Laser-Focused On Dividends -- September 29, 2022

Usual disclaimers apply.

As promised:

Laser-focused on dividends

• as promised, this is the stand-alone post on dividend news
• companies are going to find out that investors want dividends, not stock buybacks
• Apple: bought a lot of its own stock -- could have paid dividends -- stock plummets 4% in one day
• not sure how stock buybacks helped investors
• and, oh, by the way, it looks like Apple bought high

Two stories:

• Starbucks
• Ferguson

Starbucks:

• raises dividend to 53 cents
• record date: 11/11/22
• pay date: 11/25/22
• was 49 cents;
• four-cent raise was same as four-cent raise a year ago

Ferguson:

• raises dividend to $1.91 (semi-annual)
• ex-div: 10/27/22
• record date: 10/28/22
• pay date: 12/8/22
• current dividend: 84 cents
• one year ago: zero
• hasn't paid a 2H dividend since 2019 -- just before Covid lockdown, March, 2020
• current yield: 1.55%
• P/E: 11

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.