Streetbeat News

Dividends

TSN

Tyson Foods (NYSE:TSN) is set to release its Q3 earnings report on Aug. 5. The company offers a 3.23% annual dividend yield, translating to $1.96 per share annually. To earn $500 monthly from dividends, an investment of approximately $185,986 is required. Analysts expect Q3 earnings of 65 cents per share and revenue of $13.21 billion. Bank of America Securities recently maintained a Neutral rating but lowered the price target from $62 to $60.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 12:33 pm

INTC

Intel shares are trading lower after the company reported worse-than-expected Q2 financial results and issued soft guidance. The company also suspended its dividend and announced a headcount reduction. Raymond James downgraded the stock following the report.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:16 pm

DEA

MPW

SVC

Wall Street's most accurate analysts have provided their ratings on three high-yielding real estate stocks: Medical Properties Trust, Service Properties Trust, and Easterly Government Properties. These stocks offer dividend yields of over 7%, making them attractive to investors seeking stable returns during market turbulence.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 11:59 am

PPL

PPL Corporation has reaffirmed its 2024 adjusted EPS forecast range of $1.63 to $1.75, with a midpoint of $1.69, slightly below the $1.71 estimate. The company also reaffirmed its projected annual EPS and dividend growth of 6% to 8% through at least 2027.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:38 am

AMD

INTC

NVDA

TSM

Intel shares plummeted 21% in pre-market trading following disappointing Q2 results, a 15% workforce reduction, and dividend suspension. This marks Intel's worst drop since 2000, potentially losing $25 billion in market value. The company struggles to compete with TSMC, Nvidia, and AMD.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 11:35 am

PIPR

Piper Sandler Companies has announced an 8% increase in its quarterly dividend, raising it from $0.60 to $0.65 per share. The dividend will be paid on September 13, 2024, to shareholders of record as of August 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:05 am

ATMU

Atmus Filtration has updated its 2024 guidance, projecting revenues between $1.625 billion and $1.675 billion, and adjusted EPS between $2.15 and $2.40. The company also announced a $0.05 per share quarterly dividend and a $150 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:56 am

BP

EIPX

HJEN

BP p.l.c. (NYSE:BP) shares are trading lower today after the company signed a memorandum of understanding (MoU) with the Iraqi Government for a major redevelopment initiative in the Kirkuk region. The MoU includes investments in oil and gas, power generation, solar energy, and additional exploration activities. BP also completed its acquisition of GETEC ENERGIE GmbH, enhancing its European gas and power footprint. BP reported strong Q2 FY24 results, beating estimates and announcing a 10% increase in interim dividend and $1.75 billion in share buybacks.

Portfolio Pulse from Lekha Gupta

August 02, 2024 | 9:52 am

AAPL

Apple Inc. (NASDAQ:AAPL) returned over $32 billion to shareholders in Q3 FY2024, including $3.9 billion in dividends and $26 billion in share repurchases. The company reported a record June quarter revenue of $85.8 billion and earnings per share of $1.40. Apple announced a $0.25 per share dividend payable on Aug. 15. Despite a 1.68% drop in stock price on Thursday, it rose 0.57% in after-hours trading and is up 17.63% year-to-date.

Portfolio Pulse from Kaustubh Bagalkote

August 02, 2024 | 2:35 am

KGS

Kodiak Gas Services (KGS) has announced an 8% increase in its quarterly cash dividend from $0.38 to $0.41 per share for Q2 2024. The dividend will be paid on August 16, 2024, to stockholders of record on August 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:24 pm