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Devon Energy (NYSE: DVN) has struck out on several potential acquisition opportunities over the past year. The company's Grayson Mill Energy acquisition was a key topic of conversation on that call. All fueled up for a strong 2025 "We see significant financial value created from this acquisition," stated Devon's CEO on the call.
The sale comes amid a surge in private equity-led buyouts in Japan, as companies divest non-core assets to enhance corporate and shareholder value. Mitsubishi Tanabe Pharma became a subsidiary of Mitsubishi Chemical in 2020, aiming to create synergies between the two entities.
The pipeline company kept its payout flat from the start of 2020 until earlier this year, when it provided investors with a modest 2% raise. at the end of 2020 to 3.25 In addition, the midstream company expects the merger will increase its free cash flow per share by an average of more than 20% from 2024 to 2027. by mid-2023.
When BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition company (SPAC) in December 2021, it bore a striking resemblance to Palantir Technologies (NYSE: PLTR) , which went public through a direct listing in September 2020. after it closed its merger. Let's see why BigBear.ai
BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. went public, it provided some ambitious growth targets in its pre-merger presentation. BigBear.ai's prospects sounded promising, but it broadly missed its rosy pre-merger targets. and climbed to an all-time high of $16.12
After acquiring just over 2,000 properties from the merger with Spirit Realty, Realty Income's property portfolio has grown to around 15,500 properties. This pays shareholders $3.16 Also, despite the rising stock price, shareholders earn a dividend yield of almost 5.3%, comparable to some CD interest rates in today's market.
A challenging past and present Nikola hit public markets through a reverse merger with a special purpose acquisition company (SPAC) in June 2020. A company's past results don't necessarily reflect future performance, but it can give clues about whether or not its business strategy creates shareholder value.
Despite that benefit, its stock never recovered from its high in early 2020 amid a pandemic and rising interest rates. Currently, shareholders receive $3.15 Furthermore, the Spirit Realty acquisition has boosted its financials. per share in payout to common shareholders. and seven European countries. Its nearly $1.3
BDCs have an unusual corporate structure in that 90% of taxable income is distributed to shareholders on an annual basis. The notable exception was a brief cut to the supplemental dividend in early 2020 at the beginning of the COVID-19 pandemic (seen in the grey-shaded column). Well, not exactly. HTGC Dividend data by YCharts.
Salesforce is a balanced buy It may have surprised investors when Salesforce -- a growth stock -- was added to Dow in August 2020. Companies like Salesforce reward employees with stock-based compensation, which can dilute existing shareholders. Here's why all three dividend stocks stand out as solid buys for patient investors.
In August 2020, Salesforce replaced ExxonMobil in the Dow. A dividend is a way for a company to pass along earnings directly to its shareholders. If a company can raise its dividend every year , that implies earnings are growing, so it can afford to pass even more profits to shareholders.
Canoo was not a normal IPO Canoo came public via a merger with a special purpose acquisition company (SPAC) in late 2020. That's exactly what happened, and an increasing number of the SPAC mergers from that period are now resulting in bankruptcies. Here's five reasons you should tread carefully.
In addition to being the top banana in the chocolate world, Hershey's recent acquisitions of Skinny Pop Popcorn and Dot's Homestyle Pretzels are paying immediate dividends, with the new units growing sales by 13% and 65% annually since 2019. MTYFF Free Cash Flow data by YCharts Making 27 acquisitions worth more than $1.7
Only 12% of its shareholders resided in the U.S. It's not a high-growth business, but it is sustainable, which will allow the company to continue rewarding shareholders with stock buybacks and dividends. per share in 2020 in response to the pandemic-induced energy sector downturn. So it has let down shareholders before.
Demonstrated success In addition to completing sale-leaseback transactions, "we have firmly demonstrated our capabilities deploying capital, having invested $9 billion or more including public M&A in each of the last three years since exiting the pandemic year of 2020," Roy said on the call. The company knows how to acquire real estate.
It plans to return about 70% of free cash flow to shareholders. ConocoPhillips is returning gobs of cash flow to shareholders Daniel Foelber (ConocoPhillips): Over the last year, there has been a ton of mergers and acquisitions (M&A) activity in the oil patch. Like its peers, ConocoPhillips was stress-tested in 2020.
Basically, through thick and thin, the MLP has made sure that its shareholders receive a steady and growing quarterly disbursement. Energy Transfer, on the other hand, cut its distribution in half in 2020 as the energy industry faced difficult times during the early days of the pandemic. That isn't the only thing to consider.
But UPS said that it will rely on organic growth and acquisitions to drive the segment -- putting pressure on the company's ability to execute. Chevron and Exxon are returning a ton of cash to shareholders with buybacks and dividends. UPS has laid out a new plan to restore margins and return to growth by 2026.
In fact, if you look back through the company's short history (it went public through a merger with a special purpose acquisition company in December 2020), the third quarter of 2023 was the first time it generated any revenue at all. Image source: Getty Images.
A lot of that has been through acquisitions, with Builders FirstSource doing a massive deal in 2020 and completing 14 smaller purchases in the last two years alone to rapidly expand both its product portfolio and its geographic reach. billion in cash between 2024 and 2026 on share repurchases and continued acquisitions.
Diageo stock trades at a valuation it hasn't seen since 2012 (even including the crash in March 2020). Thanks to this divergence between the company's declining share price and its steady business growth, investors may have an opportunity to buy the adult beverage juggernaut at a deep discount. dividend yield.
Shareholders of French TV production group Mediawan are weighing a takeover of Germany’s KKR-backed Leonine Studios, three people familiar with the matter told Reuters, in a deal that could value the combined entity at up to $3.3bn. Mediawan and Leonine formed a TV production joint venture in 2020. Source: U.S.
