Streetbeat News

Dividends

GS

Goldman Sachs Group, Inc. (NYSE:GS) is anticipated to release its Q1 earnings on April 15, 2024, with expected earnings of $8.56 per share and revenue of $12.92 billion. JMP Securities analyst Devin Ryan maintained a Market Outperform rating and raised the price target from $440 to $460. Goldman Sachs offers a 2.77% annual dividend yield, equating to $2.75 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $216,627 or 545 shares is needed. Shares of Goldman Sachs fell 0.8% to close at $397.48 recently.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 12:34 pm

CSWI

CSW Industrials announced an increase in its quarterly dividend from $0.19 to $0.21, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:33 pm

ALGT

KMT

TRN

Wall Street's most accurate analysts have provided updates on three high-dividend yielding industrials stocks: Kennametal Inc. (KMT), Allegiant Travel Company (ALGT), and Trinity Industries, Inc. (TRN). These updates include changes in price targets and ratings, reflecting the analysts' views on the current and future performance of these companies. Notably, Kennametal has appointed a new President & CEO, Allegiant reported its February 2024 traffic, and Trinity Industries is set to report its Q1 2024 financial results soon.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 11:57 am

BLK

DIVL

FDFF

BlackRock, Inc. (NYSE:BLK) reported strong first-quarter FY24 results with an 11% revenue growth to $4.728 billion, surpassing consensus estimates. The company saw increases in investment advisory, administration fees, and technology services revenue, alongside a net inflow of $57 billion. Adjusted operating income and EPS also rose significantly. Total AUM reached $10.5 trillion. BLK announced a quarterly dividend of $5.10 and share repurchases worth $375 million. The company is focusing on growth in infrastructure, technology, and retirement solutions. BlackRock also issued $3 billion in debt for an acquisition and is considering selling a U.K. gas pipeline network. BLK shares rose 2.68% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 12, 2024 | 11:22 am

TRGP

Targa Resources has announced an increase in its quarterly cash dividend from $0.50 to $0.75 per share, to be paid on May 15, 2024, to shareholders of record as of April 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:06 pm

AAPL

C

IIPR

TSLA

ZG

Innovative Industrial Properties (IIPR), a cannabis-focused real estate investment trust, has outperformed major stocks like Tesla (TSLA), Apple (AAPL), Citigroup (C), and Zillow Group (ZG) over the past year with a return of 36.26%. IIPR has been paying quarterly dividends since Q2 2017 and reported a slight increase in net income for Q4 2023. The company owns 108 properties across the U.S. and will be a topic at the upcoming Benzinga Cannabis Capital Conference.

Portfolio Pulse from Nina Zdinjak

April 11, 2024 | 4:45 pm

AEO

American Eagle Outfitters Inc (NYSE:AEO) has been upgraded from Neutral to Overweight by JPMorgan analyst Matthew Boss, with a price target increase from $26 to $31, following upbeat Q4 earnings and a positive meeting with management. The company is expected to see 3% to 5% revenue growth in its flagship brand and Aerie. The upgrade is based on a profitability inflection leading to mid-to-high teens operating income growth, with a financial plan that includes conservative estimates for revenue growth and product margins. The plan is expected to deliver 15-20% total shareholder returns, driven by EBIT growth, a 2.0% dividend yield, and increased share repurchases.

Portfolio Pulse from Priya Nigam

April 11, 2024 | 4:21 pm

FUL

H.B. Fuller Company (NYSE:FUL) has announced an 8.5% increase in its quarterly dividend, raising it from $0.205 to $0.2225 per share, payable on May 9, 2024, to shareholders of record as of April 25, 2024. This marks the 55th consecutive year of dividend increases for the company.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:00 pm

COST

Costco Wholesale Corp (NASDAQ:COST) shares rose after reporting a 9.4% year-over-year increase in March sales to $23.48 billion and a quarterly dividend increase from $1.02 to $1.16 per share. Total comparable sales increased by 7.7%, with e-commerce sales surging 28.3%. The company's net sales for the first 31 weeks of the year reached $146.64 billion, up 6.4% from the previous year. Telsey Advisory Group maintained an Outperform rating on Costco with a price target of $800.

Portfolio Pulse from Adam Eckert

April 11, 2024 | 1:22 pm

STZ

Constellation Brands Inc (NYSE:STZ) reported Q4 FY24 sales of $2.14 billion, up 7.1% Y/Y, beating estimates. Beer sales rose 11% to $1.702 billion, while Wine and Spirits fell 6%. Operating income surged 35% to $629.4 million, with an operating margin of 29.4%. Comparable EPS was $2.30, above the $2.09 estimate. The company declared a 13% higher dividend of $1.01 per share and expects FY25 net sales growth of 6%-7% and Comparable EPS of $13.50-$13.80. STZ shares rose 0.73% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 11, 2024 | 1:08 pm