Streetbeat News

Dividends

MCHP

Microchip Technology has announced a 10.7% increase in its quarterly cash dividend, raising it from $0.41 to $0.454 per share. The company's financial performance for the June 2024 quarter met expectations, with customers managing inventory levels in response to demand dynamics.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:15 pm

BCC

Boise Cascade has announced an increase in its quarterly dividend to $0.21 per share and a special dividend of $5.00 per share. These dividends will be paid on September 16, 2024, to stockholders of record on September 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:13 pm

CSL

Carlisle Companies Incorporated (NYSE:CSL) announced an 18% increase in its quarterly dividend from $0.85 to $1.00 per share, payable on September 3, 2024. This marks the 48th consecutive annual dividend increase for the company.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:06 pm

INTC

Intel Corp (NASDAQ: INTC) shares fell after reporting weak Q2 results, missing earnings and revenue estimates. The company announced a $10 billion cost-reduction plan, including a 15% headcount reduction and suspension of its dividend starting Q4 2024. Intel expects a Q3 loss and lower revenue.

Portfolio Pulse from Erica Kollmann

August 01, 2024 | 8:28 pm

RMD

ResMed has announced an increase in its quarterly dividend from $0.48 to $0.53.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:25 pm

INTC

Intel has announced the suspension of its dividend starting in Q4 2024 to prioritize liquidity for strategic investments. The company remains committed to a competitive dividend in the long term as cash flows improve.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:05 pm

HWKN

Hawkins shares are trading higher after the company reported better-than-expected Q1 financial results and raised its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:36 pm

IRM

Iron Mountain shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY24 AFFO guidance above estimates. Additionally, the company increased its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:36 pm

CRAK

DINO

FXN

HF Sinclair Corporation (NYSE:DINO) reported its Q2 FY24 results, showing flat revenues but a significant drop in adjusted EBITDA due to reduced refinery gross margins. Despite this, the company beat EPS expectations and declared a dividend. Shares are trading lower following the report.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 4:43 pm

IRM

Iron Mountain Inc (NYSE:IRM) reported Q2 financial results, showing mixed performance with EPS missing estimates but revenue beating expectations. The company saw significant growth in storage rental and service revenue, leading to a 15.1% increase in adjusted EBITDA. AFFO also increased by 11.8%, and the company raised its quarterly dividend by 10%. Iron Mountain affirmed its full-year 2024 guidance, expecting revenues towards the upper end of the $6 billion–$6.15 billion range.

Portfolio Pulse from Anusuya Lahiri

August 01, 2024 | 3:38 pm