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6 big dividends: Home Depot, Walmart | Pro Recap

Investing.com
·2-min read

By Davit Kirakosyan

Investing.com -- Here is your daily Pro Recap of the biggest dividend headlines you may have missed on InvestingPro. Start your free 7-day trial to get this news first.

Home Depot raises dividend by 10%, shares plunge on Q4 miss

Home Depot (NYSE:HD) hiked its dividend by 10% to $2.09 per share, or $8.36 annualized, for an annual yield of 2.6%. The dividend will be payable on March 23, 2023, to stockholders of record on March 9, 2023, with an ex-dividend date of March 8, 2023.

Shares plunged more than 7% yesterday after the company reported a Q4 revenue and comparable sales miss and provided light guidance.

Walmart increases dividend, beats on Q4 results, but guidance misses

Walmart (NYSE:WMT) hiked its dividend by 1.8% to $0.57 per share, or $2.28 annualized, for an annual yield of 1.6%. The dividend will be payable on April 3, 2023, to stockholders of record on March 17, 2023, with an ex-dividend date of March 16, 2023.

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The company reported its Q4 results yesterday, with both EPS and revenues coming in better than expected, but guidance missed the Street estimates.

For Q1, the company expects EPS of $1.25-1.30, compared to the consensus estimate of $1.36. For the full year, the company anticipates EPS in the range of $5.90-6.05, compared to the consensus estimate of $6.50.

4 more dividend hikes

Mueller Industries (NYSE:MLI) hiked its dividend by 20% to $.30 per share, or $1.2 annualized, for an annual yield of 1.6%. The dividend will be payable on March 31, 2023, to stockholders of record on March 17, 2023, with an ex-dividend date of March 16, 2023.

SBA Communications (NASDAQ:SBAC) hiked its dividend by 19.7% to $0.85 per share, or $3.4 annualized, for an annual yield of 1.2%. The dividend will be payable on March 24, 2023, to stockholders of record on March 10, 2023, with an ex-dividend date of March 9, 2023.

Huntsman (NYSE:HUN) hiked its dividend by 11.8% to $0.2375 per share, or $0.95 annualized, for an annual yield of 3.1%. The dividend will be payable on March 31, 2023, to stockholders of record on March 15, 2023, with an ex-dividend date of March 14, 2023.

Shares plunged nearly 6% yesterday after the company posted weaker-than-expected Q4 results and a guidance miss.

Amerisafe (NASDAQ:AMSF) hiked its dividend by 9.7% to $0.34 per share, or $1.36 annualized, for an annual yield of 2.4%. The dividend will be payable on March 24, 2023, to stockholders of record on March 10, 2023, with an ex-dividend date of March 9, 2023.

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