Discover the dividend increase highlights from last week
Dividends
December 13, 2023
Korn Ferry, a global organizational consulting firm, recently reported its Q2 FY'24 results, revealing fee revenue of $704 million, down 3% YoY. Despite economic challenges, Korn Ferry's earnings remained steady, with Adjusted EBITDA at $98.5 million, reflecting a 14% margin. Notably, Consulting and Digital businesses demonstrated resilience, contributing nearly 40% to the top line.
In response to the evolving economic landscape, Korn Ferry implemented restructuring actions, resulting in a net loss of $1.7 million in Q2 FY'24. However, CEO Gary D. Burnison expressed pride in the organization's ability to deliver relevant solutions amidst change. As a positive move, Korn Ferry increased its regular quarterly cash dividend by an impressive 83%, now standing at $0.33 per share, payable on January 12, 2024.
The increase in dividend and the strategic focus on Consulting and Digital businesses reflect Korn Ferry's adaptability and commitment to shareholder value. Despite the Q2 revenue dip, Korn Ferry's diversified portfolio and robust leadership underpin optimism for future growth and resilience in a dynamic business environment.
Korn Ferry and its subsidiaries specialize in global organizational consulting services, operating across four segments: Consulting, Digital, Executive Search, and RPO & Professional Search. Korn Ferry offers executive search services for high-level positions in various sectors, including industrial, financial services, life sciences, consumer, technology, and education. Additionally, Korn Ferry provides organizational strategy, leadership development, and rewards solutions. With a focus on both public and private enterprises, as well as government and non-profit organizations, Korn Ferry was founded in 1969 and is headquartered in Los Angeles, California.
Dividend yield: 2.27%
Korn Ferry stock rose 8% in 5 days from the time LevelFields.AI sent the alert
Eli Lilly and Company is making headlines with a significant 15% boost in its quarterly dividend, marking a positive move for investors. The recent announcement by the board of directors reveals a declared dividend of $1.30 per share on the outstanding common stock for the first quarter of 2024. Shareholders can look forward to receiving this dividend on March 8, 2024, if they're on the books by the close of business on February 15, 2024.
Eli Lilly and Company is a global pharmaceutical firm specializing in the discovery, development, manufacturing, and marketing of a diverse range of pharmaceutical products. With a focus on endocrinology, neuroscience, immunology, and oncology, Eli Lilly and Company offers a broad portfolio addressing conditions such as diabetes, osteoporosis, depressive disorder, rheumatoid arthritis, and various cancers. Additionally, Eli Lilly has strategic collaborations with industry partners and ongoing initiatives, including therapeutic antibody development for COVID-19. Founded in 1876 and headquartered in Indianapolis, Indiana, Eli Lilly and Company remains dedicated to advancing healthcare solutions on a worldwide scale.
Dividend yield: 0.91%
Owens Corning just revealed a 15% boost in its fourth-quarter cash dividend, now standing at $0.60 per common share. This decision reflects Owens Corning's commitment to providing value to its shareholders. If you're a shareholder, mark your calendar for January 19, 2024, as that's when the increased dividend will be paid to those on record as of January 8, 2024.
Owens Corning and its subsidiaries specialize in the production and sale of glass fiber reinforcements and various materials for composites, as well as residential, commercial, and industrial building materials on a global scale. Operating through three segments—Composites, Insulation, and Roofing—Owens Corning provides solutions for diverse applications, including construction, transportation, consumer goods, and energy markets. The Composites segment focuses on manufacturing and selling glass reinforcements, while the Insulation segment produces fiberglass insulation for various markets. The Roofing segment manufactures residential roofing shingles and related materials. Owens Corning, founded in 1938 and headquartered in Toledo, Ohio, serves a wide range of industries with its innovative products.
Dividend yield: 1.63%
Zoetis Inc., a leading animal health company, has just announced a 15% increase in its quarterly dividend for the first quarter of 2024. Now standing at $0.432 per share, this dividend boost reflects Zoetis' strong performance throughout the year, driven by its diverse and innovative product portfolio. The dividend will be distributed on March 1, 2024, to all shareholders of record as of January 19, 2024. Wetteny Joseph, Zoetis' Executive Vice President and Chief Financial Officer, expressed satisfaction with Zoetis's performance and highlighted the dividend increase as a testament to their commitment to rewarding shareholders and returning excess capital.
Zoetis Inc. is a global leader in the discovery, development, manufacturing, and commercialization of animal health products. Operating internationally, Zoetis focuses on a wide range of species, including livestock and companion animals. Zoetis provides vaccines, anti-infectives, parasiticides, and various pharmaceutical products to prevent and treat diseases in animals. Additionally, Zoetis offers diagnostic products, portable analysis systems, and point-of-care solutions. Serving veterinarians, livestock producers, and retail outlets, Zoetis is committed to advancing animal health across diverse sectors. Established in 1952 and headquartered in Parsippany, New Jersey, Zoetis plays a vital role in promoting the well-being of animals globally.
Dividend yield: 0.89%
Zoetis stock price rose 5.3% in 5 days from the time LevelFields.AI sent the alert
Quanta Services recently declared a quarterly cash dividend of $0.09 per share, marking a significant 12.5% boost compared to the previous quarter. This translates to an annualized rate of $0.36 per share. The dividend is set to be distributed on January 12, 2024, to stockholders on record as of January 2, 2024.
Quanta Services, Inc. specializes in specialty contracting services globally, with a focus on Electric Power Infrastructure and Pipeline/Industrial Infrastructure. The Electric Power Infrastructure Services segment covers the design, installation, maintenance, and repair of electric power transmission and distribution systems, along with emergency restoration services. Additionally, Quanta Services engages in the development and construction of renewable energy facilities. The Pipeline and Industrial Infrastructure Services segment focuses on designing, installing, and maintaining various pipeline systems, along with providing related trenching and welding services. Quanta Services caters to a diverse range of clients, including electric power, energy, and communication companies, as well as commercial, industrial, and governmental entities. Established in 1997, Quanta Services is headquartered in Houston, Texas.
Dividend yield: 0.17%
Quanta Services's stock price rose 7% in 6 days from the time LevelFields.AI sent the alert
All data was sourced from LevelFields.AI
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