© Reuters 
By Davit Kirakosyan
Investing.com -- Here is your day-to-day Pro Recap of the most gripping dividend headlines you would also possess overlooked on InvestingPro since Friday. Originate up your free 7-day trial to opt up this knowledge first.
Occidental Petroleum hikes dividend, misses Q4 estimates
Occidental Petroleum (NYSE:OXY) hiked its dividend by 38% to $0.18 per allotment, or $0.72 annualized, for an annual yield of 1.2%. The dividend will most doubtless be payable on April 17, 2023, to stockholders of story on March 10, 2023, with an ex-dividend date of March 9, 2023.
The firm reported its Q4 results the day earlier than on the present time, missing every EPS and revenue estimates. The firm also introduced it can well per chance commence a brand unusual $3 billion allotment repurchase program, having accomplished a outdated $3B program.
Closing week, Evercore ISI downgraded the firm to Underperform from In line and reduce its designate blueprint to $60.00 from $74.00.
RLJ Lodging hikes dividend, Q4 FFO extra than doubles
RLJ Lodging Belief (NYSE:RLJ) hiked its dividend by 60% to $0.08 per allotment, or $0.32 annualized, for an annual yield of 2.8%. The dividend will most doubtless be payable on April 17, 2023, to stockholders of story on March 31, 2023, with an ex-dividend date of March 30, 2023.
The firm reported its Q4 results the day earlier than on the present time, with FFO (funds from operations) coming in at $0.33, extra than double from remaining year’s $0.14. Earnings modified into $302.2 million, a shrimp bit under the consensus estimate of $304.6M.
3 extra hikes
Northrim BanCorp (NASDAQ:NRIM) hiked its dividend by 20% to $0.60 per allotment, or $2.4 annualized, for an annual yield of 4.6%. The dividend will most doubtless be payable on March 17, 2023, to stockholders of story on March 9, 2023, with an ex-dividend date of March 8, 2023.
Steel Dynamics (NASDAQ:STLD) shares rose extra than 2% the day earlier than on the present time after the firm hiked its dividend by 25% to $0.425 per allotment, or $1.7 annualized, for an annual yield of 1.4%. The dividend will most doubtless be payable on April 14, 2023, to stockholders of story on March 31, 2023, with an ex-dividend date of March 30, 2023.
HF Sinclair (NYSE:DINO) hiked its dividend by 12.5% to $0.Forty five per allotment, or $1.8 annualized, for an annual yield of 3.4%. The dividend will most doubtless be payable on March 17, 2023, to stockholders of story on March 7, 2023, with an ex-dividend date of March 6, 2023.
