Streetbeat News

Dividends

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

IBKR

Interactive Brokers Group, Inc. (NASDAQ:IBKR) reported better-than-expected Q2 results with a 29% increase in sales and a 28% increase in customer accounts. The company also declared a quarterly dividend of $0.25 per share.

Portfolio Pulse from Erica Kollmann

July 16, 2024 | 8:26 pm

AG

DRD

GDX

GFI

GOLD

HMY

NEM

Gold prices hit a new all-time high, driven by expectations of a Fed rate cut in September. This surge has positively impacted gold mining stocks, with the VanEck Gold Miners ETF (GDX) reaching its highest level since April 2022. Bank of America predicts strong earnings for gold miners, suggesting potential increases in dividends and share buybacks.

Portfolio Pulse from Piero Cingari

July 16, 2024 | 8:02 pm

MS

Morgan Stanley CEO Ted Pick stated that the company is in the early stages of a multi-year investment banking cycle. Dividends are the highest priority for capital use, and acquisitions are not being considered in the short term. Potential opportunities may be explored in 2-3 years. Macroeconomic uncertainties present trading opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:33 pm