|
|
Recent Articles
-
Dividend Increases/Decreases for the Week of March 14
Mar 14, 2025
-
Let's take a look at firms raising/lowering their dividends this week.
-
Dick’s Sporting Goods Raises Quarterly Payout
Mar 11, 2025
-
Image Source: TradingView.
Dick’s Sporting Goods continues to be shareholder friendly, with the board authorizing a 10% increase in its quarterly dividend, to $4.85 on an annualized basis, and a new five-year share repurchase program up to $3 billion. Looking to 2025, Dick’s Sporting Goods expects full year comparable sales growth to be in the range of 1%-3%, net sales to be in the range of $13.6-$13.9 billion, and earnings per diluted share in the range of $13.80-$14.40, the latter compared to $14.05 in full year 2024. The company expects to open roughly 16 additional House of Sport locations and about 18 additional Dick’s Field House locations in 2025. Dick’s Sporting Goods ended its fiscal year with $1.69 billion in cash and cash equivalents and total debt of $1.48 billion. We continue to like Dick’s Sporting Goods as an idea in the Dividend Growth Newsletter portfolio.
-
Oracle Raises Dividend 25%
Mar 10, 2025
-
Image Source: TradingView.
Oracle reported third quarter fiscal 2025 results March 10 that missed the consensus estimates, but a strong Remaining Performance Obligation number and a dividend raise were enough for investors. Total revenue increased 6% in USD and 8% in constant currency for the fiscal third quarter. GAAP earnings per share advanced 20% year-over-year, while non-GAAP earnings per share increased 4%, to $1.47. Total Remaining Performance Obligations jumped 62% in USD (up 63% in constant currency), to $130 billion.
-
Broadcom Remains a Free Cash Flow Cow
Mar 9, 2025
-
Image: Broadcom’s shares have done quite well since the beginning of 2023.
Broadcom’s cash from operations was $6.1 billion for the first quarter, less capital expenditures of $100 million, resulting in free cash flow of $6 billion, or 40% of revenue. Looking to the second quarter of fiscal 2025, management expects revenue of approximately $14.9 billion, above the $14.59 billion consensus estimate, and second quarter adjusted EBITDA to be 66% of projected revenue. Broadcom ended the quarter with $9.3 billion in cash and cash equivalents and short-and long-term debt of $66.6 billion. Though its balance sheet is saddled with an outsized debt load, it remains a free cash flow cow.
|
