Musings on Markets

MARCH 5, 2025

I also look at a clear and discernible shift away from dividends to stock buybacks, especially in the US, and examine both good and bad reasons for this shift. Some of that cash will be held back in the company as a cash balance, but the balance can be returned either as dividends or in buybacks.

Dividends 52

Dividends Start-ups Equity Corporate Finance 52

The Guardian M&A

DECEMBER 31, 2023

The Unite union said the dividend paid to the Hong Kong-listed conglomerate of the billionaire Li Ka-shing, which owns Three, revealed that the firm was highly profitable as an independent business and could remain viable without a merger.

Dividends 93

Dividends 93

Benzinga

JUNE 10, 2024

Dividend Boost : Additionally, Noble’s Board of Directors has approved a 25% increase in its quarterly dividend to $0.50 The transaction expected to close by the first quarter of 2025, subject to customary closing conditions. Once the deal is completed, Diamond shareholders will hold approximately 14.5%

Dividends 98

Dividends Equity 98

Harvard Corporate Governance

JUNE 5, 2023

When done right, director-shareholder engagement can pay dividends for both the investor and the company. This post is based on their PwC memorandum. We identify the key steps for directors—and investors—to get the most out of these exchanges.

Dividends 332

Dividends 332

Harvard Corporate Governance

JULY 16, 2023

Prior to the initial rules issued in 1982 that allowed for buybacks, companies largely had to be dependent upon dividends to allocate excess cash.

Dividends 244

Dividends Equity Marketability 244

Law 360 M&A

DECEMBER 21, 2022

Circuit panel summarily refused Tuesday to impose an emergency pause on Albertsons' planned $4 billion dividend to shareholders ahead of its merger with Kroger, dealing one more blow to the attorneys general of D.C., California and Illinois.

Dividends 75

Dividends 75

Law 360 M&A

DECEMBER 16, 2022

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. Circuit not to let the attorneys general of D.C.,

Dividends 75

Dividends 75

Law 360 M&A

DECEMBER 12, 2022

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.

Dividends 73

Dividends 73

Harvard Corporate Governance

AUGUST 3, 2022

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 (..)

Corporate Finance 203

Corporate Finance Finance Dividends Marketability 203

Harvard Corporate Governance

DECEMBER 21, 2023

Once capital is infused, bank managers may have an ex post incentive to avoid making dividend payments on the preferred stock purchased by the government. more…)

Banking 195

Banking Dividends Finance Equity 195

Law 360 M&A

MARCH 7, 2023

on Tuesday announced that it will pay investors a special cash dividend if they approve its proposed $7.3 Canadian machine auctioneer Ritchie Bros. billion merger with online automobile buying company IAA Inc.

Dividends 75

Dividends 75

Auto Dealer Valuation Insights

NOVEMBER 20, 2024

For the unprepared, it is a question that can paralyze any parent: “Mommy, where do dividends come from?” In this week’s post, we attempt to bring some clarity to the question of where dividends come from.

Dividends 52

Dividends 52

Brian DeChesare

MAY 3, 2023

When I started offering financial modeling training , I never expected to get questions about a methodology like the Dividend Discount Model (DDM). Otherwise, the written version follows: Why Use a Dividend Discount Model? The main argument in favor of the DDM is that it best represents what happens in real life when you buy a stock.

Dividends 64

Dividends Terminal Value Enterprise Value Equity 64

Harvard Corporate Governance

MAY 14, 2023

Such actions can pay dividends in social capital—a return on investment that, while not measured in dollars, can be just as valuable. While cost cutting is often the “standard playbook” response in this area, there is value in weighing all the options available to promote economic resiliency. more…)

Dividends 259

Dividends Marketability 259

Auto Dealer Valuation Insights

JUNE 4, 2024

A recent Wall Street Journal article noted that, while the effects of the pandemic have receded from many aspects of American life in mid-2024, investors continue to deal with dividend disruptions. companies that suspended dividend payments during the pandemic, all but 47 have resumed payouts.

Dividends 52

Dividends Marketability Capital Structure 52

Benzinga

OCTOBER 17, 2024

Realty Income Corporation (NYSE: O ), known as "The Monthly Dividend Company," is a Real Estate Investment Trust (REIT) with a unique approach to commercial real estate. Unlike many of its peers, Realty Income focuses exclusively on free-standing properties, securing them under long-term net lease agreements.

Dividends 52

Dividends Marketability 52

Harvard Corporate Governance

MAY 5, 2023

To the contrary, they enable companies to return excess cash to shareholders with greater tax-efficiency than dividends. [2] In some cases, these buyback critics may be correct, but share repurchases are not inherently problematic. The net result is that capital flows to where it can best be used.

Dividends 263

Dividends Firm Value Equity 263

Harvard Corporate Governance

SEPTEMBER 19, 2023

Share buybacks and dividend increases may help to restore a share price depressed by a short attack, but there is a risk that these may be seen as superficial defensive moves that do not address fundamental questions about the business.

