Streetbeat News

Dividends

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

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