However, although shareholders liked Arco's plan, Cano's stock plunged after its announcement. billion in terms of enterprise value, and Arco shareholders will receive $14 per share in cash for their stock. Some aspects of the deal might have raised eyebrows among shareholders. The deal values Arco at $1.5
That move was voted down by shareholders at the company's annual stockholders meeting last week and shareholders also voted down a reverse stock split that the board had proposed. Cano went public via a merger with a special purpose acquisition company (SPAC) in 2020 that was backed by Sternlicht.
Shareholders will receive $0.88 All about cash flow Since completing its merger with Sprint in 2020, T-Mobile has produced massive free cash flow growth for shareholders. For example, management delivered more than $8 billion in merger synergies since integrating Sprint, above its $7.5 Image source: Getty Images.
Since the end of 2020, EOG has generated more than $22 billion of free cash flow and more than $25 billion in adjusted net income. We've increased our regular dividend rate 160%; and including both regular and special dividends, paid or committed to pay more than $13 billion directly to shareholders; and $3.2 We generated $1.6
The company expected the transformational merger to create significant shareholder value by turning it into a free cash flow machine. Shareholders elected the Rice-supported board in 2019, which installed Toby as the CEO. The company has made several scale-enhancing acquisitions to enhance margins and free cash flow.
in 2020 -- which isn't terribly high -- and then quickly fell as the industry recovered. ConocoPhillips uses the variable dividend to directly reward shareholders when it earns outsized free cash flows. Management wasn't exactly thrilled with the market's lack of interest in the stock despite the value it had returned to shareholders.
The heavily shorted stock announced it had a plan to reduce its cash burn and is trying to secure authorization from shareholders in order to increase its total number of shares outstanding. As of this writing, shares of Nikola are still down 35% year to date (YTD) and 85% since going public in 2020. Stay far away from Nikola stock.
It's been a roller-coaster ride for iRobot (NASDAQ: IRBT) shareholders since the company agreed to be acquired by Amazon.com (NASDAQ: AMZN) nearly 15 months ago. The EC opened an in-depth probe into the acquisition back in July 2023 and is expected to issue a final ruling by Feb. and Europe promptly voiced concerns.
Capital discipline ConocoPhillips has a track record of making timely acquisitions and not getting too caught up in whatever its peers are doing. In January 2021 it completed its acquisition of Concho Resources when the industry was still recovering from a downturn.
MTY Food Group: A serial acquirer MTY Food Group has made 50 acquisitions since 1999, including 27 over the last decade. While companies that rely upon megamergers or one-off jumbo acquisitions to fuel their growth often disappoint, serial acquirers like MTY often prove to be outperforming propositions. percentage points.
However, the EV-maker's stock is down 99% since 2020, and for good reason. Its financial situation is uncertain, and the company continues to dilute shareholders to fund operations. For Canoo to operate, it must continue diluting shareholders, which will put downward pressure on its share price. Is Canoo a buy, sell, or hold?
However, AbbVie and Amgen have enough in the tank to survive their current ordeals and continue doing what they do best over the long run: reward shareholders with solid dividend increases. In 2020, Amgen entered into a collaboration with Eli Lilly to help manufacture and distribute the latter's coronavirus antibodies.
While only 19 states had adopted safe digging as a best practice as of 2020, several more appear to be in the pipeline. However, as promising as the company's two biggest sub-segments are, Federal Signal isn't resting on its laurels, having made 11 acquisitions since 2016, expanding into new verticals as it goes.
First, Kroger's pending $25 billion acquisition of Albertsons and its 2,200 grocery stores would nearly double its store count to about 4,500 locations after a planned divestiture and sale of some stores to C&S Wholesale Grocers. However, several unfolding developments potentially give the grocer some market-beating catalysts.
ConocoPhillips' medium-term plan During the past year, there has been a flurry of mergers and acquisitions (M&A) in the oil patch. If successful, ConocoPhillips would emerge as a better business with no dilution to its shareholders or impact on its balance sheet. Here's why the dividend stock is a buy now.
Investors fell in love with electric vehicle (EV) and renewable energy stocks in 2020 and 2021. Dozens of start-ups in these fields went public through reverse mergers with special purpose acquisition companies ( SPACs ) a few years back. Either option would present headwinds to creating value for shareholders.
The Un-Carrier can carry your portfolio in 2024 Buffett or one of his investing lieutenants, Todd Combs or Ted Wechsler, first bought T-Mobile (NASDAQ: TMUS) in the third quarter of 2020 for the Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) The new offering has been a big hit with cost-conscious consumers, growing to over 4.2
For the fiscal years 2020 to 2022, the consumer goods company generated an average positive FCF of $14.5 CEO Jon Moeller expects the majority of the company's growth to be organic, although that does not rule out selective acquisitions in the beauty and personal healthcare sectors. FCF came in at $9.2 billion, 13% lower than the $10.5
The stock is up 35% in the last month and getting near the all-time highs set when its merger with a special purpose acquisition company (SPAC) was consummated in 2020. The stock will likely do quite well for shareholders in this scenario. In turn, this is leading to more customer growth.
million shares of this food giant it's been sitting on since 2015 -- and it's not just because Buffett helped orchestrate the merger of Kraft and Heinz back then. Ditto for faithful shareholders. Kraft Heinz is becoming more profitable following a complicated and costly 2020 and 2021, followed by 2022's revenue headwind.
The company has largely operated as an acquirer of 3D printing and AM start-ups over the last few years, using the sizable cash war chest it amassed during the pandemic-fueled market craze of late 2020 and early 2021. Its latest acquisition target is by far its biggest yet -- longtime 3D printing and AM pioneer Stratasys.
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