Streetbeat News

Dividends

EMR

Emerson (NYSE: EMR) reported its fourth quarter and full year 2024 results, and announced an increase in its quarterly cash dividend to $0.5275 per share, payable on December 10, 2024.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BNO

Saudi Aramco reported a decline in profits due to weaker oil prices and refining margins. Despite this, the company plans to distribute $31.05 billion in dividends.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

MPLX

MPLX LP reported strong third-quarter 2024 financial results with a net income of $1.0 billion, a 12.5% increase in quarterly distribution, and plans for capacity expansion in the Northeast.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

KDP

Keurig Dr Pepper's stock dropped 12% last month, which might present a buying opportunity for dividend investors.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

MPC

Marathon Petroleum Corp. (MPC) reported a significant decrease in net income for Q3 2024 compared to Q3 2023, with $622 million in net income and $2.5 billion in adjusted EBITDA. Despite the decline, MPC announced a $5 billion share repurchase authorization and a 10% dividend increase.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

IGRO

IGRO, an ETF focusing on high-quality dividend-growth companies outside the US, is seen as valuable due to its low 14x P/E ratio and diversified sector breakdown. Bullish seasonality is expected, with key price levels to watch.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

ZION

Zions Bancorporation has announced an increase in its quarterly dividend from $0.41 to $0.43 per share, payable on November 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 7:16 pm

COP

IEO

OILT

ConocoPhillips reported mixed Q3 results with an EPS beat but revenue miss. The company increased its dividend by 34% and raised its FY24 production outlook. Analysts are optimistic about future free cash flow and stock buybacks, with a Buy rating and $138 price target from Truist Securities. ConocoPhillips' shares are down 1.66% at $107.71.

Portfolio Pulse from Lekha Gupta

November 01, 2024 | 6:02 pm

MGA

Magna International (NYSE:MGA) reported Q3 earnings that missed expectations, with adjusted EPS at $1.28 versus the expected $1.41, and sales of $10.28 billion, down 4%. Despite this, MGA shares rose 7.30% premarket as the company plans to resume share buybacks in Q4. The FY24 sales outlook was revised down, and adjusted net income outlook decreased. A dividend of $0.475 per share was declared.

Portfolio Pulse from Nabaparna Bhattacharya

November 01, 2024 | 1:10 pm