Streetbeat News

Dividends

CLX

Clorox has announced an increase in its quarterly dividend from $1.20 to $1.22 per share, payable on August 30, 2024, to shareholders of record on August 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 9:02 pm

SWKS

Skyworks Solutions Inc (NASDAQ:SWKS) reported mixed Q3 results with earnings per share missing estimates but sales beating expectations. The company also increased its quarterly dividend by 3%. Despite a decrease in both earnings and sales compared to last year, the company remains optimistic about future growth driven by generative AI applications. Skyworks expects Q4 revenue to be between $1 billion to $1.04 billion and non-GAAP EPS of $1.52 at the mid-point.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 8:55 pm

DK

DKL

Delek Logistics Partners has declared a Q2 2024 cash distribution of $1.09 per unit, annualized at $4.36 per unit. The distribution is payable on August 16, 2024, to unitholders of record on August 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:49 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 30, 2024 | 8:42 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) reported Q3 earnings with revenue missing estimates at $9.1 billion, while EPS was in line at 93 cents per share. Comparable store sales declined 3% globally. The company opened 526 new stores and saw a 7% increase in U.S. rewards memberships. Starbucks declared a cash dividend of 57 cents per share.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 8:31 pm

MDLZ

Mondelēz International has announced an 11% increase in its quarterly dividend, raising it from $0.425 to $0.47 per share. The dividend will be payable on October 14, 2024, to shareholders of record as of September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:22 pm

SWKS

Skyworks Solutions has announced a 3% increase in its quarterly dividend, raising it from $0.68 to $0.70 per share. The dividend will be payable on September 10, 2024, to stockholders of record as of August 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:03 pm

SWKS

Skyworks Solutions has provided its Q4 earnings guidance, expecting non-GAAP EPS of $1.52 versus the estimated $1.51, and revenue between $1.00 billion and $1.04 billion versus the estimated $1.01 billion. The company anticipates a 20% sequential increase in its mobile business and modest improvement in broad markets. Additionally, Skyworks announced an increase in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:03 pm

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