By Davit Kirakosyan
Investing.com -- Here are all the biggest recent dividend changes and buyback announcements, all covered in real time on InvestingPro. Sign up to get this news first.
Kinder Morgan (NYSE:KMI) hiked its dividend by 3% to $0.2775 per share, or $1.11 annualized, payable on February 15, 2023, to stockholders of record as of the close of business on January 31, 2023. The company also announced an increase in its share repurchase authorization from $2.0 billion to $3.0 billion.
ONEOK (NYSE:OKE) hiked its dividend by 1.6% to $0.955 per share, or $3.82 annualized, for an annual yield of 5.6%. The dividend will be payable on February 14, 2023, to stockholders of record on January 30, 2023, with an ex-dividend date of January 27, 2023.
Vornado Realty Trust (NYSE:VNO) cut its 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. Shares fell more than 3% pre-market today.
Turning to buybacks, Prosperity Bancshares (NYSE:PB) announced a stock repurchase program under which it may repurchase up to 5%, or approximately 4.6 million shares, of its outstanding common stock over a one-year period expiring on January 17, 2024.
Radian Group (NYSE:RDN) announced a new share repurchase program of $300 million over two years. The company also expects Radian Guaranty Inc., its flagship mortgage insurance subsidiary, to begin paying recurring ordinary dividends to Radian Group with 2023 ordinary dividends projected to be between $300 to $400 million and ordinary dividends in future years expected to approximate Radian Guaranty’s ongoing statutory earnings.
***
If you’re interested in upgrading your search for new investing ideas, check out InvestingPro.