025 (GLOBE NEWSWIRE) -- The Board of Directors for Capital Power Corporation (“Capital Power”) (TSX: CPX) declared a dividend of $0.6910 per share on the outstanding common shares for the quarter ending September 30, 2025. The dividend is payable on October 31, 2025 to shareholders of record at the close of business on September 29, 2025. The quarterly dividend of $0.6910 per common share compared to the previous $0.6519 dividend represents a 6% increase, and an annualized divid ...
Capital Power announces a 6% dividend increase for its common shares and declares dividends for its Preference shares
Globenewswire· 2025-07-29 20:30
Core Points - Capital Power Corporation declared a quarterly dividend of $0.6910 per share for the quarter ending September 30, 2025, representing a 6% increase from the previous dividend of $0.6519 [1] - The annualized dividend amounts to $2.764 per common share [1] - The dividends for the common shares and preference shares are 100% eligible dividends under the Income Tax Act, potentially providing enhanced dividend tax credits for Canadian residents [2] Dividend Details - Series 1 Preference Shares (CPX.PR.A) will receive a dividend of $0.1638125, payable on September 29, 2025 [2] - Series 3 Preference Shares (CPX.PR.C) will receive a dividend of $0.4287500, payable on September 29, 2025 [2] - Series 5 Preference Shares (CPX.PR.E) will receive a dividend of $0.4144375, payable on September 29, 2025 [2] Company Overview - Capital Power is a growth-oriented power producer with approximately 12 GW of power generation capacity across 32 facilities in North America [4] - The company focuses on delivering reliable and affordable power while building lower-carbon power systems [4] - Capital Power aims to create balanced solutions for the energy future under the motto "Powering Change by Changing Power" [4]
Corteva Increases Quarterly Dividend for Fifth Consecutive Year
Prnewswire· 2025-07-29 12:08
Core Viewpoint - Corteva, Inc. has announced a common stock dividend of $0.18 per share, marking an annual increase of nearly 6% over the previous quarterly dividend, payable on September 15, 2025 [1][2] Group 1: Dividend Announcement - The dividend of $0.18 per share is authorized by Corteva's Board of Directors and will be paid to shareholders of record on September 2, 2025 [1] - This marks Corteva's fifth dividend increase since its 2019 spin-off, reflecting the company's commitment to returning capital to shareholders [2] Group 2: Company Strategy and Performance - Corteva focuses on margin expansion and sustainable long-term growth through innovation, customer engagement, and disciplined operational execution [2] - The company aims to address pressing agricultural challenges with a balanced mix of seed, crop protection, and digital products and services [4] - Corteva's unique distribution strategy and recognized brands contribute to its market preference and growth potential [4]
Union Pacific's Turnaround Gains Momentum With Stellar Q2 Operations
Benzinga· 2025-07-25 16:18
Core Insights - Union Pacific Corp. is experiencing a significant acceleration in operational and financial performance, driven by productivity gains and a strong earnings beat in the latest quarter [1] - The company has received a Buy rating from Bank of America Securities, with an increased price forecast reflecting confidence in its operational trajectory under CEO Jim Vena [2][3] - Analysts expect a strong earnings recovery, with projected EPS growth from $11.06 in 2024 to $13.20 in 2026, aligning with management's long-term growth targets [4] Financial Performance - In the second quarter, Union Pacific reported $6.15 billion in revenue, a 2% year-over-year increase, supported by 4% volume growth and strong core pricing [6] - Adjusted operating income rose 5% to $2.53 billion, with key efficiency metrics showing improvements: freight car velocity up 10%, locomotive productivity up 5%, and workforce productivity up 9% [6] - The board approved a 3% increase in the quarterly dividend to $1.38 per share, reaffirming full-year guidance towards the high end of long-term growth outlook [7] Analyst Ratings and Price Targets - Wells Fargo analyst maintained an Overweight rating and raised the price target from $250 to $260, while Evercore ISI slightly trimmed its price target from $244 to $238 [8] - Jefferies analyst upgraded the stock from Hold to Buy, significantly increasing the price target from $250 to $285 [8] Market Dynamics - The proposed merger talks with Norfolk Southern are seen as strategically aligned with U.S. infrastructure modernization efforts, despite potential dilution risks [5] - Union Pacific is expected to maintain healthy leverage between 2.7x and 3.0x, continue its share repurchase program, and reaccelerate top-line growth [5]
Home Federal Bancorp, Inc. of Louisiana Increases Quarterly Cash Dividend for 12th Consecutive Year
Globenewswire· 2025-07-23 20:30
