Deutsche Bank reported Q4 FY23 results with revenue growth of 5% Y/Y to €6.66 billion, beating consensus. The bank plans to increase share repurchases and dividends by at least 50% in 2024.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Shell reported Q4 FY23 results with revenue of $78.73B, missing expectations. Adjusted earnings per ADS were $2.22, above consensus. Share buyback and dividend increase announced. FY24 outlook includes cash capital expenditure of $22B-$25B.
Phillips 66 reports strong Q4 results, beating expectations with EPS of $3.09 and revenue of $38.74B. Plans to sell assets and return $13-15B to shareholders by 2024.