Victory Capital Increases Quarterly Dividend From $0.335 To $0.37
Portfolio Pulse from Benzinga Newsdesk
Victory Capital's Board has authorized a 10% increase in the quarterly cash dividend, raising it from $0.335 to $0.37, to be paid in June.
May 09, 2024 | 8:32 pm
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Victory Capital has increased its quarterly dividend by 10%, from $0.335 to $0.37, demonstrating confidence in its financial health and commitment to returning value to shareholders.
Dividend increases are typically viewed positively by the market as they signal a company's confidence in its financial stability and future earnings potential. For Victory Capital, this increase in dividends could attract income-focused investors and potentially lead to a short-term uptick in stock price due to perceived financial health and commitment to shareholder returns.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100