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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

Caterpillar sinks 7% after earnings, management sees weakness in Europe, Asia-Pacific

5 big dividends: Tanger Outlets, Procter & Gamble | Pro Recap

Investing.com
Updated ·2 min read

By Davit Kirakosyan

Investing.com -- Here is your Pro Recap of the biggest dividend hikes and special dividends you may have missed this week.

Tanger Factory Outlet Centers hikes dividend by 11.4%

Tanger Factory Outlet Centers (NYSE:SKT) hiked its dividend by 11.4% to $0.245 per share, or $0.98 annualized, for an annual yield of 5%. The dividend will be payable on May 15, 2023, to stockholders of record on April 28, 2023, with an ex-dividend date of April 27, 2023.

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Last month, Goldman Sachs resumed coverage on the company with a Buy rating and a price target of $22.00.

Procter & Gamble raises dividend ahead of earnings next week

Procter & Gamble (NYSE:PG) hiked its dividend by 3% to $0.9407 per share, or $3.7628 annualized, for an annual yield of 2.5%. The dividend will be payable on May 15, 2023, to stockholders of record on April 21, 2023, with an ex-dividend date of April 20, 2023.

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The company will report its Q3/23 earnings results on April 21. Consensus estimates stand at $1.32 for EPS and $19.25 billion for revenues.

CSW Industrials gains on a dividend hike

CSW Industrials (NASDAQ:CSWI) shares rose nearly 2% on Friday after the company hiked its dividend by 11.8% to $0.19 per share, or $0.76 annualized, for an annual yield of 0.6%. The dividend will be payable on May 12, 2023, to stockholders of record on April 28, 2023, with an ex-dividend date of April 27, 2023.

Shares closed more than 4% higher for the week.

Flexible Solutions International announces special dividend

Flexible Solutions International (NYSE:FSI) declared a special dividend of $0.05 per share, for an annual yield of 1.5%. The dividend will be payable on May 16, 2023, to stockholders of record on April 28, 2023, with an ex-dividend date of April 27, 2023.

Aon raised dividends by nearly 10%

Aon (NYSE:AON) hiked its dividend by 9.8% to $0.615 per share, or $2.46 annualized, for an annual yield of 0.8%. The dividend will be payable on May 15, 2023, to stockholders of record on May 1, 2023, with an ex-dividend date of April 28, 2023.

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