Dividend Increases/Decreases for the Week of April 4
April 4, 2025
Below we provide a list of firms that raised their dividends during the week ending April 4. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Adecoagro (AGRO): now $0.175 per share semi-annual dividend, was $0.174. Banco Santander (SAN): now EUR 0.1100 per share final dividend, was $0.1152. Bank OZK (OZK): now $0.43 per share quarterly dividend, was $0.42. Brookfield Renewable Power Preferred Equity Inc. PREF SHS CL A 2 (BRF.PR.B:CA): now CAD 0.3318 per share quarterly dividend. Compass Diversified Holdings Non-Cum Red Pfd Registered Series A (CODI.PR.A): now $0.4532
Lululemon Continues to Execute on Its Growth Strategy
March 31, 2025
Image Source: TradingView By Brian Nelson, CFA On March 27, Lululemon (LULU) reported better than expected fourth quarter results with revenue and GAAP earnings per share coming in ahead of what the Street was looking for. Net revenue advanced 13% (14% on a constant dollar basis), with Americas net revenue up 7% (8% on a constant dollar basis) and international net revenue advancing 38% (40% on a constant dollar basis). Comparable sales, which excludes net revenue from the 53rd week of 2024, increased 3%, or 4% on a constant dollar basis. Management had the following to say about the quarter: Our fourth quarter results exceeded our expectations as we continued to introduce more newness and innovation into our product assortment.
Adobe’s Outlook Falls Short of Expectations
March 31, 2025
Image Source: TradingView By Brian Nelson, CFA On March 12, Adobe (ADBE) reported better than expected first quarter fiscal 2025 results with both revenue and non-GAAP earnings per share coming in ahead of expectations. The company achieved record revenue in the fiscal first quarter, showcasing 10% year-over-year growth (11% in constant currency). Non-GAAP operating income and non-GAAP net income came in at $2.72 billion and $2.22 billion, respectively. In the quarter, the company reported record operating cash flows of $2.48 billion. Adobe repurchased approximately 7.0 million shares in the quarter. Management had the following to say about the quarter: Adobe’s success over the next decade will be driven by customer-focused innovation and new offerings for creators, marketing professionals, business professionals
FedEx Lowers Outlook Again
March 31, 2025
Image Source: TradingView By Brian Nelson, CFA On March 20, FedEx (FDX) reported mixed third quarter results for fiscal 2025, with revenue edging out the consensus forecast and non-GAAP earnings per share missing the mark. Revenue increased 2.3%, while operating income expanded to $1.29 billion from $1.24 billion in last year’s quarter. FedEx’s operating margin edged up to 5.8% from 5.7% in the year-ago quarter. Net income increased to $0.91 billion from $0.88 billion, while diluted earnings per share came in at $3.76 from $3.51 in last year’s quarter. Management had the following to say about the quarter: The FedEx team delivered improved profitability, while navigating a very challenging operating environment, including a compressed Peak season and severe weather events.
Dividend Increases/Decreases for the Week of March 28
March 28, 2025
Below we provide a list of firms that raised their dividends during the week ending March 28. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Armanino Foods of Distinction (AMNF): now $0.0400 per share quarterly dividend, was $0.0363. BankUnited (BKU): now $0.31 per share quarterly dividend, was $0.29. BBVA Compass Bancshares (BBVA): now $0.4439 per share semi-annual dividend, was $0.3243. BRP (DOOO): now CAD 0.215 per share quarterly dividend, was CAD 0.210. Ermenegildo Zegna (ZGN): now EUR 0.12 per share dividend, was EUR 0.10. Hamilton REITs YIELD MAXIMIZER ETF
Nike Faces Continued Revenue Declines
March 22, 2025
Image: Nike’s shares remain under pressure. By Brian Nelson, CFA On March 20, Nike (NKE) reported better than expected third quarter fiscal 2025 results, but the firm’s outlook signaled continued difficulties. Third quarter revenues were down 9% on a reported basis and 7% on a currency-neutral basis. Nike Brand revenues fell 9% on a reported basis and 6% on a currency-neutral basis, as the firm faced declines in all geographies. Nike Direct revenues dropped 12% on a reported basis and 10% on a currency-neutral basis. Wholesale revenues fell 7% on a reported basis and 4% on a currency-neutral basis. Revenues for Converse dropped 18% on a reported basis and 16% on a currency-neutral basis. Its gross margin tumbled 330
Dividend Increases/Decreases for the Week of March 21
March 21, 2025
Below we provide a list of firms that raised their dividends during the week ending March 21. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Africa Oil Corp. (AOIFF): now $0.0371 per share quarterly dividend, was $0.0250. AG Mortgage Investment Trust (MITT): now $0.20 per share quarterly dividend, was $0.19. Alvopetro Energy (ALVOF): now $0.10 per share quarterly dividend, was $0.09. Americold Realty Trust (COLD): now $0.23 per share quarterly dividend, was $0.22. Andlauer Healthcare Group (AND:CA): now CAD 0.12 per share quarterly dividend, was CAD 0.11. ArcelorMittal S.A.
Realty Income Has Raised Its Dividend 130 Times Since Listing on the NYSE in 1994
March 17, 2025
Image Source: Realty Income By Brian Nelson, CFA Realty Income (O) recently reported mixed fourth quarter results with the REIT’s top line exceeding the consensus forecast, but funds from operations coming up a little light. For the three months ended December 31, net income was $199.6 million, or $0.23 per share. Adjusted funds from operations (AFFO) per share increased 4%, to $1.05. In the quarter, Realty Income invested $1.7 billion at an initial weighted average cash yield of 7.1%. Net debt to annualized pro forma adjusted EBITDAre was 5.4x. Management was pleased with the report, as noted in the press release: I (Sumit Roy, Realty Income’s President and Chief Executive Officer) am pleased with our performance in 2024 as we
Dollar General’s Long-term Framework Looks Achievable
March 17, 2025
Image Source: TradingView By Brian Nelson, CFA On March 13, Dollar General (DG) reported mixed fourth quarter fiscal 2024 results with revenue outpacing the consensus forecast, but GAAP earnings per share coming up a bit light. Fourth quarter net sales advanced 4.5%, while same store sales increased 1.2% in the quarter, the latter better than the consensus estimate of 0.9%. Fourth quarter operating profit dropped 49.2% and fourth quarter diluted earnings per share dropped 52.5%, which included charges associated with its store portfolio review. Despite the mixed report, management was pleased with the results: We were pleased with the underlying performance of the business in the fourth quarter, including improved execution and solid top-line results. As we reflect on our
