Discover the top 6 Stocks with the biggest dividend increases last month - November
Dividends
December 5, 2023
Ituran Location and Control Ltd. (ITRN) showcased robust financial performance in the third quarter of 2023, reporting significant milestones and growth. The quarter witnessed a substantial net subscriber increase of 48,000, contributing to a record-breaking revenue of $81.1 million, marking a 12% improvement year-over-year. Net income surged by 24% to reach $12.5 million, with EBITDA hitting $22.5 million, reflecting a 15% increase.
The positive trajectory in subscriber growth has been a key driver for Ituran, with over 2 million global subscribers consistently using their services. Despite challenges, including a slowdown in new car sales in Israel due to the recent conflict, Ituran Location and Control Ltd. anticipates continued stability and growth. Eyal Sheratzky, Co-CEO of Ituran, expressed satisfaction with the results and highlighted Ituran Location and Control Ltd.'s commitment to rewarding shareholders. Consequently, Ituran Location and Control Ltd. increased its regular dividend payout to $5 million, a 67% boost from the prior policy, underscoring confidence in its financial strength.
Examining the financials, subscription fees played a pivotal role, accounting for a record $60.2 million, a 13% increase from the previous year. Gross profit for the quarter was $39.4 million, representing a 14% uptick, while operating income and EBITDA both showed commendable growth. Ituran Location and Control Ltd.'s net cash position strengthened to $38.0 million as of September 30, 2023. Ituran's strategic decision to resume its former dividend policy and continue with a share buy-back program further reflects management's confidence in sustained, profitable growth. With a resilient subscriber base and a commitment to shareholder value, Ituran looks poised for continued solid performance in the foreseeable future.
Ituran Location and Control Ltd. and its subsidiaries specialize in providing location-based services and wireless communications products. In its Location-Based Services segment, Ituran Location and Control Ltd. offers stolen vehicle recovery, fleet management, and personal locator services, along with on-demand navigation guidance. Serving various industries, including insurance, automotive, and private subscribers, Ituran helps track and manage vehicles in real time. The Wireless Communications Products segment provides devices like Base Site, Control Center, and navigation/tracking devices for efficient data collection and transmission. Founded in 1994 and headquartered in Azor, Israel, Ituran serves over 230,000 end-users through 40,000 corporate customers across Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, and the United States.
Ituran Location and Control Ltd.'s stock price rose 6% over a week from the time LevelFields.AI sent the alert
PulteGroup, Inc. (PHM) has just made an investor-friendly move by announcing a 25% boost in its quarterly dividend, now standing at $0.20 per common share. This significant increase is a testament to PulteGroup, Inc.'s robust financial performance over the past half-decade, generating an impressive $6.9 billion in cash flow from operations. PulteGroup's President and CEO, Ryan Marshall, emphasized their dedication to both sustained growth and shareholder value, highlighting the allocation of $4.0 billion to investors through dividends and share repurchases in the last five years.
This strategic decision aligns with PulteGroup's commitment to robust financial health and underscores their confidence in sustained, profitable growth. The dividend hike is set to take effect with the next scheduled payment on January 3, 2024, providing a tangible benefit to shareholders. Investors can view this move as a positive signal, reflecting PulteGroup's resilience and long-term vision, making it a compelling stock to watch for those seeking stability and returns in the real estate sector.
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. PulteGroup, Inc. acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2019, PulteGroup, Inc. controlled 158,262 lots and 64,903 lots under land option agreements. It also arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia.
PulteGroup, Inc.'s stock price rose to almost 5% over 3 weeks from the time LevelFields.AI sent the alert
Aramark (ARMK) has reported robust fourth-quarter and full-year fiscal 2023 results. John Zillmer, Aramark's CEO, highlighted Aramark's third consecutive year of strong Net New Business, reflecting a 15% increase in consolidated revenue year-over-year. This growth was driven by net new business, pricing actions, and base business expansion.
Aramark's prudent financial management and strategic asset optimization contributed to a 37% increase in operating income to $863 million for fiscal 2023. Adjusted Operating Income (AOI) reached $1.03 billion, marking a 34% growth. Aramark's global segments, including FSS United States and FSS International, witnessed positive performance, with AOI margin improvements and solid revenue growth.
Aramark's commitment to shareholder value is evident in its proactive approach, including the completion of the Uniform Services spin-off. In recognition of its strengthened financial position, Aramark's Board of Directors announced a 15% increase in the quarterly dividend to 9.5 cents per common share, payable on December 8, 2023. This move underlines Aramark's confidence in its strategies for sustainable, profitable growth, aligning with its 'Reach for Remarkable' mindset, as emphasized by CEO John Zillmer. Investors can look forward to enhanced dividends and a promising outlook for Aramark's continued success in the future.
Aramark, headquartered in Philadelphia, Pennsylvania, is a global provider of food, facilities, and uniform services catering to diverse sectors such as education, healthcare, business and industry, sports, leisure, and corrections. Operating through three segments—Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel—Aramark offers a range of managed services, including dining, catering, and food service management. Additionally, Aramark provides facility management services, correctional food services, and manages concessions, banquet, and catering services at various sports, entertainment, and recreational facilities. With origins dating back to 1959, Aramark has established itself as a prominent player in the industry, serving clients both in North America and internationally.
