Streetbeat News

Dividends

GEF

Greif, Inc. has announced an increase in its quarterly dividend for both Class A and Class B Common Stock. The dividend for Class A has been raised from $0.52 to $0.54 per share, and for Class B, it is set at $0.81 per share.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 4:41 pm

JWN

Nordstrom Inc (NYSE:JWN) shares are down 2.49% ahead of its Q2 earnings report, expected to show EPS of 71 cents on $3.896 billion revenue. Despite a Q1 sales beat, profitability was below expectations. Nordstrom pays a 3.96% dividend and has a 52-week high of $24.03.

Portfolio Pulse from Henry Khederian

August 27, 2024 | 2:58 pm

BHP

BHP Group reported a $13.7 billion profit for the fiscal year ending June 30, with a focus on expanding copper production despite a challenging macroeconomic environment. The company plans to increase copper output significantly, driven by rising demand for green technology. BHP's dividend was slightly reduced, reflecting cautious optimism amid global economic volatility.

Portfolio Pulse from Stjepan Kalinic

August 27, 2024 | 1:42 pm

IBM

MEI

XRX

Analysts have provided ratings on three high-dividend tech stocks: Xerox, Methode Electronics, and IBM. Xerox faces a sales decline and price target cuts, Methode Electronics awaits earnings, and IBM is undergoing layoffs while receiving price target increases.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 12:54 pm

CWCO

Consolidated Water has announced a dividend increase for Q4, raising it from $0.095 to $0.11 per share.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:33 pm

KSS

Kohl's Corporation (NYSE:KSS) is set to release its Q2 earnings, with analysts expecting a decrease in earnings per share from 52 cents to 45 cents and projected revenue of $3.58 billion. The company offers a high dividend yield of 10.07%, with a quarterly dividend of 50 cents per share. To earn $500 monthly from dividends, an investor would need to own 3,000 shares, worth approximately $59,610. The stock recently closed at $19.87, up 0.7%.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 12:02 pm

ABIO

ARCA Biopharma has updated its special dividend to $1.613 per share in preparation for its merger with Oruka Therapeutics. The dividend will be paid on August 28, 2024, to shareholders of record as of August 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 7:30 am

TUYA

Tuya Inc. (NYSE:TUYA) reported better-than-expected Q2 earnings, with a 100% EPS beat and a 28.55% revenue increase. The company announced a special cash dividend and a CFO transition. Shares rose 2.26% after-hours.

Portfolio Pulse from Erica Kollmann

August 26, 2024 | 9:52 pm

TUYA

Tuya has announced a special dividend of $0.0589 per ordinary share/ADS, totaling approximately $33 million, to be paid in cash from the company's surplus cash and share premium account. The payment is scheduled for October 9, 2024, for ordinary shares and October 15, 2024, for ADS holders.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 9:09 pm

NNLRF

Nova Net Lease, a Canadian cannabis-focused REIT, reported a slight increase in revenue for Q2 2024. The company achieved a net income of $1.81 million, reversing a loss from the previous year. Despite a working capital deficit, the REIT has implemented a cash retention plan, including suspending distributions and reducing executive compensation, to manage its finances.

Portfolio Pulse from Nina Zdinjak

August 26, 2024 | 2:45 pm