Streetbeat News

Dividends

TNET

TriNet has announced its inaugural quarterly dividend of $0.25 per share, with an Ex-Dividend Date of March 29, 2024, a Dividend Record Date of April 1, 2024, and a Dividend Payment Date of April 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:25 pm

HASI

Hannon Armstrong (HASI) has announced its expectation for annual dividends per share from 2024 to 2026 to be set at a payout ratio of 60%-70% of annual distributable earnings per share. This strategic financial planning indicates a commitment to returning value to shareholders while maintaining a balance with the company's growth and investment needs.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:25 pm

CLF

DC

HL

RS

X

Morgan Stanley downgraded United States Steel Corporation (X) and Cleveland-Cliffs (CLF), adjusting their price targets. Cleveland-Cliffs announced the indefinite idling of its tinplate production plant in West Virginia due to tariff issues, affecting 900 employees. Reliance Steel & Aluminum Co. (RS), now Reliance Inc., reported strong financial results for 2023, announced acquisitions, and increased its dividend. Hecla Mining Company (HL) reported significant silver reserves and sales, operational improvements, and strong safety performance. Dakota Gold Corp. (DC) saw a significant share purchase by Director Robert Quartermain.

Portfolio Pulse from Austin DeNoce

February 15, 2024 | 8:38 pm

KO

The Coca-Cola Company (KO) has announced a 5.4% increase in its quarterly dividend, from $0.46 to $0.485 per share, marking its 62nd consecutive annual dividend increase. This adjustment raises the annual dividend to $1.94 per share from $1.84 in 2023. The first quarter dividend will be payable on April 1 to shareholders of record as of March 15. In 2023, Coca-Cola returned $8 billion in dividends, with a total of $84.7 billion paid out since 2010.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:02 pm

MFC

Manulife Financial's stock is trading higher following the announcement of better-than-expected Q4 adjusted EPS results and an increase in its common share dividend.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:55 pm

AMD

AVGO

MSFT

NVDA

TSMWF

The AI 5, coined by Light Street Capital's Glen Kacher, highlights Nvidia, Microsoft, AMD, TSMC, and Broadcom as leading stocks in the AI-driven market. Nvidia excels in GPUs for AI, Microsoft invests heavily in AI with OpenAI, AMD introduces the MI300X chip for AI computations, TSMC leads in semiconductor manufacturing with advanced technologies, and Broadcom's semiconductor solutions support AI applications. Warren Buffett has invested in Apple and Amazon, part of The Magnificent Seven, but not directly in AI 5 stocks.

Portfolio Pulse from Stjepan Kalinic

February 15, 2024 | 5:19 pm

ARCH

Arch Resources Inc (NYSE:ARCH) shares fell after reporting mixed Q4 results. Revenue was $774.0 million, down from $859.5 million YOY but above consensus. Adjusted EBITDA and EPS missed expectations. The company saw a decrease in coking coal sales volume and announced a quarterly cash dividend of $1.65 per share. It also repurchased $3.0 million in shares, with $217.7 million remaining under its repurchase program. The outlook for 2024 includes an increase in coking coal production and solid contributions from thermal assets.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 5:17 pm

WEN

Wendy's Co (NASDAQ:WEN) reported Q4 FY23 results with a slight sales growth of 0.8% to $540.7 million, missing analyst estimates. Adjusted EPS of $0.21 also fell short of expectations. Despite challenges, the company saw digital sales acceleration and global expansion, opening nearly 250 new restaurants. The company expects FY24 adjusted EPS of $0.98-$1.02, below consensus estimates, and projects 5%-7% global systemwide sales growth. Shares dropped 2.05% to $18.89.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 5:01 pm

SCI

Service Corporation International (NYSE:SCI), North America's largest deathcare service provider, has increased its quarterly cash dividend from $0.29 to $0.30 per share, a 3.4% rise. The new dividend is payable on March 28, 2024, to shareholders of record as of March 15, 2024. The company aims to continue paying regular quarterly dividends, subject to Board approval each quarter based on financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 4:45 pm

DINO

HF Sinclair has announced an increase in its regular cash dividend from $0.45 to $0.50, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:43 pm