Streetbeat News

Dividends

ORI

Old Republic International (ORI) has announced a new $1.10 billion share repurchase program and an increase in its quarterly cash dividend to 26.5 cents per share, payable on March 21, 2024. This represents an 8.2% increase from the previous year's dividend, with the annual dividend rising to $1.06 per share from $0.98.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:13 pm

HPE

Hewlett Packard Enterprise (HPE) reported mixed Q1 results with a 14% Y/Y revenue decline to $6.76 billion, missing consensus estimates. Adjusted EPS was 48 cents, above the 45 cents consensus. The company issued weak Q2 and FY24 guidance, with expected adjusted EPS and revenue below analyst estimates. Despite this, HPE shares rose 2.5% after the announcement. Barclays, Evercore ISI Group, and Wells Fargo adjusted their price targets and ratings on HPE following the results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:12 pm

MSDL

Morgan Stanley Direct Lending Fund (MSDL) reported Q4 earnings per share of $0.70, down from $1.02 YoY. Q4 net investment income was $55.5M, with new investment commitments totaling $242.9M. The board declared a regular dividend of $0.50 per share and a special dividend of $0.10 per share, paid on January 25, 2024, to stockholders of record as of December 28, 2023.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:25 am

HPE

Hewlett Packard Enterprise (HPE) shares dropped in premarket trading after reporting a 14% Y/Y decline in Q1 FY24 revenue to $6.76 billion, missing estimates. Despite a 42% Y/Y increase in ARR and a 200 basis point expansion in adjusted gross margin, the company's outlook for Q2 and FY24 fell short of consensus expectations, with projected revenue and adjusted EPS below analyst estimates. HPE also reported a negative free cash flow of $(482) million for the quarter.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 11:16 am

DELL

PLUG

SATS

SOUN

ZS

U.S. stock futures traded higher with focus on stocks like Dell, which reported better-than-expected Q4 results and increased its dividend, and SoundHound AI, which reported weaker Q4 results. Plug Power, EchoStar, and Zscaler also reported financial results, with mixed reactions in after-hours trading.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 6:51 am

CCIF

The Carlyle Credit Income Fund (CCIF) has announced an increase in its monthly dividend from $0.0994 to $0.1050, signaling a positive development for investors seeking income through dividends.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:03 pm

WH

Wyndham Hotels & Resorts, Inc. (NYSE:WH) has announced a 9% increase in its quarterly cash dividend, raising it from $0.35 to $0.38 per share. The new dividend will be payable on March 29, 2024, to shareholders of record as of March 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:57 pm

DELL

Dell Technologies, Inc. (NYSE:DELL) reported Q4 earnings of $2.20 per share, surpassing the $1.73 analyst consensus, with sales of $22.3 billion beating the $22.16 billion estimate. The increase was driven by demand for AI servers, with server and networking revenue at $4.9 billion. Dell announced a 20% increase in its annual cash dividend to $1.78 per share. Shares rose 16.2% after-hours to $110.00.

Portfolio Pulse from Erica Kollmann

February 29, 2024 | 9:53 pm

FIHL

Fidelis Insurance Holdings Limited (NYSE:FIHL) announced the initiation of a quarterly dividend program, starting with a $0.10 per share dividend payable on March 29, 2024. This decision reflects the company's strong balance sheet and successful year. Additionally, Fidelis Insurance remains committed to shareholder value through dividends and a $50 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:47 pm

CCBG

Capital City Bank Group has announced an increase in its quarterly dividend from $0.20 to $0.21. This decision reflects the company's financial health and commitment to returning value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:27 pm