Streetbeat News

Dividends

SOHO

Sotherly Hotels has reiterated its FY2024 financial outlook, maintaining its adjusted FFO (Funds From Operations) projection at $0.64 to $0.69 per share, against an estimate of $0.66. The company expects total revenue to range between $178.952 million and $182.567 million, closely aligning with the estimated $182.5 million. Other key projections include a net income of $1.598 million to $2.593 million, a net loss available to common stockholders and unitholders between $6.377 million and $5.382 million, and a RevPAR (Revenue Per Available Room) of $117.16 to $119.52.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:38 am

CWEN

Clearway Energy announced a 1.7% increase in its quarterly dividend to $0.4102 per share for the second quarter of 2024, resulting in an annualized dividend of $1.64 per share.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:18 am

HIMX

Himax Technologies' shares surged following the announcement of their Q1 results, which exceeded expectations. The company also provided positive Q2 guidance and declared an annual cash dividend.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:36 am

HIMX

Himax Technologies announced an annual cash dividend of $0.29 per ADS, totaling $51 million, payable on July 12, 2024. This dividend represents a payout ratio of 100% of the previous year's profit.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:34 am

RAND

Rand Capital Corporation (NASDAQ:RAND) announced an increase in its quarterly cash dividend from $0.25 to $0.29 per share for Q2 2024, a 16% rise. The dividend is payable on June 14, 2024, to shareholders of record as of May 31, 2024. The increase reflects the company's strong business operations and positive outlook. Rand aims to continue enhancing shareholder value through dividend growth, focusing on investments in income-producing debt instruments to support sustainable dividend increases.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:26 pm

OR

Osisko has announced an increase in its dividend from C$0.06 to C$0.065, indicating a positive financial outlook and potential for increased investor interest in the company.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:24 pm

BGSF

BGSF, Inc. has announced the suspension of its quarterly dividend and has initiated a process to evaluate potential strategic alternatives. This move indicates the company is exploring options to enhance shareholder value, which could include mergers, acquisitions, or a sale of the company. The suspension of dividends is a significant decision, reflecting the company's focus on evaluating its strategic options and potentially reallocating its resources.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:02 pm

ATO

Atmos Energy (ATO) has raised its FY24 EPS guidance from $6.45-$6.65 to $6.70-$6.80, surpassing the $6.60 estimate. The company also increased its fiscal 2024 capital expenditure guidance to approximately $3.1 billion and declared a quarterly dividend of $0.805 per share, indicating an annual dividend of $3.22 for fiscal 2024, an 8.8% increase from fiscal 2023. CEO Kevin Akers highlighted the employees' dedication to safety and customer service as key to these positive outcomes.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:56 pm

CENT

CENTA

Central Garden & Pet forecasts its FY24 non-GAAP EPS to be $2.00 or better, adjusting to $2.50 before the February 2024 stock dividend, against an estimate of $2.23. This outlook, amidst uncertain consumer demand and macroeconomic volatility, excludes impacts from acquisitions, divestitures, or restructuring, including the TDBBS acquisition and Cost and Simplicity program initiatives. The company plans $70 million in capital spending for fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:53 pm

BHP

CMP

IDR

IE

USAU

Gold King, a subsidiary of U.S. Gold (NYSE:USAU), received a key permit from the Wyoming Department of Environmental Quality, advancing its project development. Ivanhoe Electric (NYSE:IE) and BHP (NYSE:BHP) launched a mining alliance to explore and develop projects in the Southwest U.S., with BHP funding $15 million initially. Compass Minerals (NYSE:CMP) reported fiscal Q2 results, announcing dividend suspension to save $25 million annually and other cost-saving measures. Idaho Strategic Resources (NYSE:IDR) signed an MOU with Radiant Industries to potentially operate meltdown-proof microreactors.

Portfolio Pulse from austin@walkonholdings.com

May 08, 2024 | 8:12 pm