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Korn Ferry Board Authorizes Quarterly Dividend Increase for Sixth Consecutive Year
Businesswire· 2026-03-05 18:23
ContactsInvestor Relations: Tiffany Louder, (214) 310-8407 Media: Dan Gugler, (310) 226-2645 Korn Ferry Board Authorizes Quarterly Dividend Increase for Sixth Consecutive Year-# Korn Ferry Board Authorizes Quarterly Dividend Increase for Sixth Consecutive YearShare---Dividend Increases 15% to $0.55 Per ShareLOS ANGELES--(BUSINESS WIRE)--Korn Ferry (NYSE:KFY), a global consulting firm, today announced its Board of Directors has approved a 15% increase in its quarterly cash dividend, raising the quarterly div ...
Piraeus Bank plans to double dividend to 0.80 euros per share by 2030
Reuters· 2026-03-05 08:55
Piraeus Bank plans to double dividend to 0.80 euros per share by 2030 | ReutersSkip to main contentExclusive news, data and analytics for financial market professionalsLearn more aboutRefinitivATHENS, March 5 - Piraeus Bank, Greece's third-largest lender by market value, on Thursday said it expects to double its dividend per share from 0.40 euros ($0.4636) in 2025 to 0.80 euros by 2030."The total increase in shareholder value - tangible book value plus dividends - will increase by 13% annually in the five y ...
Horace Mann increases quarterly dividend to 36c per share
Yahoo Finance· 2026-03-03 13:16
Horace Mann (HMN) approved a 3% increase in the quarterly cash dividend to 36c per share. This represents an indicated annual dividend of $1.44 per share payable on March 31 to shareholders of record as of March 17. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on HMN: Disclaimer & DisclosureReport an Issue ...
Steel Dynamics Raises Dividend 6% on Cash Generation Strength
ZACKS· 2026-02-27 13:50
Core Insights - Steel Dynamics, Inc. (STLD) has approved a 6% increase in its first-quarter 2026 cash dividend, raising it to 53 cents per share compared to the 2025 quarterly rate [1][9] - The dividend will be payable on or about April 10, 2026, to shareholders of record as of March 31, 2026, demonstrating the company's commitment to returning capital to shareholders through dividends and share repurchases [2] Financial Performance - Steel Dynamics ended the fourth quarter with cash and cash equivalents of $769.9 million, reflecting a 31% year-over-year increase [3] - The company generated cash flow from operations of $272.7 million in the reported quarter [3] - In fiscal 2025, STLD returned capital to shareholders through $291 million in dividends and $901 million in share buybacks [3][9] Growth and Strategy - The year-over-year increase in the dividend reflects confidence in Steel Dynamics' financial strength, cash flow generation, and long-term growth prospects in its core steelmaking operations [4] - The company has increased its dividend six times in the past five years, indicating a disciplined capital allocation strategy while investing in capacity expansion and operational improvements [4] Stock Performance - Shares of STLD have risen 42.5% over the past year, compared to the industry's growth of 56.2% [5]
Extendicare Announces 2025 Fourth Quarter and Full Year Results and Dividend Increase
Globenewswire· 2026-02-26 22:00
Core Insights - Extendicare Inc. reported strong financial results for Q4 and the full year 2025, highlighting a 15.3% organic growth in the home health segment and a 5% increase in monthly dividends [3][15][13] Financial Performance - Q4 2025 revenue increased by $70.5 million or 18.0% to $462.0 million, driven by acquisitions and home health care growth [16][31] - Adjusted EBITDA for Q4 2025 rose by $12.2 million or 36.4% to $45.6 million, reflecting strong performance in the home health care segment [9][31] - Net earnings for Q4 2025 increased by $5.7 million or 28.4% to $25.6 million, primarily due to higher Adjusted EBITDA [16][32] Acquisition Strategy - Extendicare announced the acquisition of CBI Home Health for $570 million, expected to close in Q2 2026, which will enhance its service-focused growth strategy [5][6] - The acquisition is anticipated to generate annualized run-rate synergies of approximately $7.4 million, with an implied purchase price multiple of 8.4x CBI Home