Streetbeat News

Dividends

ROK

Rockwell Automation has announced an increase in its quarterly dividend from $1.25 to $1.31 per share, reflecting confidence in its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:26 pm

TNC

Tennant Company has announced a 5.4% increase in its quarterly cash dividend, raising it from $0.28 to $0.295 per share. This marks the 53rd consecutive annual increase in dividends. The new dividend is payable on December 16, 2024, to shareholders recorded by November 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:00 pm

XOM

Exxon Mobil is set to release its Q3 earnings, with expectations of strong performance due to rising production and cost-cutting measures. The company has shown financial resilience, with significant production growth and strategic investments. Shareholder returns remain a focus, with substantial dividends and share repurchases planned.

Portfolio Pulse from Henry Khederian

October 31, 2024 | 4:28 pm

WING

Wingstop reported mixed Q3 results, missing EPS estimates but beating sales expectations. The company declared a dividend and updated its FY24 guidance. Analysts have lowered their price targets for Wingstop, though they maintain positive ratings.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 4:16 pm

CSB

SIXL

WEN

Wendy's reported mixed Q3 results with revenue growth beating estimates but a narrowed EPS outlook. Despite a 2.9% revenue increase, shares fell 4.43%. The company repurchased shares and declared a dividend, but operating profit declined due to higher costs.

Portfolio Pulse from Lekha Gupta

October 31, 2024 | 3:36 pm

H

Hyatt Hotels Corporation reported Q3 earnings with revenues of $1.629 billion, beating expectations, but EPS missed estimates at 94 cents. Despite a 3% RevPAR increase, shares fell 4.42%. The company plans strong growth in 2024 with a 7.75%-8.25% net rooms increase.

Portfolio Pulse from Nabaparna Bhattacharya

October 31, 2024 | 2:45 pm

EBAY

EBIZ

ONLN

EBay's shares fell nearly 10% after the company reported Q3 earnings that beat expectations but issued Q4 and FY 2024 revenue guidance below estimates. Despite positive earnings and cash flow, the lower guidance impacted investor sentiment.

Portfolio Pulse from Lekha Gupta

October 31, 2024 | 2:10 pm

DINO

HF Sinclair Corporation (NYSE:DINO) reported a 19% YoY revenue decline in Q3 to $7.207 billion, beating expectations. Adjusted EBITDA fell 74% to $316 million, with significant drops in the Refining and Lubricants segments. Adjusted EPS of $0.51 surpassed the consensus. The company declared a $0.50 dividend and engaged in share repurchases.

Portfolio Pulse from Akanksha Bakshi

October 31, 2024 | 1:43 pm

ASC

CHRD

DHT

Analysts have provided updated ratings and price targets for three high-yield energy stocks: Ardmore Shipping Corporation, DHT Holdings, and Chord Energy Corporation. These stocks offer dividend yields over 8%, attracting investors during market uncertainty. Ardmore Shipping and DHT Holdings have upcoming earnings announcements, which may impact their stock prices.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 1:42 pm

TK

Teekay shares rise following the announcement of a $40 million share repurchase program and a one-time special cash dividend of $1.00 per share.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:34 pm