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Dividends

TAP

Molson Coors Beverage Company (NYSE:TAP) reported strong Q2 2024 results, surpassing earnings and sales estimates. The company achieved adjusted EPS of $1.92 and net sales of $3.252 billion. Despite a slight decrease in net sales, the company grew its bottom line by 5.2%. Molson Coors declared a dividend of $0.44 per share and returned $564 million to shareholders. The company reaffirmed its outlook for 2024, expecting low single-digit sales growth and mid-single-digit growth in underlying income before taxes.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 4:05 pm

AMGN

Amgen Inc. (NASDAQ:AMGN) is set to release its Q2 earnings on Aug. 6, with analysts expecting slight increases in EPS and significant revenue growth. The company declared a $2.25 per share dividend for Q3 2024. Recent analyst ratings show mixed sentiments, with price targets ranging from $303 to $355.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 3:42 pm

OC

Owens Corning Inc. (NYSE:OC) reported a 9% year-over-year growth in Q2 fiscal 2024 net sales to $2.789 billion, beating the consensus of $2.760 billion. The Doors segment contributed $311 million in net sales. Adjusted EPS was $4.64, above the consensus of $4.33. Adjusted EBIT and EBITDA also saw increases. The company returned $52 million to shareholders through dividends and expects strong performance in Q3 and 2024. Despite positive results, OC shares are trading lower by 2.69% at $159.93.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 3:20 pm

FOX

FOXA

Fox shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results and raised its dividend.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:03 pm

RBA

RB Global shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 adjusted EBITDA guidance. Additionally, the company increased its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:51 pm

RBA

RB Global has announced an increase in its quarterly dividend from $0.27 to $0.29.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:51 pm

H

Hyatt Hotels Corporation (NYSE:H) reported mixed Q2 2024 results with record fee revenue and exceeded earnings estimates. Sales were slightly below expectations, but the company saw significant growth in RevPAR, net rooms, and its loyalty program. Adjusted EBITDA and EPS beat analyst expectations. Hyatt repurchased shares and declared a dividend. The company provided a positive outlook for 2024.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 2:12 pm

SBGI

T

VZ

Wall Street's most accurate analysts recommend buying three high-yielding tech and telecom stocks: Verizon Communications Inc. (VZ), AT&T Inc. (T), and Sinclair, Inc. (SBGI). These stocks offer dividend yields over 5% and have received positive ratings and price target increases from top analysts.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 2:07 pm

USEA

United Maritime has declared a cash dividend of $0.075 per common share, payable on or about October 10 to all shareholders of record as of September 27.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:38 pm

ACTV

BLMN

SCAP

Bloomin' Brands, Inc. (NASDAQ: BLMN) reported Q2 earnings that missed analyst expectations, with adjusted EPS of $0.51 versus the expected $0.58. Quarterly sales were $1.12 billion, slightly below the $1.13 billion estimate, and down 2.9% year-over-year. The company also lowered its FY24 adjusted EPS outlook and expects a decline in U.S. comparable restaurant sales. Despite these challenges, the company declared a quarterly dividend and continued its share repurchase program. BLMN shares are down 2.68% premarket. Investors can also gain exposure through LeaderShares Activist Leaders ETF (NYSE: ACTV) and Series Portfolios Trust InfraCap Small Cap Income ETF (NYSE: SCAP).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 1:30 pm