Financial holding company boosts shareholder returns

  • Hilltop Holdings raises quarterly dividend by 6.3%
  • Share buyback authorization increased
  • Dividend payout now at 17 cents per share
  • Annual yield of 2% based on Thursday’s closing price
  • Buyback program authorized for up to $75 million in shares

Hilltop Holdings, a Dallas-based financial holding company, has announced an increase in its quarterly dividend by 6.3%. The new dividend payout is now set at 17 cents per share, up from 16 cents per share in the previous quarter. This represents an annual yield of 2% based on the closing price of $33.97 on Thursday. In addition to the dividend increase, Hilltop’s board has also authorized a buyback program for up to $75 million in shares, extending through January 2025. The company has already spent $5.1 million on share buybacks in 2023.

Public Companies: Hilltop Holdings (N/A)
Private Companies:
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Factuality Level: 8
Justification: The article provides specific information about Hilltop Holdings increasing its quarterly dividend and share buyback authorization. The information is straightforward and does not contain any irrelevant or misleading information. It does not include any exaggerated or overly dramatic reporting. The article does not include any bias or personal perspective. The information provided is concise and does not contain any invalid arguments or logical errors. Overall, the article appears to be factual and accurately reports the news.

Noise Level: 7
Justification: The article provides basic information about Hilltop Holdings’ dividend increase and share buyback authorization. However, it lacks any analysis or insights into the long-term trends or consequences of these actions. It also does not provide any evidence or data to support its claims. Overall, the article is mostly filler content and lacks depth.

Financial Relevance: Yes
Financial Markets Impacted: Hilltop Holdings

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Hilltop Holdings’ quarterly dividend increase and share buyback authorization.

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