5 Big Dividends and Buybacks This Week: AutoZone, Rayonier By Investing.com


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Investing.com – Here’s your professional recap of the biggest dividend increases, special dividends and share buyback announcements you may have missed this week.

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AutoZone Announces New $2 Billion Share Buyback

AutoZone (NYSE: ) said its board of directors has approved an additional $2.0 billion to repurchase the company’s common stock as part of its ongoing share repurchase program.

Since the program’s inception in 1998, the board has now approved a total of $37.7 billion in share repurchases.

Rayonier declares a special dividend

Rayonier (NYSE: ) declared a special dividend of $0.20 per share for an annual yield of 0.6%.

The dividend will be payable on January 12, 2024 to shareholders with a record date of December 29, 2023, with an ex-dividend date of December 28, 2023.

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Three dividend increases

WEC Energy Group (NYSE: ) increased its quarterly dividend by 7.1% to $0.835 per share, or $3.34 annually, for an annual yield of 4%. The dividend will be payable on March 1, 2024 to shareholders with a record date of February 14, 2024, with an ex-dividend date of February 13, 2024.

Fulton Financial (NASDAQ: ) increased its quarterly dividend by 6.3% to $0.17 per share, or $0.68 annualized, for an annualized yield of 4.1%. The dividend will be payable on January 12, 2024 to shareholders with a record date of January 2, 2024, with an ex-dividend date of December 29, 2023.

ServisFirst Bancshares (NYSE: ) raised its quarterly dividend by 7.1% to $0.30 per share, or $1.2 annually, for an annualized yield of 1.8%. The dividend will be payable on 8 January 2024 to shareholders with a record date of 2 January 2024 with an ex-dividend date of 29 December 2023.

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