Core Points - Home Federal Bancorp, Inc. of Louisiana declared a quarterly cash dividend of $0.135 per share, payable on August 18, 2025, to shareholders of record as of August 4, 2025 [1] - This marks the twelfth consecutive annual increase in the dividend rate and the 81st consecutive quarterly cash dividend, demonstrating the company's commitment to shareholder value and confidence in its financial strength [2] - The dividend increase reflects a payout ratio of approximately 49.5% based on earnings for the trailing four fiscal quarters ended March 31, 2025 [2] Company Overview - Home Federal Bancorp, Inc. is the holding company for Home Federal Bank, which operates ten full-service banking offices in northwest Louisiana [2]
PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND
Prnewswire· 2025-07-23 20:03
Group 1 - Penske Automotive Group, Inc. announced a quarterly dividend increase of 4.8% to $1.32 per share, marking the 19th consecutive quarterly increase [1][2] - The dividend is payable on September 3, 2025, to shareholders of record as of August 15, 2025 [1] - The increase reflects the company's strong balance sheet and cash flow, as stated by President Robert H. Kurnick, Jr. [2] Group 2 - Penske Automotive Group operates internationally, with dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia [2] - The company is one of the largest retailers of commercial trucks in North America and employs over 28,700 people worldwide [2] - Penske Automotive owns 28.9% of Penske Transportation Solutions, which manages a large trucking fleet and provides transportation and supply chain solutions [2]
MATSON INCREASES QUARTERLY DIVIDEND TO $0.36 PER SHARE
Prnewswire· 2025-06-26 20:10
Company Overview - Matson, Inc. is a leading provider of ocean transportation and logistics services, founded in 1882 [3] - The company offers vital ocean freight transportation services to Hawaii, Alaska, Guam, and other Micronesian islands, as well as expedited services from China to Long Beach, California [3] - Matson's fleet includes containerships, combination container and roll-on/roll-off ships, and barges, with logistics services extending throughout North America and Asia [3] Dividend Announcement - The Board of Directors has declared a third quarter dividend of $0.36 per common share, marking a 5.9% increase from the previous quarter [1] - This increase represents the thirteenth consecutive annual increase to Matson's quarterly dividend, reflecting the strength of the business and confidence in long-term free cash flow growth [2] Capital Allocation Strategy - The company emphasizes a disciplined approach to capital allocation, committing to return excess capital to shareholders through share repurchases after funding dividends and supporting operations [2] - Matson aims to maintain an investment-grade balance sheet while investing in growth opportunities [2]
Kroger's Board of Directors Raises Quarterly Dividend by 9%
Prnewswire· 2025-06-26 12:30
Core Viewpoint - The Kroger Co. has announced a dividend increase from $1.28 to $1.40 per year, reflecting the company's strong operating performance and commitment to shareholder value [1][3]. Dividend Growth - The quarterly dividend has experienced a compounded annual growth rate of 13% since its reinstatement in 2006, marking the 19th consecutive year of dividend increases [2]. Capital Allocation Strategy - Kroger's capital allocation strategy focuses on utilizing free cash flow to invest in business growth while maintaining an investment-grade debt rating and returning capital to shareholders [4]. Company Overview - Kroger operates with nearly 410,000 associates serving over 11 million customers daily through various eCommerce and store experiences, aiming to create ZeroHungerZeroWaste communities [5].
Will Strong Dividend-Increase Trends Continue Amid Macro Uncertainty?
See It Market· 2025-06-24 22:06
Core Insights - The second quarter of 2025 saw 30% of companies tracked by Wall Street Horizon announcing shareholder-payout increases, marking the best Q2 performance since 2021, while only 9% of companies cut their dividends, the lowest rate in three years [1][5]. Dividend Trends - The healthy dividend-hike rate in Q2 indicates strong corporate performance despite macroeconomic uncertainties, suggesting a positive outlook for the remainder of 2025 [2][5]. - Companies are continuing to generate profits, repurchase shares, and increase dividends, which signals a bullish sentiment among corporate leaders [3][5]. Price Adjustments - Investment teams need to adjust stock prices to reflect increased dividend payouts accurately, with North America recording 17,509 price adjustments in the first half of 2025, on track to surpass the previous year's record [4][6]. Company-Specific Developments - Caterpillar announced a 7% dividend increase, raising its quarterly distribution to $1.51, despite facing challenges such as potential higher tariffs [8]. - UnitedHealth Group increased its quarterly dividend by 5.2% to $2.21, providing some relief to shareholders amid significant stock price declines and operational challenges [15]. Market Outlook - The macroeconomic landscape remains uncertain with ongoing geopolitical tensions and domestic economic concerns, yet the high percentage of companies increasing dividends suggests underlying corporate optimism [19].