Yahoo Finance 5 big dividend moves weekly: Schlumberger hikes by 43%
By Davit Kirakosyan
Investing.com -- Here are the 5 biggest dividend moves this past week, as covered in real time on InvestingPro. Sign up to get this news first.
Schlumberger (NYSE:SLB) raised its quarterly dividend by 42.9% to $0.25 per share, or $1 annualized, for an annual yield of 1.7%. Schlumberger’s dividend will be payable on April 6, 2023, to stockholders of record on February 8, 2023, with an ex-dividend date of February 7, 2023.
Despite the dividend hike and better-than-expected Q4 results, after which Benchmark initiated coverage on the company with a Buy rating, the stock closed slightly lower on Friday.
Vornado Realty Trust (NYSE:VNO) shares plunged nearly 4% on Thursday after the company cut its quarterly dividend by 29.2% to $0.375 per share, or $1.5 annualized, for an annual yield of 6.5%. The dividend will be payable on February 10, 2023, to stockholders of record on January 18, 2023, with an ex-dividend date of January 17, 2023.
Heartland Financial (NASDAQ:HTLF) shares closed more than 2% higher on Friday after the company hiked its quarterly dividend by 7.1% to $0.30 per share, or $1.2 annualized, for an annual yield of 2.6%. The dividend will be payable on February 28, 2023, to stockholders of record on February 10, 2023, with an ex-dividend date of February 9, 2023.
Banner (NASDAQ:BANR) shares surged more than 5% on Friday after the company hiked its quarterly dividend by 9.1% to $0.48 per share, or $1.92 annualized, for an annual yield of 3.1%. The dividend will be payable on February 13, 2023, to stockholders of record on February 2, 2023, with an ex-dividend date of February 1, 2023.
The company also reported a Q4 revenue beat, while EPS came in slightly lower than expected.
WEC Energy Group (NYSE:WEC) hiked its quarterly dividend by 7.2% to $0.78 per share, or $3.12 annualized, for an annual yield of 3.4%. The dividend will be payable on March 1, 2023, to stockholders of record on February 14, 2023, with an ex-dividend date of February 13, 2023.
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5 big dividend moves weekly: Schlumberger hikes by 43%
