EasyEquities Blog

EasyResearch Weekly Dividends Update

Written by Cay-Low Mbedzi | Jun 24, 2024 8:15:00 AM

This week is packed with events that could bring great opportunities for investors!

The US bank stress test results will be announced. This test evaluates a bank's financial resilience under adverse economic conditions like recession, market volatility, or declining asset quality. Last year, Wells Fargo, Goldman Sachs, Morgan Stanley, JP Morgan, and Citigroup participated in the bank stress test and subsequently announced increased dividends after the results:

  • Morgan Stanley’s shares have risen 13% in the past year, and its quarterly dividend increased by nearly 10%. It has a history of increasing its quarterly dividends annually.
  • Citigroup (shares up by 28% in the past 12 months) announced an increased payout of nearly 4% after the test. It is likely to increase the upcoming dividend in August after the upcoming bank stress test results.
  • JP Morgan shares are up 40%. After the bank test results, the company announced an increased quarterly dividend of 5% and subsequently increased its quarterly dividend by nearly 10% earlier this year.
  • Goldman Sachs shares are also up by 40% in the past 12 months, and its quarterly dividend increased by 10% after the test.
  • Wells Fargo & Co shares are up 41%, and its quarterly dividend increased by nearly 17% after the bank stress test.

These financial giants will participate in this year's stress test and could possibly announce an adjustment to their cash dividends based on the bank stress test results and their capital requirements.

When it comes to new listings and shares that will be available on EasyEquities:

Rainbow Chicken will be listing later this week. The last date to buy RCL Foods shares that qualify for the distribution of these shares is within the week. Cilo Cybin, the first JSE cannabis company, will list on JSE's AltX as a SPAC this week and aims to grow through biotech and medical cannabis acquisitions.

On Friday, the US broad market index fell slightly, with the S&P 500 index and NASDAQ closing in the red while the Dow Jones Industrial Average edged higher.

  • Nike was among the stocks that performed well on Friday. This week, the stock will report its quarterly earnings—the share price is currently trading at a value close to the price after the previous earnings were reported. Despite Nike previously surpassing market earnings expectations, the stock fell shortly after the earnings report due to its outlook, which spooked investors.
  • Micron Technology, one of the S&P 500 stocks that declined on Friday alongside NVIDIA, will also release its quarterly results. The leading semiconductor firm recently signed an agreement to boost America’s memory semiconductor production—shares are up almost 70%, and it previously beat market expectations by over 160%!

Nike is expected to maintain its quarterly dividend, continuing its tradition of annual increases. Meanwhile, Micron Technology has consistently maintained its dividend payout unchanged since mid-2022.

This week's dividend update includes companies about to pay dividends, with some stocks offering an annual dividend yield as high as 14%:

  • EPR Properties offers an annual yield of 8% as of writing.
  • Orion Office REIT Inc. and Annaly Capital Management Inc. have annual dividend yields of 11% and 13%, respectively. Both pay dividends quarterly.
  • AGNC Investment Corp has a 14% annual yield and pays dividends monthly.

 

South Africa 

British American Tobacco PLC will be paying R13.74 per share. 

  • Last trading date – 25 June 2024
  • Payment date – 02 August 2024

Clicks Group Limited will be paying R2.10 per share. 

  • Last trading date – 25 June 2024
  • Payment date – 01 July 2024

Emira Property Fund Limited will be paying R0.55 per share. 

  • Last trading date – 25 June 2024
  • Payment date – 01 July 2024

Sirius Real Estate Limited will be paying R0.61 per share. 

  • Last trading date – 25 June 2024
  • Payment date – 25 July 2024

Capital Appreciation Limited will be paying R0.05 per share. 

  • Last trading date – 25 June 2024
  • Payment date – 01 July 2024

Vukile Property Fund Limited will be paying R0.72 per share. 

  • Last trading date – 25 June 2024
  • Payment date – 01 July 2024

Sygnia Limited will be paying R0.90 per share. 

  • Last trading date – 25 June 2024
  • Payment date – 01 July 2024

Oceana Group Limited will be paying R1.95 per share. 

  • Last trading date – 25 June 2024
  • Payment date – 01 July 2024

 

United Kingdom

B&M European Value Retail SA. will be paying £0.09 per share.

