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ECNS

IRBO

MOMO

Hello Group Inc (NASDAQ:MOMO) reported a Q4 fiscal 2023 revenue decline of 6.5% Y/Y to $423.0 million, surpassing consensus estimates. Adjusted net income per ADS was $0.37, above consensus. Despite beating estimates, MOMO shares fell 17.47% in premarket trading. The company saw a decrease in MAUs and paying users for its Tantan and Momo apps. Revenue from live video service and value-added service declined, while mobile marketing and games saw growth. Hello Group announced a special dividend and extended its share buyback program. The company forecasts a revenue decrease for Q1. MOMO can be accessed via ECNS and IRBO ETFs.

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 11:15 am

SCVL

Shoe Carnival announced a 12.5% increase in its quarterly cash dividend, from $0.12 to $0.135 per share, payable on April 22, 2024, to shareholders of record as of April 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 10:13 am

FMET

KWEB

WB

Weibo Corp (NASDAQ: WB) reported Q4 fiscal 2023 revenue of $463.67 million, a 3% Y/Y increase, surpassing consensus estimates. Adjusted EPS was $0.31, missing the consensus of $0.50. The company announced a special dividend of $0.82 per share. MAUs and DAUs increased to 598 million and 257 million, respectively. Weibo's stock climbed 5.77% in premarket trading. Exposure to Weibo can also be gained through KraneShares Trust KraneShares CSI China Internet ETF (NYSE:KWEB) and Fidelity Metaverse ETF (NASDAQ:FMET).

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 9:50 am

WB

Weibo Corp's board has approved a special cash dividend of $0.82 per share and ADS, payable to shareholders on record as of April 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:04 am

MOMO

Hello Group's board has announced a special cash dividend of $0.54 per ADS or $0.27 per share, totaling approximately $103 million, to be paid on April 30, 2024, to shareholders on record as of April 12, 2024. The ex-dividend date is April 11, 2024, funded by the company's available cash.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:40 am

BBW

Build-A-Bear Workshop has announced its first quarterly cash dividend of $0.20 per share, payable on April 11, 2024, to shareholders of record as of March 28, 2024. The company plans to continue paying dividends quarterly, depending on market conditions and board approval.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 9:16 pm

TEL

TE Connectivity announced the election of Carol 'John' Davidson as the new Board Chairman during its Annual General Meeting, succeeding Tom Lynch who retired. Davidson has been on the board since 2016 and served as the lead independent director since 2022. Shareholders also approved a quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:50 pm

TNL

Travel + Leisure has announced an 11% increase in its cash dividend, raising it from $0.45 to $0.50 per share, payable on March 29, 2024, to shareholders of record as of March 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:31 pm

O

Realty Income Corporation (NYSE:O) announced an increase in its monthly cash dividend to $0.2570 per share from $0.2565, payable on April 15, 2024. This marks the 124th dividend increase since its NYSE listing in 1994 and the 645th consecutive monthly dividend in its 55-year history.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:21 pm

TSE

Trinseo has initiated the sale process for its interest in Americas Styrenics LLC, a joint venture with Chevron Phillips Chemical Company LP. The proceeds from the sale are intended to reduce a portion of the $1.077 billion in term loans due in 2028. The company anticipates a definitive sale arrangement by early 2025.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:17 pm