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Can High ESG Ratings Help Sustain Dividend Growth?

Harvard Corporate Governance

One possible source of returns in this environment could be dividends, particularly from those companies able to grow their dividends despite the prevailing macroeconomic headwinds. Companies with dividend growth that keeps pace with inflation could potentially be favored by investors.

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Dividends, Shareholder Signals & Present Value

Auto Dealer Valuation Insights

One early finding is that investors clearly distinguished between companies that pay dividends and those that don’t. Across the size spectrum, investors favored dividend-paying stocks in 2022, as illustrated in Table 1.

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The Effect of Board Independence on Dividend Payouts

Reynolds Holding

In a new paper, we use agency theory to explore the effect of board independence on dividend policy. Dividends serve as a governance mechanism to mitigate agency conflicts, reducing free cash flows, which managers may exploit for personal gain rather than using them to maximize shareholder wealth. In addition, dividends subject corporations to more regular monitoring by the capital markets, as the payment of dividends raises the likelihood that equity must be issued more frequently.

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IRS Finds Disguised Non-Deductible Dividends

Accounting Web

Business Tax IRS Finds Disguised Non-Deductible Dividends

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Washington State AG Seeks To Block Albertsons' $4B Dividend Payout

Benzinga

Albertsons Companies Inc (NYSE: ACI ) had a lawsuit filed against it by Washington State Attorney General Bob Ferguson to stop the grocery chain from paying shareholder dividends.

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Is Your Corporation Eligible for the Dividends-Received Deduction?

Machen McChesney

There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed to reduce or eliminate an extra level of tax on dividends received by a corporation.

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Is Your Corporation Eligible for the Dividends-Received Deduction?

Machen McChesney

There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed to reduce or eliminate an extra level of tax on dividends received by a corporation.

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Albertsons Says AGs Want To Replace Its Dividend Judgment

Law 360 M&A

California and Illinois "substitute their judgment" in place of the companies' boards' and block Albertsons from paying a $4 billion dividend to shareholders ahead of its merger with its supermarket rival Kroger and Albertsons urged the D.C. Circuit not to let the attorneys general of D.C.,

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AGs Want Stay Of Albertsons Dividend Injunction Denial

Law 360 M&A

federal judge on Monday refused to prevent Albertsons from paying a $4 billion dividend that attorneys general from the District of Columbia, California and Illinois say will have an anti-competitive effect ahead of the grocery chain's merger with Kroger — and the states immediately asked to stay the ruling while they appeal A D.C.

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Tech Co. Wants Suit Over $500M Dividend Pause Thrown Out

Law 360 M&A

told a Delaware vice chancellor Thursday that liability protections in Maxim Integrated Products' bylaws shield directors from a suit claiming they failed to pursue $500 million in dividends held back from the deal price for an evaporated tax risk in a $21 billion merger with ADI in 2021 An attorney for Analog Devices Inc.

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UBS to lift dividend and beat share buyback target

Financial Times M&A

Swiss bank to lift shareholder returns days after pulling out of deal to buy fintech Wealthfront

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Deja Vu #11: Can Restricted Stock Studies Be Used to Estimate DLOMs for Dividend-Paying Companies?

Chris Mercer

This eleventh post in the Deja Vu series involving restricted stock studies addresses an issue that is rarely mentioned in the context of the studies – of the impact of dividends on restricted stock discounts (RSDs). for non-dividend payers. million for non-dividend payers.

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Eutelsat to suspend dividend as it strikes deal with OneWeb

Financial Times M&A

French and UK satellite operators combine in an effort to take on space billionaires Elon Musk and Jeff Bezos

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Is Radiant Opto-Electronics an Undervalued Dividend Play?

Andrew Stolz

Massive dividend yield secured by strong cash generation. Cash machine ensures consistent massive dividend yield. It consistently delivered strong FCFF that were more than sufficient to cover high dividends. The FCF yield shows ROEC’s dividend-paying potential.

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Fifth Third Completes Acquisition of Dividend Finance, Leading Lender in High Growth Solar, Sustainable Solutions

Business Wire M&A

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB) today announced it has closed on the acquisition of Dividend Finance, a leading fintech point-of-sale (POS) lender, providing financing solutions for residential renewable energy and sustainability-focused home improvement.

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Albertsons Asks Wash. Justices To Forgo Blocking Dividend

Law 360 M&A

Albertsons on Monday sought to persuade Washington's Supreme Court to reject the state's emergency bid to block the grocery chain's $4 billion shareholder dividend ahead of its merger with Kroger, arguing that the relief the state seeks was "unprecedented" and without legal basis

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Harbor Capital Advisors Launches Dividend Growth Leaders ETF

Business Wire M&A

Harbor”), today launched the Harbor Dividend Growth Leaders ETF (GDIV), adding to its lineup of active, fully transparent ETFs. The Westfield Capital Dividend Growth Fund assets have been acquired by Harbor and merged into the newly established active ETF.

