| | Hello and welcome to Dividend Brief, the 2 times weekly newsletter focused on dividend investing. | Today, we will look into Medtronic, Costco and Charles Schwab, highlight a few dividend stocks worth watching, as well as share companies that are about to pay a dividend in the next few days. |
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| | Technology | | | The Magnificent Seven—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla—set the standard for market dominance. But as their growth stabilizes, the hunt is on for the next generation of industry leaders. | Seven under-the-radar companies are emerging as contenders, combining innovation, market share expansion, and financial strength. | These stocks are positioned to thrive in 2025, offering investors a unique chance to get in early on the next big wave. | (By clicking the link above, you will get this free report and a free subscription to MarketBeat's daily email newsletter. You are also agreeing to the terms of our privacy policy. Unsubscribe at any time.) | While the world watches yesterday’s leaders, these stocks are quietly making their move. | Click here to access the free report and uncover the next Magnificent Seven. | (By clicking the link above, you will get this free report and a free subscription to MarketBeat's daily email newsletter. You are also agreeing to the terms of our privacy policy. Unsubscribe at any time.) |
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| | Healthcare | Medtronic Names Thierry Piéton as New Chief Financial Officer | | Medtronic has announced the appointment of a new Chief Financial Officer, Thierry Piéton, who will take on the role in March 2025. Bringing a wealth of financial leadership experience, Piéton joins Medtronic following his tenure at Renault Group, where he led the company to record operating margins and improved cash flow through strategic portfolio management and innovative partnerships. His diverse career spans various industries, including healthcare, automotive, and manufacturing, providing him with a broad perspective on managing complex global financial operations. | In his new role, Piéton will oversee Medtronic’s global finance organization, including critical areas such as treasury, tax, corporate strategy, and business development. His leadership is expected to support the company's strategic goals by driving financial innovation, operational efficiency, and long-term value creation. | Medtronic also acknowledged the contributions of Gary Corona, who has been serving as interim CFO. Corona has played a pivotal role in achieving strong financial results over the past six months and will transition to a new leadership position within the company’s corporate finance team. The combination of seasoned leadership and financial expertise positions Medtronic to continue delivering on its growth and innovation objectives. | This leadership change reflects Medtronic's commitment to advancing its financial and strategic priorities. | MDT currently trades at $88 and pays a dividend of 70 cents per share, a yield of 3.18%. |
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| | Retail | Costco Employees Vote to Authorize Strike Ahead of Contract Deadline | | A union representing thousands of Costco employees has taken a significant step toward a potential strike after members voted overwhelmingly to authorize the action. The Teamsters, which represents 18,000 workers at Costco locations nationwide, approved the strike vote with 85% of members in favor. The current contract between the union and the retailer is set to expire at the end of the month. | If an agreement isn’t reached, the strike could disrupt operations at Costco, which has built a reputation for treating its employees well and championing diversity and inclusion initiatives. In preparation, the union has held practice pickets in several locations and will continue negotiations through the final week before the contract expires. | The Teamsters have expressed frustration with Costco’s response to their proposals, describing the company’s counteroffer as unsatisfactory, especially in light of its financial success. The union claims that the current proposal fails to improve retirement benefits and doesn’t address workers’ needs appropriately. | With less than two weeks before the current contract ends, both sides are under pressure to reach a resolution to avoid a disruption that could impact Costco’s operations and public image. | COST currently trades at $943 and pays a dividend of $1.16 per share, a yield of 0.49%. |
