Weekly Recap: Top Dividend Hikes and Share Buyback Announcements

Summary

  • Significant dividend raises and share buyback announcements from prominent companies.
  • Advice on creating a successful market betting portfolio for 2024.
  • ONEOK increases dividend and announces a $2 billion share buyback scheme.
  • Schlumberger and two other companies also increase their dividend.
  • Optimizing returns and minimizing losses using AI investing.

Investing.com — Your Pro Recap for the week consists of the major dividend increases and share buyback updates that may have slipped past you.

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ONEOK Dividend Increase and Buyback Plan

ONEOK (NYSE:) escalated its quarterly dividend by 3.7% to $0.99 per share, or $3.96 annually, for an annual yield of 5.7%.

This dividend will be payable on February 14, 2024, to stockholders of record on January 17, 2024, with an ex-dividend date of January 30, 2024.

Moreover, the company board gave its nod for a $2 billion share repurchase programme.

Schlumberger Dividend Raise

Schlumberger (NYSE:) has bumped up its quarterly dividend by 10% to $0.275 per share, or $1.1 annually, with an annual yield of 2.3%.

This dividend will be payable on April 4, 2024, to stockholders of record on February 7, 2024, with an ex-dividend date of February 6, 2024.

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Additional Dividend Raises

Valero Energy (NYSE:) has grown its quarterly dividend by 4.9% to $1.07 per share, or $4.28 annually, leading to an annual yield of 3.4%.

Penske Automotive Group (NYSE:) has raised its quarterly dividend by 10.1% to $0.87 per share, or $3.48 annually, offering an annual yield of 2.3%.

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These financial updates might influence forex markets and trading assets, potentially greatly impacting investments depending on the market’s reactions to these earnings news.

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