Streetbeat News

Dividends

NOG

Northern Oil and Gas, Inc. (NOG) has announced an increase in its quarterly dividend to $0.42 per share, representing a 5% sequential increase.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:40 pm

CRC

California Resources Corporation (CRC) has provided its H2 2024 guidance, highlighting $30M in synergies from the Aera merger and $60M in interest savings. CRC has increased its annual dividend to $1.55 per share. The company expects Q3 net production of 141-145 MBoe/d with $90M-$110M in capital expenditures and $375M-$415M in adjusted EBITDAX. CRC repurchased 0.7M shares for $35M in Q2 and completed a $600M senior notes offering to repay debt.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:40 pm

CIX

CompX International has declared a $2.00 special cash dividend and a $0.30 regular quarterly dividend per share. The special dividend is payable on August 28, 2024, and the quarterly dividend is payable on September 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:31 pm

VNOM

Viper Energy shares are trading higher after the company reported better-than-expected Q2 financial results and increased its annual base dividend.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:00 pm

FOXA

Fox Corp (NASDAQ:FOXA) reported Q4 2024 revenues of $3.09 billion, slightly missing analyst expectations but showing growth in affiliate fees and the TV segment. Adjusted net income beat expectations at $0.90 per share. The company anticipates a strong fiscal 2025 driven by the upcoming presidential election and the next Super Bowl. Fox also increased its semi-annual dividend and noted improvements in its advertising business.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 4:42 pm

SPG

Simon Property Group shares are trading higher after the company reported better-than-expected Q2 revenues, raised its dividend, and issued strong FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:36 pm

EXPD

Expeditors International Of Washington, Inc. (NYSE:EXPD) reported a 9% year-over-year revenue increase in Q2 to $2.439 billion, beating expectations. However, EPS fell 5% YoY to $1.24, missing the consensus of $1.26. Operating income decreased by 9.9%, and the company returned $205 million to shareholders. Shares are down 4.27%.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 4:27 pm

BR

SMIG

TMFM

Broadridge Financial Solutions Inc (NYSE:BR) shares are trading higher after reporting Q4 FY24 results. The company saw a 6% Y/Y revenue growth to $1.94 billion, missing the consensus of $1.96 billion. Recurring revenues increased 5% to $1.33 billion, and adjusted EPS rose 9% Y/Y to $3.50, in line with the consensus. The FY25 outlook includes a 5%-7% Y/Y recurring revenue growth and an 8%-12% Y/Y adjusted EPS growth. The company also announced a 10% increase in its annual dividend to $3.52. Investors can gain exposure via Motley Fool Mid-Cap Growth ETF (BATS:TMFM) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSE:SMIG).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 4:26 pm

TAP

Molson Coors Beverage Company (NYSE:TAP) reported strong Q2 2024 results, surpassing earnings and sales estimates. The company achieved adjusted EPS of $1.92 and net sales of $3.252 billion. Despite a slight decrease in net sales, the company grew its bottom line by 5.2%. Molson Coors declared a dividend of $0.44 per share and returned $564 million to shareholders. The company reaffirmed its outlook for 2024, expecting low single-digit sales growth and mid-single-digit growth in underlying income before taxes.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 4:05 pm

AMGN

Amgen Inc. (NASDAQ:AMGN) is set to release its Q2 earnings on Aug. 6, with analysts expecting slight increases in EPS and significant revenue growth. The company declared a $2.25 per share dividend for Q3 2024. Recent analyst ratings show mixed sentiments, with price targets ranging from $303 to $355.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 3:42 pm