Streetbeat News

Dividends

GEN

Gen Digital Inc (NASDAQ:GEN) shares plummeted over 18% following the announcement of disappointing third-quarter FY24 financial results. The company reported a 2% year-over-year increase in revenue to $951 million, missing the consensus estimate of $956.2 million. Adjusted operating income and EPS also rose but fell short of expectations. Despite this, a regular quarterly dividend of $0.125 per share was declared. The company's outlook for Q4 and FY24 was revised, with both revenue and adjusted EPS forecasts below consensus estimates.

Portfolio Pulse from Lekha Gupta

February 02, 2024 | 4:41 pm

UG

United-Guardian, Inc. (NASDAQ:UG) shares rose by 5.28% to $8.26 after announcing a significant dividend increase to $0.25 per share, payable on February 20, 2024. This marks the 29th consecutive year of dividend payments, with the increase supported by expanded marketing activities and a strategic focus on growth. Despite a 7% rise in the last six months, UG underperformed the S&P 500.

Portfolio Pulse from Nabaparna Bhattacharya

February 02, 2024 | 4:12 pm

CHD

Church & Dwight Company, Inc. (NYSE:CHD) reported Q4 net sales of $1.528 billion, a 6.4% increase year over year, surpassing both its own and analyst expectations. Organic sales grew by 5.3%, driven by favorable price and product mix and higher volume. Adjusted EPS was $0.65, matching analyst consensus. The company saw growth in both domestic and international consumer sales but a decrease in Specialty Products' net sales. Gross margin improved due to pricing, volume, productivity, and the HERO acquisition. Church & Dwight raised its quarterly dividend by 4% and provided a positive outlook for 2024, expecting 4%-5% sales growth and 7%-9% adjusted EPS growth. Despite the positive report, CHD shares fell by 2.25% to $99.49.

Portfolio Pulse from Nabaparna Bhattacharya

February 02, 2024 | 4:02 pm

AMZN

CI

CLX

DECK

META

Clorox reported better-than-expected Q2 financial results and raised FY24 EPS guidance, leading to a 4.6% stock increase. Other stocks like Tyra Biosciences, Meta Platforms, and Deckers Outdoor also saw significant gains due to positive financial news or analyst upgrades. Companies like Amazon and Cigna reported strong results and provided optimistic future guidance, contributing to their stock's upward movement.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 3:35 pm

LYB

LyondellBasell Industries N.V. (NYSE:LYB) reported mixed Q4 fiscal 2023 results with revenues of $9.93 billion, slightly above consensus but down from the previous year. Adjusted EBITDA increased by 5.2% Y/Y, while adjusted EPS missed expectations. The company highlighted strong cash conversion and strategic moves including divestitures and a new joint venture. However, LYB warned of headwinds from slow demand and economic uncertainty, expecting continued challenges in Q1 2024. Shares fell by 2.65% to $92.11.

Portfolio Pulse from Akanksha Bakshi

February 02, 2024 | 3:30 pm

CI

Cigna's stock is trading higher following the announcement of better-than-expected Q4 results and a strong revenue outlook. Additionally, the company has increased its dividend.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 3:00 pm

FSBW

FS Bancorp (NASDAQ:FSBW) announced a quarterly dividend of 26 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the payout on February 22, 2024. The stock is expected to open 26 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 2:45 pm

HFWA

Heritage Financial (NASDAQ:HFWA) announced a quarterly dividend of 23 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, payable on February 22, 2024. The stock is expected to open 23 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 2:45 pm

MGYR

Magyar Bancorp (NASDAQ:MGYR) announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the payout on February 22, 2024. The stock is expected to open 5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 2:45 pm

WTFC

Wintrust Financial Corporation (NASDAQ:WTFC) announced a quarterly dividend of 45 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, payable on February 22, 2024. The stock is expected to open 45 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 2:45 pm