Streetbeat News

Dividends

PSX

Phillips 66 (NYSE:PSX) is set to release its Q1 earnings on April 26, 2024, with analysts forecasting a decrease in earnings per share to $2.17 from $4.21 year-over-year and a revenue drop to $33.08 billion from $35.09 billion. The company recently raised its quarterly dividend from $1.05 to $1.15 per share. Shares fell 0.4% to $157.24 recently. Analysts from Barclays, Wells Fargo, Piper Sandler, JP Morgan, and Goldman Sachs have updated their ratings and price targets for PSX, reflecting a generally positive outlook.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 6:48 am

GOOG

GOOGL

Alphabet Inc. announced its first dividend during its Q1 earnings, sparking discussions about its status as a tech company, a concern previously raised by PayPal co-founder Peter Thiel in 2012. Thiel had warned that issuing a dividend could signal a lack of technological innovation. Despite this, Alphabet reported a 15% revenue increase year-over-year to $80.539 billion and earnings of $1.89 per share, surpassing analyst expectations. CEO Sundar Pichai projects significant growth, particularly from YouTube and Cloud businesses, and emphasizes Alphabet's commitment to AI with a $12 billion capital expenditure. Alphabet's Class A and Class C stocks saw significant increases in after-hours trading.

Portfolio Pulse from kaustubh@benzinga.com

April 26, 2024 | 5:36 am

GOOGL

INTC

MSFT

ROKU

TSLA

Major U.S. indices fell, with Alphabet, Microsoft, Intel, Roku, and Tesla being the top trending stocks. Alphabet announced a $70B buyback and its first dividend, Microsoft and Roku reported revenue increases, Intel missed sales estimates, and Tesla's stock is expected to rise according to Ron Baron.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 2:35 am

CHCT

Community Healthcare Trust has announced an increase in its quarterly dividend from $0.4575 to $0.46 per share, payable on May 24, 2024, to shareholders of record as of May 10, 2024. This change brings the annualized dividend to $1.84 per share.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:51 pm

PH

Parker has announced an increase in its quarterly cash dividend from $1.48 to $1.63 per share, signaling a strong financial position and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:10 pm

IR

Ingersoll Rand Inc. (NYSE:IR) announced a $1 billion increase to its share repurchase authorization and expects to fully utilize its existing $750 million authorization by the end of FY24. Additionally, a regular quarterly cash dividend of $0.02 per share was declared, payable on June 6, 2024, to stockholders of record on May 16, 2024. The repurchase program may include open market purchases, privately negotiated transactions, or other methods, depending on market conditions and other factors.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:08 pm

SYY

Sysco Corporation (NYSE:SYY) has announced an increase in its quarterly dividend from $0.50 to $0.51 per share, payable on July 26, 2024, to stockholders of record as of July 5, 2024. This decision highlights Sysco's commitment to shareholder returns and its status as a Dividend Aristocrat, with a planned annual dividend increase of $0.04 for fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:06 pm

PFG

Principal Financial Group has increased its quarterly dividend by $0.02 to $0.71 per share for Q2.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:06 pm

FHI

Federated Hermes announced a 10.7% increase in its quarterly dividend to $0.31 per share and declared a special dividend of $1. This move reflects the company's strong financial position and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:45 pm

FIX

Comfort Systems shares surged following the announcement of stronger-than-expected Q1 financial results and a hike in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:38 pm