Streetbeat News

Dividends

USAC

USA Compression Partners (USAC) has provided its full-year 2024 financial outlook, expecting a net income of $95M-$115M, adjusted EBITDA of $555M-$575M, and distributable cash flow of $310M-$330M. The guidance includes various financial adjustments such as interest expense, depreciation, amortization, and unit-based compensation expense.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 12:05 pm

WCC

WESCO International announced its plan to increase its annual dividend by 10% to $1.65 per share.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 11:09 am

DIS

Disney announced a 50% increase in its January 2024 dividend, payable in July 2024. Additionally, the company plans a $3B common share repurchase in FY24, marking its first repurchase since FY18.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:49 pm

GPI

Group 1 Automotive has announced a 4% increase in its annual dividend rate from $1.80 to $1.88 per share, with a $0.47 dividend per share payable on March 15, 2024, to stockholders of record as of March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:31 pm

HCC

IDR

USAP

Universal Stainless & Alloy Products, Inc. announced a 7-12% price increase for its premium products, effective immediately. Warrior Met Coal, Inc. increased its quarterly cash dividend by 14%. Idaho Strategic Resources purchased the Butte Gulch property next to its Golden Chest Mine, indicating potential for future expansion and cost savings in ore processing.

Portfolio Pulse from Austin DeNoce

February 12, 2024 | 9:34 pm

HCC

Warrior Met Coal announced a special cash dividend of $0.50 per share, payable on March 7 to shareholders of record as of March 1.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:33 pm

PFG

Principal Financial Group has announced an increase in its quarterly dividend from $0.67 to $0.69. This change reflects the company's financial health and commitment to returning value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:22 pm

JPM

JPMorgan Chase & Co. (NYSE:JPM) reported a 12% increase in Q4 2023 revenue to $39.9 billion, driven by higher net interest income. However, earnings fell 15% to $9.3 billion due to an FDIC special assessment and higher credit loss provisions. The bank's overhead ratio worsened to 61%, and ROTCE declined to 15%. Share repurchases continued, with a slight decrease in outstanding shares.

Portfolio Pulse from Tornado

February 12, 2024 | 7:44 pm

TOP

TOP Financial Group Ltd (NASDAQ:TOP) shares plummeted 35.8% to $3.46 after announcing a sale of 2 million shares and warrants at below-market prices, aiming for $5 million in gross proceeds. The deal, facilitated by Univest Securities, LLC, is set to close around February 14. The article also discusses the importance of capital allocation programs and mentions Cornerstone Strategic's dividend yield opportunity.

Portfolio Pulse from Henry Khederian

February 12, 2024 | 3:47 pm

FANG

Diamondback Energy (FANG) shares are up following the announcement of a definitive merger agreement with Endeavor Energy Resources, valued at $26 million. Additionally, Diamondback Energy has increased its base dividend.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:14 pm