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The private equity firms aim to refinance or reprice Adevintas existing 4.5bn debt and may raise an additional 2bn, potentially for a shareholder dividend, according to sources familiar with the matter. The firms acquired Adevinta in 2023 in one of Europes largest leveraged buyouts backed by private credit.
Dividend stocks reign supreme Companies that pay a regular dividend to their shareholders are almost always profitable on a recurring basis, as well as time-tested. In The Power of Dividends: Past, Present, and Future , the researchers at Hartford Funds compared the performance of dividend stocks to non-payers between 1973 and 2023.
And many of the biggest companies in the industry are happy to return that cash to shareholders. billion to shareholders over the last 12 months. billion to shareholders over the past year. But one of its biggest competitors has returned even more cash to shareholders. It sports a 5% dividend yield, paying out $8.2
The refinancing, led by Morgan Stanley and JPMorgan, was designed to replace a $4.8bn private credit loan raised less than two years ago, and return $1bn in preferred equity Vista invested in 2023 to complete the original financing. Bankers raised the interest spread on the senior loan to 4.5 Finastra did not respond to requests for comment.
After just one year down with two to go, we're already over 80% of the way toward achieving both of these targets, calling for a 50% increase in EBITDA per ALBD from our 2023 starting point and ROIC of 12%, both of which would be the highest the company has seen in almost 20 years. billion of debt, over $8 billion off the January 2023 peak.
In the quarter, we continue to execute against our strategy that is driving long-term growth and shareholder value. We're very pleased with Enact's operational strength's capital levels and consistent shareholder distributions. Our first priority is to create shareholder value through Enact's growing market value and returns.
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 billion indirectly through share repurchases, all while reducing debt 35%. EOG continues to create long-term shareholder value. We generated $1.6
on Thursday, following the electric vehicle (EV) maker's release on the prior afternoon of its fourth-quarter 2023 report. The stock's decline is largely attributable to management issuing 2024 production guidance that's only in line with the number of vehicles the company produced in 2023. quarters, or just over a year and a half.
Since early 2024, we achieved significantly better results than in 2023 as our business, sales teams, and markets is on better footing, as evidenced by our ability to generate record Q3 results and accelerate our growth prospects by winning partnerships with some of the world's top companies. million, achieving 12% growth from Q3 2023.
The integrated oil and gas major continues to deliver solid results and return capital to shareholders through a combination of buybacks and dividends. per barrel in 2023. All told, Chevron's upstream earnings only fell 20% compared to third-quarter 2023. in Q3 2023 because Chevron has been ramping up its spending.
Chewy (NYSE: CHWY) Q4 2023 Earnings Call Mar 20, 2024 , 5:00 p.m. Jen Hsu -- Vice President and Head of Investor Relations Thank you for joining us on the call today to discuss our fourth-quarter and full-year results for fiscal year 2023. billion, resulting in full-year 2023 net sales of $11.15 Image source: The Motley Fool.
JetBlue Airways (NASDAQ: JBLU) Q4 2023 Earnings Call Jan 30, 2024 , 10:00 a.m. I would like to welcome everyone to the JetBlue Airways fourth-quarter 2023 earnings conference call. Good morning, everyone, and thanks for joining us for our fourth-quarter 2023 earnings call. Image source: The Motley Fool. My name is Travis.
The stock went public in 1919, rewarded shareholders handsomely throughout the century, and started paying dividends in 1964. Yet, recent times have been a bit frustrating for shareholders. Coca-Cola is shareholder-friendly Berkshire Hathaway's investment illustrates that Coca-Cola is dedicated to returning capital to shareholders.
Zoetis (NYSE: ZTS) Q4 2023 Earnings Call Feb 13, 2024 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome to the fourth-quarter and full-year 2023 financial results conference call and webcast for Zoetis. Image source: The Motley Fool. Steve, you may begin.
