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Dividends

BLMN

Bloomin' Brands, Inc. (NASDAQ:BLMN) reported Q4 earnings surpassing expectations with an EPS of 75 cents against a forecast of 69 cents, though revenues slightly missed estimates. The company announced a quarterly dividend and a new share repurchase program, and provided FY24 guidance with adjusted EPS expectations of $2.51-$2.66. Following the report, Barclays and BMO Capital adjusted their price targets for BLMN upwards.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 2:05 pm

DPZ

Domino's Pizza Inc (NYSE:DPZ) shares rose after Q4 2023 earnings exceeded expectations, with a raised dividend and a new share buyback plan. The company reported a Q4 EPS of $4.48, surpassing the $4.38 consensus, and sales of $1.40 billion, slightly below the $1.42 billion estimate. Revenue growth was driven by higher global franchise royalties and fees, despite a decrease in U.S. franchise advertising revenues and increased labor and insurance costs. U.S. same-store sales grew by 2.8%, and international by 0.1%. The quarterly dividend was increased by 25% to $1.51, and a $1 billion stock buyback was authorized. The company also reported a 4.9% global retail sales growth and confirmed its long-term guidance.

Portfolio Pulse from Vandana Singh

February 26, 2024 | 2:02 pm

INTU

LDOS

SBLK

VZIO

WMT

Walmart Inc. (WMT) reported better-than-expected Q4 financial results, with a 5.7% year-over-year net sales growth and an adjusted EPS of $1.80, surpassing consensus estimates. The company also announced the acquisition of VIZIO Holding Corp (VZIO) for approximately $2.3 billion. Star Bulk Carriers Corp. (SBLK) exceeded earnings estimates and raised their dividend. Leidos Holdings, Inc. (LDOS) reported an 8% year-over-year revenue growth in Q4, with an adjusted EPS of $1.99, beating consensus. Intuit Inc. (INTU) reported an 11% year-over-year revenue increase in Q2, with adjusted earnings of $2.63 per share, exceeding analyst estimates.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 1:56 pm

AES

AES Corporation is anticipated to release its Q4 earnings on Feb. 26, 2024, with expected earnings of 67 cents per share, up from 49 cents a year ago, and projected revenue of $3.36 billion. The company completed 3.5 GW of renewables projects in 2023, nearly doubling its capacity from 2022. AES offers a 4.19% annual dividend yield, equating to 17.25 cents per share quarterly. To earn $500 monthly from dividends, an investment of approximately $143,280 or 8,955 shares is needed.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 1:54 pm

NRXP

NRx Pharmaceuticals announced the launch of HOPE Therapeutics at the BIO CEO & Investor Conference 2024, proposing to award 50% of founding shares to current shareholders along with a royalty coupon, contingent on board approval. The dividend is tied to a covenant against short selling NRx stock. HOPE plans to have ketamine supplies ready for shipment under 503a pharmacy regulations by July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:32 pm

DPZ

Domino's Pizza's stock is trading higher following the announcement of better-than-expected fourth-quarter earnings per share (EPS), an increase in its dividend, and the authorization of an additional stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:04 pm

PEG

Public Service Enterprise (PSEG) has reaffirmed its 2024 adjusted EPS guidance of $3.60 to $3.70, aligning with the consensus of $3.68. Additionally, PSEG announced a $0.12 increase in its annual dividend rate to $2.40 per share, marking 117 consecutive years of dividend payments.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:37 pm

PLTK

Playtika Holding's shares dropped following a Q4 earnings per share (EPS) miss and the release of its FY24 outlook. Additionally, the company announced the initiation of a quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:51 am

PLTK

Playtika announces plans to allocate $600M-$1.2B for mergers and acquisitions over the next three years, initiate a quarterly dividend of $0.10 per share, and explore additional shareholder return enhancements such as a share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:40 am

PLTK

Playtika has provided its FY24 revenue outlook, projecting revenues to be between $2.52B and $2.62B, compared to the market estimate of $2.62B. Additionally, Playtika has initiated a quarterly dividend of $0.10 per share, with the first payment scheduled for April 5, 2024, to stockholders of record as of March 22, 2024. The company plans to continue paying dividends quarterly, subject to market conditions and board approval.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:38 am