Streetbeat News

Dividends

NVDA

NVIDIA Corporation (NASDAQ:NVDA) has seen a significant rally following its stronger-than-expected earnings report, with shares jumping around 21% since the announcement. The company reported better-than-expected financial results for its first quarter, issued strong guidance for the second quarter, announced a 10-for-1 stock split, and raised its quarterly dividend by 150%. The stock has surged 186% since the end of May 2023, driven by high demand for AI development chips. Investors looking to earn $500 monthly from dividends would need to invest approximately $17,223,750.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 12:29 pm

KSS

Kohl's has updated its 2024 financial outlook, expecting net sales to decrease by 2%-4% and comparable sales to decrease by 1%-3%. The company also revised its EPS guidance to $1.25-$1.85, down from the previous $2.10-$2.70. Capital expenditures are projected at $500 million, and a quarterly dividend of $0.50 per share has been declared.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:11 am

RY

Royal Bank of Canada (RY) has announced a 3% increase in its quarterly common share dividend, raising it by four cents to C$1.42 per share. The dividend is payable on August 23, 2024, to shareholders of record as of July 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:11 am

BWLP

BW LPG Limited declared a Q1 cash dividend of $1.00 per share, representing 106% of earnings from shipping activity and 93% of total earnings for the quarter. The company reported strong quarterly performance with a daily TCE of USD 61,500 per available day and USD 59,400 per calendar day, generating a net profit after tax (NPAT) of USD 150 million or earnings per share of USD 1.07.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:49 am

BWLP

BW LPG Limited reported a strong Q1 performance with an EPS of $1.07, a daily TCE of USD 61,500, and a NPAT of USD 150 million. The company declared a Q1 cash dividend of USD 1.00 per share. BW LPG also announced a multi-year cargo contract with Enterprise Product Partners and successfully listed on the NYSE on 29 April 2024.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:47 am

ZBH

Zimmer Biomet plans to return at least 65% of its free cash flow to shareholders through dividends and share buybacks. The board has approved a new stock repurchase program of up to $2 billion in common stock. The company also provided its long-range plan for 2024-2027, which includes mid-single-digit percentage revenue growth, adjusted EPS growth at least 1.5 times revenue growth, and free cash flow growing at least 100 basis points faster than adjusted EPS.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:09 pm

ERNZ

NAT

Nordic American Tankers Limited (NYSE:NAT) reported disappointing Q1 FY24 results, missing revenue and EPS estimates. The company is expanding its fleet, with several new vessels expected in the coming years. NAT shares dropped 8.75% following the news.

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 4:59 pm

CRM

Salesforce Inc (NYSE:CRM) shares are in focus ahead of its earnings report. Analysts expect earnings of $2.38 per share and revenue of $9.147 billion. Salesforce has a history of beating estimates and recently declared its first-ever cash dividend and increased its share repurchase program by $10 billion. Recent analyst ratings include an Outperform from RBC Capital, a price target cut from Wells Fargo, and a Buy from Goldman Sachs.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 4:01 pm

BMY

CVS

JNJ

KO

O

PFE

T

VZ

The article discusses the economic impact of the baby boomer generation's retirement, highlighting conflicting views on whether their spending habits are preventing a recession or if they are being overly cautious with their wealth. It also mentions several high-dividend stocks that could benefit from boomer investment strategies.

Portfolio Pulse from Natan Ponieman

May 29, 2024 | 2:51 pm

AAPL

MSFT

NVDA

Nvidia Corporation (NASDAQ:NVDA) is rapidly approaching the market capitalizations of Microsoft Corporation (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) after strong first-quarter earnings and guidance. Nvidia's shares hit new all-time highs, closing at $1,140.53, with a market cap of $2.805 trillion. The company needs to reach $1,180.31 per share to surpass Apple and $1,295.79 per share to surpass Microsoft. Analysts have raised price targets, and Nvidia's recent dividend increase and stock split could attract new investors.

Portfolio Pulse from Chris Katje

May 29, 2024 | 1:14 pm