Yahoo Finance 3 big dividend hikes: Magnolia Oil & Gas, Oshkosh, Shutterstock
By Davit Kirakosyan
Investing.com -- Here are 3 big dividend hikes yesterday, all covered in real time on InvestingPro.
Magnolia Oil & Gas Corp (NYSE:MGY) shares rose nearly 3% yesterday after the company hiked its dividend by 15% to $0.115 per share, or $0.46 annualized, for an annual yield of 2%. The dividend will be payable on March 1, 2023, to stockholders of record on February 10, 2023, with an ex-dividend date of February 9, 2023.
The company’s Q4 earnings are scheduled to be announced on February 14 after the market closes.
Oshkosh (NYSE:OSK) hiked its dividend by 10.8% to $0.41 per share, or $1.64 annualized, for an annual yield of 1.6%. The dividend will be payable on March 2, 2023, to stockholders of record on February 16, 2023, with an ex-dividend date of February 15, 2023.
The company reported its Q4 results yesterday, with EPS of $1.60 coming in worse than the consensus of $1.78. Revenue was $2.2 billion, slightly better than the consensus estimate of $2.18B.
Shutterstock (NYSE:SSTK) shares gained more than 4% yesterday after the company hiked its dividend by 12.5% to $0.27 per share, or $1.08 annualized, for an annual yield of 1.5%. The dividend will be payable on March 16, 2023, to stockholders of record on March 2, 2023, with an ex-dividend date of March 1, 2023.
The company’s Q4 earnings are scheduled to be announced on February 9 before the market opens.
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