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Albertsons Companies Issues Statement Regarding the Temporary Restraint of its Special Dividend Payment as a Result of Washington State Court’s Temporary Restraining Order

Business Wire M&A

per common share Special Dividend (the “Special Dividend”), originally scheduled to be paid on November 7, 2022. BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) (“Albertsons Cos.”

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Albertsons Cos. Issues Statement Regarding U.S. District Court for District of Columbia’s Ruling to Deny Request by California, Illinois and District of Columbia Attorneys General for Temporary Restraining Order Against its Special Dividend Payment

Business Wire M&A

per common share Special Dividend (the “Special Dividend”), originally scheduled to be paid on November 7, 2022. BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) (“Albertsons Cos.” or “the Company”) today announced that the U.S.

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Intertape Polymer Group Announces Receipt of the Investment Canada Approval, Intended Closing Date of Arrangement and Dividend Payment Date

Benzinga

Pursuant to the terms of the agreement in respect of the Arrangement, the quarterly dividend of US$0.17 per share announced on May 11, 2022 will be paid immediately prior to the closing of the Arrangement on June 28, 2022, subject to the satisfaction of customary closing conditions, and the payment date of the dividend has been changed to such date. The dividend record date of June 15, 2022 remains unchanged. M&A News TSX:ITP Dividends Press Releases

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Stock Buyback Tax Raises Questions as to Application and Practical Effect

Harvard Corporate Governance

The Buyback Tax does not apply to stock repurchases (i) that are part of a tax-free reorganization in which the redeemed shareholder does not recognize gain or loss, (ii) where the redeemed stock (or stock of an equal value) is contributed to an employer-sponsored retirement plan, employee stock ownership plan, or a similar plan, (iii) effected by a real estate investment trust (REIT) or regulated investment company (RIC), or (iv) to the extent treated as dividends for tax purposes.

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Share Repurchases on Trial: Large-Sample Evidence on Market Outcomes, Executive Compensation, and Corporate Finances

Harvard Corporate Governance

There are several reasons why corporations might prefer using share repurchases instead of or in addition to dividends, including (i) maintaining flexibility in determining the amount of cash returned to shareholders, (ii) an ability to award repurchased shares to employees as equity compensation, (iii) a modest tax advantage to shareholders (that became less pronounced after the 2003 dividend tax cut), and (iv) the ability to send a credible signal of the firm’s (good) prospects.

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Falcon Minerals Corporation Reports First Quarter 2022 Production and Declares Quarterly Dividend Increase of 24%

Business Wire M&A

HOUSTON--(BUSINESS WIRE)--Falcon Minerals Corporation (“Falcon,” or the “Company,” “we,” “our,”) (NASDAQ: FLMN, FLMNW), a leading oil and gas minerals company, today announces the first quarter 2022 production and declares its first quarter 2022 dividend. First quarter 2022 dividend of $0.18

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Watch Out! This Activist Investor May Put Pressure On These 3 High-Yielding Stocks

Benzinga

Read on to learn more about three dividend stocks — Trian's most held positions. Trian Partners was founded in 2005 by activist investor Nelson Peltz , who has a history of buying up shares, securing board seats and orchestrating M&A deals. With $8.5

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Delaware Supreme Court Holds Novel Pre-Closing Dividend Transaction Structure Does Not Thwart Appraisal Remedy

National Law Review M&A

Kristin P. Housh Eugene Choi Jurisdiction: Delaware Type of Law: Mergers & Acquisitions Litigation / Trial Practice Special highlight

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Here's Why Global Payments Shares Are Trading Higher Premarket

Benzinga

Dividend: The board approved a dividend of $0.25 Global Payments Inc (NYSE: GPN ) reported second-quarter FY22 adjusted net revenue growth of 6% year-on-year to $2.06 billion, missing the consensus of $2.07 billion. The adjusted operating margin expanded 200 basis points to 43.8%.

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Albertsons Companies Issues Statement Regarding the Denial of a Request for Preliminary Injunction by the Attorney General of the State of Washington and Extension of the Temporary Restraining Order on its Special Dividend Payment

Business Wire M&A

per common share Special Dividend (the “Special Dividend”) originally scheduled to be paid on November 7, 2022, to stockholders of record as of the close of business on October 24, 2022. BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) (“Albertsons Cos.” or “the Company”) today announced that the Washington State Court has denied the request for a preliminary injunction by the Attorney General of the State of Washington against the previously announced $6.85

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REITs: Healthcare Or Office? One Performs Better In A Recession (Both Tout Yields Over 5%)

Benzinga

S&P Global reported that healthcare REITs have a five-year average dividend yield of 5.2%, while office REITs hold an average dividend yield of 2.9%. From data gathered on Sept.

