The chapter provides detailed insights into various company dividend announcements, examining Apple's share reduction-driven 4.2% hike, contrasting it with RTX's 6.8% and American Waterworks' 8.1% increases, and delving into OBM's modest 0.6% hike. The discussion focuses on financial health, sustainability, and impacts on shareholder reactions, including cuts from Leguden Plaids and 3M. Additionally, the chapter analyzes a dividend stock in the oil industry, a company's strategic financial performance, debt reduction, market moves, energy transition, NYSE listing implications, and another company's strong track record with revenue growth and operational efficiency.
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Todays episode is jam-packed after a crazy week in the stock market. We're discussing the litigation settlements of Philips and Johnson & Johnson, several dividend hikes, but also dividend cuts from iconic dividend kings 3M and Leggett & Platt. After that we delve into several earnings that were reported this week, most notably Starbucks which saw a 16% decline after reporting bad numbers. Last but not least, we answer many of the listener's questions.
Enjoy today's show and C U on the inside!
Tickers mentioned today:
- Johnson & Johnson (JNJ)
- Apple (AAPL)
- Raytheon Technologies Corporation (RTX)
- American Water Works Company Inc. (AWK)
- International Business Machines Corporation (IBM)
- Leggett & Platt, Incorporated (LEG)
- 3M Company (MMM)
- Shell (RDS-A)
- Starbucks Corporation (SBUX)
- VICI Properties Inc. (VICI)
- Pfizer Inc. (PFE)
- Novo Nordisk A/S (NVO)
- Hershey Company (HSY)
- Jeronimo Martins SGPS SA (JMT)
- Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. (SEM)
- CTT Correios de Portugal, S.A. (CTT)