Yahoo Finance 4 big dividend moves: CorEnergy halts payout
By Davit Kirakosyan
Investing.com -- Here are some of the biggest dividend headlines that you may have missed on InvestingPro since yesterday. Sign up for real-time dividend coverage.
CorEnergy's dividend halt
CorEnergy Infrastructure (NYSE:CORR) shares plunged more than 12% yesterday after the company announced it will suspend dividend payments on its 7.375% Series A cumulative redeemable preferred stock and its common stock due to a combination of declining volumes and increased costs in its California systems.
The company will report its Q4 earnings on March 1 before the market opens.
A trio of dividend hikes
Northern Oil And Gas (NYSE:NOG) hiked its dividend by 13.3% to $0.34 per share, or $1.36 annualized, for an annual yield of 4.4%. The dividend will be payable on April 28, 2023, to stockholders of record on March 30, 2023, with an ex-dividend date of March 29, 2023.
Last month, BofA Securities upgraded the stock to Buy from Neutral with a price target of $38.00.
The company will report its Q4 earnings on Feb 23 after the market closes.
Independent Bank (NASDAQ:INDB) hiked its dividend by 4.5% to $0.23 per share, or $0.92 annualized, for an annual yield of 4%. The dividend will be payable on February 24, 2023, to stockholders of record on February 16, 2023, with an ex-dividend date of February 15, 2023.
FirstService (NASDAQ:FSV) hiked its dividend by 9.8% to $0.225 per share, or $0.9 annualized, for an annual yield of 0.6%. The dividend will be payable on April 11, 2023, to stockholders of record on March 31, 2023, with an ex-dividend date of March 30, 2023.
The company will report its Q4 earnings today before the market opens. Shares were down nearly 5% after-hours yesterday.
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