  • Last trading date - 26 June 2024
  • Payment date - 02 August 2024

Burberry Group PLC will be paying £0.47 per share.

  • Last trading date - 26 June 2024
  • Payment date - 02 August 2024

British American Tobacco PLC will be paying £0.58 per share.

  • Last trading date - 26 June 2024
  • Payment date - 02 August 2024

Berkeley Group Holdings PLC (The) will be paying £0.33 per share.

  • Last trading date - 26 June 2024
  • Payment date - 26 July 2024

Next PLC will be paying £1.41 per share.

  • Last trading date - 03 July 2024
  • Payment date - 01 August 2024

 

Australia 

Fisher & Paykel Healthcare Corporation Ltd will be paying NZ$0.31 (NZ$0.27 ordinary and NZ$0.04 supplementary dividend) per share.

  • Last trading date - 25 June 2024
  • Payment date - 10 July 2024

HomeCo Daily Needs REIT will be paying AU$0.02 per share.

  • Last trading date - 26 June 2024
  • Payment date - 22 August 2024

Rural Funds Group will be paying AU$0.02 per share.

  • Last trading date - 26 June 2024
  • Payment date - 31 July 2024

Hotel Property Investments will be paying  AU$0.09 per share.

  • Last trading date - 26 June 2024
  • Payment date - 06 September 2024

Mirvac Group will be paying AU$0.06 per share.

  • Last trading date - 26 June 2024
  • Payment date - 29 August 2024

Transurban Group will be paying AU$0.32 per share.

  • Last trading date - 26 June 2024
  • Payment date - 13 August 2024

Centuria Industrial REIT will be paying AU$0.04 per share.

  • Last trading date - 26 June 2024
  • Payment date - 07 August 2024

Centuria Capital Group will be paying AU$0.05 per share.

  • Last trading date - 26 June 2024
  • Payment date - 22 August 2024

Region Group will be paying AU$0.07 per share.

  • Last trading date - 26 June 2024
  • Payment date - 30 August 2024

Dexus will be paying  AU$0.21 per share.

  • Last trading date - 26 June 2024
  • Payment date - 29 August 2024

Arena REIT will be paying AU$0.04 per share.

  • Last trading date - 26 June 2024
  • Payment date - 08 August 2024

Charter Hall Group will be paying AU$0.23 per share.

  • Last trading date - 26 June 2024
  • Payment date - 30 August 2024

Virgin Money UK Plc will be paying £0.02 per share.

  • Last trading date - 26 June 2024
  • Payment date - 30 July 2024

Goodman Group will be paying AU$0.15 per share.

  • Last trading date - 26 June 2024
  • Payment date - 26 August 2024

Waypoint REIT Ltd will be paying AU$0.04 per share.

  • Last trading date - 26 June 2024
  • Payment date - 26 August 2024

Charter Hall Long Wale REIT will be paying AU$0.06 per share.

  • Last trading date - 26 June 2024
  • Payment date - 14 August 2024

GDI Property Group will be paying AU$0.02 per share.

  • Last trading date - 26 June 2024
  • Payment date - 30 August 2024

National Storage REIT will be paying AU$0.05 per share.

  • Last trading date - 26 June 2024
  • Payment date - 02 September 2024

Stockland will be paying AU$0.16 per share.

  • Last trading date - 26 June 2024
  • Payment date - 30 August 2024

Growthpoint Properties Australia will be paying AU$0.09 per share.

  • Last trading date - 26 June 2024
  • Payment date - 30 August 2024

GPT Group will be paying AU$0.12 per share.

  • Last trading date - 26 June 2024
  • Payment date - 30 August 2024

Dexus Industria REIT will be paying  AU$0.04 per share.

  • Last trading date - 26 June 2024
  • Payment date - 22 August 2024

Charter Hall Social Infrastructure REIT will be paying AU$0.04 per share.

  • Last trading date - 26 June 2024
  • Payment date - 19 July 2024

Centuria Office REIT will be paying AU$0.03 per share.

  • Last trading date - 26 June 2024
  • Payment date - 16 August 2024

Abacus Group will be paying AU$0.04 per share.

