Big Developments in Dividends and Buybacks
AutoZone Announces Share Buyback
AutoZone (NYSE:) has declared that its Board of Directors has approved an additional $2.0 billion for the buyback of the company’s common stock as part of its continuing share repurchase program. Since this program began in 1998, the Board of Directors has now authorized a total of $37.7 billion for stock repurchases.
Rayonier Declares Special Dividend
Rayonier (NYSE:) announced a special dividend of $0.20 per share, with an annual yield of 0.6%. The dividend will be payable on January 12, 2024, to stockholders of record on December 29, 2023, with an ex-dividend date of December 28, 2023.
Dividend Hikes Galore
WEC Energy Group (NYSE:) raised its quarterly dividend by 7.1% to $0.835 per share, or $3.34 annualized, with an annual yield of 4%. The dividend will be payable on March 1, 2024, to stockholders of record on February 14, 2024, with an ex-dividend date of February 13, 2024.
Fulton Financial (NASDAQ:) also lifted its quarterly dividend by 6.3% to $0.17 per share, or $0.68 annualized, with an annual yield of 4.1%. The dividend will be payable on January 12, 2024, to stockholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023.
ServisFirst Bancshares (NYSE:) has also hiked its quarterly dividend by 7.1% to $0.30 per share, or $1.2 annualized, with an annual yield of 1.8%. The dividend will be payable on January 8, 2024, to stockholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023.
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