Should shareholders be happy with that outcome? The company had $27 billion in total net sales in 2023. As of the first quarter of 2024, Kraft Heinz had nearly $20 billion in long-term debt -- an exorbitant amount that cost the company over $900 million in interest expenses in 2023. billion to $2.5 Of this total, 9% ($2.4
After trudging through nearly two years of restricted travel during the pandemic, cruise ship operator Carnival Corporation (NYSE: CCL) (NYSE: CUK) just capped off its fiscal 2023 by setting some company records. The company generated 58% and 65% of its revenue from selling cruise tickets in its fiscal 2022 and 2023, respectively.
In 2023, for example, the company's net sales were only up 7% year over year and its diluted EPS dropped modestly -- investors should expect years like that in this business. Here's how a stock buyback plan can benefit shareholders: When a company's earnings stay the same but the number of shares goes down, EPS goes up.
We continued our impressive debt reduction journey in 2024 as well, ending the year with $790 million in holding company debt, down from $4.2 billion at the beginning of 2013 and from $856 million at the end of 2023. Our first priority is to create shareholder value through our approximately 81% ownership stake in Enact.
PubMatic (NASDAQ: PUBM) Q4 2023 Earnings Call Feb 26, 2024 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello, everyone, and welcome to PubMatic's fourth quarter and full year 2023 earnings call. Image source: The Motley Fool. Stacie, over to you.
billion just lying around, but management says that now is the right time to take on debt to reward shareholders. In 2023, the company achieved more cash than debt for the first time in 40 years -- a point that management made sure to highlight. Coca-Cola Consolidated doesn't have $3.1
Unfortunately, the race to keep up with AT&T and T-Mobile left Verizon with a total debt of $149 billion, and the company has made very little progress in reducing that burden. Addressing the debt problem Unfortunately, that cost hamstrings Verizon with its $149 billion in debt. billion during the same period in 2023.
Through strong same-store sales and unit volume growth, Chipotle has been able to consistently grow revenue and earnings over the last 20 years, rewarding shareholders in the process. million in 2023. The company opened 12 locations in 2023 and wants to grow its unit count by at least 10% per year going forward.
After shutdowns left it without a significant revenue source for over a year, massive debts and a long process of returning to normalcy left its stock without an obvious catalyst. However, debt levels are the one effect of the pandemic that remains visible. 31), the total debt stood at $29.6 Nonetheless, this debt has fallen $1.7
Dividend stocks are Wall Street's unsung hero In 2023, the investment advisors at Hartford Funds released a lengthy report that examined the ins and outs of what makes dividend stocks so great. This makes PennantPark Floating Rate Capital a debt-focused BDC. This makes PennantPark Floating Rate Capital a debt-focused BDC.
It began investing in Norwegian by buying more than 73,700 shares in Q2 2023. Also, interest will continue to be an ongoing problem due to Norwegian's $14 billion in total debt. Most of that debt came from its prolonged shutdown during the pandemic and remains a tremendous burden given its $362 million in shareholders' equity.
The Verizon dividend Verizon shareholders are receiving payouts of $2.66 In 2023, Verizon's nearly $19 billion in free cash flow was more than enough to cover its $11 billion in total dividend outlays. The problem may come with what that dividend precludes -- paying down Verizon's massive debt. per share yearly.
per-share hit in 2023 because of the impact of higher interest rates. That's because a quarter of its debt has a floating rate, meaning the interest expenses on this debt rise and fall with rates. The interest expenses on the company's floating rate debt should fall over the next year, which will save it money.
Nonetheless, the next five years will likely see it growing faster than the last five years, and shareholders are apt to benefit. billion in cash, equivalents, and short-term investments, and in 2023 it reported free cash flow (FCF) of nearly $22.1 So, with this information in hand, we can estimate using its 2023 annual revenue of $54.3
In 2023, the cruise line attracted 3.5 Debt management The shutdowns forced Carnival (and its peers) to accumulate tens of billions in new debt to remain in business and prevented it from earning significant revenue. This led to questions about whether investors would buy a stock burdened with such heavy debt obligations.
I am incredibly excited about this acquisition, which enhances our footprint in some of the most bet-upon sports, including tennis, soccer, and basketball, and will deliver significant value to our clients, partners, and shareholders. The deal, once closed, is expected to be immediately accretive to our business and margins.
