Streetbeat News

Dividends

AAPL

AMZN

META

U.S. stock markets closed higher on February 1st, driven by major earnings reports anticipation and positive employment data. Meta Platforms (META) announced its first dividend, leading to a stock rise, while Amazon (AMZN) shares increased after earnings. Apple (AAPL) shares fell due to underperforming China sales. Asian markets were mixed, with Australia hitting a record high. European markets climbed, and commodities saw mixed movements with crude oil dipping below $75 and gold trading above $2,070.

Portfolio Pulse from Akanksha Bakshi

February 02, 2024 | 12:16 pm

CHTR

Charter Communications reported a Q4 decrease in residential and SMB Internet customers by 61K but saw an increase in mobile lines by 546K. The company's Q4 revenue grew by 0.3% YoY, with significant growth in mobile service revenue. Net income for Q4 was $1.1 billion, contributing to a total of $4.6 billion for 2023. Adjusted EBITDA for Q4 increased by 1.6% YoY. The full year revenue and EBITDA also saw growth, while free cash flow decreased due to higher capital expenditures. Charter repurchased 3.2 million shares in Q4.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 12:05 pm

CHD

Church & Dwight announced a 4% increase in its quarterly dividend, raising it from $0.2725 to $0.28375 per share, payable on March 1st, 2024, to stockholders of record as of February 15th, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:58 am

CVX

Chevron's Board of Directors has announced an 8% increase in its quarterly dividend, raising it to $1.63 per share, payable on March 11, 2024, to shareholders on record as of February 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:16 am

Cigna's Board of Directors has announced a 14% increase in its cash quarterly dividend to $1.40 per share, payable on March 21, 2024, to shareholders of record as of March 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:05 am

META

Meta Platforms, Inc. (NASDAQ:META) shares surged over 16% in premarket trading following its Q4 earnings report, which exceeded expectations and surpassed Wall Street forecasts for key user metrics. The company also announced a quarterly dividend of 50 cents per share and a new $50 billion share repurchase authorization. KeyBanc Capital Markets analyst Justin Patterson reiterated an Overweight rating and increased the price target from $465 to $575, citing strong capital allocation and atypically strong 1Q guidance.

Portfolio Pulse from Shanthi Rexaline

February 02, 2024 | 10:46 am

AAPL

AMZN

BMY

META

XOM

U.S. stock futures are trading higher with focus on Exxon Mobil, Apple, Bristol-Myers Squibb, Amazon, and Meta Platforms ahead of Friday. Exxon Mobil is expected to report earnings of $2.21 per share. Apple reported higher than expected earnings but saw a revenue decline in China. Bristol-Myers Squibb is anticipated to earn $1.53 per share. Amazon reported strong results and provided optimistic revenue and operating income guidance. Meta Platforms announced positive financial results, a new dividend, and a $50 billion share repurchase authorization.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 8:20 am

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

QQQ

TSLA

Meta Platforms, Inc. (META) announced a quarterly cash dividend of 50 cents per share, marking its entry into dividend distribution 12 years after its IPO. This move led to a 15% surge in Meta shares during after-hours trading. Meta joins the 'Magnificent Seven' tech companies paying dividends, alongside Apple (AAPL), Nvidia (NVDA), and Microsoft (MSFT). However, Tesla (TSLA), Amazon (AMZN), and Alphabet (GOOG/GOOGL) have not initiated dividend policies. Meta's decision is backed by its strong financials, with $64.5 billion in cash and $43 billion in free cash flow in 2023. Additionally, Meta announced a new $50 billion share repurchase authorization.

Portfolio Pulse from Shanthi Rexaline

February 02, 2024 | 5:36 am

META

Meta Platforms Inc (NASDAQ:META) has announced its first-ever quarterly cash dividend of 50 cents per share, starting in March. This move is expected to yield CEO Mark Zuckerberg an estimated $700 million annually, based on his 350 million shares. The decision reflects Meta's growth outlook, despite the tech firm's reduced acquisition opportunities due to regulatory challenges. Meta's focus shift and a $50 billion share buyback plan have contributed to its stock nearly tripling in value in 2023. Additionally, Meta reported a 25% year-over-year increase in fourth-quarter revenue to $40.11 billion, surpassing consensus estimates.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 4:37 am

AAPL

AMZN

META

TEAM

TSLA

Tech giants Apple, Meta Platforms, Amazon, Atlassian, and Tesla were in focus as U.S. stocks closed higher, driven by their earnings releases. Apple and Meta beat earnings expectations, Amazon reported a revenue increase, Atlassian surpassed earnings and sales forecasts but saw its stock decline, and Tesla announced a shareholder vote on moving its incorporation to Texas.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 3:15 am