Streetbeat News

Dividends

ET

Energy Transfer LP (NYSE:ET) announced an increase in its quarterly cash distribution to $0.3175 per unit, a 3.3% rise from the first quarter of 2023. The distribution is for the first quarter ended March 31, 2024, payable on May 20, 2024, to unitholders of record as of May 13, 2024. Additionally, Energy Transfer will release its Q1 2024 earnings on May 8, 2024, followed by a conference call to discuss the results and provide a company update.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:35 pm

LNC

NYCB

WU

Wall Street's most accurate analysts have provided updates on three financial stocks with over 6% dividend yields: Lincoln National Corporation (LNC), New York Community Bancorp, Inc. (NYCB), and The Western Union Company (WU). These updates include changes in price targets and ratings, reflecting the analysts' views on the stocks' future performance. Additionally, recent news for each company has been highlighted, such as upcoming earnings reports and executive team appointments.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:11 pm

LAD

Lithia Motors, Inc. (NYSE:LAD) reported a 23% year-on-year sales growth for Q1 FY24, with sales of $8.56 billion surpassing analyst estimates. New and used vehicle revenues saw significant increases, while GreenCars and Driveway Finance Corporation also reported growth. However, gross margin contracted, operating income fell by 9.9%, and adjusted EPS missed analyst expectations. The company announced a dividend and has a significant share repurchase authorization remaining. Shares fell 3.55% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 11:40 am

EVR

Evercore's Board of Directors declared a 5% increase in its quarterly dividend to $0.80 per share, payable on June 14, 2024, to stockholders of record as of May 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:55 am

TNL

Travel Leisure announced its intention to recommend a Q2 dividend of $0.50 per share for approval by the company's Board of Directors in May 2024.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:22 am

OTIS

Otis reported a mixed Q1 performance with a 10% decline in new equipment orders and a 2% decrease in backlog, while net sales rose by 2.7% and organic sales by 3.8%, driven by a 5.8% increase in Service net sales. GAAP EPS grew by 8.9%, and adjusted EPS by 10%, with operating profit margins expanding. The company also saw a 13% increase in Mod orders and a 14% increase in backlog. Otis updated its full-year outlook, raising its adjusted EPS forecast to $3.83-$3.90 and its share repurchase target to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:08 am

AMAL

Amalgamated Financial announced a 50% increase in its quarterly dividend, raising it from $0.10 to $0.15 per share, payable on May 8, 2024, to stockholders of record as of May 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:38 pm

AMAL

Amalgamated Financial Corp. has announced an increase in its quarterly dividend to $0.15 per share.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:36 pm

OTIS

Otis has announced a 14.7% increase in its dividend, raising it to $0.39 per share.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:27 pm

MET

MetLife has announced a 4.8% increase in its common stock dividend, raising it to $0.545 per share. This move reflects the company's financial strength and commitment to returning value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:23 pm