5 big dividends & buybacks this week: AutoZone, Rayonier By Investing.com
<p> <br />
</p>
<div>
<div>
<img decoding="async" alt="5 big dividends & buybacks this week: AutoZone, Rayonier" id="carouselImage" src="https://i-invdn-com.investing.com/news/moved_LYNXNPEA8L0JP_L.jpg" style="visibility:hidden" /><br />
<span>© Reuters </span><br />
<i class="imgGrad"/>
</div>
<p dir="ltr">Investing.com — Here is your Pro Recap of the biggest dividend hikes, special dividends, and share-buyback announcements you may have missed this week.</p>
<p dir="ltr">Looking to build a market-betting portfolio for 2024? Join InvestingPro now and access the AI-powered strategy that outperformed the market by 670% over the last decade.</p>
<h2 dir="ltr"><strong>AutoZone announces new $2 billion share buyback</strong></h2>
<p dir="ltr">AutoZone (NYSE:) declared that its Board of Directors approved an additional $2.0 billion for the buyback of the company’s common stock, as a part of its continuing share repurchase program.</p>
<p dir="ltr">Since this program began in 1998, the Board of Directors has now authorized a total of $37.7B for stock repurchases.</p>
<h2 dir="ltr"><strong>Rayonier declares a special dividend </strong></h2>
<p dir="ltr">Rayonier (NYSE:) declared a special dividend of $0.20 per share, with an annual yield of 0.6%.</p>
<p dir="ltr">The dividend will be payable on January 12, 2024, to stockholders of record on December 29, 2023, with an ex-dividend date of December 28, 2023.</p>
<p dir="ltr"><img decoding="async" title="new year" src="https://d1-invdn-com.investing.com/content/picd3a680593ec48e45c03b513f69c22a74.png" alt="new year" /></p>
<h2 dir="ltr"><strong>Three dividend hikes</strong></h2>
<p dir="ltr">WEC Energy Group (NYSE:) raised its quarterly dividend by 7.1% to $0.835 per share, or $3.34 annualized, with an annual yield of 4%. The dividend will be payable on March 1, 2024, to stockholders of record on February 14, 2024, with an ex-dividend date of February 13, 2024.</p>
<p dir="ltr"><span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> Fulton Financial </span></span> (NASDAQ:) raised its quarterly dividend by 6.3% to $0.17 per share, or $0.68 annualized, with an annual yield of 4.1%. The dividend will be payable on January 12, 2024, to stockholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023.</p>
<p dir="ltr">ServisFirst Bancshares (NYSE:) hiked its quarterly dividend by 7.1% to $0.30 per share, or $1.2 annualized, with an annual yield of 1.8%. The dividend will be payable on January 8, 2024, to stockholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023.</p>
<p dir="ltr">Take your investing game to the next level in 2024 with ProPicks</p>
<p dir="ltr">Institutions and billionaire investors worldwide are already well ahead of the game when it comes to AI-powered investing, extensively using, customizing, and developing it to bulk up their returns and minimize losses.</p>
<p dir="ltr">Now, InvestingPro users can do just the same from the comfort of their own homes with our new flagship AI-powered stock-picking tool: ProPicks.</p>
<p dir="ltr">With our six strategies, including the flagship “Tech Titans,” which outperformed the market by a lofty 952% over the last decade, investors have the best selection of stocks in the market at the tip of their fingers every month.</p>
<p dir="ltr">Subscribe here for up to 50% off as part of our year-end sale and never miss a bull market again!</p>
<p dir="ltr"><img decoding="async" title="new year" src="https://d1-invdn-com.investing.com/content/picce1455051ee67b5a09356073ddca7cd9.png" alt="new year" /></p>
</div>
<p><br />
<br /><a href="https://www.investing.com/news/stock-market-news/5-big-dividends–buybacks-this-week-autozone-rayonier-3262777">Source link </a></p><p>The post <a href="https://forextraderhub.com/5-big-dividends-buybacks-this-week-autozone-rayonier-by-investing-com.html">5 big dividends & buybacks this week: AutoZone, Rayonier By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>
Leave a Comment