|
|
Recent Articles
-
Altria Selling Portion of ABI Stake, Raises 2024 Guidance
Mar 15, 2024
-
Image: Altria’s shares reacted positively to news that it would sell a portion of its stake in Anheuser-Busch Inbev.
On March 14, Altria Group announced that it would be selling in a secondary offering 35 million of its ~197 million shares of Anheuser-Busch Inbev it owns to unlock value for shareholders. The cigarette maker noted that it would use the proceeds of the sale for accelerated share buybacks to the tune of a $2.4 billion increase to its existing $1 billion repurchase program, a move that we like quite a bit as it helps to reduce total dividend obligations paid to shareholders given Altria’s outsized dividend yield. The cigarette maker also raised its earnings guidance because of the sale, and we continue to like Altria as a high yield dividend income idea.
-
Dividend Increases/Decreases for the Week of March 15
Mar 15, 2024
-
Let's take a look at firms raising/lowering their dividends this week.
-
Dick’s Sporting Goods Soars, Raises Dividend 10%
Mar 14, 2024
-
Image: Dick’s Sporting Goods’ shares have soared since the doldrums of the COVID-19 meltdown.
On March 14, Dividend Growth Newsletter portfolio holding Dick’s Sporting Goods reported better-than-expected top and bottom-line performance for the fourth quarter and issued a solid outlook for fiscal 2024. Shares of Dick’s Sporting Goods have done fantastic since the worst of the COVID-19 meltdown years ago, and the momentum behind its business remains strong, as evidenced by a nice 10% increase in its quarterly dividend. We expect to raise our fair value estimate of Dick’s Sporting Goods upon our next valuation model update, and the company remains a key idea in the Dividend Growth Newsletter portfolio.
-
Latest Report Updates
Mar 14, 2024
-
Check out the latest report updates on the website.
|
