No. of Recommendations: 1
"" Dan Ives, a senior equity analyst at Wedbush who covers tech companies, says that paying a dividend is “not viewed as taboo anymore in the world of tech.”
He believes that Meta, by introducing its dividend, is taking a page out of Apple
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’s playbook. “We’re going to see more and more of this, because it appeals to an income-focused investor,” Ives says.
There’s definitely room for more tech dividends. Just under 40% of the tech companies in the broad-market S&P Composite 1500
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pay a dividend, well below the nearly 75% that offer buyouts, according to a report by Goldman Sachs’ portfolio strategy team.""
No. of Recommendations: 0
Barron’s,”” The Hershey Company, which derives two-thirds of its U.S. sales from chocolate, raised the price of its products by 6.5% in the fourth quarter from a year ago. Hershey expects historic cocoa prices to limit earnings growth this year, and higher sugar and butter costs could raise prices further.
What’s Next: Hershey has been adding salty snacks such as pretzels and popcorn to its offerings to diversify its revenue, while retailers such as Walmart have reduced their shelf space for chocolates to make room for snacks that sell better, Morgan Stanley analyst Pam Kaufman wrote.“
