Streetbeat News

Dividends

JBSS

John B. Sanfilippo & Son (JBSS) has declared a special cash dividend of $1.25 per share and a regular annual cash dividend of $0.85 per share, totaling a payout of $24.6 million to stockholders. The dividends will be paid on September 11, 2024, to stockholders of record as of August 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 8:12 pm

KMI

Kinder Morgan has announced its budget for 2024, projecting a net income of $2.7 billion, distributable cash flow (DCF) of $5 billion, and adjusted EBITDA of $8.16 billion. The company also plans to pay a dividend of $1.15 per share.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 8:07 pm

BAC

Bank of America Corp (NYSE:BAC) reported better-than-expected second-quarter results, with net income of $6.9 billion and EPS of 83 cents, beating the consensus estimate of 80 cents. Revenue increased 0.8% year-over-year to $25.54 billion, also surpassing expectations. Following the earnings report, several analysts raised their price targets for BAC.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 5:22 pm

KRO

Kronos Worldwide, Inc. (KRO) has acquired the remaining 50% joint venture interest in Louisiana Pigment Company for $185M, amended its $225M revolving credit facility to $300M, and decreased its quarterly dividend from $0.19 to $0.05 per share.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:29 pm

QCOM

Qualcomm (NASDAQ:QCOM) shares are trading lower following a downgrade from HSBC. The downgrade comes ahead of Qualcomm's earnings report on July 31, where the company is expected to report earnings of $2.25 per share and revenue of $9.212 billion. Despite the downgrade, other analysts have maintained or raised their price targets for Qualcomm. The company also announced a quarterly dividend of 85 cents per share.

Portfolio Pulse from Adam Eckert

July 17, 2024 | 3:22 pm

GCBC

Greene County Bancorp (GCBC) has announced an increase in its quarterly cash dividend from $0.08 to $0.09 per share, resulting in a 12.5% increase in the annual dividend rate to $0.36 per share.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:46 pm

SYF

Synchrony Financial (NYSE:SYF) reported strong Q2 fiscal 2024 results with net interest income of $4.405 billion, beating expectations. Despite a decline in net interest margin, net revenue rose 12.7% and net earnings increased 13% YoY. The company returned $400 million to shareholders and provided a positive FY24 outlook.

Portfolio Pulse from Akanksha Bakshi

July 17, 2024 | 1:08 pm

FCCO

First Community Corporation (FCCO) has announced an increase in its quarterly dividend from $0.14 to $0.15 per share. This marks the 90th consecutive quarter of cash dividends paid to common shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:06 pm

IBM

MEI

XRX

Wall Street's most accurate analysts have provided their ratings on three high-yielding tech stocks: Xerox Holdings Corporation (XRX), Methode Electronics, Inc. (MEI), and International Business Machines Corporation (IBM). These stocks offer dividend yields of over 3%, making them attractive to investors seeking stable returns. Analysts have given mixed ratings, with some downgrades and price target adjustments.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 12:12 pm

DPZ

Domino’s Pizza, Inc. (NYSE:DPZ) is set to release its Q2 earnings report, with analysts expecting an EPS of $3.65 and revenue of $1.1 billion. Wedbush analyst Nick Setyan reiterated an Outperform rating with a $575 price target. Domino’s has a dividend yield of 1.23%, translating to a quarterly dividend of $1.51 per share. To earn $500 monthly from dividends, an investor would need approximately 993 shares, worth $486,421.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 12:12 pm