Streetbeat News

Dividends

AZZ

AZZ Inc. (NYSE:AZZ) is set to release its Q4 earnings on April 22, 2024, with analysts expecting a decrease in EPS from the previous year but an increase in revenue. The company has raised its FY25 guidance due to strong market performance. AZZ offers a dividend yield of 0.91%, and calculations show the number of shares needed to earn $500 or $100 monthly from dividends. The stock price recently fell by 0.9% to $74.80.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 12:22 pm

POR

Portland General Electric (POR) announced an increase in its quarterly dividend to $0.50/share, up from $0.475/share last quarter, payable on July 15, 2024, to shareholders of record as of June 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:52 am

KMI

Kinder Morgan's stock is trading higher following the announcement of its Q1 earnings and an increase in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 7:30 pm

VALU

Value Line, Inc. (NASDAQ: VALU) has increased its quarterly cash dividend from $0.28 to $0.30 per common share, marking the tenth consecutive year of dividend increases. The new dividend will be payable on May 10, 2024, to shareholders of record as of April 29, 2024. This adjustment elevates the annual dividend to $1.20 per share, with 9,422,983 shares of common stock outstanding as of April 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 7:25 pm

DGIN

EDOG

WIT

Wipro Ltd (NYSE:WIT) reported Q4 results with gross revenue of $2.67 billion, surpassing the $2.65 billion consensus, and an EPS of 7 cents, aligning with expectations. Despite a 6.4% Y/Y decline in IT Services revenue, the company anticipates steady growth, projecting Q1 IT Services revenue between $2.617 billion and $2.670 billion. Wipro's stock rose 3.5% following the announcement, and it is also accessible through VanEck Digital India ETF (NYSE:DGIN) and ALPS Emerging Sector Dividend Dogs ETF (NYSE:EDOG).

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 2:17 pm

SLB

Schlumberger N.V. (NYSE:SLB) reported a 13% year-over-year revenue increase to $8.707 billion for Q1 2024, surpassing expectations. The growth was significantly driven by the Aker subsea business from the OneSubsea joint venture. Despite a 6% decline in North American revenue, international markets saw robust growth, particularly in the Middle East & Asia and Europe & Africa. Adjusted EPS matched consensus at $0.75, with adjusted EBITDA up 15% Y/Y. SLB announced a quarterly dividend and plans to return $7 billion to shareholders over the next two years, buoyed by confidence in global revenue growth and the ChampionX acquisition.

Portfolio Pulse from Akanksha Bakshi

April 19, 2024 | 1:36 pm

BX

Blackstone Inc (NYSE:BX) reported Q1 FY24 earnings with adjusted revenues of $2.55 billion, surpassing the consensus of $2.49 billion. Distributable earnings rose 1% Y/Y to $1.27 billion, with earnings per share of $0.98 beating the consensus of $0.97. Assets under management increased by 7% Y/Y to $1.06 trillion. The company declared a quarterly dividend of 83 cents per share. Despite the positive earnings, Blackstone shares fell 2.3% to close at $120.32. Post-earnings, JP Morgan and Barclays adjusted their price targets on Blackstone to $100 and $125, respectively.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 1:18 pm

IIPR

Innovative Industrial Properties, Inc (NYSE:IIPR) announced a Q1 2024 dividend of $1.82 per share, following better-than-expected Q4 earnings. Piper Sandler raised the price target from $85 to $103. The company's dividend yield stands at 7.75%. To earn a monthly dividend income of $500, an investor would need to own approximately 824 shares, valued around $77,357.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 12:40 pm

KBH

KB Home (NYSE:KBH) announced a $1 billion stock repurchase plan and a 25% increase in its quarterly dividend, from $0.20 to $0.25 per share. This move follows a prior authorization with $113.6 million remaining and is part of a strategy to return value to shareholders while maintaining growth. The company plans to repurchase $200-$400 million in shares in 2024, including $50 million already completed in Q1. The dividend increase results in an annualized rate of $1.00 per share, reflecting a 1.6% yield based on the April 17, 2024 closing price. KB Home's strong balance sheet, with $668.1 million in cash and equivalents as of February 29, 2024, supports these initiatives. KBH shares saw a 1.04% increase in premarket trading to $61.04.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 12:21 pm

PG

Procter & Gamble Co (NYSE:PG) reported a slight sales growth of 1% Y/Y in Q3 FY24 to $20.195 billion, missing estimates. Organic sales grew 3%, driven by higher pricing. Adjusted EPS of $1.52 beat estimates, with gross profit up 7% and operating income rising 5%. P&G raised its FY24 EPS growth outlook and plans to return over $9 billion to shareholders through dividends and share repurchases. Shares fell 1.30% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 11:59 am