Streetbeat News

Dividends

AAUKF

Anglo American plc (OTC:AAUKF) announced a $1.6 billion writedown on its Woodsmith fertilizer project, leading to a $672 million loss for the first half of the year. The company is undergoing a comprehensive restructuring plan, focusing on divesting non-core units and concentrating on copper, iron ore, and crop nutrients. Despite setbacks, CEO Duncan Wanblad remains optimistic about the company's core divisions.

Portfolio Pulse from Stjepan Kalinic

July 25, 2024 | 5:09 pm

UNP

Union Pacific Corporation (NYSE:UNP) reported mixed Q2 2024 results with operating revenue of $6.01 billion, missing the consensus of $6.06 billion. EPS beat expectations at $2.74. The company projects an uncertain volume outlook for the second half of 2024 but remains optimistic about profitability. UNP plans to repurchase $1.5 billion in shares and has increased its quarterly dividend by 3%.

Portfolio Pulse from Akanksha Bakshi

July 25, 2024 | 3:51 pm

RCL

Royal Caribbean Cruises Ltd (NYSE:RCL) reported strong Q2 FY24 earnings with a 16.6% sales growth, beating analyst estimates. The company reinstated its dividend and raised its FY24 guidance. Despite positive results, RCL shares are trading slightly lower in premarket.

Portfolio Pulse from Shivani Kumaresan

July 25, 2024 | 1:29 pm

AM

CVI

DHT

Wall Street's most accurate analysts have provided their latest ratings on three high-yielding energy stocks: CVR Energy, DHT Holdings, and Antero Midstream. These stocks offer dividend yields over 6%, making them attractive during market turbulence. Analysts have mixed ratings and price targets for these stocks, reflecting varying outlooks.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 1:28 pm

CFR

Cullen/Frost Bankers declared a Q3 dividend per share of $0.95, a 3.3% increase from the previous $0.92. The dividend is payable on September 13, 2024, to shareholders of record on August 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:05 pm

LHX

L3Harris Technologies (NYSE:LHX) is expected to report Q2 earnings of $3.18 per share, up from $2.97 a year ago, with projected revenue of $5.3 billion. The company declared a quarterly dividend of $1.16 per share, yielding 1.96%. Investors need 1,293 shares to earn $500 monthly from dividends. LHX shares fell 1.2% to $237.15.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 12:30 pm

KVUE

Kenvue has announced a 2.5% increase in its quarterly cash dividend, raising it from $0.20 to $0.205 per share. The third quarter dividend will be payable on August 28, 2024, to shareholders of record as of August 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:59 am

EIPI

EIPX

TTE

TotalEnergies SE (NYSE:TTE) reported Q2 adjusted EPS of $1.98, missing the consensus of $2.09, but sales of $53.74 billion topped the consensus of $46.35 billion. Hydrocarbon production fell 1% Y/Y, while the company saw a 4% decline in Exploration & Production and a 14% increase in Integrated LNG businesses. The Board decided to keep the second interim dividend at €0.79 per share for fiscal year 2024, a nearly 7% increase from 2023. TotalEnergies repurchased 28.1 million shares in Q2 2024 for $2 billion and approved a $2 billion share buyback for Q3 2024. The company anticipates hydrocarbon production of 2.4-2.45 Mboe/d and a refinery utilization rate above 85% in Q3 2024. Investors can gain exposure to the stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) and First Trust Exchange-Traded Fund VIII FT Energy Income Partners Enhanced Income ETF (NYSE:EIPI).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 10:55 am

BAC

FTXO

KBWB

Bank of America (NYSE:BAC) shares are trading higher premarket after the company authorized a $25 billion share buyback program starting August 1, 2024. The bank also raised its quarterly cash dividend to $0.26 per share and declared a regular quarterly cash dividend of $1.75 per share on its 7% Cumulative Redeemable Preferred Stock, Series B. BAC reported better-than-expected Q2 earnings and revenue, and its stock has gained over 30% in the last 12 months. Investors can gain exposure to BAC via First Trust Nasdaq Bank ETF (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 9:50 am

HFBL

Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) announced an increase in its quarterly dividend to $0.13 per share, payable on August 19, 2024, to shareholders of record as of August 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:03 pm