Streetbeat News

Dividends

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) shares rose by 2.9% to $210.97, influenced by Micron's better-than-expected Q2 financial results and strong Q3 guidance. Micron reported a surprise profit and a significant year-over-year increase in operating cash flow, although it saw a slight decrease from the previous quarter. Applied Materials pays a dividend with a yield of 0.86% as of Mar. 21, 2024, and information on its buyback programs can be found on news platforms like Benzinga Pro.

Portfolio Pulse from Henry Khederian

March 21, 2024 | 2:35 pm

DBI

Designer Brands Inc. (NYSE:DBI) shares fell after reporting Q4 FY23 results with a slight sales decline and a larger drop in comparable sales. Despite beating sales and EPS estimates, gross profit and margins decreased. The company also reported a net loss, reduced inventories, and a stable store count. A dividend was announced, and a modest FY24 EPS outlook was provided amidst challenges in the footwear market.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 1:09 pm

ACN

Accenture plc has announced a quarterly cash dividend of $1.29 per share for shareholders of record as of April 11, 2024, payable on May 15, 2024. This represents a 15% increase from the fiscal 2023 quarterly dividend rate of $1.12 per share. Previously, on February 15, 2024, a dividend of $1.29 per share was also paid, totaling $813 million.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:06 pm

DRI

Darden Restaurants Inc (NYSE:DRI) shares fell after reporting Q3 FY24 sales of $2.975 billion, missing estimates of $3.025 billion. Sales growth was attributed to the addition of 79 Ruth's Chris Steak House restaurants and 53 other new restaurants, despite a 1% decline in same-restaurant sales. Operating income rose 10.7% Y/Y to $387.4 million, with an operating margin of 13%. Adjusted EPS was $2.62, matching estimates. The company declared a quarterly dividend of $1.31 per share and authorized a new $1 billion share repurchase program. FY24 adjusted EPS outlook is $8.80-$8.90, with total sales expected to be $11.4 billion, below previous estimates.

Portfolio Pulse from Shivani Kumaresan

March 21, 2024 | 12:54 pm

AMZN

FDX

FedEx Corporation (NYSE:FDX) is anticipated to report Q3 earnings of $3.46 per share on revenue of $22.06 billion. The company, having explored collaborations with Amazon.com Inc (NASDAQ:AMZN), offers a dividend yield of 1.94%. To earn $500 monthly from dividends, an investor would need 1,190 shares, valued at approximately $309,388. The dividend yield fluctuates with stock price and dividend payment changes. FedEx shares recently gained 1.3%, closing at $259.99.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 12:38 pm

CLF

CSTM

STZHF

JPMorgan analyst Bill Peterson recommends Cleveland-Cliffs Inc (CLF), Stelco Holdings (STZHF), and Constellium SE (CSTM) as top picks in the metals and mining sector. Peterson highlights CLF's aggressive buyback plans and benefits from idling its Weirton tinplate mill, STZHF's value-add products potentially yielding incremental EBITDA, and CSTM's strong aerospace demand and strategic initiatives boosting margins and EBITDA.

Portfolio Pulse from Surbhi Jain

March 21, 2024 | 12:28 pm

SCVL

Shoe Carnival Inc (NASDAQ:SCVL) reported a Q4 FY23 sales decline of 3.7% Y/Y to $280.17 million, slightly missing estimates. Comparable store sales fell 9.4%, and gross profit dropped 10.4% Y/Y. The company announced a dividend increase of 12.5% and has $50 million available for future share repurchases. FY24 EPS is expected to be $2.55 - $2.75, below the consensus of $2.84, with net sales projected between $1.21 billion and $1.25 billion. SCVL shares closed up 3.23% at $32.95.

Portfolio Pulse from Shivani Kumaresan

March 21, 2024 | 12:24 pm

CURI

CuriosityStream Inc. (NASDAQ:CURI) shares surged premarket after reporting Q4 FY23 results. Despite missing revenue expectations with $14.8 million against a $15.8 million consensus, the company saw a significant increase in gross profit to $6.7 million from $1.4 million a year ago. Expenses fell 32% Y/Y to $11.4 million, and the adjusted EBITDA loss improved to $(3.4) million from $(13.6) million. EPS loss of $(0.09) beat the $(0.15) consensus. The company declared its first quarterly cash dividend of $0.025 per share and expects Q1 revenue of $11.5 million-$12.5 million, below the consensus of $15.8 million, but anticipates positive adjusted free cash flow.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 12:07 pm

GES

Guess? Inc. shares surged following the announcement of its Q4 financial results, which exceeded expectations. Additionally, the company declared a special dividend of $2.25 per share, further boosting investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:00 am

F

LEG

WEN

Wall Street's most accurate analysts have provided their views on three consumer discretionary stocks with high dividend yields: Leggett & Platt, Ford Motor Company, and The Wendy's Company. These stocks offer dividend yields ranging from 4.65% to 9.75%. The analysis includes recent ratings, price target adjustments, and significant news impacting each company, such as financial results and regulatory probes.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 10:52 am