Streetbeat News

Dividends

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

LFT

Lument Finance Trust (LFT) has announced an increase in its quarterly dividend from $0.07 to $0.08.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:02 pm

FTHI

KOMP

STLA

Stellantis N.V. (NYSE:STLA) shares are trading lower premarket after the company disclosed its capital return plan and confirmed its 2024 financial guidance. The company expects a double-digit Adjusted Operating Income (AOI) margin and positive industrial free cash flows for 2024, with significant product launches and cost-saving initiatives contributing to growth in the second half of the year. Stellantis also targets a higher dividend payout policy for 2025 and aims to maintain liquidity levels equivalent to 25%-30% of revenues. Investors can gain exposure to Stellantis via First Trust BuyWrite Income ETF (NASDAQ:FTHI) and SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP).

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 11:11 am

ADBE

AVGO

KFY

PLAY

SIG

Key stocks to watch on Thursday include Signet Jewelers, Broadcom, Adobe, Dave & Buster's, and Korn Ferry. Signet Jewelers is expected to report earnings, Broadcom posted strong results and announced a stock split, Adobe is set to release earnings, Dave & Buster's missed earnings estimates, and Korn Ferry is expected to report earnings.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 7:21 am

STLA

Stellantis has confirmed its 2024 financial guidance, aiming for a double-digit Adjusted Operating Income (AOI) margin and €7.7 billion in shareholder returns through dividends and buybacks. The company expects a 10-11% AOI margin in the first half of 2024, with significant product launches and cost initiatives driving improvements in the second half.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 7:01 am

WRB

W. R. Berkley Corporation has announced an increase in its annual dividend from $0.44 to $0.48 per share.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:16 pm

WRB

W. R. Berkley Corporation has declared a special dividend of $0.50 per share.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:16 pm