Streetbeat News

Dividends

COO

DELL

NTAP

TDW

The Cooper Companies reported better-than-expected Q1 financial results and raised guidance, leading to a 7.4% stock increase. Other companies like Dell, Sweetgreen, Everbridge, NetApp, and Tidewater also saw significant gains following positive financial results or corporate actions. Stocks like Dell and NetApp reported better-than-expected financial results, with Dell also increasing its annual cash dividend by 20%. Everbridge amended a merger agreement, and Tidewater reported strong Q4 results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 4:18 pm

PEP

PepsiCo Inc (NASDAQ:PEP) has launched its first major global logo redesign in fourteen years, now live in over 120 countries. The new logo, which includes modern elements and a refreshed color palette, aims to embody the brand's 'Thirsty for More' platform. Despite generating over $91 billion in net revenue in 2023, Pepsi's Q4 FY23 sales of $27.85 billion fell short of the $28.40 billion estimate. The company also announced a 7% dividend increase to $5.42 per share, payable in June 2024. PEP shares dropped by 0.99% to $163.71.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 3:55 pm

WMG

Warner Music Gr (NASDAQ:WMG) announced a dividend payout of $0.17 per share with an annualized yield of 1.90%, payable on March 01, 2024, to shareholders of record as of February 22, 2024. The company has shown a consistent increase in dividend per share from $0.54 in 2021 to $0.66 in 2023, alongside a growth in earnings per share from $0.77 to $1.03 over the same period, indicating strong financial health and a focus on enhancing shareholder returns.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 3:05 pm

FTS

Fortis (NYSE:FTS) announces a dividend payout of $0.59 per share with an annualized yield of 4.45%, payable to shareholders on record as of May 17, 2024. The company has shown a positive trend in both dividend per share and earnings per share from 2020 to 2023, indicating strong financial health and a commitment to rewarding shareholders.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 3:05 pm

FATBB

NATH

Nathan's Famous (NASDAQ:NATH) announces a dividend payout of $0.50 per share with an annualized yield of 2.80%, payable on March 01, 2024, to shareholders of record as of February 20, 2024. The company has shown a consistent increase in dividends per share from $1.40 in 2020 to $2.00 in 2023, alongside a positive earnings growth from $2.91 to $4.80 per share over the same period. This indicates a strong financial health and a commitment to returning value to shareholders. Nathan's dividend yield is compared to its industry peers, with FAT Brands (NASDAQ:FATBB) having the highest yield at 7.89%.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 3:05 pm

CHCT

MPW

Community Healthcare (NYSE:CHCT) announces a dividend payout of $0.46 per share with a 7.30% annualized yield, payable on March 01, 2024, to shareholders on record as of February 20, 2024. The company has shown a positive trend in dividend per share from $1.68 in 2020 to $1.80 in 2023, alongside an earnings increase from $2.03 to $2.51 per share over the same period. This reflects Community Healthcare's strong financial health and commitment to rewarding shareholders. Medical Properties Trust (NYSE:MPW) is mentioned for having the highest annualized dividend yield at 20.90% among industry peers.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 3:05 pm

ADIL

BIVI

DELL

FSR

GIA

NXU

SCLX

U.S. stocks traded mixed with the Dow Jones falling and NASDAQ rising. Dell Technologies reported better-than-expected Q4 results and increased its dividend by 20%. BioVie, Adial Pharmaceuticals, and Nxu saw significant stock price increases due to positive developments. Conversely, GigCapital5, Fisker, and Scilex Holding experienced substantial declines. Oil and gold prices rose, while European and Asian markets were mostly higher.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 2:47 pm

HD

Home Depot (NYSE:HD) announced a quarterly dividend of $2.25 per share, with the ex-dividend date set for Wednesday. Shareholders owning HD stock by the end of Tuesday are eligible for the dividend, payable on March 21, 2024. The stock is expected to open $2.25 lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:46 pm

IR

Ingersoll Rand (NYSE:IR) announced a quarterly dividend of 2 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning IR stock by the end of Tuesday are eligible for the dividend, payable on March 28, 2024.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:46 pm