Streetbeat News

Dividends

MPWR

Monolithic Power Solutions (MPWR) shares surged following the announcement of impressive Q4 financial results, surpassing expectations. Additionally, the company has raised its quarterly cash dividend from $1 to $1.25 per share, signaling strong financial health and confidence in future performance.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:39 pm

MPWR

Monolithic Power Systems has announced an increase in its quarterly cash dividend from $1.00 to $1.25 per share, payable on April 15, 2024, to stockholders of record as of March 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:13 pm

DIS

The Disney Board has announced a cash dividend of $0.45 per share, marking a 50% increase from the last dividend paid in January. This move reflects the company's confidence in its financial health and its commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:12 pm

BAM

Brookfield Asset Management Inc (NYSE:BAM) reported Q4 revenues of $1.13 billion, surpassing estimates but missed EPS expectations with $0.23 versus $0.72 consensus. Distributable earnings rose slightly, and the company announced a 19% dividend increase. With $107 billion in dry powder, BAM anticipates a busy dealmaking year ahead. The company also launched a significant Catalytic Transition Fund at COP28.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 6:38 pm

PAG

Penske Automotive Group Inc (NYSE:PAG) reported a 4% Y/Y sales growth in Q4 FY23, reaching $7.27 billion and beating analyst expectations. The growth was driven by strong performance in retail automotive and commercial truck operations. Despite the sales growth, the company saw a decrease in operating margin and a 20.8% Y/Y drop in operating income. Adjusted EPS of $3.45 missed analyst expectations due to a non-cash goodwill impairment charge. Penske also announced a 10% increase in its quarterly dividend and repurchased 2.6 million shares in 2023.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 6:12 pm

MSTR

MicroStrategy Inc. co-founder Michael Saylor emphasized Bitcoin's potential as an institutional asset class and store of value, predicting 2024 as the year Bitcoin becomes an institutional-grade asset. He compared Bitcoin's evolution to significant financial milestones like the creation of gold ETFs and the S&P index ETF. Saylor highlighted Bitcoin's transition from an unregulated retail asset to a regulated institutional asset, likening it to the digital transformation seen in tech companies like Microsoft, Google, and Apple. He also mentioned the growth of new job opportunities within the Bitcoin industry and argued that Bitcoin ETFs represent a catalytic moment, shifting the narrative towards Bitcoin as a significant store of value.

Portfolio Pulse from Murtuza Merchant

February 07, 2024 | 5:42 pm

CDW

CDW Corp (NASDAQ:CDW) shares rose after reporting Q4 FY23 results, despite a 7.7% Y/Y decline in net sales to $5.02 billion, missing consensus estimates. The company saw declines across all segments but reported an expanded gross margin of 23.0% and a non-GAAP EPS of $2.57, slightly above consensus. CDW also announced a 5% Y/Y increase in its quarterly dividend to $0.62 and a $750 million increase in its share repurchase program. Looking ahead, CDW aims to outpace US IT market growth by 200-300 basis points in 2024.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 5:31 pm

EMR

Emerson Electric Co (NYSE:EMR) shares surged after reporting a 22% Y/Y increase in Q1 FY24 net sales to $4.12 billion, surpassing the $3.92 billion consensus. Adjusted EPS rose 56% Y/Y to $1.22, beating the $1.04 consensus. The company also raised its FY24 net sales and adjusted EPS outlook, and declared a quarterly dividend of $0.525 per share.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 3:58 pm

CASH

NWBI

Pathward Financial (NASDAQ:CASH) announces a dividend payout of $0.05 per share with an annualized yield of 0.40%, for shareholders on record before December 11, 2023. Despite a stable dividend per share from 2020 to 2023, Pathward's yield lags behind industry peers like Northwest Bancshares (NASDAQ:NWBI), which boasts a 6.82% yield. However, Pathward's consistent dividend policy and growing earnings per share from $2.41 to $6.11 from 2020 to 2023 suggest a strong financial standing and potential for future dividend increases.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 3:05 pm

MSFT

NYT

New York Times Co (NYSE:NYT) reported Q4 2023 earnings with an adjusted EPS of $0.70, surpassing the consensus of $0.58, but missed sales expectations with $676.22 million against a consensus of $679.24 million. The company added 300,000 digital-only subscribers, reaching a total of 10.36 million subscribers. Digital advertising revenues fell by 3.7%, while subscription revenues from digital products grew by 7.2%. NYT increased its quarterly dividend to $0.13. The company is involved in a legal action against OpenAI and Microsoft Corp (NASDAQ:MSFT) over copyright infringement claims. NYT expects Q1 2024 digital subscription revenue growth of 11%-14% and forecasts a decrease in total advertising revenues.

Portfolio Pulse from Vandana Singh

February 07, 2024 | 2:48 pm