Despite achieving substantial debt reduction and strategic advancements, Viatris fell short of analysts' forecasts. Metric Q4 2024 Q4 Estimate Q4 2023 Y/Y Change Adjusted Earnings Per Share $0.54 $0.56 $0.62 -12.9% Viatris made significant strides in reducing its debt by $3.7 Total Revenue (in millions) $3,528 $3,592 $3,837 -8.1%
According to the report's findings, dividend-paying companies delivered an average annual return of 9.17% over a half-century (1973-2023), while being 6% less volatile than the benchmark S&P 500. The REIT has made 646 consecutive monthly dividend payments to its shareholders and increased its distribution in each of the past 106 quarters.
The company reported triple-digit sales growth in the last five quarters, and shares have surged more than sevenfold since January 2023, making it the best-performing stock in the S&P 500 (SNPINDEX: ^GSPC) during that period. So, when the Federal Reserve lowers its benchmark rate, floating-rate debt becomes less expensive.
After hitting all-time highs in early March 2024, the stock is taking a hit this year as Academy Sports has now reported multiple quarters of small year-over-year declines in net sales and comparable sales, failing to match gains set in 2023. million it earned in fiscal 2023. The company decreased its net debt from $291.6
In 2023, the company had to cut prices to maintain sales and hasn't grown the top line since. Debt and cash flow Losses are mounting and investors need to start considering how long Lucid will be able to fund the current level of losses. That may seem like good news, but these new funds are senior to common shareholders.
Dividends compensate patient shareholders for enduring the cyclicality of the oil patch. Operating a massive portfolio of green energy assets, Brookfield Renewable has demonstrated a strong commitment to rewarding shareholders, and its 4.8% The energy and utilities sectors are known for their high yields.
Listeners should be aware that the change in Organigram's year-end effected in fiscal 2023 resulted in fiscal 2023 containing 13 months and Q4 fiscal 2023 containing four months. million in fiscal 2023. Regarding our operating expenses in Q4, we saw a sequential decrease of 11% to $16.9 million in Q4 compared to $3.5
That market was strong following the pandemic all the way through 2023, but it's now experiencing the downturn the PC, smartphone, and data center markets experienced in the 2022-2023 period. billion of acquisition debt. of free cash flow to shareholder returns, raising the company's dividend by 25.7%
It's been a disappointing journey for shareholders of plant-based meat company Beyond Meat (NASDAQ: BYND). Could the outlook for shareholders finally be improving? In the first quarter of 2023, its products had 146,000 points of distribution. Meanwhile, the clock is ticking on its substantial debt load.
This growing chain of Mediterranean restaurants has already proven rewarding to its earliest shareholders -- but there's plenty more upside left to dish out. One of the key reasons the company went public back in 2023, in fact, is to facilitate new store openings. In fact, it's free of any long-term debt. What is Cava all about?
Both companies have a long history of delivering outsized returns for shareholders, but 2024 has been a different story, with each stock down more than 20% year to date. 31 compared to its fiscal Q2 2023. billion net debt. Similar to Nike, Starbucks also faced slowing demand. Overall, Starbucks generated $8.56
Shareholders were looking forward to the creation of a more powerful budget airline. In 2020, 2021, 2022, and 2023, Spirit reported huge operating losses. At the end of Q1, the company carried a massive debt load of $3.3 Moreover, they were all profitable in 2023. Meanwhile, Spirit posted a revenue decline of 6.2%
In 2022 and 2023, the Federal Reserve hiked interest rates 11 times in an effort to stifle abnormally high levels of inflation. BDCs have an unusual corporate structure in that 90% of taxable income is distributed to shareholders on an annual basis. Although inflation still persists, the current level of 2.9% Well, not exactly.
This past weekend, Omaha, Nebraska, was the destination for roughly 40,000 investors to attend Berkshire's annual shareholder meeting. After all, the "Oracle of Omaha," as he's jovially known by the investing community, has delivered a nearly 4,900,000% aggregate return for his company's Class A shareholders (BRK.A)
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