EasyEquities News and Research Desk

Dividends Update: 1 May 2023 (week 18)

Written by TeamEasy | May 1, 2023 5:54:00 AM

New week, new month! This week, there are 21 companies with upcoming last trading dates. This comprises of 17 American companies, four from the United Kingdom.

Glencore plc (one of the biggest energy players) will be paying $0.44 per share between two periods. The first is included in this list, and it also announced a share buyback program. Gary Nagle, Glencore’s Chief Executive Officer, said: “The unprecedented developments in global energy markets were material drivers for both our marketing and industrial businesses, lifting Group Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to $34.1 billion, up $12.8 billion over the period. Marketing posted another record performance, with Adjusted EBIT of $6.4 billion, up 73% year on year…and net debt was reduced to $0.1 billion.”

This enabled the company to announce a $5.1 billion cash distribution ($0.40/share), a $0.5 billion "top-up" cash distribution ($0.04/share), and a $1.5 billion buyback program (c.$0.12/share), which is a total of $0.56 per share return to shareholders.

Looking at dividend yields, American companies like Energy Transfer LP, Magellan Midstream Partners LP, and Equitrans Midstream Corporation have been paying dividends up to four times a year and have an annual dividend yield between 7-11% as of writing; Main Street Capital Corp has a 6% annual dividend yield, and the investment firm has a history of paying dividends monthly.

GBP Dividends

Company Amount per share Last trading date Payment date Exchange rate date
Admiral Group PLC
£0.145 special dividend and £0.375 ordinary dividend
£0.52 03 May 02 June NA
Glencore PLC $0.22 2 May 1 June 9 May
Hiscox $0.24 03 May 13 June NA
St. James's Place PLC £0.37 03 May 31 May NA

 

 

 

 

 

USD Dividends

Company Amount per share Last trading date Payment date
American Water Works Co Inc $0.70 05 May 01 June
Carrier Global Corp $0.18 03 May 24 May
Costco Wholesale Corp $1.02 03 May 19 May
Crestwood Equity Partners LP $0.65 04 May 15 May
Energy Transfer LP $0.22 04 May 22 May
Equitrans Midstream Corporation $0.15 03 May 15 May
Intel Corp $0.12 03 May 01 June
Magellan Midstream Partners LP $1.04 04 May 15 May
Main Street Capital Corp $0.22 04 May 15 May
Metlife Inc will be paying $0.52 05 May 14 June
MPLX LP $0.77 03 May 15 May
Sirius XM Holdings Inc $0.02 03 May 24 May
Southern Copper Corp $1.00 05 May 23 May
United States Steel Corp $0.05 04 May 07 June
Walmart Inc $0.57 03 May 30 May
Wells Fargo & Co $0.30 03 May 01 June
WW Grainger Inc $1.86 04 May 01 June