Streetbeat News

Dividends

IRDM

Iridium Communications Inc (NASDAQ:IRDM) shares surged after reporting strong Q2 earnings of 27 cents per share, beating expectations. Despite missing sales estimates, the company saw a 13% year-over-year growth in billable subscribers, driven by commercial IoT. Iridium plans to continue aggressive shareholder-friendly activities in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 2:35 pm

FMAT

SHW

XLB

Sherwin-Williams (NYSE: SHW) reported strong Q2 FY24 results with adjusted EPS of $3.70, beating expectations, and a slight revenue increase to $6.27 billion, though missing analyst estimates. The company raised its 2024 EPS guidance and expects low-single-digit sales growth. SHW shares rose 4.20% following the news.

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 2:00 pm

AQWA

PIO

PNR

Pentair plc (NYSE:PNR) reported a Q2 2024 earnings beat with net sales rising 2% Y/Y to $1.099 billion, slightly above the consensus. The company saw improvements in operating income and margins, and adjusted EPS rose 18% Y/Y to $1.22, surpassing expectations. Despite economic headwinds, Pentair updated its FY24 outlook and announced a quarterly dividend. Investors can gain exposure via Invesco Global Water ETF (NASDAQ:PIO) and Global X Clean Water ETF (NASDAQ:AQWA).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 1:42 pm

GIPR

LUXH

MDRR

SGD

The article highlights four oversold real estate stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Luxurban Hotels Inc (NASDAQ:LUXH), Generation Income Properties Inc (NASDAQ:GIPR), Medalist Diversified REIT Inc (NASDAQ:MDRR), and Safe & Green Development Corp (NASDAQ:SGD).

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 1:16 pm

NXST

OMC

SIRI

Wall Street's top analysts have provided their latest ratings on three high-yielding tech and telecom stocks: Omnicom Group Inc. (OMC), Sirius XM Holdings Inc. (SIRI), and Nexstar Media Group, Inc. (NXST). These stocks offer dividend yields over 3% and have received various ratings and price target adjustments from analysts.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 12:58 pm

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) is set to release its Q2 earnings report, with analysts expecting an increase in earnings per share and revenue compared to the previous year. The company has also decided to abandon its plan to eliminate cookies in its Chrome browser. Alphabet's current dividend yield is 0.44%, and investors would need to own a significant number of shares to generate substantial monthly dividend income.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 12:27 pm

FBP

First BanCorp has announced a new repurchase program of up to $250 million, which could include repurchases of common stock or junior subordinated debentures. Additionally, the company declared a quarterly cash dividend of $0.16 per share, payable on September 13, 2024. The repurchase program is expected to be executed through the end of Q4 2025.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 9:19 pm

AROC

Archrock Inc. (AROC) announced the acquisition of Total Operations and Production Services for $983 million in cash and stock. The transaction is expected to be immediately accretive to EPS and cash available for dividends. The acquisition adds 580,000 horsepower of young assets and expands electric motor drive compression capabilities. A conference call is scheduled for July 23.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:48 pm

NBTB

NBT Bancorp has announced an increase in its quarterly dividend from $0.32 to $0.34 per share, marking a 6.3% increase. This is the twelfth consecutive year of annual dividend increases. The dividend will be paid on September 13, 2024, to stockholders of record as of August 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:35 pm

CBNK

Capital Bancorp has announced an increase in its quarterly dividend from $0.08 to $0.10 per share.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:20 pm