Author: Kevin Bae
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Capital Southwest (CSWC) increases dividend 1.9%
Capital Southwest (NASDAQ:CSWC) just reported double beats on its fiscal 2023 third quarter earnings with a quarterly per share cash dividend payout of $0.53 declared. This was a 1.9% increase from the prior payout for a yield of 10.7%. Against a 14% year-to-date increase of its commons, the business development company (“BDC”) has now maintained…
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Exxon (XOM) records highest annual profit ever
The largest U.S. oil company turned in record annual earnings of $55.7 billion for 2022 in its quarterly earnings Tuesday, outpacing big banks, tech giants and vaccine makers. Among companies that have reported fourth-quarter earnings, only Apple Inc. AAPL 0.28%increase; green up pointing triangle and Microsoft Corp. MSFT 1.30%increase; green up pointing triangle have surpassed…
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Judge rejects J&J attempt to push talc lawsuits to bankruptcy court
Johnson & Johnson (JNJ) plans to challenge the ruling issued today. The Third U.S. Circuit Court of Appeals on Monday dismissed the chapter 11 case of J&J subsidiary LTL Management LLC, which the consumer-health-goods giant created in 2021 to move to bankruptcy court the mass lawsuits alleging its talc-based baby powder products caused cancer. The…
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Air Products (APD) increases dividend by 8% marking 41 year streak
The Board of Directors of Air Products (APD) has increased the quarterly dividend on the Company’s common stock by 13 cents per share—from $1.62 to $1.75 per share—representing an eight percent increase. This marks the 41st consecutive year that Air Products has increased its dividend payment. The dividend is payable on May 8, 2023 to…
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Archer-Daniels-Midland boosts dividend 13% in strong quarter
ADM delivered another very strong quarter to complete an outstanding year, and the strategic work we have done throughout 2022 has positioned us well for 2023 and beyond,” said Chairman and CEO Juan Luciano. For the full year, we delivered adjusted EPS of $7.85, adjusted segment operating profit of $6.6 billion, and trailing four-quarter average…
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Chevron records $35.5 billion profit, its highest ever
The U.S. oil company in its quarterly earnings reported Friday that it collected $35.5 billion in its highest-ever annual profit in 2022, more than double the prior year and about one-third higher than its previous record in 2011. Almost $50 billion in cash streamed in from its oil-leveraged operations, another record underpinning plans to pay…