Streetbeat News

Dividends

SYY

Sysco Corp (NYSE:SYY) reported Q4 FY24 sales growth of 4.2% to $20.556 billion, missing the analyst estimate of $20.573 billion. Despite this, adjusted EPS of $1.39 beat the consensus of $1.38. The company plans for consistent growth in FY25, targeting a 4%-6% CAGR for net sales and 6%-8% for adjusted EPS.

Portfolio Pulse from Shivani Kumaresan

July 30, 2024 | 2:07 pm

CPA

DLX

GOGL

Wall Street's most accurate analysts have provided their ratings on three high-yielding industrial stocks: Deluxe Corporation (DLX), Copa Holdings (CPA), and Golden Ocean Group (GOGL). These stocks offer dividend yields over 4%, making them attractive during market turbulence. Analysts have given mixed ratings, with some raising price targets and others downgrading their recommendations.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 12:46 pm

HWM

WBIL

XAR

Howmet Aerospace Inc. (NYSE:HWM) reported strong Q2 FY24 results, with revenue and EPS beating expectations. The company announced a $2 billion increase in its share repurchase program and a 60% increase in its quarterly dividend. The FY24 outlook was also raised. HWM shares are up 12.3% premarket.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 12:32 pm

HWM

Howmet Aerospace shares are trading higher following better-than-expected Q2 earnings, strong guidance, a raised dividend, and an increased buyback authorization.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:31 pm

HWM

Howmet Aerospace has raised its dividend from $0.05 to $0.08 per share and increased its common stock repurchase authorization by $2 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:30 pm

BGCP

BGC Partners, Inc. has declared a quarterly qualified cash dividend of $0.02 per share.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:21 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) is set to release its fiscal Q4 earnings, with analysts expecting an increase in both EPS and revenue. Piper Sandler has reiterated an Overweight rating and raised the price target. The article also discusses how investors can earn $500 monthly from Microsoft's dividends.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 12:12 pm

PG

Procter & Gamble (P&G) has provided its fiscal year 2024 and 2025 outlook. For FY24, P&G expects revenue between $85.72B and $87.40B and adjusted EPS between $6.91 and $7.05. For FY25, P&G anticipates all-in sales growth of 2-4%, organic sales growth of 3-5%, and diluted net EPS growth of 10-12%. The company also expects a $500 million headwind from commodity costs and foreign exchange, and plans to pay $10 billion in dividends and repurchase $6-7 billion in shares.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:01 am

EPD

Enterprise Products Partners reported a Q2 2024 Distributable Cash Flow (DCF) of $1.8 billion, up from $1.7 billion in Q2 2023. The company declared a 5% increase in distributions to $0.525 per common unit, providing 1.6 times coverage and retaining $661 million of DCF.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:03 am

BP

EIPX

HJEN

BP PLC (NYSE:BP) reported mixed Q2 FY24 results with EPS beating estimates but revenues missing expectations. The company announced a 10% dividend increase and completed $1.75 billion in share buybacks. BP's hydrocarbon production saw a slight decline, while its renewables pipeline grew. The company anticipates lower upstream production in Q3 FY24. Investors can gain exposure to BP via Direxion Hydrogen ETF (ARCA: HJEN) and First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (ARCA: EIPX).

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 9:41 am