Streetbeat News

Dividends

RPM

RPM International Inc. (NYSE:RPM) is set to release its Q3 earnings before the opening bell on April 4, 2024, with analysts forecasting an earnings increase to 46 cents per share from 37 cents year-over-year, and revenue expectations of $1.52 billion. The company also announced a quarterly dividend of 46 cents per share, payable on April 30, 2024. Shares rose 1.4% to $118.52 recently. Analysts from UBS, BMO Capital, Mizuho, RBC Capital, and JP Morgan have provided various ratings and price targets for RPM, reflecting a generally positive outlook.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 4:54 am

PSX

Phillips 66 (NYSE:PSX) has increased its quarterly dividend from $1.05 to $1.15 per share, a 10% rise, payable on June 3, 2024, to shareholders of record as of May 20, 2024. This decision reflects the company's confidence in its financial growth and commitment to shareholder value, with plans to return $13 billion to $15 billion to shareholders through dividends and share repurchases by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 3:02 pm

INVH

PLD

SUI

Wall Street's most accurate analysts recommend three real estate stocks with over 3% dividend yields: Sun Communities, Inc. (SUI), Prologis, Inc. (PLD), and Invitation Homes Inc. (INVH). These stocks are highlighted for their high dividend yields and recent analyst ratings adjustments, with upcoming quarterly results announcements for SUI and PLD, and a recent dividend declaration by INVH.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 1:12 pm

LVO

LiveOne announced the conversion of $11.3M Series A Preferred Stock to Common Stock at $2.10/share, led by Harvest Small Cap Partners Master and Trinad Capital Master Fund. This conversion eliminates $2.0M of annual cash dividends and $5M of redeemable mezzanine equity, broadens institutional ownership to approximately 35%, and makes LiveOne eligible to join the Russell 2000 in May 2024.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:39 pm

LEVI

Levi Strauss & Co. (NYSE:LEVI) is expected to report Q1 earnings of 21 cents per share, down from 34 cents a year ago, with revenue projected at $1.55 billion. The company previously reported a Q4 revenue of $1.64 billion, missing estimates, but beat earnings expectations with 44 cents per share. Levi offers a 2.56% annual dividend yield. To earn $500 monthly from dividends, an investment of approximately $234,250 is needed. LEVI shares fell 7.7% to close at $18.74.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 11:57 am

AYI

Acuity Brands, Inc. (NYSE:AYI) is anticipated to report an increase in Q2 earnings to $3.25 per share from $3.06 the previous year, with projected revenue of $908.75 million. The company raised its quarterly dividend to 15 cents per share and authorized an additional 3 million share repurchase. Shares fell 1.3% to $261.83 recently. Analysts from Baird, Wells Fargo, and Oppenheimer have provided ratings and adjusted price targets for AYI.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 5:20 am

AAPL

AMZN

FCX

MSFT

NVDA

QQQ

SPY

TSLA

Freeport-McMoRan Inc (FCX) has outperformed NVIDIA Corp (NVDA) due to optimism about China's economy, a major copper user. Positive PMI data from China and comments from Fed Chair Powell on interest rates have influenced market movements. Early trade money flows show positive trends for AMZN, MSFT, TSLA, neutral for NVDA, META, GOOG, and negative for AAPL. Mixed flows are observed in SPY and QQQ. The article also highlights the importance of portfolio construction and diversification.

Portfolio Pulse from The Arora Report

April 02, 2024 | 5:55 pm

TJX

The TJX Companies, Inc. (NYSE:TJX) announced a 13% increase in its quarterly dividend to $0.375 per share, payable on June 6, 2024, to shareholders of record as of May 16, 2024. This marks the 27th dividend increase in 28 years, with a compound annual growth rate of 20%. Additionally, TJX plans to continue its share buyback program with $2.0 to $2.5 billion in repurchases for Fiscal 2025, reflecting confidence in continued sales growth, profitability, and strong cash flow.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:44 pm

VVPR

VivoPower International PLC (VVPR) shares surged by 323% to $6.18 after announcing its Tembo subsidiary will merge with Cactus Acquisition Corp. 1 Limited (CCTS). The merger involves CCTS issuing 83.8 million shares at $10 each for Tembo, valuing Tembo at $838 million pre-money. VivoPower shareholders will receive a dividend in Tembo shares, with the transaction expected to complete in May 2024.

Portfolio Pulse from Henry Khederian

April 02, 2024 | 4:44 pm

HSBC

HSBC Holdings Plc is considering the sale of its wealth-management, custody, and fund administration units in Germany as part of its strategy to focus more on its core Asian operations. The review is in its early stages, and there's no guarantee of a sale. This move aligns with HSBC's recent trend of exiting non-core businesses and markets, including North America and French retail operations. The bank's German fund administration business, Inka, manages approximately €400 billion in assets. HSBC's German private banking activities generated about $90 million in revenue in 2023.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:23 pm