By Davit Kirakosyan
Investing.com -- Here are 7 big dividend hikes and special dividends that came in since yesterday, all covered in real time on InvestingPro.
Ford Motor (NYSE:F) declared a special dividend of $0.65 per share for an annual yield of 4.5%. The dividend will be payable on March 1, 2023, to stockholders of record on February 13, 2023, with an ex-dividend date of February 10, 2023.
Ford shares plunged more than 5% pre-market today as the company’s Q4 profits fell and it predicted a difficult year ahead. Q4 EPS came in at $0.51, worse than the consensus estimate of $0.62. Revenue was $44 billion, beating the consensus estimate of $41.87B. The company aims to reduce costs and predicts flat to lower pre-tax profits and greatly reduced free cash flow for 2023. The company’s full-year adjusted pretax earnings are estimated at $9-11B.
Invitation Homes Inc (NYSE:INVH) hiked its dividend by 18.2% to $0.26 per share, or $1.04 annualized, for an annual yield of 3.1%. The dividend will be payable on February 28, 2023, to stockholders of record on February 14, 2023, with an ex-dividend date of February 13, 2023.
Quest Diagnostics (NYSE:DGX) hiked its dividend by 7.6% to $0.71 per share or $2.84 annualized. The company has raised its dividend annually since 2011. The dividend will be payable on April 24, 2023 to shareholders of record on April 10, 2023.
Additionally, the company increased its share repurchase authorization by $1B. The company also reported its Q4 results yesterday, with EPS of $1.98 coming in better than the consensus estimate of $1.91. Revenue was $2.33B, beating the consensus estimate of $2.26B. For fiscal 2023, the company expects EPS of $8.40-9.00, compared to the consensus of $8.69, and revenue of $8.83-9.03B, compared to the consensus of $9.13B.
CMS Energy (NYSE:CMS) hiked its dividend by 6% to $0.4875 per share, or $1.95 annualized, for an annual yield of 3.1%. The dividend will be payable on February 28, 2023, to stockholders of record on February 13, 2023, with an ex-dividend date of February 10, 2023.
The company reported its Q4 results yesterday, with revenue of $2.28B coming in better than the consensus of $1.94B. EPS was $0.58, in line with expectations. The company raised its 2023 adjusted EPS guidance to $3.06-$3.12 from $3.05-$3.11 and reaffirmed long-term adjusted EPS growth of 6-8%, with continued confidence toward the high end of the adjusted EPS growth range.
Nathan's Famous (NASDAQ:NATH) hiked its dividend by 11.1% to $0.50 per share, or $2 annualized, for an annual yield of 2.8%. The dividend will be payable on March 3, 2023, to stockholders of record on February 21, 2023, with an ex-dividend date of February 17, 2023.
Shares rose nearly 3% yesterday after the company reported its Q3 results, with revenues coming in at $26.1 million, up 1% year-over-year. Diluted EPS was $0.79, up from $0.52 in the prior-year period.
Iradimed Co. (NASDAQ:IRMD) declared a special dividend of $1.05 per share for an annual yield of 2.8%. The dividend will be payable on February 21, 2023, to stockholders of record on February 13, 2023, with an ex-dividend date of February 10, 2023.
Shares surged more than 12% yesterday on better-than-expected Q4 results, with revenue of $14.9 million and non-GAAP diluted EPS of $0.32.
CME Group (NASDAQ:CME) hiked its dividend by 10% to $1.10 per share, or $4.4 annualized, for an annual yield of 2.5%. The dividend will be payable on March 27, 2023, to stockholders of record on March 10, 2023, with an ex-dividend date of March 9, 2023.
The company will report its Q4 earnings on Feb. 8 before the market opens.
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