💰 Dividend hikes and cuts (week 46, 2024)
15 increases (Nike, Motorola Solutions, PulteGroup) and 1 big but (Baxter)
During the week of November 11 to 15, 2024, we recorded 16 dividend increases and one dividend cut. Notable companies announcing dividend hikes included Nike (NKE), PulteGroup (PHM), and Motorola Solutions (MSI), while Baxter International (BAX) announced a significant dividend cut.
A total of 5 companies announced a double digit dividend hike: Dividend Hero Griffon, PulteGroup, Spectrum Brands, Motorola Solutions and Aramark.
Motorola Solutions keeps impressing with another double digit dividend hike, marking the 13th consecutive year of increases. The stock has gained 57.4% so far YTD leading all other companies announcing an increase in 2024. Both Nike and Motorola Solutions are Dividend Heroes just like Griffon.
Semiconductor company Amkor did a dividend hike and announced a special dividend.
Last week (week 45 of 2024) we had 25 companies announcing a dividend hike and also one dividend cut.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.