Streetbeat News

Dividends

KBH

KB Home (NYSE:KBH) is set to release its Q2 earnings, with analysts expecting a decrease in EPS from $1.94 to $1.80 and revenue of $1.65 billion. The company recently authorized a $1 billion stock repurchase and increased its quarterly dividend to 25 cents per share. Investors eyeing dividend income would need significant investment to earn $500 monthly. KB Home's stock price rose 0.2% to $69.47.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 12:38 pm

HURC

Hurco Companies, Inc. (HURC) has announced the suspension of its regular quarterly cash dividend, effective immediately. The decision aims to enhance financial flexibility, manage market volatility, and focus on core business reinvestment and R&D.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:12 pm

LEN

Lennar Corporation (NYSE:LEN) is set to release its Q2 earnings after the closing bell on Monday. Analysts expect an increase in both earnings per share and revenue compared to the same period last year. Recent analyst ratings show a mix of Buy, Neutral, and Underperform ratings with varying price targets.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 12:06 pm

IIPR

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced a 4.4% increase in its second quarter 2024 dividend to $1.90 per share, payable on July 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:10 am

WPC

W. P. Carey Inc. (NYSE: WPC) has announced an increase in its quarterly dividend from $0.8650 to $0.87 per share, resulting in an annualized dividend rate of $3.48 per share. The dividend will be payable on July 15, 2024, to stockholders of record as of June 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:31 pm

TPL

Texas Pacific Land Corporation (NYSE:TPL) announced a $10.00 per share special dividend, payable on July 15, 2024, to stockholders of record on July 1, 2024. This is the largest special dividend in TPL's history, representing a 50% increase from the previous special dividend. The company also set a target cash balance of approximately $700 million, with plans to use excess cash for share repurchases and dividends.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:17 pm

CIM

Chimera Investment Corporation has announced an increase in its quarterly dividend from $0.33 to $0.35 per share.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:16 pm

MITT

AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced a 5.6% increase in its quarterly common dividend from $0.18 to $0.19 per share. The dividend is payable on July 31, 2024, to shareholders of record on June 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:08 pm

KFY

PSCI

SOVF

Korn Ferry (NYSE:KFY) shares surged after reporting better-than-expected Q4 FY24 results. Despite a 5.2% Y/Y revenue decline to $699.9 million, the company beat consensus estimates. Adjusted EBITDA and EPS also exceeded expectations. The company increased its quarterly dividend and repurchased shares. Korn Ferry's outlook for Q1 FY25 is positive, with expected EPS and fee revenue above consensus.

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 3:40 pm

NFG

National Fuel Gas Company has approved a 4% increase in its dividend. The quarterly rate has been raised to $0.515 per share from $0.495, and the annual rate is now $2.06 per share, up from $1.98.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:30 pm