Streetbeat News

Dividends

HPP

Hudson Pacific Properties has suspended its common stock dividend to preserve capital amid challenging conditions, while declaring a $0.296875/share dividend on its 4.750% Series C cumulative preferred stock.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:07 pm

IDCC

InterDigital has announced an increase in its quarterly cash dividend from $0.40 to $0.45 per share. This move reflects the company's confidence in its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:01 pm

HPE

IBM

XRX

Analysts have provided ratings for three high-dividend tech stocks: Xerox (XRX), IBM (IBM), and Hewlett Packard Enterprise (HPE). Xerox has a high dividend yield of 9.77% and recent strategic partnership news. IBM, with a 3.28% yield, plans to acquire Accelalpha. HPE, yielding 2.95%, announced a $1.35 billion stock offering.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 11:58 am

SIRI

SiriusXM has confirmed its quarterly dividend and announced a $1.166 billion stock repurchase authorization following the Liberty Media transaction. The dividend is adjusted to approximately 27 cents per quarter.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:28 am

GNK

Genco Shipping & Trading has updated its dividend formula by removing the drydocking capex line item, increasing cash available for shareholder payouts starting Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:00 am

CVGW

Calavo Growers, Inc. (NASDAQ:CVGW) shares rose after reporting strong Q3 earnings, beating analyst expectations. The company also announced a dividend increase, reflecting confidence in its avocado business despite supply disruptions.

Portfolio Pulse from Erica Kollmann

September 09, 2024 | 9:04 pm

CVGW

Calavo Growers shares rose following the release of their Q3 financial results, which exceeded expectations. The company also announced an increase in its dividend.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:34 pm

CVGW

Calavo Growers has announced a 100% increase in its cash dividend, raising it from $0.10 to $0.20 per share. The dividend will be paid on October 30, 2024, to shareholders recorded by October 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:16 pm

ESP

Espey Manufacturing & Electronics Corp. has announced a 25% increase in its quarterly dividend, raising it to $0.25 per share. This move reflects the company's strong financial position and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 6:21 pm

PRGS

RNSC

Progress Software Corporation (NASDAQ:PRGS) is acquiring ShareFile for $875 million, pausing dividends to redirect capital for debt repayment and future investments. The acquisition is expected to boost revenue and customer base significantly. PRGS shares fell 1.59% following the announcement.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 5:49 pm