Investing
4 big dividends this week: ONEOK hikes dividend, approves $2B buyback plan
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Investing.com — Here is your Pro Recap of the biggest dividend hikes and share-buyback announcements you may have missed this week.
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ONEOK hikes dividend, announces $2 billion buyback plan
ONEOK (NYSE:) 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:) 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:) 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:) 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.
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