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4 big dividends: Hawkins, Dorian

Investing.com
·2-min read

By Davit Kirakosyan

Investing.com -- Here are 4 recent big dividend hikes and special dividends, all covered in real time on InvestingPro.

Hawkins (NASDAQ:HWKN) hiked its dividend by 7.1% to $0.15 per share, or $0.6 annualized, for an annual yield of 1.5%. The dividend will be payable on March 3, 2023, to stockholders of record on February 17, 2023, with an ex-dividend date of February 16, 2023.

The company reported its Q3 results yesterday, with EPS of $0.51 coming in better than the consensus estimate of $0.50. Revenue was $219.2 million, beating the consensus estimate of $205.87M.

Standard Motor Products (NYSE:SMP) hiked its dividend by 7.4% to $0.29 per share, or $1.16 annualized, for an annual yield of 2.9%. The dividend will be payable on March 1, 2023, to stockholders of record on February 15, 2023, with an ex-dividend date of February 14, 2023.

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The company’s Q4 earnings are scheduled to be announced on Feb 21 before the market opens.

CSG Systems International Inc (NASDAQ:CSGS) hiked its dividend by 5.7% to $0.28 per share, or $1.12 annualized, for an annual yield of 1.8%. The dividend will be payable on March 30, 2023, to stockholders of record on March 17, 2023, with an ex-dividend date of March 16, 2023.

CSG Systems reported its Q4 results yesterday, with EPS of $0.84 coming in worse than the consensus of $0.89, while revenue of $289.9M beat the consensus estimate of $269.47M.

Dorian LPG (NYSE:LPG) declared a special dividend of $1.00 per share for an annual yield of 5%. The dividend will be payable on February 28, 2023, to stockholders of record on February 15, 2023, with an ex-dividend date of February 14, 2023.

Shares surged more than 11% yesterday after the company reported its Q3 results, with EPS of $1.29 beating the consensus estimate of $0.89. Revenue was $103.32M, better than the consensus estimate of $97.64M.

Following the report, Evercore ISI raised the price target on the company to $25.00 from $20.00 while maintaining its In-Line rating.

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