Author: Kevin Bae
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Regulators approve acquisition of South Jersey Industries (SJI)
I’ll need to find a replacement for this safe dividend paying company. The deal is set to close on February 1, 2023. I’m looking at Dominion Energy (D) right now. They have been in business for 120 years and are paying a yield of 4.3%. Their dividend cut in 2020, which ended their 90+ year…
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Chevron (CVX) raises dividend 6.3% & announces $75 billion buyback program
The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and fifty-one cents ($1.51) per share, an increase of nine cents ($0.09) per share or approximately 6 percent. The dividend is payable March 10, 2023, to all holders of common stock as shown on the transfer records of…
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Kimberly Clark (KMB) Raises Dividend 1.7%
KMB reported fourth-quarter 2022 results, wherein the bottom line beat the Zacks Consensus Estimate and increased year over year. The company is benefiting from its growth strategy, including investments in solid brands and commercial capacities. The company’s revenue growth management efforts also helped it battle inflationary headwinds. Adjusted earnings came in at $1.54 per share,…
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Con Ed (ED) raises dividend 2.5%
Con Edison (ED) announced its next dividend of $0.81/share, marking their 49th consecutive annual increase. Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 81 cents a share on its common stock, payable March 15, 2023 to stockholders of record as of February 15, 2023, an annualized increase of 8 cents over the previous annualized dividend of $3.16 a share. “The 49th…
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Fastenal (FAST) Increases Dividend by 13%
Fastenal announced its 25th consecutive double-digit annualized dividend. They’ve done this for over two decades. Fastenal Company reported its board of directors declared a dividend of $0.35 per share to be paid in cash on March 2, 2023 to shareholders of record at the close of business on February 2, 2023. Except for share and…
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ONEOK (OKE) Raises Dividend by 2.1%
ONEOK raised its dividend for the first time in three years and continues its thirty year uninterrupted dividend streak. The board of directors of ONEOK, Inc. (NYSE: OKE) today increased ONEOK’s quarterly dividend to 95.5 cents per share, an increase of 2%. This increase results in an annualized dividend of $3.82 per share. The dividend is payable Feb. 14, 2023,…