Streetbeat News

Dividends

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

DELL

Dell Technologies' shares surged following the announcement of its Q4 financial results, which exceeded expectations. Additionally, the company declared an increase in its annual cash dividend, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:11 pm

DELL

Dell Technologies has announced a 20% increase in its annual cash dividend, raising it to $1.78.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:06 pm

GSK

HLN

Haleon Plc (NYSE:HLN) reported a 4.1% Y/Y increase in FY 2023 revenues to £11.3 billion, missing consensus estimates. Organic revenue grew by 8.0%, with adjusted operating profit up 10.4% in constant currency. The company announced a £500 million share buyback for 2024 and expects organic revenue growth of 4%-6% for the year. Disposals of Lamisil and ChapStick are expected to dilute FY 2024 revenue and profit by 1% and 3%, respectively. HLN shares rose 5.71% to $8.52.

Portfolio Pulse from Vandana Singh

February 29, 2024 | 5:45 pm

BBY

DAVA

ENVB

KA

LPSN

SCTL

VERX

U.S. stocks traded mixed with the Nasdaq Composite up by 100 points. Best Buy reported better-than-expected Q4 earnings, beating estimates with an EPS of $2.72 and sales of $14.646 billion. The company also increased its quarterly dividend by 2% and provided FY25 guidance. Societal CDMO, Enveric Biosciences, and Vertex saw significant stock price increases, while LivePerson, Endava, and Kineta experienced notable declines. Oil and gold prices rose, and economic indicators showed mixed results globally.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 5:24 pm

AMRN

Amarin Corporation Plc (NASDAQ:AMRN) reported Q4 2023 revenues of $74.71 million, a 17% decrease year-over-year, primarily due to lower VASCEPA sales in the U.S. due to generic competition. Despite this, revenues beat the consensus estimate of $63.81 million. The company nearly broke even, outperforming the expected loss. Amarin has initiated a share repurchase program of up to $50 million and is on track to save $40 million annually from a reduction in force announced in July 2023. Shares fell 17.8% to $1.09.

Portfolio Pulse from Vandana Singh

February 29, 2024 | 5:12 pm

FRO

Frontline Plc (NYSE:FRO) exceeded Q4 revenue estimates with $415 million, a 21.8% decline YoY but above the $270.06 million consensus. Despite lower net operating income and adjusted EPS, strategic sales of older vessels and refinancing efforts bolstered its financial position, generating approximately $646 million. The company anticipates lower spot TCEs for Q1 2024 due to ballast days. A dividend of $0.37 per share was declared, with shares trading down 1.01% at $22.516.

Portfolio Pulse from Akanksha Bakshi

February 29, 2024 | 4:42 pm

CRM

Salesforce Inc (NYSE:CRM) shares rose in premarket trading after reporting higher-than-expected Q4 sales and earnings. Analysts are optimistic, citing strong demand for its new Einstein GPT Copilot technology and the initiation of its first dividend. Price targets have been raised by several analysts, reflecting confidence in Salesforce's growth trajectory and its strategic focus on AI and Data Cloud segments.

Portfolio Pulse from Priya Nigam

February 29, 2024 | 4:31 pm