Aramark's stock price rose 7.5% over a week from the time LevelFields.AI sent the alert
Roper Technologies, Inc. (ROP) declared a substantial 10% increase in its quarterly cash dividend, elevating it to $0.75 per share. This upward adjustment, marking the thirty-first consecutive year of dividend growth, reflects Roper's commitment to rewarding its shareholders. The decision, approved by the Board of Directors, signifies a positive outlook driven by Roper's consistent financial performance. Roper Technologies, Inc., known for its innovative technology solutions, has been a stalwart in delivering value to investors.
Roper's CEO, in a statement, attributed the dividend boost to Roper Technologies, Inc.'s robust financial health, citing a remarkable 2023 where it paid out an annual dividend of $0.27 more per share compared to the previous year. This move aligns with Roper's enduring strategy of generating sustainable, profitable growth. As investors eagerly anticipate the payout on January 23, 2024, Roper stands out as a beacon of stability and growth in the tech sector. The dividend increase not only underscores Roper's fiscal strength but also positions the stock favorably for investors seeking steady returns and long-term value.
Roper Technologies, Inc. is a global company specializing in the design and development of software, engineered products, and solutions. Their diverse offerings include software for management, laboratory information, transportation, financial analytics, and foodservice operations. Additionally, Roper Technologies, Inc. provides cloud-based solutions, electronic marketplaces, RFID technology, healthcare services, and a range of products for water and gas utilities. Roper Technologies is also involved in precision testing instruments, radiotherapy solutions, control valves, and equipment for various industries. Originally known as Roper Industries, Inc., Roper Technologies, Inc. rebranded as Roper Technologies, Inc. in 2015 and is headquartered in Sarasota, Florida.
Roper Technologies, Inc.'s stock price rose 6% over 3 weeks from the time LevelFields.AI sent the alert
Berry Global Group, Inc. (BERY) has just announced an impressive 10% uptick in its quarterly cash dividend, now standing at $0.275 per share, marking an annualized dividend of $1.10 per share. This increased payout, payable on December 15, 2023, to shareholders of record as of December 1, 2023, signifies a strong commitment to rewarding investors while underlining Berry's solid financial health.
Berry Global Group, Inc. is a leading manufacturer and supplier of non-woven, flexible, and rigid products. Berry Global Group, Inc.'s diverse offerings include packaging solutions such as blow molded and injection-stretch molded containers, closures, and dispensing systems, as well as polythene films. It specializes in manufacturing a wide range of materials, from engineered films and tapes to medical garment materials, surgical drapes, and hygiene products. Serving consumer and industrial markets globally, Berry Global Group, Inc. has a comprehensive portfolio that caters to various sectors, including healthcare, packaging, and engineered materials. Berry Global Group, Inc., originally known as Berry Plastics Group, Inc., was founded in 1967 and is headquartered in Evansville, Indiana.
Berry Global Group, Inc.'s stock price rose 5% over 2 weeks from the time LevelFields.AI sent the alert
La-Z-Boy Incorporated (LZB) has unveiled its second-quarter results for the period ending October 28, 2023, showcasing resilience in the face of industry challenges. Despite a 16% decline in consolidated sales, La-Z-Boy Incorporated's strategic execution, especially in retail stores and across the supply chain, has allowed it to outperform expectations. President and CEO Melinda D. Whittington attributes this success to La-Z-Boy Incorporated's Century Vision strategy, emphasizing growth in La-Z-Boy Incorporated-owned retail store base, now representing over half of the entire network.
The recent acquisition of an additional six-store network in the Midwest and the launch of the "Long Live the Lazy" brand campaign further underscore La-Z-Boy's commitment to innovation and consumer connection. Looking ahead, despite anticipating challenging industry trends, La-Z-Boy Incorporated forecasts fiscal third-quarter sales in the range of $515-535 million, with a Non-GAAP operating margin of 7-8%. La-Z-Boy Incorporated's prudent approach to navigating the market, coupled with its iconic brand and consumer-focused strategy, positions La-Z-Boy favorably for continued industry outperformance.
Furthermore, the announcement of a 10% increase in the quarterly cash dividend to $0.20 per share reflects La-Z-Boy Incorporated's confidence in its financial strength and strategic initiatives. This dividend, payable on December 18, 2023, to shareholders of record on December 11, 2023, signifies a robust commitment to delivering value to investors. La-Z-Boy's strong balance sheet, marked by $333 million in cash and no external debt, underscores its financial stability and ability to navigate market headwinds. As La-Z-Boy Incorporated continues to invest in its business and optimize its network, investors can find assurance in La-Z-Boy's long-term growth potential and commitment to delivering shareholder returns.
La-Z-Boy Incorporated is a leading manufacturer, distributor, and retailer of upholstery and casegoods furniture products globally. Operating through Upholstery, Casegoods, and Retail segments, La-Z-Boy Incorporated produces a range of furniture, including recliners, sofas, bedroom sets, and entertainment centers. La-Z-Boy sells its products through various channels, including La-Z-Boy Furniture Galleries stores, independent retailers, and its own retail network comprising 154 company-owned stores. With a history dating back to 1927, La-Z-Boy has evolved from its origins as the La-Z-Boy Chair Company and continues to be headquartered in Monroe, Michigan.
La-Z-Boy Incorporated's stock price rose 14.5% over 5 days from the time LevelFields.AI sent the alert
All data was sourced from LevelFields.AI
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