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6 big dividends: Jackson Financial hikes, Saratoga keeps jumbo yield | Pro Recap

Investing.com
·2 min read

By Davit Kirakosyan

Investing.com -- Here is your daily Pro Recap of the biggest dividend headlines you may have missed on InvestingPro. Start your free 7-day trial to get this news first.

Jackson Financial hikes dividend, increases buyback, but shares down on Q4 revenue miss

Jackson Financial (NYSE:JXN) hiked its dividend by 13% to $0.62 per share, for an annual yield of 5.5%. The dividend is payable on March 23, 2023, to shareholders of record at the close of business on March 14, 2023.

The company also authorized an increase of $450 million to its existing share repurchase authorization, which has $90M remaining as of Feb 22.

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The company reported its Q4 results yesterday, with EPS beating the consensus estimates, while revenues coming in significantly worse than expected.

Shares fell more than 5% pre-market today.

Saratoga Investment hikes payout, maintains 10% yield

Saratoga Investment (NYSE:SAR) hiked its dividend by 1.5% to $0.69 per share, or $2.76 annualized, for an annual yield of 10%. The dividend will be payable on March 30, 2023, to stockholders of record on March 16, 2023, with an ex-dividend date of March 15, 2023.

4 more hikes

Linde (NYSE:LIN) hiked its dividend by 9% to $1.275 per share, or $5.1 annualized, for an annual yield of 1.5%. The dividend will be payable on March 28, 2023, to stockholders of record on March 14, 2023, with an ex-dividend date of March 13, 2023.

Delek US (NYSE:DK) hiked its dividend by 4.8% to $0.22 per share, or $0.88 annualized, for an annualized yield of 3.2%. The dividend will be payable on March 17, 2023, to stockholders of record on March 10, 2023, with an ex-dividend date of March 9, 2023.

RCI Hospitality (NASDAQ:RICK) hiked its dividend by 20% to $0.06 per share, or $0.24 annualized, for an annual yield of 0.3%. The dividend will be payable on March 29, 2023, to stockholders of record on March 15, 2023, with an ex-dividend date of March 14, 2023.

Valmont Industries (NYSE:VMI) hiked its dividend by 9% to $0.60 per share, or $2.40 annualized, for an annual yield of 0.75%. The dividend will be payable on April 14, 2023, to shareholders of record on March 31, 2023. The Company previously increased the dividend by 10% in February 2022.

The company also announced a $400M buyback, which will be effective once the current authorization (approximately $81M remaining as of December 31, 2022) is completed.

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