Streetbeat News

Dividends

SSL

Sasol Ltd reported a significant decline in its 2024 financial performance, with EBIT dropping over 100% year-over-year and EPS declining by 66%. The company also reduced its interim and final dividends.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:40 am

ABIO

ARCA Biopharma Inc (NASDAQ:ABIO) shares rose by 12.5% following the announcement of a special dividend of $1.59 per share related to its merger with Oruka Therapeutics. The dividend is contingent on shareholder approval of the merger, with key dates set for August 22 and August 29.

Portfolio Pulse from Henry Khederian

August 19, 2024 | 2:28 pm

ABIO

ARCA Biopharma shares rose following the announcement of a special dividend of $1.59 per share.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:59 pm

VIDI

ZIM

ZIM Integrated Shipping Services Ltd (NYSE:ZIM) shares surged after reporting a 48% increase in Q2 sales to $1.93 billion, beating expectations. The company also reported a significant rise in adjusted EBITDA and EPS, and declared a dividend. ZIM raised its 2024 outlook, expecting better results in the second half of the year.

Portfolio Pulse from Lekha Gupta

August 19, 2024 | 12:57 pm

EL

KLXY

MGRO

Estee Lauder's Q4 results show a 7% sales growth, but weak China sales impact the outlook. CEO Fabrizio Freda will retire at the end of FY25. The company expects a challenging FY25 with lower EPS and sales growth forecasts. Investors can gain exposure through ETFs like KLXY and MGRO.

Portfolio Pulse from Lekha Gupta

August 19, 2024 | 12:40 pm

LOW

Lowe's Companies, Inc. (NYSE:LOW) is set to release its Q2 earnings report on Aug. 20, with expected earnings of $3.97 per share, down from $4.56 last year. The company projects quarterly revenue of $23.91 billion. Lowe's offers a 1.91% annual dividend yield, translating to $1.15 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $314,460 is needed. Analyst Joseph Feldman maintains a Market Perform rating with a $230 price target.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 12:24 pm

AVT

Avnet, Inc. (NASDAQ:AVT) has expanded its share repurchase authorization to $600 million and increased its quarterly dividend by 6% to $0.33 per share. The dividend will be paid on September 25, 2024, to shareholders of record as of September 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:03 pm

AVA

AY

UGI

Wall Street's most accurate analysts have provided their latest ratings on three high-dividend-yielding utilities stocks: Atlantica Sustainable Infrastructure plc (NASDAQ:AY), UGI Corporation (NYSE:UGI), and Avista Corporation (NYSE:AVA). These stocks have been recently analyzed by top analysts, with mixed ratings and updated price targets. Recent earnings reports for all three companies have shown positive results.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 11:11 am

EDU

New Oriental Education & Technology Group Inc. (NYSE:EDU) announced a special cash dividend of $0.6 per ADS, payable to shareholders of record as of September 9, 2024. The total dividend payout will be approximately $100 million.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 9:19 am

ABIO

EL

FN

PANW

ZIM

U.S. stock futures are trading lower this Monday morning. Key stocks to watch include Estée Lauder (EL), ZIM Integrated Shipping (ZIM), ARCA Biopharma (ABIO), Fabrinet (FN), and Palo Alto Networks (PANW). Estée Lauder and ZIM Integrated Shipping are set to release earnings before the market opens, while Fabrinet and Palo Alto Networks will report after the closing bell. ARCA Biopharma announced a special dividend.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 7:47 am