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Recent Articles
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Dividend Increases/Decreases for the Week of March 15
Mar 15, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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Dick’s Sporting Goods Soars, Raises Dividend 10%
Mar 14, 2024
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Image: Dick’s Sporting Goods’ shares have soared since the doldrums of the COVID-19 meltdown.
On March 14, Dividend Growth Newsletter portfolio holding Dick’s Sporting Goods reported better-than-expected top and bottom-line performance for the fourth quarter and issued a solid outlook for fiscal 2024. Shares of Dick’s Sporting Goods have done fantastic since the worst of the COVID-19 meltdown years ago, and the momentum behind its business remains strong, as evidenced by a nice 10% increase in its quarterly dividend. We expect to raise our fair value estimate of Dick’s Sporting Goods upon our next valuation model update, and the company remains a key idea in the Dividend Growth Newsletter portfolio.
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Latest Report Updates
Mar 14, 2024
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Check out the latest report updates on the website.
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Williams-Sonoma Beats in Fourth Quarter, Raises Dividend 26%
Mar 13, 2024
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Image: Williams-Sonoma is facing revenue pressure, but free cash flow trends are robust. Image Source: Williams-Sonoma.
On March 13, Williams-Sonoma surprised the Street to the upside with better-than-expected fourth quarter results, a huge dividend increase, and the launch of an incremental $1 billion in share repurchases. We expect to raise our fair value estimate as a result of the good news. Though the firm’s sales continue to face pressure due to a weakened housing market, its cash-based sources of intrinsic value are robust, and shares yield 1.6% on a forward estimated basis.
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