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Dividends

GE

GEHC

GEV

GE Aerospace (NYSE:GE) reported a 15% YoY adjusted revenue growth for Q1 2024 to $8.1 billion, with orders up 34% to $11 billion. Consolidated revenue, including GE Aerospace and GE Vernova Inc. (NYSE: GEV), grew 11% YoY to $16.1 billion. Adjusted EPS for the consolidated company was $0.82, up from $0.27 a year ago. GE completed the separation of GE Vernova and monetized shares in GE HealthCare Technologies Inc. (NASDAQ:GEHC), leading to a profit margin expansion and a share repurchase. The company raised its full-year profit and free cash flow guidance for 2024.

Portfolio Pulse from Akanksha Bakshi

April 23, 2024 | 1:13 pm

CLF

NUE

Cleveland-Cliffs Inc (NYSE:CLF) and Nucor Corp (NYSE:NUE) shares fell after reporting Q1 financial results that missed analyst estimates. CLF reported revenue of $5.2 billion and earnings of 18 cents per share, missing estimates. NUE reported revenue of $8.14 billion and earnings of $3.46 per share, also missing estimates. Both companies engaged in share repurchases, with CLF also announcing a new $1.5 billion repurchase program. Nucor expects Q2 earnings to decrease due to lower average selling prices in its steel mills segment.

Portfolio Pulse from Adam Eckert

April 23, 2024 | 1:12 pm

GS

SLG

TSM

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Taiwan Semiconductor Manufacturing (TSM), SL Green Realty (SLG), and Goldman Sachs (GS) for their recent financial performances and stock movements. TSM exceeded Q1 financial expectations with a 16.5% revenue increase. SLG reported a 6% yield despite missing sales expectations, and GS reported better-than-expected Q1 earnings, with revenue and EPS beating consensus estimates. Following these reports, TSM, SLG, and GS stocks saw increases in their share prices.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 1:04 pm

TXN

Texas Instruments Incorporated (NASDAQ:TXN) is anticipated to release its Q1 earnings after the market closes on Tuesday, with analysts expecting a decrease in earnings per share from $1.85 to $1.07 and a revenue drop from $4 billion to $3.61 billion year-over-year. Evercore ISI Group's analyst Mark Lipacis initiated coverage with an Outperform rating and a $213 price target. The company offers a 3.18% annual dividend yield, equating to $1.30 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $188,598 is required.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 1:03 pm

APA

NOG

XOM

Wall Street's most accurate analysts have provided updates on three energy stocks with over 3% dividend yields: APA Corporation, Exxon Mobil Corporation, and Northern Oil and Gas, Inc. These updates include maintained ratings and raised price targets, reflecting a positive outlook on these companies' financial performance and dividend payouts. Upcoming financial results and corporate activities such as conference calls, financial results announcements, and updates on hedging results and stock repurchases are highlighted.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 12:03 pm

PEP

PepsiCo Inc (NASDAQ:PEP) reported a 2.3% year-on-year sales growth for Q1 FY24, reaching $18.25 billion and surpassing analyst expectations. The growth was driven by strong international performance, offsetting weaker results in North America. Adjusted EPS of $1.61 beat estimates, and the company reaffirmed its 2024 outlook for organic revenue growth and core constant currency EPS increase. PepsiCo plans to return $8.2 billion to shareholders through dividends and share repurchases.

Portfolio Pulse from Shivani Kumaresan

April 23, 2024 | 11:57 am

ETD

Ethan Allen Interiors has announced an increase in its dividend from $0.36 to $0.39, indicating a positive financial outlook and a commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:14 pm

AMP

Ameriprise Financial has announced an increase in its regular quarterly dividend from $1.35 to $1.48 per share, signaling a strong financial position and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:10 pm

SLB

Schlumberger N.V. (NYSE:SLB) reported a 13% year-over-year increase in Q1 2024 revenue to $8.707 billion, surpassing consensus estimates. Adjusted EPS rose 19% Y/Y to 75 cents, meeting expectations. The company saw growth across all segments, with a notable 18% increase in international revenue. Despite a 6% decline in North American market revenue, CEO Olivier Le Peuch remains optimistic about global revenue growth, particularly with the contribution from the ChampionX acquisition. SLB announced a quarterly dividend of 27.5 cents per share. Following the earnings announcement, several analysts revised their price targets for SLB, with most maintaining a positive outlook but slightly lowering their targets.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 5:48 pm

SO

Southern Company announced an increase in its quarterly dividend from $0.70 to $0.72 per share, with an annualized rate now at $2.88 per share. This marks the 76th consecutive year of paying dividends equal to or greater than the previous quarter and the 23rd consecutive year of dividend increases. The next dividend is payable on June 6, 2024, to shareholders of record as of May 20, 2024. CEO Christoper C. Womack highlighted the company's commitment to providing value through regular, predictable, and sustainable dividend growth.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 3:49 pm