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Dividends

TELL

Tellurian Inc. (TELL) is exploring the sale of its Haynesville upstream assets, including natural gas assets and drilling locations, to reduce debt and support the development of Driftwood LNG. The company produced 19.5 Bcf of natural gas in Q3 2023 and aims to leverage alternative gas supply strategies, deeming the ownership of upstream assets unnecessary at this stage. The sale is expected to reduce general and administrative expenses and provide additional cash, avoiding equity issuance for 2024 development activities.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:52 pm

PDS

Precision Drilling Corp (NYSE:PDS) shares surged after reporting its Q4 FY23 results, with a slight revenue decline but significant increases in adjusted EBITDA and EPS. The company saw a decrease in drilling rig utilization days in the U.S. and Canada but an increase internationally. It plans to reduce debt and allocate a portion of its free cash flow towards share repurchases, with an outlook of increasing its average active international rig count by 40% Y/Y.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 5:18 pm

TW

Tradeweb Markets Inc (NASDAQ:TW) reported a 26.3% Y/Y revenue growth for Q4, slightly missing consensus estimates. Adjusted EPS met expectations. The company saw significant growth across its Rates, Credit, Equities, Money Markets, and Market Data segments, with a notable 56.9% increase in average daily volume. Tradeweb announced a dividend increase of 11.1% and highlighted strategic acquisitions and partnerships aimed at global expansion. FY24 guidance includes expected LSEG Market Data Contract Revenues growth.

Portfolio Pulse from Anusuya Lahiri

February 06, 2024 | 4:37 pm

J

Jacobs Solutions Inc. (NYSE:J) reported Q1 earnings that exceeded forecasts with a 9.5% revenue growth year over year to $4.159 billion, surpassing the consensus of $3.67 billion. Adjusted EPS was $2.02, beating the consensus of $1.51. The backlog increased by 4.7% year over year to $29.6 billion, with a 6.1% increase in gross profit in backlog. The company also announced an 11.5% quarterly dividend increase to $0.29 and reiterated its fiscal 2024 adjusted EBITDA and EPS outlook. Shares rose by 1.78% to $139.44.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 4:27 pm

DD

DuPont De Nemours, Inc. (NYSE:DD) reported a 7% year-over-year sales decline in Q4 fiscal 2023, missing consensus estimates. Despite this, the company saw a 166% increase in adjusted free cash flow and announced a new $1 billion share repurchase program and a 6% dividend increase. The company's 2024 outlook anticipates sales and earnings growth in the second half, driven by an electronics market recovery and improved industrial market orders. Shares rose 5.49% to $64.57.

Portfolio Pulse from Akanksha Bakshi

February 06, 2024 | 3:05 pm

UBS

UBS Group AG reported a Q4 2023 net loss of $279 million, an improvement from Q3's $715 million loss but down from the previous year's $1.6 billion profit. Sales rose 35% Y/Y to $10.9 billion, beating consensus. The consolidation with Credit Suisse contributed to Global Wealth Management's revenue increase and net new assets. UBS plans a $0.70 per share dividend for 2023 and expects to buy back up to $1 billion in shares in 2024. Shares fell 4.73% to $28.38.

Portfolio Pulse from Vandana Singh

February 06, 2024 | 2:48 pm

PMX

PIMCO Municipal Income (NYSE:PMX) announced a monthly dividend of 3.3 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, payable on March 01, 2024.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:46 pm

PCQ

PIMCO California (NYSE:PCQ) announced its ex-dividend date as Friday, with a dividend payout of 3.6 cents per share. Shareholders owning the stock by the end of Thursday are eligible for the dividend, set to be paid on March 01, 2024.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:45 pm

RCS

PIMCO Strategic Income (NYSE:RCS) announced a monthly dividend of 5.1 cents per share, with Thursday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Friday, likely opening 5.1 cents lower. The dividend payout is scheduled for March 01, 2024.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:45 pm

PCM

PCM Fund (NYSE:PCM) announced its ex-dividend date as Friday, with a dividend payout of 8 cents per share. Shareholders owning the stock by the end of Thursday are eligible for the dividend, to be paid on March 01, 2024. The stock is expected to open 8 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:45 pm