Streetbeat News

Dividends

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

CLOV

GXAI

LUNA

VERI

VJET

Clover Health Investments, Corp. (CLOV) shares rose by 11% after reporting better-than-expected Q4 revenue and FY24 guidance. Other stocks also moved significantly, with Gaxos.ai Inc. (GXAI) and Veritone, Inc. (VERI) among the top gainers, while voxeljet AG (VJET) and Luna Innovations Incorporated (LUNA) led the losers.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 5:18 pm

WSM

Williams-Sonoma, Inc (NYSE:WSM) shares surged after reporting Q4 FY23 sales of $2.28 billion, surpassing analyst estimates of $2.23 billion. Adjusted EPS was $5.44, beating estimates of $5.12. The company announced a 26% increase in its quarterly dividend to $1.13 per share and a new $1 billion stock repurchase program. FY24 revenue growth is projected between -3% to +3%, with an operating margin forecast of 16.5% to 16.8%. Shares rose 17.9% to $284.26.

Portfolio Pulse from Shivani Kumaresan

March 13, 2024 | 3:15 pm

CIVI

MTDR

Matador Resources (NYSE:MTDR) is distributing a $0.20 per share dividend today, with an annualized yield of 1.41%. The company has shown positive dividend growth from $0.12 to $0.65 per share from 2021 to 2023, and earnings per share growth from $0.66 to $6.86 over the same period. This indicates a strong financial health and commitment to increasing shareholder value. Civitas Resources (NYSE:CIVI) is mentioned as having the highest annualized dividend yield among peers at 8.25%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:05 pm

BBDC

TRIN

Barings BDC (NYSE:BBDC) announces a dividend payout of $0.26 per share with an annualized yield of 11.43%, reflecting a positive trend in dividend growth from $0.65 in 2020 to $1.02 in 2023. The company's earnings have also increased from $0.61 per share in 2020 to $1.21 per share in 2023, indicating strong financial health and potential for sustained dividend distributions. Trinity Cap (NASDAQ:TRIN) is noted for having the highest annualized dividend yield at 13.40% among industry peers.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:05 pm

DSX

GNK

Genco Shipping & Trading (NYSE:GNK) announces a dividend payout of $0.41 per share with a 9.15% yield, payable on March 13, 2024, to shareholders of record as of March 06, 2024. The company has shown positive dividend growth from $0.32 to $0.95 per share from 2021 to 2023 and an increase in earnings per share from $-0.50 to $0.91, indicating strong financial health and potential for sustained dividend distributions. Diana Shipping (NYSE:DSX) has the highest annualized dividend yield in the industry at 17.10%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:05 pm

LMT

NOC

Northrop Grumman (NYSE:NOC) announces a dividend payout of $1.87 per share with an annualized yield of 1.66%, payable on March 13, 2024, to shareholders of record as of February 23, 2024. The company has shown consistent growth in dividends and earnings from 2020 to 2023, indicating a positive financial trend and the potential for future increases in dividend payouts. Lockheed Martin (NYSE:LMT) is noted for having the highest annualized dividend yield at 2.90% among industry peers.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:05 pm

JJSF

J&J Snack Foods (NASDAQ:JJSF) announced a quarterly dividend of 73.5 cents per share, with the ex-dividend date set for Monday. Shareholders owning JJSF stock by the end of Friday are eligible for the dividend, to be paid on April 09, 2024. The stock is expected to open 73.5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:46 pm

FTI

TechnipFMC (NYSE:FTI) announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Monday. Shareholders owning FTI by the end of Friday's session are eligible for the dividend, payable on April 03, 2024. The stock is expected to open 5 cents lower on Monday due to the dividend payout.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:45 pm