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Dividends

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

BP

BP has announced a 10% increase in its interim dividend to 8.000 cents per ordinary share, payable on September 20, 2024. Holders of American Depositary Shares (ADSs) will receive $0.48 per ADS. The ex-dividend date is August 8, 2024, for ordinary shareholders and August 9, 2024, for ADS holders.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:32 am

BMY

GILD

PFE

Wall Street's most accurate analysts recommend holding three high-yielding health care stocks: Gilead Sciences, Pfizer, and Bristol-Myers Squibb. These stocks offer dividend yields over 3% and have received mixed ratings from top analysts.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 1:04 pm

PFE

Pfizer Inc. (NYSE:PFE) is set to release its Q2 earnings, with analysts expecting a drop in EPS from 67 cents to 46 cents, but a slight increase in revenue to $13.02 billion. The European Commission has approved Pfizer's gene therapy DURVEQTIX for hemophilia B. Pfizer's dividend yield stands at 5.46%, translating to a quarterly dividend of 42 cents per share. Investors would need approximately $109,880 worth of Pfizer shares to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 12:25 pm

CTVA

Corteva, Inc. (NYSE:CTVA) announced an increase in its quarterly dividend from $0.16 to $0.17 per share, representing an annual increase of over 6%. The dividend is payable on September 17, 2024, to shareholders of record on September 3, 2024. This marks the fourth dividend increase since Corteva's 2019 spin-off, highlighting the company's focus on margin expansion, sustainable growth, and returning capital to shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:01 pm

NOG

Northern Oil and Gas (NOG) plans to increase its Q3 dividend by 5% to $0.42 per share. The company repurchased 895,076 shares in Q2 2024 and 1,444,432 shares in H1 2024, allocating $55 million to share repurchases and $80 million to dividends year-to-date. NOG's Board approved a new $150 million stock repurchase authorization in July 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 11:08 am

MCD

McDonald's Corporation (NYSE:MCD) is set to release its Q2 financial results on July 29. Analysts expect earnings of $3.07 per share, down from $3.17 a year ago, and revenue of $6.61 billion, up from $6.27 billion. The company declared a quarterly dividend of $1.67 per share. Recent analyst ratings have mostly maintained their ratings but lowered price targets.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 7:25 am

SWK

Stanley Black & Decker shares are trading higher after the company announced it raised its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 5:16 pm

PFIS

Peoples Financial Services Corp. (NASDAQ: PFIS) has increased its quarterly dividend by 50.6% to $0.6175 per share, payable on September 13, 2024. This increase follows the completion of its merger with FNCB Bancorp, Inc.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 3:52 pm