Streetbeat News

Dividends

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

AVGO

Broadcom Inc (NASDAQ:AVGO) shares surged on Thursday following strong Q2 financial results, beating revenue and EPS estimates. The company reported $12.487 billion in revenue and $10.96 EPS, driven by AI demand and VMware. Broadcom also declared a quarterly dividend of $5.25 per share and announced a 10-for-1 stock split. Analysts raised price targets, contributing to the stock's 13.9% increase.

Portfolio Pulse from Adam Eckert

June 13, 2024 | 1:15 pm

SIG

Signet Jewelers Ltd (NYSE:SIG) reported mixed Q1 FY25 results with a 9.5% decline in sales, missing analyst estimates. Despite a beat on adjusted EPS, shares are trading lower. The company remains optimistic about future performance.

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 12:53 pm

CASY

Casey's General Stores, Inc. (NASDAQ:CASY) reported better-than-expected quarterly financial results, with sales and EPS surpassing expectations. The company also increased its quarterly dividend by 16% and provided positive guidance for FY25. Analysts have raised their price targets for the stock following the strong earnings report.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 12:33 pm

KMT

PAYX

RHI

Wall Street's most accurate analysts have provided their ratings on three industrial stocks with over 3% dividend yields: Paychex, Inc. (PAYX), Kennametal Inc. (KMT), and Robert Half Inc. (RHI). These stocks are attractive to investors seeking high dividend payouts during market turbulence.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 12:21 pm

AVGO

DDC

DUO

IONM

NCI

SUPV

Broadcom Inc. (NASDAQ:AVGO) shares surged 13.5% in pre-market trading after posting strong Q2 results, declaring a $5.25 quarterly dividend, and announcing a 10-for-1 stock split. The company also raised its FY 2024 revenue guidance to $51 billion. Other notable pre-market movers include Neo-Concept International Group Holdings Limited (NASDAQ:NCI), Fangdd Network Group Ltd. (NASDAQ:DUO), and Grupo Supervielle S.A. (NYSE:SUPV) among gainers, and Assure Holdings Corp. (NASDAQ:IONM) and DDC Enterprise Limited (NYSE:DDC) among losers.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 12:16 pm