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Antitrust: State AGs Mount Sherman Act Challenge to Albertsons’ Special Dividend

John Jenkins

I’ve previously blogged about how the Kroger & Albertsons’s merger agreement dealt with the potentially significant antitrust issues associated with their deal, but I’m not sure that they anticipated the kind of legal challenge that a group of State AGs launched yesterday. In a complaint filed in DC federal court, the AGs of California, Illinois […

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Multiple Bidders, Key Executives Departure, Mixed Q1 Earnings - Lots Going On With Kohl's

Benzinga

Briefs Earnings GS KSS M&A News Guidance Dividends General GS US38141G1040 KSS US5002551043 News M&A Earnings Guidance Dividends General BenzingaKohl's Corp (NYSE: KSS ) reported a first-quarter FY22 sales decline of 4.4% year-on-year to $3.71 billion, beating the consensus of $3.68

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Attorneys General Sue to Stop Dividend Tied to Kroger-Albertsons Deal

NYT M&A

The suit could portend other regulatory battles to come as the supermarket chains look to close their nearly $25 billion merger.

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Sesen Bio and Carisma Therapeutics Announce Substantial Increase to Expected Special Cash Dividend in Connection with Pending Merger

Business Wire M&A

CAMBRIDGE, Mass. PHILADELPHIA--(BUSINESS WIRE)--Sesen Bio, Inc. Nasdaq: SESN) and Carisma Therapeutics Inc.

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A dividend paid in years: Getting more health from each dollar of wealth

McKinsey Public & Social Sector Insights

Higher income per capita is correlated with longer lifespans, but about half of the significant improvement in life expectancy globally over 20 years is explained by health innovation effects—better health for the same amount of income. Our Research

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Complete Exit For Exxon From Russia, Microsoft's Layoffs, Another Setback For Boeing's Potential 737 MAX 7 Approval, Visa & Mastercard Under FTC Probe: Top Stories Tuesday, Oct. 18

Benzinga

Reuters. Exxon Exits Russia Completely After Putin Seizes Company's Properties. Exxon Mobil Corp (NYSE: XOM ) reportedly has made a complete exit from Russia after President Vladimir Putin expropriated its properties.

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Exchange Income Corporation Announces Largest Acquisition to Date, Record First Quarter Results and Dividend Increase

Business Wire M&A

WINNIPEG, Manitoba--(BUSINESS WIRE)--Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) a diversified, acquisition-oriented company focused on opportunities in the aviation, aerospace and manufacturing sectors, reported its financial results for the three-months ending March 31, 2022. All amounts are in Canadian currency.

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Leidos Beats On Q2; Strengthens Australian Portfolio

Benzinga

Briefs Earnings LDOS M&A News Guidance Dividends Tech LDOS News M&A Earnings Guidance Dividends Tech BenzingaLeidos Holdings, Inc (NYSE: LDOS ) reported second-quarter FY22 revenue growth of 4% year-on-year to $3.60 billion, beating the consensus of $3.52 billion.

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Lear In Acquisition Spree - Buys Seat Climate Control Provider IGB

Benzinga

Briefs LEA M&A News Dividends Buybacks General LEA US5218652049 News M&A Dividends Buybacks General BenzingaLear Corporation (NYSE: LEA ) has agreed to acquire I.G.

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Why Monro Shares Are Sliding Today

Benzinga

Briefs Earnings M&A MNRO News why it's moving Dividends Buybacks Small Cap Movers Trading Ideas MNRO US6102361010 News M&A Earnings Dividends Buybacks Small Cap Movers Trading Ideas BenzingaMonro Inc (NASDAQ: MNRO ) reported fourth-quarter FY22 sales growth of 7.4%

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Double Down or Cash Out: The Reinvestment or Distribution Decision

Auto Dealer Valuation Insights

Dividend Policy Family Business Director Planning & Strategy Shareholder EngagementI recently got back from the AICPA’s Forensic and Valuation Services conference in Las Vegas.

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The First Bancshares, Inc. Reports Results for First Quarter ended June 30, 2022; Increases Quarterly Dividend 6%

Business Wire M&A

HATTIESBURG, Miss.--(BUSINESS BUSINESS WIRE)--The First Bancshares, Inc. FBMS” or “the Company”) (NASDAQ: FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today net income available to common shareholders for the quarter ended June 30, 2022.

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PS Business Parks, Inc. Announces Anticipated Closing Date of Pending Transaction; Declares Dividends in Connection with Pending Transaction

Business Wire M&A

GLENDALE, Calif.--(BUSINESS BUSINESS WIRE)--PS Business Parks, Inc.

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Inovalis REIT Strengthens French Presence with Acquisition of Ninth Property in the Greater Paris Region, Reinstates Dividend Reinvestment Plan

Business Wire M&A

TORONTO--(BUSINESS WIRE)--Inovalis Real Estate Investment Trust (TSX: INO.UN) ("Inovalis REIT") today announced it has completed the purchase of the “Gaïa” office property in Nanterre, a suburb of Paris which is in the immediate vicinity of the La Défense district.

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District Court Denies Request to Enjoin Acquisition of Change Healthcare Inc. by UnitedHealth Group Incorporated: Change Healthcare Inc: Announces Special Cash Dividend

Business Wire M&A

NASHVILLE, Tenn.--(BUSINESS BUSINESS WIRE)--Yesterday, the U.S. District Court for the District of Columbia issued an opinion and final appealable order denying the request made by the U.S.