Streetbeat News

Dividends

MTH

Meritage Homes has announced an increase in its quarterly cash dividend from $0.27 to $0.75, signaling a strong financial position and confidence in future earnings.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:58 pm

CDE

CENX

GFI

KALU

Century Aluminum, Gold Fields, Coeur Mining, and Kaiser Aluminum announced their financial results for the fourth quarter and full year of 2023. Century Aluminum reported strong quarterly sales and a significant credit from the Inflation Reduction Act, despite a net loss for the year. Gold Fields met its cost guidance and production targets, maintaining dividends despite facing operational challenges and reporting three fatalities. Coeur Mining saw a substantial increase in revenue and adjusted EBITDA, meeting its production guidance and making significant finds at Silvertip. Kaiser Aluminum reported increased net sales and net income, with record sales in the Aerospace/High Strength sectors.

Portfolio Pulse from Austin DeNoce

February 22, 2024 | 9:45 pm

OLED

Universal Display Corporation (NASDAQ:OLED) has increased its quarterly cash dividend from $0.35 to $0.40 per share for Q1 2024, payable on March 29, 2024, to shareholders of record as of March 15, 2024. This increase reflects the company's continued cash flow generation and commitment to returning capital to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:44 pm

UNTY

Unity Bancorp, Inc. (NASDAQ:UNTY) announced an 8% increase in its quarterly dividend, from $0.12 to $0.13 per share, payable on March 29, 2024, to shareholders of record as of March 15, 2024. This increase reflects the company's strong financial performance and commitment to enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:30 pm

CDP

COPT Defense has announced an increase in its quarterly dividend from $0.285 to $0.295, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:29 pm

BKNG

Booking Holdings Inc. (NASDAQ:BKNG) reported Q4 earnings of $32.00 per share, surpassing estimates and marking a 29.35% increase from the previous year. Sales reached $4.78 billion, exceeding expectations and showing an 18.15% year-over-year growth. Gross travel bookings rose to $31.7 billion, a 16% increase, with room nights booked up 9%. The company initiated a quarterly dividend of $8.75 per share. CEO Glenn Fogel highlighted a strong year with over 1 billion room nights booked and record gross bookings, revenue, and operating income.

Portfolio Pulse from Erica Kollmann

February 22, 2024 | 9:22 pm

CTRA

Coterra Energy announced a 5% increase in its dividend, from $0.20 to $0.21 per share, payable on March 28, 2024, to shareholders of record as of March 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:13 pm

BKNG

Booking Holdings Inc. has announced the initiation of a quarterly cash dividend of $8.75 per share, with the first payment scheduled for March 28, 2024, to stockholders of record as of March 8, 2024. The company plans to continue paying dividends on a quarterly basis.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:03 pm

PXD

XOM

Pioneer Natural Resources (PXD) reported Q4 FY23 earnings with oil & gas revenue of $3.386 billion, missing the consensus of $4.04 billion. Production increased to 746 MBOEPD from 662 MBOEPD a year ago. Adjusted EPS was $5.26, below the consensus of $5.48. The company declared a Q1 2024 dividend of $2.56 per share. Pursuant to a merger agreement, future dividends after Q1 2024 will be $1.25 per share due to the merger with Exxon Mobil Corporation (XOM). PXD expects a FY24 capital budget of $4.2-$4.6 billion and oil production of 384 to 392 MBOPD. PXD shares slightly increased by 0.05% to $233.85.

Portfolio Pulse from Lekha Gupta

February 22, 2024 | 6:45 pm

MATV

Mativ Holdings, Inc. (NYSE:MATV) shares surged 30% after reporting Q4 adjusted earnings per share of 23 cents, surpassing the analyst consensus of 14 cents, despite a revenue miss and a 13.7% year-over-year sales decline. The company also announced a dividend reduction, debt reduction, and a $40 million cost-cutting initiative.

Portfolio Pulse from Nabaparna Bhattacharya

February 22, 2024 | 6:20 pm