5 Big Dividends and Stock Buybacks This Week: AutoZone, Rayonier By Investing.com
© Reuters
Investing.com — A pro roundup of the biggest dividend hikes, special dividends and buyback announcements you may have missed this week.
Are you looking to build your 2024 market betting portfolio? Join InvestingPro today and get access to AI-powered strategies that have outperformed the market 670% over the past 10 years.
AutoZone announces $2 billion in new stock buybacks
AutoZone (NYSE:) announced that its Board of Directors has approved an additional $2 billion to repurchase shares of the company’s common stock as part of its ongoing stock repurchase program.
Since the program began in 1998, the Board of Directors has now approved share repurchases totaling $37.7 billion.
Rayonier declares special dividend
Rayonier (NYSE:) declared a special dividend of $0.20 per share, with an annualized yield of 0.6%.
The dividend will be paid on January 12, 2024, to shareholders of record on December 29, 2023, with an ex-dividend date of December 28, 2023.
three dividend increases
WEC Energy Group (NYSE:) raised its quarterly dividend by 7.1% to $0.835 per share, or $3.34 per share, for an annualized return of 4%. The dividend will be paid on March 1, 2024 to shareholders of record on February 14, 2024, with an ex-dividend date of February 13, 2024.
Fulton Financial (NASDAQ:) raised its quarterly dividend by 6.3% to $0.17 per share, or $0.68 annually, for an annualized return of 4.1%. The dividend will be paid on January 12, 2024 to shareholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023.
ServisFirst Bancshares (NYSE:) raised its quarterly dividend by 7.1% to $0.30 per share, or $1.2 per share, for an annualized return of 1.8%. The dividend will be paid on January 8, 2024 to shareholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023.
Take your investing game to the next level in 2024 with ProPicks
Institutions and billionaire investors around the world are already far ahead in AI-based investing and are extensively using, customizing and developing AI-based investments to increase profits and minimize losses.
Now InvestingPro users can do the same from the comfort of their own home with ProPicks, our new flagship AI-based stock screening tool.
With six strategies, including the flagship “Tech Titans” that have outperformed the market by 952% over the past decade, investors have the market’s top stock picks at their fingertips each month.
Subscribe here for up to 50% off as part of our year-end sale and never miss the bull market again!
