Streetbeat News

Dividends

MDT

Medtronic Plc (NYSE:MDT) reported strong Q4 2024 earnings, with sales of $8.59 billion beating consensus estimates. The company saw broad-based organic revenue growth across all segments and increased its quarterly dividend. Despite positive results, MDT shares are down 2.64%.

Portfolio Pulse from Vandana Singh

May 23, 2024 | 3:14 pm

Ralph Lauren Corp (NYSE:RL) reported a 2% year-on-year sales growth for Q4 FY24, slightly beating analyst estimates. The company also announced a 10% increase in its quarterly dividend and appointed a new CFO. The outlook for FY25 includes low-single-digit revenue growth and operating margin expansion.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 2:15 pm

AKAN

AKTS

ASTI

MGOL

NVDA

ONMD

ZCAR

The Nasdaq Composite surged over 100 points, driven by strong Q1 results from Nvidia, which also announced a 10-for-1 stock split and a 150% increase in its quarterly dividend. Other notable stock movements included significant gains for OneMedNet Corporation, Ascent Solar Technologies, and Zoomcar Holdings, while MGO Global, Akoustis Technologies, and Akanda Corp saw substantial declines.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 1:55 pm

AVGO

LRCX

NVDA

Several semiconductor stocks, including Micron Technology, Broadcom, and Lam Research, are trading higher in sympathy with Nvidia, which reported strong first-quarter earnings and issued upbeat guidance. Nvidia also announced a 10-for-1 stock split and increased its dividend.

Portfolio Pulse from Adam Eckert

May 23, 2024 | 1:04 pm

FLO

Flowers Foods has announced a 4.3% increase in its quarterly dividend to $0.24 per share, payable on June 20, 2024, to shareholders of record on June 6, 2024. The annualized dividend rate has been raised to $0.96 per share from $0.92 per share last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:03 pm

CYTK

NVDA

ONMD

Market-Moving News for May 23rd: NVIDIA (NVDA) shares rise 7.77% after strong Q1 2025 results, positive Q2 2025 guidance, a 10-for-1 stock split, and increased dividends. Cytokinetics (CYTK) shares fall 16% following a $500 million public stock offering. OneMedNet (ONMD) shares surge 158% due to significant expansion of its iRWD network and platform.

Portfolio Pulse from ryanfaloona@benzinga.com

May 23, 2024 | 12:40 pm

ASTI

ISPC

NVDA

VFC

NVIDIA Corporation (NASDAQ:NVDA) shares surged over 6% in pre-market trading after reporting strong Q1 financial results, issuing robust Q2 guidance, announcing a 10-for-1 stock split, and raising its quarterly dividend by 150%. Other notable pre-market movers include Ascent Solar Technologies, Inc. (NASDAQ:ASTI), iSpecimen Inc. (NASDAQ:ISPC), and V.F. Corporation (NYSE:VFC).

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 12:39 pm

SAR

Saratoga Investment Corp. has announced an increase in its quarterly dividend from $0.73 to $0.74.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:33 pm

ROST

Ross Stores, Inc. (NASDAQ:ROST) is set to release its Q1 earnings, with analysts expecting an EPS of $1.34 and revenue of $4.83 billion. The company recently declared a quarterly dividend of 36.75 cents per share, offering an annual yield of 1.12%. Investors need around 4,082 shares to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 12:19 pm

KMI

OKE

VTS

Three energy stocks with over 4% dividend yields, Vitesse Energy (VTS), Kinder Morgan (KMI), and ONEOK (OKE), have received Buy ratings from highly accurate analysts. These stocks are recommended for their high dividend payouts and strong analyst support.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 12:10 pm