  • Last trading date - 27 June 2024
  • Payment date - 30 August 2024

Abacus Storage King will be paying  AU$0.03 per share.

  • Last trading date - 27 June 2024
  • Payment date - 30 August 2024

Graincorp Limited will be paying AU$0.24 (AU$0.14 ordinary and AU$0.10 special dividend) per share.

  • Last trading date - 02 July 2024
  • Payment date - 18 July 2024

 

American

STMicroelectronics NV will be paying $0.09 per share.

  • Last trading date - 24 June 2024
  • Payment date - 02 July 2024

Zimmer Biomet Holdings Inc will be paying $0.24 per share.

  • Last trading date - 25 June 2024
  • Payment date - 31 July 2024

EPR Properties will be paying $0.28 per share.

  • Last trading date - 27 June 2024
  • Payment date - 15 July 2024

Keurig Dr Pepper Inc will be paying $0.21 per share.

  • Last trading date - 27 June 2024
  • Payment date - 12 July 2024

Annaly Capital Management Inc will be paying $0.65 per share.

  • Last trading date - 27 June 2024
  • Payment date - 31 July 2024

Dentsply Sirona Inc will be paying $0.16 per share.

  • Last trading date - 27 June 2024
  • Payment date - 12 July 2024

Innovative Industrial Properties Inc will be paying $1.90 per share.

  • Last trading date - 27 June 2024
  • Payment date - 15 July 2024

Danaher Corp will be paying $0.27 per share.

  • Last trading date - 27 June 2024
  • Payment date - 26 July 2024

Medtronic Plc will be paying $0.70 per share.

  • Last trading date - 27 June 2024
  • Payment date - 12 July 2024

Orion Office REIT Inc will be paying $0.10 per share.

  • Last trading date - 27 June 2024
  • Payment date - 15 July 2024

Safehold Inc will be paying $0.17 per share.

  • Last trading date - 27 June 2024
  • Payment date - 15 July 2024

Stryker Corp will be paying $0.80 per share.

  • Last trading date - 27 June 2024
  • Payment date - 31 July 2024

Illinois Tool Works Inc will be paying $1.40 per share.

  • Last trading date - 27 June 2024
  • Payment date - 11 July 2024

Mondelez International Inc will be paying $0.42 per share.

  • Last trading date - 27 June 2024
  • Payment date - 12 July 2024

AGNC Investment Corp will be paying $0.12 per share.

  • Last trading date - 27 June 2024
  • Payment date - 10 July 2024

Himax Technologies Inc will be paying $0.29 per share.

  • Last trading date - 27 June 2024
  • Payment date - 12 July 2024

U S Bancorp will be paying $0.49 per share.

  • Last trading date - 27 June 2024
  • Payment date - 15 July 2024

Deere & Co will be paying $1.47 per share.

  • Last trading date - 27 June 2024
  • Payment date - 08 August 2024

Nucor Corp will be paying $ 0.54 per share.

  • Last trading date - 27 June 2024
  • Payment date - 09 August 2024

Stag Industrial Inc will be paying $0.12 per share.

  • Last trading date - 27 June 2024
  • Payment date - 15 July 2024

Ryman Hospitality Properties Inc will be paying $1.10 per share.

  • Last trading date - 27 June 2024
  • Payment date - 15 July 2024

FMC Corp will be paying $0.58 per share.

  • Last trading date - 27 June 2024
  • Payment date - 18 July 2024

Veralto Corporation will be paying $0.09 per share.

  • Last trading date - 27 June 2024
  • Payment date - 31 July 2024

Quanta Services Inc will be paying $0.09 per share.

  • Last trading date - 28 June 2024
  • Payment date - 12 July 2024

Realty Income Corporation will be paying $0.26 per share.

  • Last trading date - 28 June 2024
  • Payment date - 15 July 2024

Air Products & Chemicals Inc will be paying $1.77 per share.

  • Last trading date - 28 June 2024
  • Payment date - 12 August 2024

Pegasystems Inc will be paying $0.03 per share.

  • Last trading date - 28 June 2024
  • Payment date - 15 July 2024

 

 

 

Sources – EasyResearch.

Follow Cay-Low Mbedzi

@caylow_SA

 

 

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