Category: Blog
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Exxon to combine business units in part of reorg
The U.S. oil company, which posted a record profit in 2022, plans to form three new organizations under which it will wed several smaller units later this year such as its financial-services, procurement and customer-service groups, according to a memo that was sent to employees and viewed by The Wall Street Journal. Reorganizing the business…
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PepsiCo (PEP) hits 51 years of annual payouts. Boosts dividend 10%
“For 2023, we expect to deliver 6 percent organic revenue growth and 8 percent core constant currency earnings per share growth. We also announced a 10 percent increase in our annualized dividend, starting with our June 2023 payment which represents our 51st consecutive annual increase, and plan to repurchase approximately $1.0 billion worth of shares.”…
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Prudential Financial (PRU) announces 4.2% dividend bump
The Company’s Board of Directors has authorized the repurchase of up to $1.0 billion of outstanding Common Stock during the period from January 1, 2023 through December 31, 2023. In addition, the Company declared a quarterly dividend of $1.25 per share of Common Stock, payable on March 16, 2023, to shareholders of record as of…
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3M (MMM) bumps dividend higher by 0.67%
The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company’s common stock of $1.50 per share for the first quarter of 2023. The dividend is payable March 12, 2023, to shareholders of record at the close of business on Feb. 17, 2023. 3M has paid dividends to its shareholders without interruption for more…
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T. Rowe Price (TROW) increases dividend by 1.7%
T. Rowe Price Group (TROW), Inc. , announced today that its Board of Directors has declared a quarterly dividend of $1.22 per share payable March 30, 2023, to stockholders of record as of the close of business on March 15, 2023. The quarterly dividend rate represents a 1.7% increase over the previous quarterly dividend rate of $1.20 per share. This will mark…
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OneMain Financial (OMF) increases dividend by 5.3%
On February 7, 2023, OneMain declared a quarterly dividend of $1.00 per share, payable on February 24, 2023, to record holders of the Company’s common stock as of the close of business on February 17, 2023. During the quarter, the Company repurchased approximately 1.6 million shares of common stock for $57 million. “We feel very…