Health's Adjusted EBITDA after synergies [10][12] Dividend Policy - The company increased its monthly dividend by 5% to 4.41 cents per share, reflecting sustained operating performance and a strong capital structure [3][13] Business Segments - Home health care revenue for Q4 2025 increased by 33.6% to $197.5 million, with average daily volume (ADV) rising by 27.3% [24][25] - Long-term care revenue for Q4 2025 increased by 10.8% to $249.3 million, with NOI margin at 10.3% [21][23] Financial Position - As of December 31, 2025, Extendicare had cash and cash equivalents of $347.9 million, including net proceeds from a $200 million private placement [28][31] - The company secured a $214.5 million upsizing of its senior secured credit facility to support the CBI acquisition [6][29]
Eaton increases quarterly dividend to $1.10 per share
Businesswire· 2026-02-26 18:49
Core Viewpoint - Eaton's Board of Directors declared a quarterly dividend of $1.10 per ordinary share, marking a 6% increase from the previous quarterly dividend [1] Dividend Announcement - The declared dividend is payable on March 27, 2026, to shareholders of record as of the close of business on March 10, 2026 [1] - Eaton has a long-standing history of paying dividends, having done so every year since 1923 [1] Company Profile - Eaton is identified as an intelligent power management company focused on environmental protection and improvement [1]
Chubb Limited Board Will Recommend 33rd Consecutive Annual Dividend Increase to Shareholders at the 2026 Annual General Meeting; Declares Quarterly Dividend
Prnewswire· 2026-02-26 12:20
Core Viewpoint - Chubb Limited's Board of Directors will recommend a quarterly dividend increase for the 33rd consecutive year at the 2026 Annual General Meeting, proposing an annual dividend of $4.08 per share, up from the current $0.97 per share quarterly dividend [1] Dividend Announcement - The proposed dividend will be distributed in four quarterly installments of $1.02 per share, compared to the current quarterly dividend of $0.97 per share [1] - The Board has declared a quarterly dividend of $0.97 per share, payable on April 6, 2026, to shareholders of record by March 13, 2026 [1] Company Overview - Chubb is a leading global insurance provider, operating in 54 countries and territories, offering a wide range of insurance products including commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance [1] - The company is recognized for its extensive product offerings, strong financial position, and global operational capabilities, employing approximately 45,000 people worldwide [1]
Occidental Petroleum Stock Slips Friday: What's Going On?
Benzinga· 2026-02-20 16:55
Core Insights - Occidental Petroleum reported fourth-quarter earnings with adjusted earnings per share of 31 cents, exceeding the consensus estimate of 18 cents [2] - The company achieved total production of 1,481 thousand barrels of oil equivalent per day, surpassing guidance [2] - Occidental's principal debt is now around $15 billion, allowing for an over 8% increase in its quarterly dividend to 26 cents per share [4] Financial Performance - The adjusted earnings per share of 31 cents beat expectations, indicating strong financial performance [2] - Midstream and marketing pre-tax adjusted income also outperformed expectations, contributing to a positive earnings report [2] Market Dynamics - Geopolitical tensions involving Iran have kept crude prices elevated, which typically benefits oil stocks [3] - Reports suggest Kinetik Holdings is considering a sale after interest from Occidental-backed Western Midstream Partners, potentially influencing market sentiment [3] Strategic Focus - Occidental is focusing on debt reduction while doubling down on core oil and gas operations, particularly in the Permian Basin [5] - Berkshire Hathaway remains a significant stakeholder, holding approximately 28% of Occidental [5] Stock Performance - Occidental is trading 12.4% above its 20-day simple moving average and 20% above its 100-day SMA, indicating strong short-term and long-term strength [6] - The stock has decreased by 1.37% over the past 12 months but is closer to its 52-week highs than lows, reflecting a solid recovery trajectory [6] Technical Indicators - The RSI is at 71.58, indicating the stock is in overbought territory, while the MACD shows a bullish signal with a value of 1.3818 [7] - This combination suggests bullish momentum supporting the stock's price action despite being overbought [7] Current Price Action - Occidental Petroleum shares were down 1.57% at $50.72, approaching its 52-week high of $52.58 [8] - Key resistance is identified at $52.50, with key support at $42.00 [8]
