7 big dividends & buybacks: Costco, J&J hike their payouts

By Davit Kirakosyan

Investing.com — Right here is your Professional Recap of the most important contemporary dividend hikes, particular dividends, and inventory buybacks you might have missed this week.

Costco hikes dividend, shares acquire

Costco Wholesale (NASDAQ:) shares rose almost 2% on Thursday after the corporate hiked its dividend by 13.3% to $1.02 per share, or $4.08 annualized, for an annual yield of 0.8%.

The dividend might be payable on Might 19, 2023, to stockholders of file on Might 5, 2023, with an ex-dividend date of Might 4, 2023.

Final month the corporate reported its , with EPS of $3.30 coming in higher than the consensus of $3.21, whereas income of $54.24 billion missed the consensus estimate of $55.55B.

Shares gained 3% this week.

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Johnson & Johnson hikes dividend, beats Q1 & raises outlook

Johnson & Johnson (NYSE:) hiked its dividend by 5.3% to $1.19 per share, or $4.76 annualized, for an annual yield of two.9%.

The dividend might be payable on June 6, 2023, to stockholders of file on Might 23, 2023, with an ex-dividend date of Might 22, 2023.

The corporate reported its on Tuesday, with each EPS of $2.68 and income of $24.7B beating expectations. Moreover, the corporate raised its 2023 outlook, anticipating EPS of $10.60-$10.70 and income of $97.9-98.9B, each above the consensus estimates.

Shares closed the week with an almost 2% loss.

5 extra dividends & share buybacks

Griffon (NYSE:) declared a particular dividend of $2.00 per share, for an annual yield of 6.3%. The dividend might be payable on Might 19, 2023, to stockholders of file on Might 9, 2023, with an ex-dividend date of Might 8, 2023.

Moreover, the corporate elevated its share repurchase authorization to $258 million from the prior unused authorization of $58M.

Shares fell almost 6% this week.

Capstar Monetary (NASDAQ:) hiked its dividend by 10% to $0.11 per share, or $0.44 annualized, for an annual yield of three%. The dividend might be payable on Might 24, 2023, to stockholders of file on Might 10, 2023, with an ex-dividend date of Might 9, 2023.

Shares dropped greater than 7% on Friday after the corporate reported worse-than-expected .

Worth Line (NASDAQ:) hiked its dividend by 12% to $0.28 per share, or $1.12 annualized, for an annual yield of two.4%. The dividend might be payable on Might 11, 2023, to stockholders of file on Might 1, 2023, with an ex-dividend date of April 28, 2023.

The Vacationers Firms (NYSE:) hiked its dividend by 7.5% to $1.00 per share, or $4 annualized, for an annual yield of two.4%. The dividend might be payable on June 30, 2023, to stockholders of file on June 9, 2023, with an ex-dividend date of June 8, 2023.

Moreover, the corporate licensed a further $5B of share repurchases.

Shares gained greater than 6% this week.

Peabody Vitality (NYSE:) on Monday accepted a brand new frequent inventory repurchase authorization of as much as $1B. Together with this, it accepted a brand new shareholder return framework that additionally features a mounted quarterly money dividend and a variable quarterly money dividend part.

The corporate plans to return to shareholders no less than 65% of its annual Obtainable Free Money Circulate (AFCF) retroactive to January 1, 2023.