Streetbeat News

Dividends

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

PFE

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

HPQ

HP Inc. (NYSE:HPQ) is set to release its Q2 earnings report, with analysts expecting earnings of 81 cents per share and revenue of $12.6 billion. Barclays analyst Tim Long upgraded HP's rating from Underweight to Equal-Weight and increased the price target from $24 to $30. HP has a dividend yield of 3.33%, translating to a quarterly dividend of 27.56 cents per share. Investors would need approximately $180,447 worth of HP shares to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 1:02 pm

DKS

Dick's Sporting Goods Inc (NYSE:DKS) reported better-than-expected Q1 FY24 earnings, with sales growth of 6.2% year-on-year to $3.02 billion and an adjusted EPS of $3.30. The company raised its full-year EPS outlook to $13.35 – $13.75 and net sales guidance to $13.1 billion – $13.2 billion. DKS shares are trading higher by 7.21% premarket.

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 12:18 pm

COP

FXN

IEO

MRO

RSPG

WEEI

ConocoPhillips (NYSE:COP) is set to acquire Marathon Oil (NYSE:MRO) in an all-stock deal valued at $22.5 billion, offering a 14.7% premium to MRO's closing price on May 28, 2024. The deal is expected to close in Q4 2024, subject to shareholder approval. The acquisition will add significant resources to COP's portfolio and is projected to be immediately accretive to earnings and cash flow. COP plans to increase its dividend and share buybacks post-deal.

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 12:09 pm

DLX

KRT

UPS

Three high-dividend yielding industrial stocks, Deluxe Corporation (DLX), Karat Packaging Inc. (KRT), and United Parcel Service, Inc. (UPS), have received positive ratings from top analysts. DLX and KRT have had recent earnings reports, while UPS announced a key executive departure.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 11:47 am