Streetbeat News

Dividends

KSS

Kohl's projects a net sales growth of (-1%)-1% for 2024, with comparable sales expected to grow between 0%-2%. The EPS is forecasted to be between $2.10-$2.70, excluding non-recurring charges. This outlook accounts for the potential impact from credit card late fee regulatory changes in H2 2024. Kohl's plans to invest approximately $500 million in capital expenditures, including expanding its Sephora partnership. Additionally, a quarterly dividend of $0.50 per share has been declared, payable on April 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:11 am

NOTE

FiscalNote has announced the divestiture of its Board.org business to Executive Platforms for a total consideration of up to $103M. Board.org accounts for about 10% of FiscalNote's FY 2023 GAAP revenue.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:01 am

PDCO

Patterson Companies, Inc. (NASDAQ:PDCO) announced a new $500M stock buyback program through March 16, 2027, replacing an expiring authorization with $194.9M left. Additionally, a quarterly dividend of $0.26/share was declared, payable on May 3, 2024, to shareholders of record as of April 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:07 am

CLRO

ClearOne (NASDAQ:CLRO) announced a one-time special cash dividend of $0.50 per share, payable on April 10, 2024, to shareholders of record as of April 2, 2024. This dividend exceeds 25% of the company's common stock value, aligning with FINRA UPC Rule 11140. CEO Derek Graham highlighted the dividend as a share of surplus with shareholders, supporting the company's growth strategy. Future dividends remain at the Board's discretion, with no further dividends currently planned.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:46 pm

ORCL

Oracle Corp (ORCL) reported its fiscal third-quarter results, revealing a 7% year-over-year revenue increase to $13.3 billion, slightly missing estimates. Earnings per share were $1.41, surpassing expectations. The company saw significant growth in its cloud infrastructure and applications segments, with cloud infrastructure revenues up 49%. Oracle's CEO highlighted strong demand for its Gen2 AI infrastructure, expecting hypergrowth to continue. A quarterly dividend of $0.40 per share was announced. Post-earnings, ORCL shares rose 6.58% in after-hours trading.

Portfolio Pulse from Adam Eckert

March 11, 2024 | 8:17 pm

DHI

ITB

LEN

Lennar Corp (NYSE:LEN) is set to report its earnings, with expectations of $2.21 per share, up 4.2% from last year. Warren Buffett invested in Lennar and D.R. Horton (NYSE:DHI), selling the latter after its shares fell post-earnings. Sector rivals like Toll Brothers (NYSE:TOL), NVR Inc. (NYSE:NVR), and Pulte Group (NYSE:PHM) have shown varied results, impacting their stock prices. The iShares U.S. Home Construction ETF (NYSE:ITB) has risen 8% in 2024, buoyed by these companies. Housing market improvements and Lennar's dividend increase and share repurchase program set a positive stage for its earnings report.

Portfolio Pulse from Neil Dennis

March 11, 2024 | 7:59 pm

STI

Solidion Technology Inc (NASDAQ:STI) shares surged by 130% to $1.80, despite no company-specific news. The increase may be attributed to post-IPO volatility, following its debut in February after a merger. The company is focusing on electric vertical takeoff and landing (eVTOL) aircraft technology, highlighting its advancements in lithium-sulfur batteries, with over 100 US patents. Solidion is seeking partnerships to commercialize this technology. Additionally, Solidion pays a dividend yielding 3.34% as of Mar. 11, 2024.

Portfolio Pulse from Henry Khederian

March 11, 2024 | 6:59 pm

ESP

Espey Mfg. & Electronics Corp. has announced an increase in its quarterly dividend from $0.125 to $0.175 per share.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 6:01 pm

JFBR

MESO

PIK

Mesoblast Limited's shares surged by 13.4% after announcing FDA support for an accelerated approval pathway for rexlemestrocel-L. Other stocks also saw significant movements, with Kidpik Corp. leading the gainers with a 238% increase following a reverse stock split announcement. On the losers' side, Jeffs' Brands Ltd dropped by 45.2%. The market movements were influenced by various factors including FDA approvals, strategic plans, financial results expectations, and investment proposals.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 5:41 pm

PBR

Petrobras' CEO Prates has stated he does not plan to leave his role following a disagreement over dividends. His trip to Brasilia to meet President Lula was pre-scheduled and not a result of the spat.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:40 pm