Dividends – The News Desk

Eye-Popping Yields Mask Paltry Returns From These Funds

6Dec

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Money

Eye-Popping Yields Mask Paltry Returns From These Funds

For conservative income investors, some new funds look too good to be true. That’s because they are.Touting annual distribution rates of 50% or more, they generate cash by selling options contracts on some of the most speculative parts of the stock market. The good news is that the exchange-traded funds don’t carry the risk of instant ruin that sellers of the derivatives can face. The bad news is that what sounds edgy and lucrative are new flavors of an old and often disappointing strategy.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

22Nov

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World

Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0748 GMT – IAG said it intends to resume its ordinary dividend and distribute excess cash in the form of special dividends and/or buybacks, but didn’t provide a timeline, Citi analysts say in a note. The company—which operates British Airways and Iberia among others—said it expects capital expenditure to be around EUR4.5 billion between 2024 and 2026, with investment going across its fleet, IT and product offerings, whilst intending to pursue inorganic opportunities, Citi says. “We think lack of timeline on resumption of ordinary dividend along with capex outlay is likely to be taken negatively,” Citi says. (anthony.orunagoriainoff@dowjones.com)Cop...

IAG Says It Remains Committed to Dividends, Sets out Medium-Term Targets

21Nov

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World

IAG Says It Remains Committed to Dividends, Sets out Medium-Term Targets

International Consolidated Airlines Group said that it will start paying dividends again once its balance sheet and investment plans are secure, as it set out its medium-term targets.The London and Madrid-listed airline group—which operates British Airways and Iberia among others—said its was targeting medium-term operating margins in the 12% to 15% range. It added it was targeting a return on invested capital between 13% and 16%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Alstom to Cut Jobs, Scrap Dividend to Accelerate Debt Reduction

15Nov

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World

Alstom to Cut Jobs, Scrap Dividend to Accelerate Debt Reduction

Updated Nov. 15, 2023 3:27 am ETAlstom plans to cut around 1,500 jobs and scrap its dividend as part of a cost-savings plan to reduce debt and boost profitability.The French train maker said Wednesday that it is also considering equity and equity-like issuances, as well as a capital increase, among potential options to accelerate its debt-reduction plans.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Infineon Meets Targets After Better-Than-Expected Revenue, Net Profit

15Nov

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World

Infineon Meets Targets After Better-Than-Expected Revenue, Net Profit

Infineon Technologies met its fiscal 2023 targets and proposed a higher dividend after beating expectations for net profit and revenue in its fourth quarter.The German chip company said on Wednesday that fourth-quarter net profit reached 753 million euros ($819.2 million) compared with EUR735 million in the fourth quarter of last year. Analysts had expected net profit of EUR674.8 million, according to FactSet.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

13Nov

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World

ANZ’s Profit Flat, Increases Dividend

Updated Nov. 12, 2023 5:45 pm ETSYDNEY—ANZ Group Holdings said its annual net profit was flat on a year earlier, but the bank increased its dividend even as higher interest rates impact economic activity.The Australian major lender reported a statutory profit of 7.1 billion Australian dollars (US$4.51 billion) for the 12 months through September. Analysts had expected a full-year net profit of A$7.21 billion, according to FactSet’s consensus estimate.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

United Bankshares Raises Dividend to $0.37

10Nov

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World

United Bankshares Raises Dividend to $0.37

Updated Nov. 10, 2023 12:11 pm ETUnited Bankshares raised its quarterly dividend 2.8%, marking the company’s 50th consecutive year of raised payouts.The Washington- and West Virginia-based regional bank said it was lifting its dividend to 37 cents from 36 cents.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

9Nov

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World

NAB FY Profit Up 7.6%, Raises Dividend

Updated Nov. 8, 2023 7:41 pm ETSYDNEY—National Australia Bank said increased lending and deposits in its business-related divisions helped to drive a 7.6% increase in its annual profit and an almost 8% improvement in its dividend.The bank said net profit for the 12 months through September rose to 7.41 billion Australian dollars (US$4.74 billion). Analysts had expected a full-year net profit of A$7.71 billion, according to FactSet’s consensus estimate.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Marks & Spencer Pretax Profit Rises; Resumes Dividend Despite Uncertain Outlook

8Nov

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World

Marks & Spencer Pretax Profit Rises; Resumes Dividend Despite Uncertain Outlook

Marks & Spencer Group said pretax profit for the first half of fiscal 2024 rose on the back of a resilient consumer demand but warned that outlook remains uncertain.The U.K. retailer on Wednesday said pretax profit for the half year ended Oct. 1 was 325.6 million pounds ($400.5 million) compared with GBP208.5 million for the same period a year earlier.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Ryanair to Pay Dividend in 2024 After Profit Soared

6Nov

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World

Ryanair to Pay Dividend in 2024 After Profit Soared

Updated Nov. 6, 2023 2:11 am ETRyanair Holdings said it will pay out a dividend of 400 million euros ($429.3 million) in 2024 after net profit in the first half of its fiscal year soared on traffic that grew 11%.The Irish low-cost carrier said it will pay an interim and a final dividend of EUR200 million in February and in September, respectively.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8