5 big dividend moves: Massive hike at Banc of California | Pro Recap

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Banc of California (NYSE:BANC) hiked its dividend by 66.7% to $0.10 per share, or $0.40, for an annual yield of 2.3%. The dividend will be payable on April 3, 2023, to stockholders of record on March 15, 2023, with an ex-dividend date of March 14, 2023.

The bank reported better-than-expected fourth-quarter earnings last month, although revenue came in slightly under consensus.

Gold Resource (NYSE:GORO) shares plummeted nearly 30% yesterday after the company halted its long-running dividend and slashed its guidance for the year, citing “2022 market volatility, challenging economic conditions and the lower grade profile of our current Mineral Reserves and Mineral Resources,” which it says are “projected to negatively impact operating cash flows and total cash costs per gold equivalent ounce.”

The company says it suspended its dividend “to protect our balance sheet and focus our capital resources on exploration and growth opportunities.”

Warrior Met Coal (NYSE:HCC) declared a special dividend of $0.88 for an annual yield of 2.3%. The dividend will be payable on March 7, 2023, to stockholders of record on February 28, 2023, with an ex-dividend date of February 27, 2023.

The special dividend follows Warrior Met Coal’s 16.7% hike of its regular dividend to $0.07 yesterday, for an annual yield of 0.7%. The regular dividend will be payable on February 27, 2023, to stockholders of record on February 20, 2023, with an ex-dividend date of February 16, 2023.

Ameren (NYSE:AEE) hiked its dividend by 6.8% to $0.63, for an annual yield of 3%. The dividend will be payable on March 31, 2023, to stockholders of record on March 15, 2023, with an ex-dividend date of March 14, 2023.

Vulcan Materials (NYSE:VMC) hiked its dividend by 7.5% to $0.43, for an annual yield of 0.9%. The dividend will be payable on March 20, 2023, to stockholders of record on March 6, 2023, with an ex-dividend date of March 3, 2023.