Dividends 246

Dividends 246

Auto Dealer Valuation Insights

MARCH 31, 2025

Our multi-generation family business clients ask us about dividend policy more often than any other topic. This isn’t surprising, since returns to family business shareholders come in only two forms: current income from dividends and capital appreciation.

Dividends 52

Dividends 52

Benzinga

OCTOBER 16, 2024

Primo Water (NYSE: PRMW ) announced that its board of directors has approved a special dividend of 82 cents, which reflects an increase of 811% from its quarterly dividend rate of 9 cents. It will be payable on Nov. 21, 2024, to stockholders of record as of Nov.

Dividends 52

Dividends Marketability 52

Harvard Corporate Governance

MARCH 28, 2023

Activists are often successful in meeting their stated objectives: Klein and Zur (2009) find they do so more than half the time (60 percent) by compelling their target to repurchase stock, initiate a cash dividend, grant them board representation, alter strategy, terminate a pending acquisition, or agree to a proposed merger. more…)

Dividends 255

Dividends Marketability 255

Financial Times M&A

JANUARY 10, 2024

Payouts to shareholders including CEO Mathias Döpfner and US firm KKR threaten to heighten tensions with editorial staff

Dividends 108

Dividends 108

Financial Times M&A

SEPTEMBER 13, 2022

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

Dividends 98

Dividends Banking 98

Essentials of Corporate Finance

FEBRUARY 11, 2024

On January 31, 2024, the company announced that it would clash its quarterly dividend from 4.17 With high interest rates, New York City rent control policies, and changing demand for commercial real estate in New York City, investors are concerned about the bank's future performance. 05, a 70 percent cut.

Dividends 52

Dividends Banking 52

Harvard Corporate Governance

AUGUST 19, 2022

Can High ESG Ratings Help Sustain Dividend Growth? Tags: Capital allocation , Dividends , ESG , Firm performance , Growth rates. Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Thursday, August 18, 2022.

Dividends 222

Dividends Equity Marketability 222

Financial Times M&A

JULY 25, 2022

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

Dividends 98

Dividends 98

Harvard Corporate Governance

OCTOBER 27, 2023

While companies put forth various reasons for pursuing share buybacks, it is the argument that frames them as an attractive alternative to dividends for returning capital to shareholders that generates the most contention.

Dividends 162

Dividends Finance Equity 162

Benzinga

AUGUST 16, 2024

Special dividend estimated to be $1.59 per share Payment of special dividend conditioned upon ARCA stockholder approval of the Proposed Merger with Oruka WESTMINSTER, Colo., The Special Dividend, which ARCA estimates will be $1.59 The payment date in respect of the Special Dividend is scheduled for August 28, 2024.

Dividends 49

Dividends 49

Musings on Markets

JANUARY 10, 2025

The Variables The variables that I report industry-average statistics for reflect my interests, and they range the spectrum, with risk, profitability, leverage, and dividend metrics thrown into the mix. Dividends and Potential Dividends (FCFE) 1. Dividend yield & payout 3. Beta & Risk 1. Return on Equity 1.

Risk Premium 120

Risk Premium Dividends Start-ups Corporate Finance 120

Financial Times M&A

JUNE 19, 2024

‘Dividend recapitalisations’ hit record rate as private equity owners take advantage of easy credit conditions

Dividends 106

Dividends Equity 106

Benzinga

AUGUST 1, 2022

Dividend: The board approved a dividend of $0.25 The adjusted operating margin expanded 200 basis points to 43.8%. Adjusted EPS of $2.36 beat the consensus of $2.35. Global Payments held $1.93 billion in cash and equivalents. per share, payable September 30, 2022, to shareholders of record on September 16, 2022.

Dividends 98

Dividends 98

Mckinsey and Company

OCTOBER 21, 2024

Here’s how companies can benefit from the data dividend and become truly data-driven businesses. Organizations have more data than ever, but scaling it remains a challenge.

Dividends 108

Dividends 108

Machen McChesney

MAY 2, 2023

If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but not dividend payments.

Dividends 98

Dividends 98

Benzinga

MAY 14, 2025

The agreement includes a payment of 650 pence per share and a final dividend of 11 pence per share, payable in late June. The Texas-based pawnshop operator announced on Wednesday it will purchase all outstanding H&T shares through its U.K. subsidiary, Chess Bidco Limited, in an all-cash deal valued at approximately $394 million.

Dividends 52

Dividends Marketability 52

Harvard Corporate Governance

NOVEMBER 15, 2022

stock splits, stock dividends, etc.). . – Excludes “out of period” adjustments (corrections of immaterial errors recorded in the current period). – Excludes revisions due to internal reorganizations impacting reportable segment disclosures or changes in capital structure (e.g., more…).

Capital Structure 203

Capital Structure Dividends 203

Benzinga

AUGUST 23, 2024

("Icon" or the "Company") (NASDAQ: ICON ), an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes, today announces: a cash dividend of $0.08 The cash dividend will be paid on or around September 30, 2024, to all of our common shareholders of record as of September 15, 2024.

Dividends 45

Dividends Finance 45

National Law Review M&A

AUGUST 12, 2022

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

Dividends 91

Dividends Appraisal 91