Molson Coors Beverage (NYSE:TAP) Shares Gap Down Following Analyst Downgrade
Defense World· 2026-02-20 08:39
Core Viewpoint - Molson Coors Beverage Company is experiencing a decline in stock price following a reduction in price target by Needham & Company, despite a buy rating being maintained on the stock [2][3]. Stock Performance - Molson Coors shares opened at $47.61 after closing at $50.82, with the last traded price at $48.3020 and a trading volume of 1,702,446 shares [2]. - The company has a market capitalization of $9.55 billion, a P/E ratio of -4.45, and a beta of 0.48 [5]. Analyst Ratings and Price Targets - Needham & Company lowered its price target from $54.00 to $52.00 while maintaining a buy rating [2]. - Other analysts have varied opinions: Weiss Ratings reiterated a "sell" rating, Evercore reduced its target from $53.00 to $50.00 with an "outperform" rating, and UBS raised its target from $47.00 to $50.00 with a "neutral" rating [3]. - The average rating for the stock is "Hold" with an average target price of $52.24 [3]. Institutional Activity - Institutional investors own 78.46% of Molson Coors stock, with several hedge funds recently acquiring stakes, including Root Financial Partners and GoalVest Advisory, each investing approximately $25,000 [4]. Financial Performance - In Q4, Molson Coors reported an EPS of $1.21, beating estimates of $1.17, but revenue of $2.66 billion fell short of the $2.71 billion estimate, marking a 2.7% year-over-year decline [7]. - The company’s FY 2026 EPS guidance is set at 4.607-4.823, below the consensus estimate of 5.42, indicating potential challenges ahead [6][7]. Dividend Information - The company announced a quarterly dividend increase to $0.48 per share, yielding approximately 4.0%, with the ex-dividend date set for March 6 [8].
Market Wrap: HSBC Shuffles Retail and Energy Ratings as Air Liquide Posts FY Results
Stock Market News· 2026-02-20 07:08
Air Liquide - Air Liquide reported full-year revenue of €26.94 billion, slightly missing analyst estimates of €27.07 billion [10] - The company achieved recurring operating income of €5.58 billion, just below the anticipated €5.60 billion, with a recurring operating margin of 20.7% [2] - A dividend of €3.70 per share was announced, up from €3.30 the previous year, indicating management's confidence in long-term cash flow stability [3] HSBC - HSBC downgraded Walmart (WMT) from Buy to Hold due to cautious guidance for the 2026 fiscal year, citing tariff uncertainty and moderating inflation as potential headwinds [4] - The bank raised its price target for Merck & Co (MRK) to $135 from $120, highlighting the company's credible oncology strategy and management of patent cliffs [5] - HSBC also increased the price target for Occidental Petroleum (OXY) to $59 from $54, reflecting a positive outlook on the company's operations in the Permian Basin [5] MOL - MOL has been granted preferential access to Hungary's strategic crude oil reserves following the cessation of Russian crude deliveries through the Druzhba pipeline [6] - To address the supply gap, MOL is transitioning to maritime imports via the Adriatic port of Omišalj in Croatia, with the release of approximately 250,000 tons of strategic reserves deemed essential for refinery operations in Hungary and Slovakia [7] APAC Markets - The Hang Seng index experienced a sharp decline after the Lunar New Year holidays, influenced by a negative sentiment from Wall Street and concerns regarding private credit funds [8] - Big tech companies led the decline in Hong Kong, with investors adjusting expectations post-holiday [9] - Market participants are monitoring for potential support measures from Beijing to address ongoing producer deflation and weak consumer sentiment [9]