Streetbeat News

Dividends

DIS

Disney (NYSE:DIS) stock has surged over 50% in the past six months, with a 32.50% increase in 2024, driven by CEO Bob Iger's turnaround plans. Key factors include strong Q1 financial performance, Disney+'s success, strategic initiatives like cost-saving measures, and a $3 billion buyback program. The stock hit a 52-week high of $123.74 and shows bullish momentum in technical analysis, trading above its 20 and 50-day SMAs.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 6:12 pm

EVX

RDUS

XME

Radius Recycling, Inc. (NASDAQ:RDUS) shares dropped after reporting Q2 2024 results with revenue of $621.06 million, slightly below consensus. Gross margin and adjusted EBITDA significantly declined from the previous year, with ferrous sales volumes and adjusted EBITDA per ferrous ton sold also decreasing. However, average net ferrous sales prices increased, and finished steel sales volumes rose due to strong demand in the Western U.S. The company announced a plan to cut costs and declared a dividend of $0.1875 per share. Exposure to RDUS can also be gained through ETFs EVX and XME.

Portfolio Pulse from Lekha Gupta

April 04, 2024 | 4:25 pm

PBR

Petrobras shares are trading higher following an agreement between Brazilian ministers for the company to pay extraordinary dividends. This development is seen as a positive move for shareholders, potentially increasing the stock's attractiveness.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:02 pm

PBR

Brazilian ministers have reached an agreement for Petrobras (PBR) to pay extraordinary dividends. This decision is expected to significantly impact the company's financial distribution to shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:19 pm

AMZN

GOOG

META

ONLN

XLY

Amazon.com Inc (NASDAQ:AMZN) is considering a shift in its capital-return policy due to its substantial cash reserves, with potential share buybacks and dividends on the horizon. Unlike its peers Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc (NASDAQ:META), Amazon has been conservative with capital returns. However, with $32 billion in free cash flow in 2023 and expectations to double that in 2024, analysts anticipate a change under CEO Andy Jassy's leadership. Amazon's stock has surged over 77% in the past year, outperforming the Nasdaq 100.

Portfolio Pulse from Anusuya Lahiri

April 04, 2024 | 2:44 pm

PYZ

REGL

RPM

RPM International Inc. (NYSE:RPM) reported third-quarter FY24 results with a slight increase in sales and adjusted EPS beating consensus. Despite positive pricing and volume growth in certain segments, challenges like lower DIY consumer takeaway and tough comparables in disaster restoration offset revenue growth. Geographically, sales growth was strongest in emerging markets. Adjusted EBIT rose significantly, and the company returned $210.1 million to stockholders. RPM expects flat sales and an increase in adjusted EBIT for Q4 FY24. RPM shares are down 3.42%. Investors can also gain exposure through PYZ and REGL ETFs.

Portfolio Pulse from Lekha Gupta

April 04, 2024 | 2:02 pm

LEVI

Levi Strauss & Co (NYSE:LEVI) shares rose in premarket trading after reporting Q1 earnings of 26 cents per share, surpassing analyst estimates of 21 cents. Despite a decline in operating margin and adjusted EBIT margin due to restructuring charges from Project Fuel, the company announced a dividend and raised its FY24 EPS guidance. Sales decreased by 7.76%, but direct-to-consumer revenues grew by 7%. Cash and total liquidity remained strong.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 1:20 pm

GBX

Greenbrier Companies, Inc. (NYSE:GBX) is set to release its Q2 earnings on April 5, 2024, with analysts expecting a decrease in earnings per share from the previous year. The company, known for its dividend yield of 2.20%, has been highlighted for its potential to generate significant dividend income for investors. The article also explains how the dividend yield can fluctuate with changes in stock price and dividend payments. Recently, GBX shares saw a 6% increase, closing at $54.48.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 12:45 pm

NEE

SRE

WTRG

Wall Street's most accurate analysts recommend buying three utilities stocks with over 3% dividend yields: NextEra Energy, Inc. (NEE), Essential Utilities, Inc. (WTRG), and Sempra (SRE). These recommendations are based on their high dividend yields, recent analyst ratings, and significant company news such as earnings reports and regulatory updates.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 11:13 am

GFL

GFL Environmental announced a 10% increase in its quarterly dividend, from $0.013 to $0.014 per share, payable on April 30, 2024, to shareholders of record as of April 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:51 am