Streetbeat News

Dividends

PZZA

Papa John's International, Inc. (NASDAQ:PZZA) reported a mixed Q2 fiscal 2024 with a revenue decline of 1.3% year-over-year to $507.894 million, missing the consensus of $520.519 million. However, the company beat EPS expectations with 61 cents against the expected 53 cents. North America comparable sales were down 4%, and international sales were flat. The company saw 31 net unit closures due to strategic international closures. Despite these challenges, adjusted operating income increased by 4% due to improved margins and cost discipline. The stock rose by 4.50% following the report.

Portfolio Pulse from Akanksha Bakshi

August 08, 2024 | 3:21 pm

EBIT

MUR

VTWV

Murphy Oil Corp (NYSE:MUR) reported Q2 adjusted earnings per share of 81 cents, surpassing the consensus of 74 cents. Revenues were $802.77 million, slightly below the consensus of $813.46 million. The company repurchased $56 million of stock and announced a quarterly dividend of 30 cents per share. Murphy Oil also raised its share repurchase authorization by $500 million. The company expects Q3 net production of 181.5 to 189.5 MBOEPD. Investors can gain exposure to the stock via Harbor ETF Trust Harbor AlphaEdge Small Cap Earners ETF (NYSE:EBIT) and Vanguard Russell 2000 Value ETF (NASDAQ:VTWV).

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 12:54 pm

G

Genpact Limited (NYSE:G) is set to release its Q2 earnings report, with analysts expecting earnings of 72 cents per share and revenue of $1.14 billion. The company recently appointed Sanjeev Vohra as its first Chief Technology & Innovation Officer. Genpact offers an annual dividend yield of 1.89%, translating to a quarterly dividend of 15.25 cents per share. Investors would need approximately $317,506 invested in Genpact to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 12:37 pm

CAG

KHC

MO

Wall Street's most accurate analysts have provided their ratings on three high-dividend-yielding consumer staples stocks: Altria Group, Conagra Brands, and The Kraft Heinz Company. These stocks are often favored during market turbulence due to their high free cash flows and dividend payouts. Recent analyst ratings and financial results for these companies are highlighted.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 11:50 am

TFPM

Triple Flag Precious Metals has declared a $0.055 per share dividend, payable on September 16, 2024. The annualized dividend has been increased to $0.22 per share, marking the third consecutive annual increase since its IPO in May 2021.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:48 pm

TRNO

Terreno Realty Corp (NYSE:TRNO) has announced an 8.9% increase in its quarterly dividend, raising it from $0.45 to $0.49 per share. The dividend is payable on October 11, 2024, to shareholders of record as of September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:31 pm

NL

NL Industries has announced a $0.43 special cash dividend and a $0.08 quarterly dividend per share. The special dividend will be payable on August 29, 2024, and the quarterly dividend on September 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:28 pm

INTC

Intel is being sued by shareholders for alleged securities fraud following weak financial results, job cuts, and a suspension of dividends. The lawsuit was revealed in a recent court filing.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:42 pm

ENS

EnerSys has announced a 7% increase in its quarterly dividend, raising it to $0.24 per share.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:29 pm

MCK

McKesson's board has approved a $4 billion increase to its share repurchase program and a 15% increase in its quarterly dividend to $0.71 per share.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:21 pm