Streetbeat News

Dividends

TGNA

TEGNA announced its plan to return 40-60% of its 2024-2025 free cash flow to shareholders, amounting to an expected $1.3 billion return of capital from the date of merger termination through 2025, including a $350 million commitment in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:07 pm

CNQ

Canadian Natural Resources (CNQ) shares surged following the announcement of stronger-than-expected Q4 financial results and a 5% increase in its quarterly cash dividend.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:54 pm

ACRE

RC

TWO

Wall Street's most accurate analysts recommend holding three financial stocks with dividend yields over 12%: Two Harbors Investment Corp. (TWO), Ready Capital Corporation (RC), and Ares Commercial Real Estate Corporation (ACRE). These recommendations come amidst market turbulence, with recent financial performances including a wider-than-expected quarterly loss for TWO, downbeat quarterly results for RC, and a fourth-quarter profit for ACRE.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 12:50 pm

ENPH

FNB

MRCY

$11M Bet On Mercury Systems? Notable insider purchases were made in F.N.B. Corporation, Mercury Systems, and Enphase Energy, indicating confidence in these companies. F.N.B. Corporation announced a dividend, Mercury Systems reported disappointing Q2 results, and Enphase Energy received a positive analyst rating.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 12:13 pm

CCOI

Cogent Communications Holdings has announced an increase in its quarterly dividend to $0.965 per share for Q1 2024, up from $0.955 per share in Q4 2023. This marks the forty-sixth consecutive quarterly dividend increase for the company.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:05 pm

BBY

Best Buy announced an increase in its quarterly dividend by 2%, raising it to $0.94 per share.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:02 pm

TTE

TotalEnergies SE (NYSE:TTE) has signed a 16-year sale and purchase agreement with Sembcorp Fuels to deliver up to 0.8 million tons of LNG annually starting in 2027. This deal builds on an existing agreement running until 2029. Additionally, TotalEnergies recently announced partnerships for methane emission detection in India and a majority stake acquisition in the Tungsten Explorer drillship. The company also reported a revenue of $59.237 billion for Q4 FY23, surpassing estimates, despite a 12% decline in hydrocarbon production, and increased its quarterly dividends by 7.1% to €0.79.

Portfolio Pulse from Lekha Gupta

February 29, 2024 | 11:39 am

DOLE

Dole announced a cash dividend of $0.08 per share for the fourth quarter of 2023, which will be payable on April 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:22 am

GOLF

Acushnet Holdings announced a 10.3% increase in its quarterly cash dividend to $0.215 per share, with the payment scheduled for March 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:20 am

XRAY

Dentsply Sirona announced a 14% increase in its quarterly dividend, raising it from $0.14/share to $0.16/share. The new dividend will be payable on April 12, 2024, to shareholders of record as of March 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:08 am