Streetbeat News

Dividends

SLB

Schlumberger N.V. (NYSE:SLB) reported a strong Q2 2024 with a 13% YoY revenue increase to $9.139 billion, beating expectations. The company saw significant international growth, particularly in the Middle East & Asia, and strong performance in its digital and core businesses. Adjusted EPS rose 18% YoY to $0.85, and the company declared a quarterly dividend of $0.275 per share. SLB also repurchased 9.9 million shares for $465 million and aims to return $3.0 billion to shareholders in 2024.

Portfolio Pulse from Akanksha Bakshi

July 19, 2024 | 1:47 pm

IAK

KBWP

TRV

Travelers Companies (NYSE:TRV) reported strong Q2 earnings with core income per share of $2.51, beating the $1.98 consensus forecast. Revenue grew 12% Y/Y to $11.283 billion, missing the $11.341 billion consensus. The company saw significant growth in net written premiums across its Business, Bond & Specialty, and Personal Insurance segments. Despite higher catastrophe losses, improved underwriting gains and higher net investment income contributed to the positive results. TRV shares are trading higher, and the stock has gained around 29% in the last 12 months. Investors can also gain exposure via Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) and IShares U.S. Insurance ETF (NYSE:IAK).

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 1:34 pm

VZ

Verizon Communications Inc. (NYSE: VZ) is set to release its Q2 earnings report on July 22. Analysts expect earnings of $1.15 per share, down from $1.21 a year ago, with revenue projected at $33.06 billion. Scotiabank raised its price target for Verizon from $45.50 to $46.50. Verizon's dividend yield is currently 6.32%, translating to a quarterly dividend of 66 cents per share. Investors would need approximately 2,256 shares, worth $94,910, to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 12:36 pm

CAT

CG

IYR

Caterpillar Inc. (NYSE:CAT) raised its dividend and increased its share repurchase program. iShares U.S. Real Estate ETF (NYSE:IYR) and The Carlyle Group Inc. (NASDAQ:CG) were also highlighted as final trades on CNBC's 'Halftime Report Final Trades'.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 12:27 pm

BSRR

Sierra Bancorp (NASDAQ:BSRR) announced an increase in its quarterly cash dividend from $0.23 to $0.24 per share, marking a 4% rise. The dividend will be paid on August 15, 2024, to shareholders of record as of July 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:04 pm

CAAS

China Automotive Systems shares are trading higher after the company declared a $0.80 special cash dividend.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:51 am

JHX

SHW

SXC

As of July 19, 2024, three materials sector stocks—Sherwin-Williams Co (SHW), SunCoke Energy Inc (SXC), and James Hardie Industries plc (JHX)—are considered overbought based on their RSI values. Investors should be cautious as these stocks may face downward pressure in the short term.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 11:51 am

BDN

EPR

OHI

Wall Street's most accurate analysts have provided their latest ratings on three high-dividend-yielding real estate stocks: Brandywine Realty Trust (BDN), EPR Properties (EPR), and Omega Healthcare Investors, Inc. (OHI). These stocks are known for their high free cash flows and substantial dividend payouts. Analysts have given mixed ratings and adjusted price targets for these stocks, reflecting their current market conditions and future outlooks.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 11:50 am

CAAS

China Automotive Systems (CAAS) has declared a special cash dividend of $0.80 per common share, payable on or about August 22.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:24 am

AXP

American Express (NYSE: AXP) is expected to report higher Q2 earnings, with analysts forecasting $3.25 per share and $16.59 billion in revenue. Recent analyst ratings include Neutral and Overweight, with price targets ranging from $250 to $285. The company declared a quarterly dividend on its preferred shares.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 4:28 am