Streetbeat News

Dividends

AFG

American Financial Group, Inc. (AFG) announced a special cash dividend of $2.50 per share, payable on February 28, 2024, to shareholders of record as of February 16, 2024. This $210 million dividend is in addition to AFG's regular quarterly dividend of $0.71 per share.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:05 pm

RRC

Range Resources Corporation (NYSE:RRC) reported Q4 2023 production averaging 2,207 Mmcfe per day, with natural gas, NGL, and oil production detailed alongside pricing realizations. Additionally, Range realized $8M in contingent derivative settlement gains from the North Louisiana divestiture, expecting cash proceeds in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:04 pm

VFC

VF Corp (NYSE:VFC) reported disappointing fiscal third-quarter results with a 16% year-over-year revenue decline to $2.96 billion, missing the consensus estimate of $3.24 billion. The North Face and Vans brands saw significant revenue drops. Adjusted earnings per share were 57 cents, below the expected 77 cents. Despite this, VF Corp reaffirmed its full-year 2024 free cash flow guidance of $600 million and announced a strategic review of its brand assets and a quarterly dividend of 9 cents per share.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 9:57 pm

KRE

NYCB

New York Community Bancorp Inc. (NYSE:NYCB) shares plummeted 22.15% to a 26-year low amid commercial real estate concerns and a disappointing quarterly report showing a loss. The bank's market cap halved following a 38% value loss after the report. NYCB, having acquired Signature Bank post the regional banking crisis, faces stricter regulations due to its asset growth. A significant portion of its loans are in commercial real estate, prompting a dividend cut and increased reserves for potential loan losses. Bank of America remains bullish with a price target of $8.50. The SPDR S&P Regional Banking ETF (NYSE:KRE) also saw a decline, closing 1.26% lower.

Portfolio Pulse from Piero Cingari

February 06, 2024 | 9:46 pm

YUMC

Yum China's stock price increased following the announcement of its Q4 financial results and a dividend hike.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:41 pm

RNR

RenaissanceRe Holdings has announced an increase in its quarterly dividend from $0.38 to $0.39.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:39 pm

NOG

Northern Oil and Gas, Inc. (NOG) announced an 18% YoY increase in its quarterly cash dividend to $0.40 per share, payable on April 30, 2024, to stockholders of record as of March 28, 2024. The company also highlighted its hedging strategy to protect returns on capital committed to acquisitions and development. NOG has added significant oil and natural gas hedges for 2024 and beyond, aiming to maximize total shareholder return amidst a moderated commodity price environment.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:37 pm

MSBI

Midland States Bancorp, Inc. (MSBI) has announced an increase in its dividend from $0.30 to $0.31 per share, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:33 pm

F

Ford Motor Company (NYSE: F) reported Q4 earnings with a revenue of $46 billion, up 4% YoY, surpassing the consensus estimate of $39.53 billion. EPS was 29 cents, beating the 13 cents estimate. Segment sales showed growth, especially in Ford Pro (+11%) and Ford Model e (+2%). The company emphasized its commitment to EVs, projecting the next generation of electric vehicles to be profitable within a year of launching. Ford announced a Q1 dividend of 15 cents per share and a supplemental dividend of 18 cents, payable on March 1. The company expects full-year adjusted EBIT to be between $10 billion and $12 billion, with free cash flow between $6 billion and $7 billion. Ford shares rose 7% in after-hours trading.

Portfolio Pulse from Chris Katje

February 06, 2024 | 9:33 pm

YUMC

Yum China has announced an increase in its dividend from $0.13 to $0.16, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:32 pm