Streetbeat News

Dividends

NYCB

New York Community Bancorp, Inc. (NYSE:NYCB) saw its shares rise in premarket trading on Wednesday, following a 22% drop on Tuesday due to a Bloomberg report about a forced dividend cut and increased provisioning. The slump was further exacerbated by Moody's downgrading the bank's ratings. However, the bank has since reassured investors by highlighting its strong liquidity position and the steps it has taken to enhance its risk management framework.

Portfolio Pulse from Shanthi Rexaline

February 07, 2024 | 1:01 pm

FTNT

MRDB

SNAP

Fortinet, Inc. (NASDAQ:FTNT) shares surged 9.4% in pre-market trading after reporting Q4 earnings and sales that exceeded analyst expectations, and providing strong 2024 revenue and EPS guidance. Other stocks also showed significant pre-market movements, including notable gainers like MariaDB plc (NYSE:MRDB) and losers such as Snap Inc. (NYSE:SNAP).

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 12:55 pm

TTE

TotalEnergies SE (NYSE:TTE) reported mixed Q4 FY23 results with revenues of $59.237 billion, surpassing expectations, but adjusted EPS fell 27% Y/Y to $2.16, missing consensus. Hydrocarbon production declined, and adjusted net operating income dropped 31% Y/Y. Despite this, the company increased its quarterly dividend by 7.1% and announced a $2 billion share repurchase for Q1 FY24. For FY24, TotalEnergies anticipates hydrocarbon production growth and reaffirmed net investments of $17-$18 billion, committing over 40% of CFFO payout to shareholder returns. TTE shares dropped 2.83% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 12:45 pm

LOAN

Manhattan Bridge Capital has announced an increase in its quarterly dividend from $0.1125 to $0.115 per share, payable to shareholders of record on April 10, 2024, with the payment date set for April 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:23 pm

NYT

The New York Times (NYT) has increased its quarterly dividend by 18%, raising it to $0.13 per share from the previous $0.11. This dividend is applicable to both Class A and Class B common stock and will be payable on April 18, 2024, to shareholders of record as of April 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:14 pm

CDW

CDW has announced a cash dividend of $0.62 per common share, payable on March 12, 2024. This dividend represents a 5% increase over the dividend paid last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:11 pm

IPG

OMC

SBGI

Wall Street's most accurate analysts have provided updates on three high-yielding tech and telecom stocks: Omnicom Group Inc. (OMC), The Interpublic Group of Companies, Inc. (IPG), and Sinclair, Inc. (SBGI). These stocks offer dividend yields ranging from 3.15% to 6.73%. Recent updates include price target adjustments and ratings maintenance, with notable recent news such as Omnicom's better-than-expected earnings and Sinclair's partnership with Futuri to innovate TV sales with AI technology.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 12:03 pm

EMR

Emerson Electric Co. (EMR) has updated its FY24 outlook, raising its adjusted EPS guidance to $5.30 - $5.45 from the previous $5.15-$5.35, surpassing the $5.26 estimate. GAAP EPS is expected to be $2.80 - $2.95, below the $4.20 estimate. Revenue growth is projected at 14.5% - 17%. The company plans to return approximately $500 million to shareholders through share repurchases and $1.2 billion in dividend payments.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:01 pm

EMR

Emerson Electric Co. (EMR) provided its Q2 and full-year 2024 financial outlook, forecasting adjusted EPS of $1.22 - $1.26 for Q2 and $5.30 - $5.45 for the full year. The company anticipates net sales growth of 12.5% - 14.5% in Q2 and 14.5% - 17.0% for the full year. Emerson also plans to return approximately $500 million to shareholders through share repurchases and pay out about $1.2 billion in dividends. The guidance includes various adjustments for amortization, restructuring costs, and other factors.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:58 am

EQNR

Equinor's shares dropped following the announcement of fourth-quarter results that fell short of expectations and a reduction in cash returns to shareholders for the current year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:57 am