Streetbeat News

Dividends

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

NEM

Newmont Corp (NYSE:NEM) shares fell after reporting Q4 FY23 results with a 24% Y/Y revenue increase to $3.957 billion and adjusted EPS of $0.50, beating consensus. Gold production rose 7% Y/Y, but higher costs and a 39% Y/Y decrease in operating cash flow were noted. The company announced a dividend of $0.25 for Q4 2023 and plans to divest six non-core assets. FY24 outlook includes gold production of 6.9 million ounces and AISC of $1,400 per ounce, with a focus on cost and productivity improvements.

Portfolio Pulse from Lekha Gupta

February 22, 2024 | 5:58 pm

IRM

Iron Mountain Inc (NYSE: IRM), a specialized REIT firm, reported a 11% year-on-year revenue growth in Q4 fiscal 2023, reaching $1.42 billion, slightly below the consensus estimate of $1.45 billion. The company saw storage rental revenue increase by 13% to $871 million and service revenue by 8% to $549 million. Adjusted EBITDA margin expanded by 60 bps to 35.1%, and adjusted EPS was $0.52. Adjusted FFO per share rose by 9% year-on-year to $1.07, surpassing the consensus of $0.81. Iron Mountain declared a quarterly cash dividend of $0.65 per share and announced the closure of its acquisition of Regency Technologies, enhancing its Asset Lifecycle Management leadership. The company projects FY24 revenue between $6.00 billion and $6.15 billion, with adjusted FFO per share expected to be between $4.39 and $4.51. IRM shares increased by 5.08% to $72.01.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 5:20 pm

ERF

Enerplus shares surged following the announcement of better-than-expected Q4 adjusted EPS results and a hike in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:32 pm

LKQ

LKQ Corp reported a 16.6% year-over-year sales growth in Q4 fiscal 2023, reaching $3.50 billion but slightly missing the consensus of $3.51 billion. Parts and services organic revenue grew by 2.8%. The company saw a contraction in gross margin and operating income, but adjusted EPS improved to $0.84, beating the consensus. LKQ declared a quarterly dividend of $0.30 per share and repurchased shares. The 2024 outlook includes an adjusted EPS of $3.90-$4.20 and organic revenue growth of 3.5% - 5.5%. LKQ shares rose 3.3% to $51.99.

Portfolio Pulse from Akanksha Bakshi

February 22, 2024 | 4:11 pm