The 8 Greatest Dividends Hikes This Week

Listed here are the week’s hottest dividend hikes and buybacks from this previous week, first coated on InvestingPro+, as corporations go above and past to return money to shareholders.

Dividend Hikes

McDonald’s (NYSE:) raised its quarterly dividend by an eye-popping 10.1% to $1.52 per share, for an annual yield of two.5%, or $6.08. The dividend might be payable on December 15, 2022, to stockholders of report on December 1, 2022, with an ex-dividend date of November 30, 2022. Shares rose 4.2% for the week.

El Pollo Loco Holdings Inc (NASDAQ:) declared a particular dividend of $1.50 per share on the widespread inventory – in addition to a brand new $20 million share-repurchase program. Shares spiked 20.4% for the week.

Industrial Metals Firm (NYSE:) raised its quarterly dividend by 14.3% to $0.16 per share, for an annual yield of 1.6%, or $0.64. The dividend might be payable on November 10, 2022, to stockholders of report on October 27, 2022, with an ex-dividend date of October 26, 2022. Shares climbed 5.5% for the week.

Tanger Manufacturing unit (NYSE:) Outlet Heart raised its annual dividend by 10% to $0.22 per share, for an annual yield of 1.5%. The dividend might be payable on November 15, 2022, to stockholders of report on October 31, 2022, with an ex-dividend date of October 28, 2022. Shares have been up 9.9% for the week.

Smith AO Company (NYSE:) raised its quarterly dividend by 7.1% to $0.30 per share, for an annual yield of two.4%, or $1.20. The dividend might be payable on November 15, 2022, to stockholders of report on October 31, 2022, with an ex-dividend date of October 28, 2022. Nonetheless, shares slid 1.7% for the week.

MSC Industrial (NYSE:) raised its quarterly dividend by 5.3% to $0.79 per share, for an annual yield of 4.2%, or $3.16. The dividend might be payable on November 29, 2022, to stockholders of report on November 15, 2022, with an ex-dividend date of November 14, 2022. Shares added 1.5% for the week.

Thor Industries (NYSE:) raised its quarterly dividend by 4.7% to $0.45 per share, for an annual yield of two.3%, or $1.80. The dividend might be payable on November 9, 2022, to stockholders of report on October 26, 2022, with an ex-dividend date of October 25, 2022. Shares jumped 7.7% for the week.

Avient Corp (NYSE:) raised its quarterly dividend by 4.2% to $0.2475, for an annual yield of three.2%, or $0.99. The dividend might be payable on January 6, 2023, to stockholders of report on December 16, 2022, with an ex-dividend date of December 15, 2022. Nonetheless, shares misplaced 1.9% for the week.

Buybacks

Earthstone Power (NYSE:), Inc. introduced it had bought 3,000,000 shares of its Class A Frequent Inventory for a complete worth of roughly $44 million from sure associates of Warburg Pincus, LLC.

FICO (NYSE:) accepted a inventory repurchase program of as much as $500 million of its excellent widespread inventory, following the completion of the corporate’s earlier inventory repurchase program, which was in impact from January 2022 via October 2022.

Medical Properties (NYSE:) Belief, Inc. licensed the repurchase of as much as $500 million of MPT’s excellent widespread inventory earlier than October 2023.