Category: Blog
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Verizon (VZ) increases dividend by 1.9%, its 18th consecutive annual increase
The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2024, to Verizon shareholders of record at the close of business on October 10,…
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Oaktree Specialty Lending pressured by mounting non-accrual loans
Oaktree Specialty Lending (OSCL), a business development company (BDC) that provides credit solutions to middle-market companies, has faced rising challenges with an increasing number of troubled investments. Non-accrual loans, where borrowers have stopped making interest payments, now represent 5.7% of the firm’s portfolio, up from 2.7% in the previous quarter, contributing to write-downs totaling $182…
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TC Energy to spin off oil pipeline in October
TC Energy is spinning off its liquids pipelines business, South Bow, on October 1, 2024, to focus on its core strengths in natural gas and power generation. Shareholders will retain their TC Energy shares and receive proportional shares in South Bow, with combined dividends expected to match or exceed pre-spin payouts. Post-spin, TC Energy will…
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Altria (MO) increases dividend by 4.1%, its 59th increase in 55 years
Altria Group, Inc. (NYSE: MO) today announced that our Board of Directors voted to increase our regular quarterly dividend by 4.1% to $1.02 per share versus the previous rate of $0.98 per share. The quarterly dividend is payable on October 10, 2024 to shareholders of record as of September 16, 2024. The ex-dividend date is…
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CH Robinson (CHRW) increases dividend by 1.6%, its 29th consecutive annual increase
C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced that its Board of Directors today declared an increase to its regular quarterly cash dividend to 62 cents ($0.62) per share from 61 cents ($0.61) per share, payable on October 1, 2024, to shareholders of record on September 6, 2024. C.H. Robinson has distributed uninterrupted dividends…
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Capital Southwest (CSWC) increases dividend by 1.8%, declares special dividend $0.06 per share
Dividends: Paid $0.57 per share Regular Dividend and $0.06 per share Supplemental Dividend 122% LTM Pre-Tax NII Regular Dividend Coverage Total Dividends for the quarter ended June 30, 2024 of $0.63 per share Board of Directors approved an increase of the Regular Dividend to $0.58 per share and a Supplemental Dividend of $0.06 per share for the quarter ended September 30, 2024 Capital Southwest