Streetbeat News

Dividends

HSBC

HSBC Holdings PLC (NYSE:HSBC) shares dropped in premarket trading after reporting a decline in fourth-quarter revenue by 11% year-over-year to $13.021 billion, with net interest income (NII) falling 7% to $8.28 billion. The decline was attributed to notable items totaling $(2.7) billion. Despite the quarterly decline, FY23 saw a revenue increase of over 30% to $66.1 billion, with a significant rise in profit before tax to $30.3 billion, although below analysts' expectations. The bank also announced a new share buyback of up to $2.0 billion and a fourth interim dividend of $0.31 per share, with a total 2023 dividend of $0.61 per share. HSBC expects NII of at least $41 billion and a return on tangible equity in the mid-teens for 2024.

Portfolio Pulse from Lekha Gupta

February 21, 2024 | 12:26 pm

VRSK

The board of directors at Verisk Analytics, Inc. (VRSK) has approved a 15% increase in the company's quarterly cash dividend, raising it to $0.39 per share.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 12:20 pm

GRMN

Garmin's Board of Directors plans to recommend a 2.7% increase in the annual dividend to $3.00 per share, payable in four $0.75 installments, with specific dates provided for each payment. The recommendation will be presented for shareholder approval at the annual meeting on June 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 12:09 pm

EXC

Exelon announced a 5.6% increase in its quarterly dividend, raising it from $0.36 to $0.38 per share, payable on March 15, 2024, to shareholders of record as of March 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:56 am

TNL

Travel + Leisure Co (TNL) plans to increase its quarterly dividend to $0.50/share from $0.45/share, pending board approval in March 2024. The company paid $136 million in dividends in 2023.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:39 am

HSBC

HSBC plans to buy back up to $2.0 billion in shares before the Q1 FY24 results announcement and is considering a special dividend of $0.21 per share in H1 FY24 after selling its Canada business.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:13 am

DK

Delek US Holdings has announced an increase in its quarterly dividend by 2% to $0.245 per share, payable on March 8, 2024, to shareholders of record as of March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 7:32 am

ADI

Analog Devices has announced a 7% increase in its quarterly dividend, raising it from $0.86 to $0.92 per share, effective for the dividend payable on March 15, 2024, to shareholders of record as of March 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:35 pm

SUI

Sun Communities announced a 1.1% increase in its annual distribution from $3.72 to $3.76 per share, starting with the first quarter distribution in April 2024. The Board of Directors will approve the amount of each quarterly distribution.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:33 pm

ENLC

EnLink CEO Jesse Arenivas announced a commitment to return capital to investors in 2024, including raising the Q4 2023 distribution and initiating a $200M unit repurchase for the third consecutive year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:11 pm