Streetbeat News

Dividends

MMC

Marsh & McLennan Companies, Inc. (NYSE:MMC) is anticipated to report higher Q1 earnings with an expected EPS of $2.80, up from $2.53 year-over-year, and revenue of $6.39 billion, up from $5.92 billion. The company declared a quarterly dividend of 71 cents per share, payable on May 15, 2024. Shares rose 0.7% to close at $197.62 recently. Analysts have adjusted their ratings, with Piper Sandler and Wells Fargo downgrading the stock, while Evercore ISI Group and others have adjusted their price targets.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 6:45 am

JNJ

Johnson & Johnson (NYSE:JNJ) reported Q1 earnings with an adjusted EPS of $2.71, surpassing the consensus of $2.64, and sales of $21.38 billion, aligning closely with expectations. The company raised its quarterly dividend to $1.24 per share and updated its fiscal year 2024 sales and EPS guidance, slightly above prior forecasts. Despite the positive results, JNJ shares dropped 0.2%. Analysts from B of A Securities, RBC Capital, and Cantor Fitzgerald adjusted their price targets on JNJ following the earnings announcement.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 5:51 pm

IBKR

Interactive Brokers' stock price increased following the announcement of their Q1 results, which exceeded expectations, and the decision to raise their dividend.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:21 pm

SON

Sonoco (NYSE:SON) has increased its quarterly dividend to $0.52 per share from $0.51, marking the 41st consecutive year of dividend increases. This adjustment raises the annualized dividend to $2.08 per share, with the next payment scheduled for June 10, 2024, to shareholders on record as of May 10, 2024. This move continues Sonoco's long history of dividends since 1925, offering a 3.6 percent yield based on the April 15, 2024, closing price, significantly higher than the S&P 500's yield.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:52 pm

WINA

Winmark Corporation (NASDAQ:WINA) has increased its quarterly cash dividend from $0.80 to $0.90 per share, payable on June 3, 2024, to shareholders of record as of May 15, 2024. Future dividends are subject to Board approval.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:24 pm

INTC

Intel Corporation (NASDAQ:INTC) is expected to report Q1 earnings with a significant improvement over the previous year, projecting earnings of 14 cents per share and revenue of $12.77 billion. The company plans to launch two AI chips for China, adhering to U.S. sanctions. Evercore ISI Group initiated coverage with an In-Line rating and a $40 price target. Intel's dividend yield stands at 1.38%, with calculations showing the investment needed to earn $500 or $100 monthly from dividends. The dividend yield's variability with stock price and payment changes is also highlighted.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 1:05 pm

IAK

KBWP

TRV

Travelers Companies (NYSE:TRV) reported Q1 earnings with a core income per share of $4.69, missing the consensus forecast of $4.90, despite an 8% increase in net written premiums and a 16% increase in total revenues. The company faced elevated catastrophe losses of $712 million pre-tax due to severe wind and hail storms, leading to a stock decline. The Board declared a 5% increase in the quarterly dividend to $1.05 per share. TRV shares are down 3.20% in premarket trading. Exposure to TRV can also be gained through Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) and iShares U.S. Insurance ETF (NYSE:IAK).

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 12:19 pm

CFG

Citizens Financial Group Inc (NYSE:CFG) reported a 7.9% year-on-year decline in Q1 FY24 revenue to $1.959 billion, slightly below estimates. Adjusted net income fell 32% Y/Y to $365 million, but adjusted EPS of $0.79 beat estimates. The company affirmed its FY24 forecast, announced a quarterly dividend of $0.42 per share, and expects a 2% decline in net interest income with 3%-4% growth in noninterest income for Q2. CFG shares rose 0.28% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 12:05 pm

ESS

HST

STAG

Wall Street's most accurate analysts have provided updates on three real estate stocks with over 4% dividend yields: STAG Industrial, Host Hotels & Resorts, and Essex Property Trust. These updates include changes in ratings and price targets, reflecting the analysts' views on the stocks' future performance. The companies are expected to release their first quarter 2024 financial results soon, which could influence their stock prices.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 11:59 am

TRV

Travelers Companies, Inc. has announced a 5% increase in its regular quarterly cash dividend, raising it to $1.05 per share. This decision reflects the company's confidence in its financial stability and commitment to returning value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:04 am