Streetbeat News

Dividends

PBR

Petrobras' CEO emphasized the need to continue exploring the Pelotas Basin and acknowledged investor demands for dividends. The CFO announced that the FPSO vessel Almirante Tamandare is set to start production in 2025. A tax deal with the government was beneficial for Petrobras, and the capital reserve was used to pay dividends, which would have been difficult without the reserve.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:28 pm

AQN

Algonquin Power & Utilities shares are trading lower after the company reported worse-than-expected Q2 revenue results and reduced its quarterly dividend by 40% to $0.065 per share.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:17 pm

AQN

Algonquin Power & Utilities Corp. (NYSE:AQN) shares dropped 10.4% after reporting mixed Q2 FY24 results, announcing the sale of its renewable energy business, and cutting its dividend by 40%. The company missed revenue expectations but exceeded EPS estimates. The sale of the renewable energy business is expected to close by Q1 2025, providing net cash proceeds of $1.6 billion.

Portfolio Pulse from Lekha Gupta

August 09, 2024 | 3:16 pm

BABA

JD

TCEHY

Alibaba, Tencent, and JD.com are set to report earnings amid economic challenges in China. Despite the tough landscape, these companies are focusing on enhancing shareholder returns through strategies like stock buybacks. Alibaba approved a $4.0 billion dividend for fiscal year 2024, while JD.com used $2.14 billion in free cash flow for the first quarter. The slowing Chinese economy is impacting their operations, with Alibaba and JD.com increasing spending on consumer perks to stimulate sales growth. Alibaba's stock has lost over 15% in the last 12 months, and JD.com has lost over 31%.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 1:52 pm

REFI

SSIC

Silver Spike Investment Corp. (NASDAQ:SSIC) reported higher Q2 net income and declared a $0.25 dividend. The company saw total investment income of $3.1 million and net investment income of $1.5 million. Net asset value per share slightly decreased due to dividend payments. Silver Spike also announced a loan portfolio acquisition agreement with Chicago Atlantic Loan Portfolio (NASDAQ:REFI).

Portfolio Pulse from Nina Zdinjak

August 09, 2024 | 1:37 pm

HD

Home Depot (NYSE:HD) is set to release its Q2 earnings report on Aug. 13. Analysts expect earnings of $4.50 per share, down from $4.65 last year, and revenue of $43.37 billion. Telsey Advisory Group maintains a Market Perform rating with a $360 price target. Home Depot offers a 2.59% annual dividend yield, translating to $2.25 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $232,343 is needed.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 12:10 pm

AQN

Algonquin Power & Utilities has declared a Q3 dividend of $0.065, which is a 40% reduction from the Q2 dividend. The company aims to create long-term value for shareholders by focusing on improving earnings and capital sustainability in a higher cost of capital environment.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:48 am

CHK

MUR

PSX

Wall Street's most accurate analysts have spotlighted three high-dividend-yielding energy stocks: Chesapeake Energy Corporation (CHK), Murphy Oil Corporation (MUR), and Phillips 66 (PSX). These stocks are favored for their high free cash flows and substantial dividend payouts. Analysts have provided various ratings and price targets for these stocks, with recent earnings reports and strategic moves also highlighted.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 10:29 am

CHRW

C.H. Robinson Worldwide has announced an increase in its quarterly cash dividend from $0.61 to $0.62 per share, payable on October 1, 2024, to shareholders of record on September 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:26 pm

LNG

LNGG

LNGZ

Cheniere Energy (NYSE:LNG) reported mixed Q2 FY24 results with a 21% Y/Y revenue decline to $3.251 billion, missing consensus estimates. Adjusted EBITDA fell 29% Y/Y to $1.32 billion due to lower gas prices and higher long-term contract sales. Despite this, EPS of $3.84 exceeded expectations. The company raised its FY24 adjusted EBITDA and Distributable Cash Flow outlooks and announced a 15% increase in its quarterly dividend starting Q3 2024. Cheniere also signed a long-term LNG sale agreement with Galp Trading. Investors can gain exposure via LNG, LNGG, and LNGZ ETFs.

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 4:08 pm