Streetbeat News

Dividends

MPLX

MPLX LP has announced an increase in its quarterly cash distribution from $0.85 to $0.9565 per common unit for Q3 2024, equating to $3.826 annually.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:40 pm

CRAK

IEO

PSX

Phillips 66 reported strong Q3 FY24 results with significant gains in its Marketing and Chemicals segments, despite a decline in its Midstream and Refining segments. The company's adjusted EPS exceeded expectations, and it continues to make progress on its share repurchase and dividend distribution targets. Investors can gain exposure to Phillips 66 through ETFs like iShares U.S. Oil & Gas Exploration & Production ETF and VanEck Oil Refiners ETF.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 2:40 pm

MSCI

MSCI Inc reported a strong fiscal Q3 2024 with a 15.9% revenue growth, surpassing analyst expectations. The company achieved its best-ever recurring sales in Index and Analytics, with significant growth in asset-based-fee revenue. Despite a slight decline in operating margin, MSCI's adjusted EPS and free cash flow were robust. The company declared a dividend of $1.60 per share for Q4.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 2:33 pm

AESI

Atlas Energy Solutions announced a dividend increase from $0.15 to $0.24 per share and a $200 million share buyback program, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:51 pm

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) is set to release its Q3 earnings, with expectations of $1.84 EPS and $86.3 billion in revenue. The article discusses how investors can earn $500 monthly from Alphabet's dividends, requiring ownership of 7,500 shares. Alphabet's stock rose 0.9% recently.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 1:43 pm

BP

DFRA

BP's Q3 results show a revenue miss, production decline, and rising debt, leading to a drop in stock price. Despite some positive aspects like beating EPS expectations and ongoing share buybacks, the outlook remains cautious with expected lower production and refining margins.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 1:04 pm

DIN

KSS

WHR

Analysts have provided their latest ratings on three high-dividend consumer stocks: Kohl's, Dine Brands Global, and Whirlpool. Kohl's received a downgrade from JP Morgan and a price target cut from Evercore ISI, despite better-than-expected Q2 results. Dine Brands Global saw mixed ratings with a downgrade from Truist Securities and a slight price target cut from Keybanc, ahead of its Q3 earnings release. Whirlpool maintained underperform ratings from RBC Capital and B of A Securities, with a slight price target adjustment, following better-than-expected earnings.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 12:51 pm

DHI

ITB

PKB

D.R. Horton reported Q4 results with sales and EPS missing estimates, leading to a 10.2% drop in share price. The company faces challenges with rising inventory and a cautious homebuyer market. FY25 revenue outlook is below consensus, but the company is focusing on affordable housing and increased dividends.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 12:39 pm

NXRT

NexPoint Residential Trust has announced an increase in its quarterly dividend from $0.4624 to $0.51 per share.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:19 pm

DHI

D.R. Horton has announced an increase in its quarterly dividend from $0.30 to $0.40 per share, reflecting confidence in its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:36 am