Streetbeat News

Dividends

LAD

Lithia Motors (NYSE:LAD) exceeded Q2 earnings expectations with an EPS of $7.87, beating the consensus of $7.03. However, revenues fell short at $9.23 billion, missing the $9.33 billion projection. Net income dropped 29% year-over-year. The company rebalanced capital allocation towards shareholder returns and expanded its network. Lithia Motors approved a dividend of 53 cents per share and repurchased 793,000 shares. Adam Chamberlain was promoted to COO.

Portfolio Pulse from Nabaparna Bhattacharya

August 01, 2024 | 12:55 pm

COP

IEO

WEEI

ConocoPhillips (NYSE:COP) reported mixed Q2 2024 results with revenue and adjusted EPS missing consensus estimates. Despite this, the company saw production gains and increased its dividend. The stock is trading higher premarket. Investors can also gain exposure through ETFs like WEEI and IEO.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 12:45 pm

HSY

The Hershey Company (NYSE:HSY) reported disappointing Q2 earnings and sales, missing analyst expectations due to a challenging consumer environment. Adjusted EPS fell 36.8% to $1.27, and sales dropped 16.7% to $2.07 billion. The company cited higher commodity costs and lower retailer inventory as key issues. Despite these challenges, Hershey announced quarterly dividends and adjusted its full-year outlook downward.

Portfolio Pulse from Nabaparna Bhattacharya

August 01, 2024 | 12:35 pm

AAPL

Apple Inc (NASDAQ:AAPL) will release its Q3 earnings on Aug. 1. Investors are eyeing potential gains from Apple's dividends, which currently yield 0.45%. To earn $500 monthly from dividends, an investor would need approximately $1,332,480 worth of Apple shares. Analysts expect Apple to report earnings of $1.35 per share and revenue of $84.53 billion. Apple's streaming results and potential ad-supported plans are also under scrutiny.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 12:26 pm

MCK

McKesson has announced a 15% increase in its quarterly dividend, raising it from $0.62 to $0.71 per share. The dividend will be payable on October 1, 2024, to stockholders of record on September 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:02 pm

WLFC

Willis Lease Finance has declared its first regular quarterly dividend of $0.25 per share, to be paid on August 21, 2024, with a record holder date of August 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:13 am

IRM

Iron Mountain has announced an increase in its quarterly dividend from $0.65 to $0.715.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:49 am

AULT

Ault Alliance plans to issue special dividends to stockholders of its subsidiaries not related to its AI data center business. Hyperscale Data will focus on leveraging its data center assets in Michigan and Montana to capitalize on the growing AI and data center markets in the U.S.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:39 am

CWEN

Clearway Energy, Inc. has announced a 1.7% increase in its quarterly dividend to $0.4171 per share, payable on September 16, 2024, to stockholders of record as of September 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:19 am

GEL

Genesis Energy announced a $0.015 increase in the quarterly distribution per common unit starting with the 3Q distribution, representing a 10% increase over the previous quarter. The distribution is scheduled for November 14, 2024, with an incremental annual cash cost of approximately $7.3 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:06 am