EasyResearch Weekly Dividends Update

Earnings week has started, and JPMorgan Chase, Wells Fargo, and Citigroup will report quarterly earnings during a period when investors seek stability in major U.S. banks.

Analysts have raised earnings estimates for these banks. JPMorgan, which recently hit all-time highs, is expected to earn $4.13 per share on $41.9 billion in revenue. Wells Fargo's earnings are projected at $1.28 per share on $20.23 billion in revenue, while Citigroup is expected to earn $1.41 per share on $20.09 billion in revenue.

A beat in estimates could potentially lead to a stock rally, while reporting lower earnings than estimates could result in a decline in share price. Higher earnings could mean higher dividend payouts and increased share buyback spending.  Additionally, it’s worth noting that Goldman Sachs, Bank of America, and Morgan Stanley will report next week.

Now, for this week, when it comes to companies with upcoming dividend payouts:

• PPC Limited is expected to pay dividends after paying the last cash dividend in 2016. Shares of PPC are up 39% in the past year but are still below the 2016 share price range.
• Zeda Limited (owner of Avis) will be paying its first dividend since listing, and its stock is up 34% in the past year.
• CuriosityStream Inc. is expected to pay its second dividend and is expected to pay the same dividend annually, reflecting an annual dividend yield of 8% as of writing. Shares are up 27% in the past 12 months.
• Salesforce Inc. will also be paying its second dividend. With an annual yield lower than 1%, Salesforce’s stock price is up 25% in the past year.

Importantly, past performance does not guarentee future performance. 

There are a number of ETFs (exchange-traded funds) that have upcoming last dates to trade; this includes actively managed funds.

The Prescient Income Provider Feeder Actively Managed ETF aims to deliver consistent income by investing in a diversified mix of income-generating assets (like bonds and property shares). It is one of the actively managed funds that pay dividends monthly and is available in the tax-free savings account on EasyEquities.

South Africa 

Safari Investments RSA Limited will be paying R0.31 per share. 

• Last trading date – 09 July 2024
• Payment date – 15 July 2024

African Media Entertainment Limited will be paying R3.50 per share. 

• Last trading date – 09 July 2024
• Payment date – 15 July 2024

Zeda Limited will be paying R0.50 per share. 

• Last trading date – 09 July 2024
• Payment date – 15 July 2024

Vunani Limited will be paying R0.09 per share. 

• Last trading date – 09 July 2024
• Payment date – 15 July 2024

PPC Limited will be paying R0.13 per share. 

• Last trading date – 09 July 2024
• Payment date – 15 July 2024

Australia 

Westgold Resources Limited will be paying AU$0.01 per share.

• Last trading date - 10 July 2024
• Payment date - 11 October 2024

American

Mastercard Inc will be paying $0.66 per share.

• Last trading date - 08 July 2024
• Payment date - 09 August 2024
  

New York Times Co will be paying $0.13 per share.

• Last trading date - 08 July 2024
• Payment date - 25 July 2024
  

Salesforce Inc will be paying $0.40 per share.

• Last trading date - 08 July 2024
• Payment date - 25 July 2024
  

AT&T Inc will be paying $0.27 per share.

• Last trading date - 09 July 2024
• Payment date - 01 August 2024
  

Intuit Inc will be paying $0.90 per share.

• Last trading date - 09 July 2024
• Payment date - 18 July 2024
  

General Mills Inc will be paying $0.60 per share.

• Last trading date - 09 July 2024
• Payment date - 01 August 2024
  

Verizon Communications Inc will be paying $0.66 per share.

• Last trading date - 09 July 2024
• Payment date - 01 August 2024
  

Oracle Corp will be paying $0.40 per share.

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

Accenture Plc will be paying $1.29 per share.

• Last trading date - 10 July 2024
• Payment date - 15 August 2024
  

GE Aerospace will be paying $0.28 per share.

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

CuriosityStream Inc will be paying $0.02 per share.

• Last trading date - 11 July 2024
• Payment date - 31 July 2024
  

Marvell Technology Inc will be paying $0.06 per share.

• Last trading date - 11 July 2024
• Payment date - 31 July 2024
  

AbbVie Inc will be paying $1.55 per share.

• Last trading date - 12 July 2024
• Payment date - 15 August 2024
  

Abbott Laboratories will be paying $0.55 per share.

• Last trading date - 12 July 2024
• Payment date - 15 August 2024
  

Freeport-McMoRan Inc will be paying $0.15 ($0.075 Base and $0.075 Variable) per share.

• Last trading date - 12 July 2024
• Payment date - 01 August 2024
  

Zoetis Inc will be paying $0.43 per share.

• Last trading date - 17 July 2024
• Payment date - 04 September 2024
  
  

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