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Hong Kong-listed and Chinese companies are increasing stock buybacks and dividend payouts as their domestic markets remain depressed. This trend is expected to continue throughout the year. In 2022, Hong Kong stock buybacks amounted to $13.4 billion. The Hang Seng Index forecasts that the buyback trend will continue to over $90 billion of stock buybacks by year-end. Record dividend payouts by China’s biggest firms, including Bank of China Ltd. and PetroChina Co Ltd., have reached $206 billion so far this year. Among the Hong Kong companies buying back their shares are Yum China, Tencent, HSBC Holdings Plc., Hanison Construction Holdings Ltd., Bank of East Asia Limited, Cosco Shipping Development Co Ltd, Li Ning Co. Ltd. and Dongfeng Motor Co. Ltd.

Portfolio Pulse from Daniel Harrison

September 20, 2023 | 3:45 pm

AVY

Avery Dennison (NYSE:AVY) is distributing a dividend payout of $0.81 per share, with an annualized dividend yield of 1.79%. The company has shown an upward trend in both dividend per share and earnings per share from 2019 to 2022. The company's dividend yield is mid-range compared to its industry peers, with International Paper (NYSE:IP) having the highest annualized dividend yield at 5.43%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:05 pm

SBAC

SBA Comms (NASDAQ:SBAC) will distribute a dividend payout of $0.85 per share on September 20, 2023, equating to an annualized dividend yield of 1.55%. The company has shown a positive trend in both dividend per share and earnings per share from 2020 to 2022, indicating a strong financial performance and its ability to continue rewarding shareholders.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:05 pm

ENIC

EVRG

Evergy (NASDAQ:EVRG) is set to distribute a dividend payout of $0.61 per share, resulting in an annualized dividend yield of 4.20%. The company has shown a steady increase in its dividend per share from $1.93 in 2019 to $2.33 in 2022, and its earnings per share have also increased from $2.66 in 2019 to $3.61 in 2022. When compared to its industry peers, Evergy's dividend yield is in the middle, with Enel Chile (NYSE:ENIC) having the highest annualized dividend yield at 10.41%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:05 pm

CMP

Compass Minerals Intl (NYSE:CMP) has decreased its dividend payout to $0.15 per share, resulting in an annualized dividend yield of 1.96%. The company's dividend per share has declined from $2.88 in 2019 to $0.60 in 2022, and its earnings per share have also decreased from $1.70 in 2019 to $0.56 in 2022. This suggests financial challenges for the company.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:05 pm

CVR

HIHO

Chicago Rivet & Machine (AMEX:CVR) will distribute a dividend payout of $0.10 per share, translating to an annualized dividend yield of 2.17%. The company has shown a positive dividend growth pattern from 2020 to 2022, with the dividend per share rising from $0.52 to $0.88. Additionally, the company's earnings per share have also increased from $1.17 to $4.41 during the same period. However, its dividend yield is lower compared to its industry peer, Highway Holdings (NASDAQ:HIHO), which has a higher annualized dividend yield of 14.22%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:05 pm

STX

Seagate Tech Hldgs (NASDAQ:STX) announced it will pay a quarterly dividend of 70 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 70 cents lower. Shareholders owning STX by the end of Friday's session will be eligible for the dividend, which will be paid out on October 10, 2023.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:45 pm

BSVN

Bank7 (NASDAQ:BSVN) has announced a quarterly dividend of 21 cents per share, payable on October 10, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:45 pm

General Electric (NYSE:GE) has announced a quarterly dividend of 8 cents per share, which will be paid out to shareholders on October 25, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 8 cents lower. Shareholders who own GE as of the end of Friday's session are eligible to receive the dividend.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:45 pm

EQR

Equity Residential (NYSE:EQR) has announced a quarterly dividend of 66.25 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own EQR as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 13, 2023.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:45 pm