7 big dividends & buybacks: Costco, J&J hike their payouts

By Davit Kirakosyan

-- Here is Futures software prompts buying and selling pointsyour Pro Recap of the biggest fresh dividend hikes, special dividends, and stock buybacks you may have missed this week.

Costco hikes dividend, shares gain

Costco Wholesale (NASDAQ:) shares rose nearly 2% on Thursday after the company hiked its dividend by 13.3% to $1.02 per share, or $4.08 annualized, for an annual yield of 0.8%.

The dividend will be payable on May 19, 2023, to stockholders of record on May 5, 2023, with an ex-dividend date of May 4, 2023.

Last month the company reported its , with EPS of $3.30 coming in better than the consensus of $3.21, while revenue of $54.24 billion missed the consensus estimate of $55.55B.

Shares gained 3% this week.

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Johnson & Johnson hikes dividend, beats Q1 & raises outlook

Johnson & Johnson (NYSE:) hiked its dividend by 5.3% to $1.19 per share, or $4.76 annualized, for an annual yield of 2.9%.

The dividend will be payable on June 6, 2023, to stockholders of record on May 23, 2023, with an ex-dividend date of May 22, 2023.

The company reported its on Tuesday, with both EPS of $2.68 and revenue of $24.7B beating expectations. Furthermore, the company raised its 2023 outlook, expecting EPS of $10.60-$10.70 and revenue of $97.9-98.9B, both above the consensus estimates.

Shares closed the week with a nearly 2% loss.

5 more dividends & share buybacks

Griffon (NYSE:) declared a special dividend of $2.00 per share, for an annual yield of 6.3%.The dividend will be payable on May 19, 2023, to stockholders of record on May 9, 2023, with an ex-dividend date of May 8, 2023.

Furthermore, the company increased its share repurchase authorization to $258 million from the prior unused authorization of $58M.

Shares fell nearly 6% this week.

Capstar Financial (NASDAQ:) hiked its dividend by 10%to $0.11 per share, or $0.44 annualized, for an annual yield of 3%. The dividend will be payable on May 24, 2023, to stockholders of record on May 10, 2023, with an ex-dividend date of May 9, 2023.

Shares dropped more than 7% on Friday after the company reported worse-than-expected .

(NASDAQ:) hiked its dividend by 12%to $0.28 per share, or $1.12 annualized, for an annual yield of 2.4%. The dividend will be payable on May 11, 2023, to stockholders of record on May 1, 2023, with an ex-dividend date of April 28, 2023.

The Travelers Companies (NYSE:) hiked its dividend by 7.5%to $1.00 per share, or $4 annualized, for an annual yield of 2.4%. The dividend will be payable on June 30, 2023, to stockholders of record on June 9, 2023, with an ex-dividend date of June 8, 2023.

Furthermore, the company authorized an additional $5B of share repurchases.

Shares gained more than 6% this week.

Peabody Energy (NYSE:)on Monday approved a new common stock repurchase authorization of up to $1B. Along with this, it approved a new shareholder return framework that also includes a fixed quarterly cash dividend and a variable quarterly cash dividend component.

The company plans to return to shareholders at least 65% of its annual Available Free Cash Flow (AFCF) retroactive to January 1, 2023.

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