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Marsh & McLennan Boosts Dividend by 10% to 90 Cents Per Share
ZACKS· 2025-07-10 18:01
Key Takeaways MMC hiked its quarterly dividend by 10% to 90 cents per share, marking 16 consecutive years of growth. MMC repurchased $300 million shares in Q1 2025, with $2 billion still left for buybacks as of March 31, 2025. MMC plans to deploy around $4.5 billion in 2025 via dividends, buybacks and acquisitions.Marsh & McLennan Companies, Inc.’s (MMC) board of directors recently sanctioned a 10% hike in the quarterly dividend in a bid to boost shareholders’ value. MMC will now pay a dividend of 90 cent ...
Citigroup Hits 52-Week High: How to Approach the Stock Now?
ZACKS· 2025-07-08 17:15
Key Takeaways C stock hit a 52-week high after passing the Fed's 2025 stress test and proposing a 7% dividend hike. C approved a $20B buyback plan, restructured operations to cut costs, and exited non-core business. C's NII is rising, with further growth expected as anticipated Fed rate cuts lower funding costs.Citigroup Inc. (C) shares touched a new 52-week high of $88.82 during yesterday's trading session. The stock closed the session a little lower at $87.60.Over the past year, shares of C have risen 3 ...
JPM Announces Dividend Hike & Share Buyback Plan: Sustainable or Not?
ZACKS· 2025-07-02 14:46
Core Insights - JPMorgan announced a plan to increase its quarterly dividend and authorized a new share repurchase program after clearing the annual stress test [2][5] - The bank's projected common equity tier 1 (CET1) ratio stands at 14.2%, significantly above the minimum requirement of 4.5%, indicating strong capital resilience [6][9] Dividend and Share Repurchase - JPMorgan intends to declare a quarterly dividend of $1.50 per share in Q3 2025, reflecting a 7% increase from the previous payout [3][9] - The company has increased its dividend five times over the past five years, with an annualized growth rate of 6.8% [3] - A new share repurchase program of $50 billion has been authorized, replacing the previous $30 billion plan [5][9] Financial Strength - As of March 31, 2025, JPMorgan reported total debt of $471.9 billion, with cash and deposits amounting to $425.9 billion, showcasing a strong balance sheet [7] - The bank's robust capital position and earnings strength support its ability to sustain enhanced capital distributions [7] Peer Comparisons - Other banks, including Bank of America and Goldman Sachs, also announced new capital plans following the stress test, indicating a broader trend in the industry [8][10][11] Market Performance - JPMorgan shares have increased by 21.2% year-to-date, outperforming the S&P 500 Index, which gained 4.8% [12] - The bank trades at a price-to-tangible book (P/TB) ratio of 3.07X, above the industry average [15] Earnings Estimates - The Zacks Consensus Estimate for JPMorgan's 2025 earnings suggests a decline of 6% year-over-year, while 2026 earnings are expected to grow by 5.3% [16]