Streetbeat News

Dividends

BBDC

Barings BDC (NYSE:BBDC) announced a quarterly dividend of 26 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning BBDC stock by the end of Monday are eligible for the dividend, to be paid on March 13, 2024.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:45 pm

CRC

California Resources (NYSE:CRC) announced a quarterly dividend of 31 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning CRC by the end of Monday are eligible for the dividend, payable on March 18, 2024. The stock is expected to open 31 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:45 pm

BTU

LPG

PBF

SDRL

TK

Benzinga Insights highlights value stocks in the energy sector with low P/E ratios, including Dorian LPG, PBF Energy, Peabody Energy, Seadrill, and Teekay. The report details recent earnings and dividend yields, indicating potential undervaluation and investment opportunities.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:39 pm

HSTM

HealthStream has announced an increase in its quarterly dividend from $0.025 to $0.028, indicating a positive outlook on its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:29 pm

CRM

Salesforce Inc (CRM) reported Q4 results surpassing estimates with revenues of $9.29 billion and EPS of $2.29. The company announced its first-ever cash dividend and increased its share repurchase program by $10 billion. Analysts have raised price targets, contributing to a rebound in the stock price after an initial drop. Salesforce projects strong future earnings and revenue, positioning itself to capitalize on increased tech spending.

Portfolio Pulse from Adam Eckert

February 29, 2024 | 2:12 pm

CRH

CRH plc (NYSE:CRH) shares rose in premarket trading after announcing FY23 results and a share repurchase program. Revenue increased 7% Y/Y to $34.9 billion, with organic revenues up 3%. Adjusted EBITDA grew 15% Y/Y to $6.2 billion, and EPS from continuing operations pre-impairment rose 30% Y/Y to $4.65. The company completed a share buyback of $3.0 billion in 2023 and announced a new buyback program with Barclays Capital Inc. for up to $300 million. A quarterly dividend of $0.35 per share was declared, payable in April 2024. CRH expects EPS of $5.15-$5.45 for FY24, above consensus estimates.

Portfolio Pulse from Lekha Gupta

February 29, 2024 | 1:51 pm

NTAP

NetApp, Inc. (NASDAQ:NTAP) is anticipated to report Q3 earnings of $1.69 per share, down from $1.37 per share a year ago, with projected revenue of $1.59 billion. The company previously beat Q2 estimates with earnings of $1.58 per share and sales of $1.56 billion. NetApp offers a 2.27% dividend yield, equating to a quarterly dividend of 50 cents a share. To earn $500 monthly from dividends, an investor would need approximately 3,000 shares, valued around $264,090. The article also explains how dividend yield fluctuates with stock price and dividend payment changes. NTAP shares rose 1% to close at $88.03 recently.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 1:41 pm

TJX

TJX Companies, Inc. (NYSE:TJX) reported Q4 sales surpassing expectations at $16.40 billion against the forecasted $16.21 billion. Earnings per share were $1.12, aligning with market estimates. The company announced a stock repurchase plan of $2.0 to $2.5 billion and a 13% dividend increase for 2024. FY25 earnings are projected between $3.94 and $4.02 per share, with a 2% to 3% rise in comparable store sales. Following the report, Telsey Advisory Group and BMO Capital raised their price targets for TJX.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 1:23 pm

DAO

ESPO

NTES

NetEase, Inc (NASDAQ:NTES) reported Q4 fiscal 2023 revenue of $3.82 billion, a 7.0% increase Y/Y but below the consensus of $3.94 billion. Adjusted EPADS was $1.60, missing the consensus of $1.71, causing the stock to slide. Games and related services revenue grew 9.6% Y/Y. Youdao, Inc (NYSE:DAO) saw a revenue increase of 1.8% Y/Y to $208.5 million, with a decline in gross margin. Cloud Music's revenues fell 16.4% Y/Y. Innovative businesses and other revenue grew 12.9% Y/Y. NetEase announced a dividend increase and reported $15.6 billion in cash and equivalents. VanEck Video Gaming And ESports ETF (NASDAQ:ESPO) has a 6% exposure to NetEase.

Portfolio Pulse from Anusuya Lahiri

February 29, 2024 | 1:21 pm

TGNA

TEGNA announced its plan to return 40-60% of its 2024-2025 free cash flow to shareholders, amounting to an expected $1.3 billion return of capital from the date of merger termination through 2025, including a $350 million commitment in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:07 pm