Streetbeat News

Dividends

DELL

Dell Technologies Inc. (NYSE:DELL) shares surged following a year of significant outperformance, a partnership with Subaru Corporation for driver safety improvements, and strong quarterly earnings that exceeded analyst expectations. The company reported earnings of $2.20 per share, surpassing the consensus estimate of $1.73, and sales of $22.3 billion, beating the $22.16 billion estimate. Despite a decline in revenue for its Infrastructure Solutions Group and Client Solutions Group, demand for AI servers increased, with servers and networking revenue at $4.9 billion. Dell also announced a 20% increase in its annual cash dividend.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 7:24 pm

AY

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) reported mixed Q4 FY23 results with revenue of $241.3 million missing consensus estimates and a decline in operating profit. However, adjusted EBITDA slightly increased, and EPS beat consensus estimates. The company announced a dividend and provided an optimistic FY24 outlook for adjusted EBITDA and CAFD, despite a decrease in operating cash flow and CAFD from the previous year. Shares fell by 1.17% to $17.75.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 5:24 pm

NTAP

NetApp (NASDAQ:NTAP) shares surged after reporting Q3 FY24 results with a 5% Y/Y revenue increase to $1.61 billion, surpassing estimates. Adjusted EPS was $1.94, beating the consensus of $1.69. The company also raised its FY24 adjusted EPS guidance to $6.40-$6.50, above the consensus of $6.15. Analysts have updated their ratings, with several raising their price targets. NTAP shares are up 23.11% at $109.72.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 5:09 pm

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