Streetbeat News

Dividends

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

BAM

Brookfield Asset Management announced a 19% increase in its quarterly dividend to $0.38 per share, payable on March 28 to shareholders of record as of February 29.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:56 am

TT

Trane Technologies plc (NYSE:TT), a global climate innovator, has announced a 12% increase in its dividend, resulting in a new quarterly dividend of $0.84 per share, or an annualized rate of $3.36 per share. The increased dividend will be payable on March 29, 2024, to shareholders of record as of March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:48 am

MSBHF

X

Mitsubishi Corp (OTC:MSBHF) shares reached a record high after announcing a $3.4B share buyback plan. The company's strong financial performance and strategic decisions, including ceasing automobile production in China, have contributed to its success. Warren Buffett's Berkshire Hathaway holds 8.3% of Mitsubishi's stock. The company is considering future investments in the U.S., influenced by the upcoming election.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 9:11 am

TTE

TotalEnergies SE announced a 7.1% increase in its quarterly dividend to €0.79 per share, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 8:40 am