Easy Equities says that this week is a tech week as Nvidia, one of the tech giants leading the AI revolution through its GPUs, is expected to announce its earnings. The company has consistently maintained the same dividend payment (annual dividend yield nearly 0.02% as of writing), and its shares have risen by over 190% in the past 12 months. A beat in market expectations for earnings and revenue could possibly rally the share price.
Amid the tech race to become a leader in AI (artificial intelligence) offerings, the Microsoft Build 2024 conference, themed “How will AI shape your future?”, is expected to start during the week. The PC software giant (Microsoft) is expected to showcase new AI capabilities. Microsoft has historically increased its dividend after every four quarters (annual dividend yield 0.71%), and its shares are up 32% in the past 12 months.
In our weekly dividend update, several companies are announcing growing dividend payouts.
- Microchip Technology Inc. (maker of microcontrollers, mixed-signal, analog, and Flash-IP solutions) has been increasing its quarterly dividend.
- Applied Materials, Inc., an American company that provides equipment, services, and software for semiconductor manufacturing; Marriott International Inc., a leading multinational hospitality company; and Whitbread PLC, a British multinational hospitality firm and owner of the UK’s biggest hotel brand, have increased their upcoming dividends by 20%, 21%, and 26%, respectively.
- SBA Communications Corporation (who have a presence in South Africa), a provider of wireless infrastructure services including cell tower leasing, and Yum Brands Inc., which owns and franchises fast-food restaurant chains like KFC, Pizza Hut, and Taco Bell, increase their dividends annually. Respectively, the 2024 cash payouts are 15% and 10% higher than last year’s payments.
- Imperial Brands PLC, a tobacco and cigarettes giant, announced an increase in its dividend, which will be split into two payments. The last day to buy shares that qualify for the first payment is within the week.
In other corporate actions, Accelerate Property Fund, a South African listed real estate investment, will proceed with a rights offer. It will use the funds raised to strengthen its financial position and reposition Fourways Mall.
This week’s update also includes exchange-traded funds from the South African market preparing to pay dividends.
South Africa
Redefine Properties Limited will be paying R0.20 per share.
- Last trading date – 21 May 2024
- Payment date – 27 May 2024
FNB Global 1200 Equity FOF ETF will be paying R0.22 per share.
- Last trading date – 21 May 2024
- Payment date – 27 May 2024
FNB World Government Bond ETF will be paying R0.02 per share.
- Last trading date – 21 May 2024
- Payment date – 27 May 2024
Australia
Aristocrat Leisure Limited will be paying AU$0.36 per share.
- Last trading date – 22 May 2024
- Payment date – 02 July 2024
Orica Ltd will be paying AU$0.19 per share.
- Last trading date – 22 May 2024
- Payment date – 03 July 2024
United Kingdom
Bellway PLC will be paying £0.16 per share.
- Last trading date – 22 May 2024
- Payment date – 01 July 2024
Imperial Brands PLC will be paying £0.22 per share.
- Last trading date – 22 May 2024
- Payment date – 28 June 2024
CRH PLC will be paying $0.35 per share.
- Last trading date – 22 May 2024
- Payment date – 26 June 2024
Whitbread PLC will be paying £0.62 per share.
- Last trading date – 22 May 2024
- Payment date – 05 July 2024
DCC PLC will be paying £1.33 per share.
- Last trading date – 22 May 2024
- Payment date – 18 July 2024
Europe
Puma SE will be paying Є0.82 per share.
- Last trading date – 22 May 2024
- Payment date – 27 May 2024
America
HF Sinclair Corporation will be paying 0.50 per share.
- Last trading date – 20 May 2024
- Payment date – 05 June 2024
Microchip Technology Inc will be paying $0.45 per share.
- Last trading date – 20 May 2024
- Payment date – 05 June 2024
Equinix Inc will be paying $4.26 per share.
- Last trading date -20 May 2024
- Payment date – 19 June 2024
AerCap Holdings N.V. will be paying $0.25 per share.
- Last trading date – 20 May 2024
- Payment date – 13 June 2024
SBA Communications Corporation will be paying $0.98 per share.
- Last trading date – 21 May 2024
- Payment date – 19 June 2024
Warner Music Group Corp will be paying $0.17 per share.
- Last trading date – 21 May 2024
- Payment date – 03 June 2024
Applied Materials Inc will be paying $0.40 per share.
- Last trading date – 21 May 2024
- Payment date – 13 June 2024
PHINIA Inc will be paying $0.25 per share.
- Last trading date – 22 May 2024
- Payment date – 14 June 2024
3M Company will be paying $0.70 per share.
- Last trading date – 22 May 2024
- Payment date – 12 June 2024
Marriott International Inc will be paying $0.63 per share.
- Last trading date – 22 May 2024
- Payment date – 28 June 2024
Viatris Inc will be paying $0.12 per share.
- Last trading date – 22 May 2024
- Payment date – 14 June 2024
Yum Brands Inc will be paying $0.67 per share.
- Last trading date – 23 May 2024
- Payment date – 07 June 2024
Tractor Supply Co will be paying $1.10 per share.
- Last trading date – 23 May 2024
- Payment date – 11 June 2024
Paycom Software Inc will be paying $0.37 per share.
- Last trading date – 23 May 2024
- Payment date – 10 June 2024
Northrop Grumman Corp will be paying $2.06 per share.
- Last trading date – 23 May 2024
- Payment date – 12 June 2024
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