Streetbeat News

Dividends

RCI

Rogers Communication (NYSE:RCI) reported mixed Q2 results with revenues missing expectations but showing growth in adjusted EBITDA and subscriber additions. The company reaffirmed its 2024 outlook and declared a dividend.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2024 | 4:13 pm

HOMB

Home BancShares, Inc. (NYSE:HOMB) announced an 8.3% increase in its quarterly cash dividend, raising it from $0.18 to $0.195 per share. The dividend is payable on September 4, 2024, to shareholders of record on August 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:32 pm

EFRA

SSPX

WAB

Wabtec (NYSE:WAB) reported strong Q2 FY24 results with a 9.8% Y/Y sales growth to $2.644 billion, slightly beating consensus. Despite a 1.6% Y/Y decline in backlog, the company raised its EPS outlook and reiterated its sales guidance. Wabtec shares are down 4.46% following the report.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 3:27 pm

APH

TSLA

Amphenol Corporation (NYSE: APH) reported an 18% increase in fiscal Q2 2024 sales, beating analyst estimates. Adjusted EPS also surpassed expectations. Despite strong financials, the stock slid due to broader semiconductor sector issues and geopolitical tensions. The company announced a 50% dividend increase and provided a positive outlook for Q3.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 3:10 pm

FCX

Freeport McMoRan (NYSE:FCX) has announced a $7.5 billion expansion of its El Abra copper mine in Chile, aiming to boost production to 340,000 metric tons of copper annually by 2025. The expansion includes a new concentrator plant and desalination infrastructure. Additionally, Freeport declared a $0.15 per share dividend and initiated stock buybacks.

Portfolio Pulse from Stjepan Kalinic

July 24, 2024 | 2:23 pm

AXSM

SAP

TRMD

TT

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round,' including TORM plc, Trane Technologies, Axsome Therapeutics, and SAP SE. He highlighted TORM's high dividend yield, recommended buying Trane Technologies and SAP, and described Axsome Therapeutics as a high-risk, high-reward stock. Analysts have recently provided ratings and price targets for these companies.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 1:25 pm

EHC

Encompass Health has announced a 13% increase in its quarterly dividend to $0.17 per share and has reset its stock repurchase authorization to $500 million.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:31 pm

K

MO

PM

Wall Street's most accurate analysts have provided their ratings on three high-dividend-yielding stocks in the consumer staples sector: Kellanova (K), Philip Morris International (PM), and Altria Group (MO). These stocks are favored during market turbulence for their high free cash flows and dividend payouts.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 12:16 pm

APH

Amphenol Corp's Board of Directors has approved a 50% increase in the company's quarterly dividend, raising it from $0.11 to $0.165 per share. The new dividend will be paid on October 9, 2024, to shareholders of record as of September 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:07 pm

NEE

NextEra Energy has reaffirmed its FY2024 adjusted EPS guidance of $3.23-$3.43, aligning closely with the $3.41 estimate. The company also provided EPS expectations for 2025, 2026, and 2027, and plans to grow its dividends per share by approximately 10% annually through at least 2026.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:39 am