Investing.com — Here is your Pro Recap of the biggest dividend hikes and share-buyback announcements you may have missed this week.
Looking to build a market-betting portfolio for 2024? Join InvestingPro now and access the AI-powered strategy that outperformed the market by 670% over the last decade.
ONEOK hikes dividend, announces $2 billion buyback plan
ONEOK (NYSE:OKE) hiked its quarterly dividend by 3.7% to $0.99 per share, or $3.96 annualized, for an annual yield of 5.7%.
The dividend will be payable on February 14, 2024, to stockholders of record on January 17, 2024, with an ex-dividend date of January 30, 2024.
Furthermore, the company’s board authorized a $2 billion share repurchase program.
Schlumberger raises dividend by 10%
Schlumberger (NYSE:SLB) hiked its quarterly dividend by 10% to $0.275 per share, or $1.1 annualized, for an annual yield of 2.3%.
The dividend will be payable on April 4, 2024, to stockholders of record on February 7, 2024, with an ex-dividend date of February 6, 2024.
Two more dividend hikes
Valero Energy (NYSE:VLO) hiked its quarterly dividend by 4.9% to $1.07 per share, or $4.28 annualized, for an annual yield of 3.4%.
The dividend will be payable on March 4, 2024, to stockholders of record on February 1, 2024, with an ex-dividend date of January 31, 2024.
Penske Automotive Group (NYSE:PAG) hiked its quarterly dividend by 10.1% to $0.87 per share, or $3.48 annualized, for an annual yield of 2.3%.
The dividend will be payable on March 1, 2024, to stockholders of record on February 15, 2024, with an ex-dividend date of February 14, 2024.
Take your investing game to the next level in 2024 with ProPicks
Institutions and billionaire investors worldwide are already well ahead of the game when it comes to AI-powered investing, extensively using, customizing, and developing it to bulk up their returns and minimize losses.
Now, InvestingPro users can do just the same from the comfort of their own homes with our new flagship AI-powered stock-picking tool: ProPicks.
With our six strategies, including the flagship "Tech Titans," which outperformed the market by a lofty 952% over the last decade, investors have the best selection of stocks in the market at the tip of their fingers every month.
Subscribe here for up to 50% off as part of our year-end sale and never miss a bull market again!
