Streetbeat News

Dividends

ESP

Espey Mfg. & Electronics Corp. (NYSE:ESP) has increased its quarterly dividend from $0.175 to $0.20 per share, a 14% rise. The dividend will be payable on June 24, 2024, to shareholders of record on June 17, 2024. Additionally, the company has signed a new employment agreement with its President and CEO, David O'Neil.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:07 pm

ABM

ABM Industries Inc. (NYSE:ABM) reported mixed Q2 2024 results with a slight sales growth and a decline in operating profit. Despite the mixed results, the company raised its adjusted EPS outlook and shares are trading higher.

Portfolio Pulse from Akanksha Bakshi

June 06, 2024 | 2:46 pm

SJM

J.M. Smucker Company (NYSE:SJM) reported its fourth-quarter FY24 earnings, showing a 1.3% decline in sales to $2.21 billion, missing estimates. However, adjusted EPS of $2.66 beat expectations. Gross profit increased by 15%, and the company provided a positive outlook for FY25. SJM shares are up 2.87% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 12:56 pm

CVS

CVS Health Corporation (NYSE: CVS) shares closed slightly higher on Wednesday. JPMorgan analyst Lisa Gill maintained an Overweight rating but lowered the price target from $101 to $86. Baird analyst Michael Ha initiated coverage with a Neutral rating and a price target of $61. CVS Health reported Q1 sales of $88.4 billion, missing the consensus of $89.21 billion, and lowered its 2024 adjusted EPS guidance. The company has a dividend yield of 4.38%, translating to a quarterly dividend of 66.5 cents per share. To earn $500 monthly from CVS dividends, an investor would need approximately 2,256 shares, worth around $136,939.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 12:42 pm

DIN

F

HAS

Wall Street's most accurate analysts have provided their latest ratings on three high-dividend-yield consumer stocks: Dine Brands Global, Ford Motor Company, and Hasbro. These stocks are noted for their high free cash flows and substantial dividend payouts. The analysts' ratings and recent news for each company are highlighted.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 11:31 am

ABM

ABM Industries has declared a cash dividend of $0.225 per common share, payable on August 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:08 am

UHT

Universal Healthy Realty Income Trust (UHT) has announced an increase in its quarterly dividend from $0.725 to $0.73.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:27 pm

ODC

Oil-Dri Corporation has announced an increase in its quarterly cash dividend by approximately 7% to $0.31 for its common stock and to $0.233 for its Class B stock.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:25 pm

FIXT

MYLD

REVG

REV Group, Inc. (NYSE:REVG) shares surged after reporting better-than-expected Q2 FY24 results, with net sales of $616.9 million beating estimates. Despite a decline in the Recreational Vehicles segment, the Specialty Vehicles segment saw growth. Adjusted EPS of $0.39 exceeded expectations. The company also declared a quarterly dividend and lowered its FY24 outlook.

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 4:42 pm

ASML

GOOG

PFE

VTR

Alphabet, Ventas, ASML, and Pfizer were highlighted on CNBC's 'Final Trades.' Alphabet announced a $2 billion investment in Malaysia, Ventas reported strong Q1 results, ASML missed sales expectations, and Pfizer's stock is breaking above its 50-day moving average.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 1:28 pm