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| | | | Finance | Schwab Surpasses Estimates with Strong Q4 Results and Record Inflows | | Charles Schwab Corp. has surpassed analysts’ expectations with impressive fourth-quarter results, driven by strong growth in retail brokerage and record-breaking inflows. The company reported a 20% year-over-year revenue increase, reaching $5.3 billion, exceeding projections of $5.19 billion. Earnings per share also beat expectations, coming in at $1.01. Full-year revenue grew by 4%, exceeding the firm’s earlier guidance of 3% to 3.5%. | Schwab's strong performance was largely attributed to net inflows into managed investment solutions, a trend that contributed to the overall revenue surge. The company’s leadership is in transition, with Rick Wurster recently taking over as CEO and Mike Verdeschi joining as CFO. They are steering Schwab back to stability after the challenges faced during the 2023 regional banking turmoil. | As of now, Schwab’s total client assets have reached $10.1 trillion, slightly under analyst expectations of $10.17 trillion. Looking ahead, Schwab plans to expand its presence by opening more than a dozen new branches and relocating some of its existing locations to better align with customer migration trends. These efforts are aimed at boosting growth as Schwab continues to evolve in an ever-changing market. | SCHW currently trades at $76 and pays a dividend of 25 cents per share, a yield of 1.31%. |
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| | Dividend Stocks Worth Watching | LMT remains a long-term pick, thanks to solid defense contracts with the U.S. military. On top of that, it pays out a 2.69% dividend yield to shareholders. | CMCBA has steadily growth its dividend since 2017, currently sitting at 3.42%. The internet and mobile provider also has a large business footprint investors should be excited about. | BAC is a banking giant with diverse revenue streams and a solid balance sheet to fall back on. A rising share price and 2.24% dividend yield add to its intrigue. | | Dividend Increases | | | ED upped its dividend payout to 85 cents per share, an increase of 2.41%. Its new forward yield is 3.69%.
VLO raised its dividend payout to $1.13 per share, an increase of 5.6%. Its new forward yield is 3.24%.
BUSE increased its dividend payout to 25 cents per share, an increase of 4.2%. Its new forward yield is 4.2%. |
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| Dividend Decreases | | | | | CNXC decreased its dividend payout to 33 cents per share, a cut of 0.1%. Its new dividend yield is 2.5%.
ADX lowered its dividend payout to 47 cents per share, a cut of 76%. Its new dividend yield is 8.98%.
PCF dropped its dividend payout to 6 cents per share, a cut of 4.6%. Its new dividend yield is 10.68%. |
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| | AI | | | Artificial intelligence is no longer the future—it’s the present, and it’s reshaping industries faster than ever imagined. As we approach 2025, a new wave of AI leaders is emerging, offering investors unprecedented opportunities to capitalize on this transformative trend. | This exclusive report unveils the 10 AI stocks set to dominate the market in 2025. These companies are not only driving innovation but are poised to deliver exceptional returns as they redefine healthcare, finance, manufacturing, and more. | (By clicking the link above, you will get this free report and a free subscription to MarketBeat's daily email newsletter. You are also agreeing to the terms of our privacy policy. Unsubscribe at any time.) | Don’t miss your chance to align with these forward-thinking companies before the market catches on. | Click here to secure your free copy and position yourself for 2025’s biggest AI breakthroughs. | (By clicking the link above, you will get this free report and a free subscription to MarketBeat's daily email newsletter. You are also agreeing to the terms of our privacy policy. Unsubscribe at any time.) |
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| | Upcoming Dividend Payers | NYT is going to pay 13 cents per share to all shareholders of record on 1/23/25
ORCL is going to pay 40 cents per share to all shareholders of record on 1/23/25
AAP is going to pay 25 cents per share to all shareholders of record on 1/24/25 | | Everything Else | Kodiak Gas Services achieves double-digit growth while offering an attractive 3.33% dividend for investors. Minerals Technologies maintains its shareholder value with a regular quarterly dividend announcement. Civista Bancshares announces its first-quarter dividend, emphasizing its commitment to shareholder returns. NRG Energy declares its quarterly dividend, continuing its focus on rewarding investors. |
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| | That’s all for today’s edition of the Dividend Brief.
Thanks for reading, and if you have any feedback or dividend stocks you want me to take a look at, just reply to this email!
—Noah Zelvis
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