Streetbeat News

Dividends

TJX

The TJX Companies, Inc. (NYSE:TJX) has announced an increase in its quarterly dividend from $0.35 to $0.375 per share, payable on September 5, 2024, to shareholders of record on August 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:06 pm

FERG

Ferguson Plc (NYSE:FERG) reported a 2.4% year-over-year increase in Q3 net sales to $7.308 billion, driven by volume improvements despite a 2% deflation. The company's adjusted gross margin expanded by 50 basis points to 30.5%, while adjusted operating margin remained flat at 9.2%. Adjusted EBITDA rose 2.4% to $722 million. Adjusted EPS increased by 5.5% to $2.32, in line with expectations. Ferguson declared a quarterly dividend of 79 cents per share. The company expects FY24 net sales to be flat year-over-year with an adjusted operating margin of 9.2% – 9.6%.

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 1:49 pm

AXP

TTD

XBI

American Express, Trade Desk, and SPDR S&P Biotech ETF were highlighted in CNBC's 'Final Trades'. American Express reported strong Q1 earnings and declared dividends, while Trade Desk posted better-than-expected Q1 results. SPDR S&P Biotech ETF saw gains during Monday's session.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 1:13 pm

BBWI

Bath & Body Works Inc (NYSE:BBWI) reported a slight decline in Q1 FY24 sales but beat analyst estimates. Despite weaker international sales, the company saw a rise in gross profit and operating income. Adjusted EPS also surpassed expectations. The company narrowed its FY24 EPS and sales guidance. BBWI shares are trading lower by 5.56%.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 1:03 pm

PVH

PVH Corp (NYSE:PVH) is set to release its Q1 earnings report, with analysts expecting earnings of $2.16 per share on $1.93 billion in revenue. Evercore ISI Group has raised its price target for PVH from $130 to $140. PVH recently declared a quarterly dividend of 3.75 cents per share, resulting in a 0.12% dividend yield. The stock closed at $122.48 on Monday, up 2.1%.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 1:01 pm

DCI

EVX

RNEW

Donaldson Company, Inc. (NYSE:DCI) shares are trading higher premarket after reporting strong Q3 FY24 results and raising EPS guidance. Sales increased by 6.0% Y/Y to $927.9 million, beating expectations. The company also raised its FY24 EPS forecast and announced an 8% increase in its quarterly dividend.

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 12:38 pm

D

NWN

SR

Wall Street's most accurate analysts have provided their views on three high-yielding utilities stocks: Northwest Natural Holding Co (NWN), Dominion Energy Inc (D), and Spire Inc (SR). These stocks offer dividend yields over 4% and have received various ratings and price target adjustments from analysts.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 12:04 pm

BBWI

Bath & Body Works (NYSE:BBWI) is set to release its Q1 financial results, with analysts expecting earnings of 32 cents per share and revenue of $1.36 billion. The company recently declared a quarterly dividend of 20 cents per share. Analysts have revised their ratings and price targets, with upgrades and increased targets from JP Morgan, Wells Fargo, UBS, Baird, and BMO Capital.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 7:08 am

GRAL

ILMN

Illumina's Board has approved the spin-off of GRAIL, with 'when-issued' trading expected to start around June 12, 2024. GRAIL will list on Nasdaq as 'GRAL' and Illumina shareholders will receive 85.5% of GRAIL's common stock, while Illumina retains 14.5%.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 9:25 pm

EPRT

Essential Properties Realty Trust (EPRT) has announced an increase in its quarterly dividend by 1.8%, from $0.285 to $0.29 per share. The dividend will be payable on July 12, 2024, to stockholders of record as of June 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 9:01 pm