Streetbeat News

Dividends

RNR

RenaissanceRe Holdings Ltd. (RNR) has announced a quarterly dividend of $0.39 per share, payable on September 30, 2024, to shareholders of record on September 13, 2024. Additionally, the company's board has approved the renewal of a $500 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:15 pm

HWKN

Hawkins, Inc. (NASDAQ:HWKN) has increased its quarterly cash dividend by 13% from $0.16 to $0.18 per share. The dividend is payable on August 30, 2024, to shareholders of record as of August 16, 2024. Hawkins has a long history of consistent dividend payouts since 1985.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:56 pm

BP

Goldman Sachs has revised estimates for BP p.l.c. (NYSE:BP) following its Q2 FY24 results. Despite missing revenue expectations, BP beat profit estimates and announced a 10% dividend increase and $1.75 billion in share buybacks. The analyst highlighted BP's high free cash flow yield and capital efficiency improvements, reiterating a Buy rating with a $48 price target.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 6:22 pm

MDLZ

Mondelez International (NASDAQ: MDLZ) reported better-than-expected Q2 earnings and raised its dividend. Analysts have increased their price targets following the earnings announcement.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 6:22 pm

MDLZ

Mondelez shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and raised its dividend.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:33 pm

GK

PKB

TT

Trane Technologies (NYSE:TT) reported strong Q2 results, surpassing revenue and EPS expectations, and raised its FY24 guidance. Revenues grew 13% Y/Y to $5.31 billion, and bookings increased 19% Y/Y to $5.34 billion. The company also reported a significant backlog and plans to maintain a competitive dividend while deploying excess cash to shareholders. Investors can gain exposure via Invesco Building & Construction ETF (NYSE:PKB) and AdvisorShares Gerber Kawasaki ETF (NYSE:GK).

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 4:30 pm

WING

Wingstop Inc (NASDAQ:WING) shares are trading lower despite reporting better-than-expected second-quarter FY24 earnings. The company saw significant sales growth, increased digital sales, and higher adjusted EPS. The board approved a dividend increase and the company raised its FY24 outlook.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 2:52 pm

WTRG

Essential Utilities Inc. (NYSE:WTRG) has announced an increase in its quarterly dividend from $0.3071 to $0.3255 per share, a 6.0% increase. The dividend will be payable on September 3, 2024, to shareholders of record on August 12, 2024. This marks the 34th dividend increase in the last 33 years.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:39 pm

GRMN

Garmin Ltd (NYSE:GRMN) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. The company saw significant growth in its Fitness and Marine segments, leading to an increased annual revenue outlook. Despite a slight decline in gross margin, the operating margin improved. Garmin's stock has gained over 69% in the last 12 months but traded lower by 2.70% recently.

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 1:38 pm

KHC

Kraft Heinz (NASDAQ:KHC) reported a 3.6% decline in Q2 FY24 revenue to $6.48 billion, missing analyst estimates. Despite a 1.5% increase in gross profit, operating income fell by 62.1%. The company maintained its FY24 adjusted EPS outlook and declared a $0.40 dividend. Shares are up 2.54% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 1:32 pm