Streetbeat News

Dividends

GOOG

GOOGL

Alphabet Inc reported Q1 earnings with a 15% year-over-year revenue increase to $80.539 billion, surpassing estimates. Earnings per share were $1.89, beating forecasts. The company announced a $70 billion buyback and its first-ever dividend of 20 cents per share. Alphabet's strong performance was attributed to its leadership in AI, with significant contributions from Google Search, YouTube, and Google Cloud revenues. No forward guidance was provided.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 8:30 pm

FIX

Comfort Systems announced an increase in its quarterly dividend from $0.25 to $0.30, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:23 pm

GOOG

GOOGL

Alphabet's board has initiated a cash dividend program, declaring a dividend of $0.20 per share. This marks a significant shift in the company's capital return strategy to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:23 pm

MSFT

Microsoft Corp reported a 17% increase in Q3 revenue to $61.9 billion, surpassing estimates of $60.804 billion, with earnings of $2.94 per share beating the $2.82 forecast. This marks the fifth consecutive quarter Microsoft has exceeded analyst expectations. Revenue growth was seen across Productivity and Business Processes (12%), Intelligent Cloud (21%), and More Personal Computing (17%), highlighted by a 62% increase in Xbox content and services revenue. CEO Satya Nadella emphasized Microsoft's AI transformation through Copilot technologies. The company returned $8.4 billion to shareholders and did not provide future guidance in the earnings release. After hours, MSFT shares rose 6.01% to $421.96.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 8:15 pm

HWC

Hancock Whitney, symbol HWC, has announced an increase in its quarterly dividend from $0.30 to $0.40, signaling a positive outlook on its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:01 pm

GDX

GDXJ

NEM

Newmont Corp. (NYSE:NEM) shares surged 13% after reporting Q1 2024 earnings that exceeded expectations, with a 38% increase in EPS and a 50% rise in revenue from the previous year. This performance sparked a rally in the gold mining sector, with the VanEck Gold Miners ETF (NYSE:GDX) and the VanEck Junior Gold Miners ETF (NYSE:GDXJ) also seeing gains. Other gold miners like Buenaventura Mining Company Inc. (NYSE:BVN), DRDGOLD Limited (NYSE:DRD), and AngloGold Ashanti plc (NYSE:AU) among others, reported significant one-day market gains.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 6:38 pm

CCOEY

Capcom ADR (OTC:CCOEY) has raised its full-year earnings forecast due to the success of Dragon's Dogma 2 and Street Fighter 6, increasing the net income forecast from ¥40 million to ¥43.3 million. The dividend forecast is set at ¥70 per share. Despite a turbulent launch for Dragon's Dogma 2, it sold 2.2 million units by early April 2024. Capcom also plans to increase starting salaries for new graduates in Fiscal Year 2025 and will make a special payment to employees in fiscal year 2024. Capcom's stock is currently up 1.83% at $8.34.

Portfolio Pulse from Franca Quarneti

April 25, 2024 | 6:04 pm

GCOW

QUVU

UL

Unilever PLC (NYSE:UL) shares rose following its Q1 FY24 earnings report, showing a 1.4% Y/Y turnover increase to 15.0 billion euros, with underlying sales growing 4.4%. The company saw strong performance across its Power Brands, Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. Unilever reiterated its FY24 sales growth outlook of 3% to 5%, with a focus on volume growth. Last month, Unilever announced plans to separate its Ice Cream business. UL shares are up 6.22% at $51.06.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 5:43 pm

PBR

The Brazilian government has proposed in a shareholders meeting that Petrobras (PBR) should distribute 50% of its extra dividends based on the 2023 financial results, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:03 pm

AVY

Avery Dennison Corporation (NYSE:AVY) has increased its quarterly dividend from $0.81 to $0.88 per share, a 9% rise. The new dividend will be payable on June 20, 2024, to shareholders of record as of June 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:02 pm