Streetbeat News

Dividends

HPQ

HP Inc. (NYSE:HPQ) is set to release its Q2 earnings report, with analysts expecting earnings of 81 cents per share and revenue of $12.6 billion. Barclays analyst Tim Long upgraded HP's rating from Underweight to Equal-Weight and increased the price target from $24 to $30. HP has a dividend yield of 3.33%, translating to a quarterly dividend of 27.56 cents per share. Investors would need approximately $180,447 worth of HP shares to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 1:02 pm

DKS

Dick's Sporting Goods Inc (NYSE:DKS) reported better-than-expected Q1 FY24 earnings, with sales growth of 6.2% year-on-year to $3.02 billion and an adjusted EPS of $3.30. The company raised its full-year EPS outlook to $13.35 – $13.75 and net sales guidance to $13.1 billion – $13.2 billion. DKS shares are trading higher by 7.21% premarket.

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 12:18 pm

COP

FXN

IEO

MRO

RSPG

WEEI

ConocoPhillips (NYSE:COP) is set to acquire Marathon Oil (NYSE:MRO) in an all-stock deal valued at $22.5 billion, offering a 14.7% premium to MRO's closing price on May 28, 2024. The deal is expected to close in Q4 2024, subject to shareholder approval. The acquisition will add significant resources to COP's portfolio and is projected to be immediately accretive to earnings and cash flow. COP plans to increase its dividend and share buybacks post-deal.

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 12:09 pm

DLX

KRT

UPS

Three high-dividend yielding industrial stocks, Deluxe Corporation (DLX), Karat Packaging Inc. (KRT), and United Parcel Service, Inc. (UPS), have received positive ratings from top analysts. DLX and KRT have had recent earnings reports, while UPS announced a key executive departure.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 11:47 am

COP

ConocoPhillips plans to increase its dividend by 34% to $0.78 per share starting in Q4 2024 and expects to repurchase over $20 billion in shares within the first three years, with over $7 billion in the first full year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:07 am

COP

MRO

ConocoPhillips (NYSE:COP) is set to acquire Marathon Oil Corporation (NYSE:MRO) in an all-stock deal valued at $22.5 billion, including $5.4 billion of net debt. The deal offers a 14.7% premium to Marathon Oil's closing share price on May 28, 2024. ConocoPhillips will also boost its dividend by 34% to $0.78 per share and plans to repurchase over $20 billion in shares within the first three years, with $7 billion in the first year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:05 am

BMO

Bank of Montreal (NYSE:BMO) has announced an increase in its quarterly dividend to C$1.55 per share, up from C$1.51. This dividend is payable on August 27, 2024, and represents a 3% increase from the prior quarter and a 5% increase from the prior year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:25 am

GSL

Global Ship Lease, Inc. (NYSE:GSL) announced a 20% increase in its quarterly supplemental dividend to $0.075 per share, reflecting strong performance in the containership charter market. This increase is in addition to the sustainable dividend of $0.375 per share.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:27 pm

DAC

Danaos Corporation (NYSE:DAC) reported Q1 FY24 results with a 4% increase in operating revenues to $253.4 million, missing the consensus of $256.0 million. Adjusted EBITDA declined to $177.2 million, and adjusted EPS of $7.15 missed the consensus of $7.74. Despite these misses, the company secured multi-year chartering agreements and added $423 million to its contracted revenue backlog. DAC shares are down 1.93% following the report.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 5:20 pm

ESLT

Elbit Systems Ltd. (NASDAQ:ESLT) reported first-quarter FY24 revenue of $1.554 billion, beating the consensus of $1.463 billion. Despite this, shares fell 2.89% due to a contraction in adjusted gross margin and flat operating margin. The company declared a $0.50 dividend and secured significant contracts worth over $1 billion.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 4:49 pm