Lennar and a Trio of Financial Firms Give Raises to Their Quarterly Dividends

- Advertisement -


Companion financial app on smartphone

- Advertisement -

Gabby Jones / Businesshala

- Advertisement -

Home builder Lenar and a trio of financial firms – BlackRock,

Allied Financial,
And Jefferies Financial Group—all announced last week—increased dividends.

- Advertisement -

Lenar (ticker: LEN) said Planning to boost its quarterly disbursements 37.5 cents per share, up 50% from 25 cents. The stock, which returns 0.9%, has a one-year return of about 42%, which includes dividends, compared to about 26% for the S&P 500.

BlackRock (BLK), the world’s largest asset manager, said on Friday it would increase its quarterly dividend by 18% to $4.88 per share. This stock, giving a 1.9% return, has a one-year return of 17%.

Ally Financial (ALLY) announced quarterly payouts of 30 cents per share. That’s a 20% increase from 25 cents per share. A stock giving a one-year return of 38% gives a 2.3% return.

The company also said that its board Is authorized to buy back up to $2 billion of stock Till the end of this year. The company’s market capitalization was recently around $19 billion.

Jefferies Financial Group (JEF) also said it plans to 20% increase in its dividend 30 cents per share. The one-year return of this stock giving 3.2% return is 45%.

However, the stock was down nearly 9% after the company released its fourth-quarter earnings results on Wednesday. The bank said that “combined capital markets and other net revenue of $438 million was down 30% from the prior quarter, primarily due to challenging market conditions for the fixed income business.”

Write to Lawrence C. Strauss at [email protected]

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox