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Dividends

FANG

Diamondback Energy, Inc. (NASDAQ:FANG) reported Q4 earnings surpassing analyst expectations with adjusted earnings of $4.74 per share and quarterly sales of $2.23 billion. The company also exceeded its production guidance and announced significant returns to stockholders including dividends and share repurchases. Diamondback expects full-year 2024 oil production of between 270 and 275 MBO/D and capital expenditures of between $2.3 billion and $2.55 billion.

Portfolio Pulse from Erica Kollmann

February 20, 2024 | 9:57 pm

IFF

IFF shares are trading lower following the announcement of mixed Q4 financial results and a significant reduction in its expected quarterly dividend, which has been cut by approximately 50% to $0.40 per share.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:46 pm

IFF

International Flavors & Fragrances (IFF) announced a significant reduction in its expected quarterly dividend, cutting it by approximately 50% to $0.40 per share. This adjustment reflects a new dividend policy set by the company's Board of Directors and management team. The revised dividend will be payable on April 10, 2024, to shareholders of record as of March 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:28 pm

FLS

Flowserve Corp announced a 5% increase in its quarterly cash dividend to $0.21 per share and replenished its total stock repurchase authorization to $300 million. The dividend is payable on April 12, 2024, to shareholders of record as of March 28, 2024. The company's board will review future dividends individually.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:13 pm

DVA

FMS

Fresenius Medical Care AG (NYSE:FMS) reported Q4 2023 revenue of €4.9 billion, nearly matching consensus estimates and showing flat year-over-year growth. Adjusted EPS increased by 4% to €0.88, surpassing consensus. The company treated 332,548 patients in 3,925 clinics worldwide and proposed a 6% dividend increase. For 2024, it expects low- to mid-single-digit revenue growth and mid- to high-teens operating income growth. Fresenius forecasts 0.5%-2% patient volume growth, slightly lower than DaVita Inc's (NYSE:DVA) 1%-2% expectations. FMS shares dropped 2.96% to $20.49.

Portfolio Pulse from Vandana Singh

February 20, 2024 | 6:17 pm

VC

Visteon Corporation (NASDAQ:VC) reported a 7% decrease in Q4 sales year over year, missing analyst expectations with $990 million in revenue against a forecast of $1.049 billion. Despite the sales dip, adjusted EBITDA rose to $117 million, reflecting strong operational performance and cost discipline. The company missed adjusted EPS estimates, reporting $1.91 against an expected $2.09. Visteon also announced a $106 million share repurchase under a $300 million authorization. For FY24, Visteon forecasts net sales between $4 billion and $4.2 billion, below the $4.3 billion estimate, with adjusted EBITDA between $470 million and $500 million.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 5:21 pm

FSS

Federal Signal Corporation (NYSE:FSS) has increased its quarterly dividend from $0.10 to $0.12 per share, a 20% increase. The dividend is payable on March 28, 2024, to stockholders of record as of March 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:07 pm

KBR

KBR, Inc. (NYSE:KBR) reported Q4 adjusted earnings per share of 69 cents, matching expectations, but missed quarterly sales estimates with $1.73 billion versus the expected $1.787 billion. Year-over-year, revenue rose 8%, and adjusted EBITDA increased by 20%. The company's backlog increased by 10% to $21.7 billion. KBR raised its quarterly dividend by 11% to $0.15 per share and replenished its share repurchase authorization to $500 million. For FY24, KBR forecasts revenue between $7.4 billion and $7.7 billion, slightly below the $7.73 billion estimate, with adjusted EPS of $3.10-$3.30, against an estimate of $3.26. KBR shares rose 4.33% to $57.69.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 4:56 pm

DFS

IOVA

OMI

VZIO

WMT

Walmart Inc. reported better-than-expected Q4 FY24 results, with net sales growth of 5.7% to $173.39 billion and adjusted EPS of $1.80, surpassing consensus estimates. The company also announced a 9% increase in its annual cash dividend for FY25. Other stocks like Iovance Biotherapeutics, Phathom Pharmaceuticals, VIZIO Holding Corp, Discover Financial Services, Barclays PLC, Korea Electric Power Corporation, Qurate Retail, InterContinental Hotels Group, Armstrong World Industries, Telephone and Data Systems, and Owens & Minor recorded gains in Tuesday's session.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 3:26 pm

BY

PFS

Byline Bancorp (NYSE:BY) announces a dividend payout of $0.09 per share with an annualized yield of 1.54%, payable on February 20, 2024, to shareholders of record as of February 5, 2024. The company has shown a positive trend in both dividend per share and earnings per share from 2020 to 2023, indicating strong financial health and potential for continued profit distribution to shareholders. Byline Bancorp's dividend yield is in the middle ground compared to its industry peers, with Provident Financial Services (NYSE:PFS) leading with a 6.15% yield.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:05 pm