6 dividend hikes to watch for this week

This post was originally published on this site

Get a jump on this week’s likely dividend hikes.

1. Owens Corning (NYSE:OC) hiked its quarterly dividend by 48.6% to $0.52 per share, or $2.08 annualized. This is a 48.6% increase from the prior dividend of $0.35. The dividend will be payable on January 19, 2023, to stockholders of record on January 4, 2023, with an ex-dividend date of January 3, 2023. The company also approved a 10-million-share buyback.

2. Raymond James Financial Inc (NYSE:RJF) hiked its quarterly dividend by 23.5% to $0.42 per share, or $1.68 annualized. The dividend will be payable on January 17, 2023, to stockholders of record on January 3, 2023, with an ex-dividend date of December 30, 2022.

3. United Maritime Corp (NASDAQ:USEA) declared a special dividend of $1 for a yield of 33.1%. The dividend will be payable on January 10, 2023, to stockholders of record on December 12, 2022, with an ex-dividend date of January 11, 2023.

4. Graco Inc (NYSE:GGG) hiked its quarterly dividend by 11.9% to $0.235 per share, or $0.94 annualized. The dividend will be payable on February 1, 2023, to stockholders of record on January 18, 2023, with an ex-dividend date of January 17, 2023. (Predicted last week)

5. Marriot Vacations Worldwide (NYSE:VAC) hiked its quarterly dividend by 16.1% to $0.72 per share, or $2.88 annualized, for a yield of 1.9%. The dividend will be payable on January 5, 2023, to stockholders of record on December 22, 2022, with an ex-dividend date of December 21, 2022.

6. Sturm Ruger & Company Inc (NYSE:RGR) declared a special dividend of $5.00 per share for a yield of 9.1%. The dividend will be payable on January 5, 2023, to stockholders of record on December 15, 2022, with an ex-dividend date of December 14, 2022. The company also approved a $1.5 billion share buyback.

Plus, more dividend hikes predicted by Investing.com and StreetInsider data last week:

***

For tools, data, and content to help you make better investing decisions, try InvestingPro+.