Streetbeat News

Dividends

ALGT

Allegiant Travel Company has suspended its quarterly cash dividend effective immediately to meet capital requirements for fleet investments.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:15 pm

VIRT

Virtu Financial, Inc. (NASDAQ:VIRT) shares surged 18.6% after the company reported better-than-expected Q2 financial results. The company posted adjusted EPS of 83 cents, beating the expected 60 cents, and adjusted net trading income of $385.08 million, surpassing the $331.57 million consensus. Total revenues increased by 36.7% to $693.0 million. Virtu also declared a quarterly cash dividend of $0.24 per share.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 3:31 pm

KMI

Kinder Morgan (NYSE: KMI) reported Q2 FY24 revenue of $3.57 billion, missing the consensus of $4.12 billion. Despite the miss, the company saw improved performance in its Natural Gas Pipelines, Products Pipelines, and Terminals segments. Adjusted EPS rose 4% Y/Y to $0.25, missing the consensus of $0.26. The project backlog increased to $5.2 billion, with 80% allocated to lower-carbon energy investments. The board approved a cash dividend of $0.2875 per share. KMI shares are up 3.19% at $21.19.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:25 pm

BX

LBO

PSP

Blackstone Inc (NYSE:BX) reported strong Q2 FY2024 results, with adjusted revenues of $2.796 billion beating expectations. Distributable earnings rose 3% Y/Y to $1.25 billion, while fee-related earnings fell 3% Y/Y. Assets under management increased 7% Y/Y to $1.076 trillion. The company declared a quarterly dividend of $0.82 and repurchased 2.0 million shares. BX shares are up 3.76% following the news.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:14 pm

PPG

PPG Industries' board has approved a 3-cent increase in its quarterly dividend, raising it from $0.65 to $0.68 per share. The dividend is payable on September 12 to shareholders of record as of August 12.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:01 pm

AXP

American Express (NYSE: AXP) is set to release its Q2 earnings on July 19, with analysts expecting an EPS of $3.25 and revenue of $16.59 billion. Compass Point initiated coverage with a Neutral rating and a $260 price target. The article also discusses how investors can earn $500 monthly from AXP's dividends.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 12:25 pm

DOW

HUN

SMG

Wall Street's most accurate analysts have spotlighted three high-dividend-yielding materials stocks: Dow Inc. (DOW), Huntsman Corporation (HUN), and The Scotts Miracle-Gro Company (SMG). Analysts have provided updated ratings and price targets for these stocks, highlighting their potential for investors seeking dividend income.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 12:23 pm

VIRT

Virtu Financial has declared a quarterly cash dividend of $0.24 per share, payable on September 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 11:07 am

DPZ

Domino's Pizza Inc (NYSE:DPZ) reported worse-than-expected Q2 revenue, leading to a 10.2% drop in its stock price. The company saw a 7.1% sales growth to $1.097 billion, missing the $1.103 billion estimate. Despite a 4.8% increase in U.S. same-store sales and a 2.1% increase internationally, the company suspended its 1,100+ global net store outlook. EPS of $4.03 beat the $3.66 estimate. Domino's declared a $1.51 per share quarterly dividend and repurchased $25 million in shares.

Portfolio Pulse from Shivani Kumaresan

July 18, 2024 | 10:56 am

ABT

Abbott Laboratories (NYSE:ABT) is set to release its Q2 financial results on July 18, with analysts expecting earnings of $1.10 per share and revenue of $10.37 billion. Recent analyst ratings include a mix of Buy, Overweight, and Equal-Weight ratings with price targets ranging from $107 to $140.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 7:05 am