Streetbeat News

Dividends

VOD

Vodafone Group Plc has finalized the sale of its Italian operations to Swisscom AG for €8 billion in cash. This transaction is part of Vodafone's strategy to right-size its portfolio, focusing on markets where it has strong positions and local scale. The sale price is considered attractive, representing about 26 times the consensus operating free cash flow and 7.6 times the consensus adjusted EBITDA for FY24. Following this sale, Vodafone plans to rebase its dividend to 4.5 cents per share from FY25, return €4 billion to shareholders through buybacks, and maintain a new leverage range.

Portfolio Pulse from Charles Gross

March 15, 2024 | 9:05 am

JBL

Jabil Inc. (NYSE:JBL) is anticipated to report lower Q2 earnings with an expected EPS of $1.66, down from $1.88 year-over-year, and revenue of $6.89 billion. The company declared a quarterly dividend of 8 cents per share. Shares fell 0.9% to $147.46 recently. Analysts from Goldman Sachs, Stifel, JP Morgan, Barclays, and Raymond James have provided varied ratings and price targets for JBL, reflecting a mix of optimism and caution.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 5:47 am

WPM

Wheaton Precious Metals (WPM) has updated its dividend policy, moving from a system that distributed 30% of the average of the last four quarters' operating cash flows to a progressive dividend policy. This change is highlighted by an increase in the quarterly cash dividend for the first quarter of 2024 to $0.155, up from the previous quarter's $0.15.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:14 pm

CL

Colgate has announced an increase in its quarterly dividend from $0.48 to $0.50 per share, effective in Q2 of 2024. The dividend will be paid on May 15, 2024, to shareholders of record as of April 22, 2024. This adjustment raises the annualized dividend rate from $1.92 to $2.00 per share.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:37 pm

WPC

W. P. Carey has announced an increase in its quarterly dividend from $0.86 to $0.865 per share, payable on April 15, 2024, to stockholders of record as of March 28, 2024. This change represents an annualized dividend rate of $3.46 per share.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:35 pm

TRIN

Trinity Capital Inc. (NASDAQ:TRIN) has announced an increase in its quarterly cash dividend to $0.51 per share, marking the 13th consecutive quarter of dividend growth. The dividend, set for the quarter ending March 31, 2024, is payable on April 15, 2024, to shareholders of record as of March 28, 2024. This move aligns with the company's strategy to distribute 90% to 100% of its taxable quarterly income to qualify for tax treatment as a regulated investment company.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:09 pm

EWJ

EWJV

HEWJ

Goldman Sachs highlights 'Seven Samurai' stocks as leading Japanese equities, showcasing their performance and potential compared to the U.S.'s 'Magnificent Seven'. These stocks, including Tokyo Electron, Mitsubishi Corporation, Toyota, Nintendo, Fast Retailing, Sony, and Mitsubishi UFJ Financial Group, offer diversified investment opportunities with lower valuations and higher yields. Warren Buffett has invested in one of these, Mitsubishi Corp, through Berkshire Hathaway. Additionally, ETFs like iShares MSCI Japan ETF, iShares Currency Hedged MSCI Japan, and iShares MSCI Japan Value ETF provide exposure to these equities.

Portfolio Pulse from Stjepan Kalinic

March 14, 2024 | 5:28 pm

FF

FutureFuel's stock is up following the announcement of positive Q4 financial results, a special dividend of $2.50 per share, and a $25 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:33 pm

FF

FutureFuel announced a special cash dividend of $2.50 per share and a $25M share repurchase program. The company also declared a regular quarterly cash dividend of $0.06 per share for Q4 2023. This comes after reporting a net income of $37.4 million for the year.

Portfolio Pulse from Happy Mohamed

March 14, 2024 | 4:03 pm

BBW

Build-A-Bear Workshop, Inc. (NYSE:BBW) shares surged after reporting Q4 earnings of $1.34 per share, surpassing Wall Street expectations of $1.32. However, revenue of $149.278 million slightly missed the forecast of $150.45 million. The company saw a 2.9% year-over-year sales increase but a 8.8% decline in e-commerce demand. It added 14 new locations, ended the year with 525 global locations, and declared an initial quarterly dividend of $0.20 per share. FY24 outlook includes low-to-mid single-digit revenue growth and at least 50 new experience locations.

Portfolio Pulse from Nabaparna Bhattacharya

March 14, 2024 | 3:57 pm