All articles tagged with #dividend payments
Telecom Italia won a court case confirming it is owed over 1 billion euros from Italy's government, which could lead to converting savings shares into ordinary stock and resuming dividends, aiding the company's financial recovery.
Strategy Inc. created a $1.4 billion reserve to cover at least 21 months of dividend payments amid concerns over falling Bitcoin prices and its potential need to sell crypto holdings. Despite the reserve announcement, its shares dropped nearly 8% due to fears of liquidity issues and the company's declining valuation, highlighting the risks of its Bitcoin-centric financial strategy amid market volatility.
President Trump remains committed to distributing $2,000 dividend checks to Americans funded by tariff revenue, with the White House exploring implementation options despite some skepticism from officials about the feasibility and source of funds, potentially increasing federal debt if financed from future tariff revenues.
3M Company, a global manufacturing company known for its innovative products, has reached settlements totaling $16.3 billion to resolve lawsuits related to water contamination and hearing loss claims. Despite these legal challenges, the company's financial position remains strong, with increasing revenue and margins. Analysts predict a decline in revenue for the third quarter of 2023 due to currency exchange rates and decreased demand in certain markets. However, 3M's operating income margin is expected to continue growing, and its earnings per share are projected to exceed expectations. The company's stock is considered undervalued, and it has a track record of increasing dividend payments. Overall, analysts rate 3M as an "outperform" for the next 12 months.
Saudi Aramco's net income for Q1 2023 was $31.9 billion, a 19% drop from the same period last year due to lower oil prices. However, the company's earnings still exceeded those of Western rivals combined. Aramco plans to increase dividend payments by 4% and is considering adding "performance-linked" dividends. The company is investing in expanding output and signing refining and chemical deals, mostly in Asia, to lock up markets for the long term. Despite concerns about climate change risks, Aramco remains focused on fossil fuels and expects demand for oil to remain healthy this year as China and India's economies grow.
First Republic Bank shares are down in premarket trading after the San Francisco-based bank announced it will suspend dividend payments on all series of preferred shares as a "measure of prudent oversight." This move has raised concerns among investors, with some speculating that it could be a sign of trouble for the bank. First Republic Bank was bailed out by 11 banks, including JPMorgan Chase, after the collapse of Silicon Valley Bank triggered deposit outflows from regional banks.