Streetbeat News

Dividends

CAT

Caterpillar Inc. (NYSE:CAT) shares are rising after the company announced an 8% dividend increase and a $20 billion addition to its share repurchase program. The company also reported strong earnings, surpassing EPS estimates but slightly missing revenue expectations.

Portfolio Pulse from Vaishali Prayag

June 12, 2024 | 5:37 pm

CAT

Caterpillar Inc. (NYSE:CAT) has announced an 8% increase in its quarterly dividend to $1.41 per share and expanded its share repurchase authorization by $20 billion, allowing for up to $21.8 billion in stock buybacks.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:33 pm

JNJ

MDT

RPRX

Wall Street's most accurate analysts have spotlighted three high-dividend-yielding health care stocks: Royalty Pharma (RPRX), Johnson & Johnson (JNJ), and Medtronic (MDT). Analysts have provided updated ratings and price targets for these stocks, which are known for their high free cash flows and substantial dividend payouts.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 1:15 pm

IMOS

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced that shareholders approved a cash dividend of approximately $1.11 per ADS. The dividend was declared on February 22, 2024, and approved at the AGM on May 30, 2024. Key dates include the ex-dividend date on June 27, 2024, and the distribution date on July 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:11 pm

FDX

FedEx Corp. (NYSE:FDX) plans to cut up to 2,000 jobs in Europe to reduce costs, expecting annual savings of $125-$175 million starting in fiscal 2027. The restructuring will incur pre-tax costs of $250-$375 million through fiscal 2026. Additionally, FedEx's Board approved a 10% increase in the annual dividend rate to $5.52 per share for fiscal 2025.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 1:04 pm

FIZZ

National Beverage Corp. has declared a special dividend of $3.25 per share.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:02 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) is set to release its Q2 earnings, with analysts expecting an EPS of $10.84 and revenue of $12.03 billion. The company recently announced new low-power 400G PCIe Gen 5.0 Ethernet adapters. Broadcom has a dividend yield of 1.44%, translating to a quarterly dividend of $5.25 per share. Investors would need to own 286 shares to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 12:52 pm

CASY

EATZ

PSL

Casey's General Stores (NASDAQ:CASY) shares are surging premarket after reporting strong Q4 and FY24 results, with sales and EPS exceeding expectations. The company also announced a 16% dividend increase and plans for significant store expansion in FY25.

Portfolio Pulse from Lekha Gupta

June 12, 2024 | 12:17 pm

CION

CION Investment Corporation (NYSE:CION) has declared a mid-year supplemental distribution of $0.05 per share for the period ending June 30, 2024. This brings the total distributions declared in the first half of 2024 to $0.75 per share. The supplemental distribution will be payable on July 12, 2024, to shareholders of record as of June 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:12 pm

CASY

Caseys General Stores shares are trading higher after the company reported better-than-expected Q4 financial results and increased its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:00 pm