Streetbeat News

Dividends

AAPL

CVX

DHI

HPQ

Warren Buffett's Berkshire Hathaway trimmed its Apple stake by over 10 million shares, despite it being their top holding, reflecting a cautious outlook. The firm also reduced positions in HP Inc. and Paramount Global, while completely exiting D.R. Horton, Globe Life, Markel Group, and StoneCo. Conversely, Berkshire increased its investments in Chevron, Occidental Petroleum, and Sirius XM, indicating a strategic shift in its portfolio. Notably, positions in Bank of America, American Express, and Coca-Cola remained unchanged.

Portfolio Pulse from Shanthi Rexaline

February 15, 2024 | 9:25 am

RELX

RELX has announced a proposal to increase its full-year dividend by 8% to 58.8p from 54.6p, citing strong performance and positive outlook.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:24 am

STLA

Stellantis proposes a dividend increase of approximately 16% to €1.55 per common share, pending shareholder approval. The dividend schedule for NYSE, Euronext Milan, and Euronext Paris includes an ex-date of April 22, 2024, a record date of April 23, 2024, and a payment date of May 3, 2024. Additionally, Stellantis plans a 2024 open-market share buyback program worth €3.0 billion, including €0.5 billion for share-based compensation and employee share purchases.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:56 am

NUS

Nu Skin Enterprises has revised its capital allocation priorities, resulting in a reduction of its quarterly cash dividend from $0.39 to $0.06 per share. The new dividend will be paid on March 6, 2024, to shareholders of record as of February 26, 2024. The company aims to align its dividend payout ratio with or surpass that of its industry peers.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:51 pm

MFC

Manulife has announced a 9.6% increase in its quarterly common shareholders' dividend, raising it from $0.3650 to $0.40 per share, effective March 19, 2024. This decision by the Board of Directors also involves purchasing common shares on the open market for its dividend reinvestment plans in Canada and the U.S., with the purchase price based on the average actual cost without discounts.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:18 pm

DINO

HF Sinclair Corporation has announced an increase in its regular cash dividend from $0.45 to $0.50. This change reflects the company's financial strength and commitment to returning value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:16 pm

RDN

Radian announced a 9% increase in its quarterly dividend, raising it to $0.245 per share. This move reflects the company's confidence in its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:42 pm

BRK

OXY

Occidental Petroleum reported Q4 earnings per share of 74 cents, beating estimates of 71 cents. The company saw a decrease in pre-tax income for its oil and gas segment but increased its quarterly dividend by 22%. Occidental also highlighted its acquisitions of CrownRock and Carbon Engineering as part of its growth and low-carbon initiatives. Warren Buffett's Berkshire Hathaway has increased its stake in Occidental.

Portfolio Pulse from Chris Katje

February 14, 2024 | 9:38 pm

MBIN

Merchants Bancorp (MBIN) has announced an increase in its quarterly common dividend from $0.08 to $0.09 per share, payable on April 1, 2024, to shareholders of record as of March 15, 2024.

Portfolio Pulse from Happy Mohamed

February 14, 2024 | 9:23 pm

F

GM

STLA

Stellantis NV (NYSE:STLA) shares surged ahead of its full-year results, outperforming rivals Ford Motor Co (NYSE:F) and General Motors Co (NYSE:GM) with a 44% gain over the past year. The company's focus on mass-market models and electric vehicles in Europe has contributed to its success. Full-year earnings per share are expected to be $5.69, with revenues projected at $200 billion. Investors anticipate potential shareholder returns announcements, such as a share buyback program or a special dividend.

Portfolio Pulse from Neil Dennis

February 14, 2024 | 9:02 pm