Streetbeat News

Dividends

MCD

McDonald's Corporation (NYSE:MCD) is anticipated to release its Q4 earnings on Feb. 5, 2024, with expected earnings of $2.82 per share and revenue of $6.45 billion, up from the previous year. CEO Chris Kempczinski highlighted potential headwinds in the Middle East affecting business. The article also explores how investors can earn dividends from McDonald's stock, with a current yield of 2.24%, and calculates the number of shares needed to generate specific monthly dividend incomes.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:28 pm

AGRI

CCTG

CLX

META

SKX

Meta Platforms, Inc. (META) shares surged over 16% in pre-market trading due to strong fourth-quarter results and a new quarterly dividend. Other stocks also showed significant pre-market movements, with notable gainers including CCSC Technology International Holdings Limited (CCTG) and The Clorox Company (CLX), and losers like AgriFORCE Growing Systems Ltd. (AGRI) and Skechers U.S.A., Inc. (SKX).

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:21 pm

CI

Cigna Corporation (NYSE:CI) reported Q4 2023 sales of $51.15 billion, a 12% increase Y/Y, surpassing consensus estimates. The growth was driven by Evernorth Health Services and Cigna Healthcare, with the latter seeing a 17% rise in adjusted sales to $13 billion. The company's medical cost ratio improved to 82.2% from 83.8% a year ago. Total premiums and the number of medical customers also saw significant increases. Cigna's adjusted EPS of $6.79 beat Wall Street estimates, and it declared a higher quarterly dividend of $1.40 per share. The company forecasts FY 2024 revenues of at least $235 billion and an adjusted EPS of at least $28.25. CI shares rose 4.16% in premarket trading.

Portfolio Pulse from Vandana Singh

February 02, 2024 | 1:15 pm

PIPR

Piper Sandler, a notable financial services firm, has announced a special dividend of $1.00 per share. This move is likely to attract investor attention and could have implications for the company's stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:14 pm

CVX

HES

Chevron Corp (NYSE:CVX) reported mixed Q4 FY23 results with total revenues of $47.18 billion missing consensus estimates but adjusted EPS of $3.45 beating expectations. The company saw a loss in U.S. upstream operations but increased international upstream earnings and raised its dividend by 8%. Chevron also completed acquisitions, including PDC Energy, Inc. and a majority stake in ACES Delta, LLC, and announced an acquisition deal with Hess Corporation (NYSE:HES). Shares rose 1.42% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 02, 2024 | 1:11 pm

PSMT

PriceSmart has increased its annual dividend from $0.92 to $1.16, indicating a positive outlook on its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:06 pm

MCHP

Microchip Technology Inc (NASDAQ:MCHP) shares dropped in premarket trading after reporting Q3 FY24 results with lower-than-expected net sales and a decline in margins. Despite beating EPS estimates, the company's revenue fell 18.6% Y/Y, and it warned of cautious demand outlook due to a weak macro environment. Microchip announced plans for factory shutdowns, underutilization charges, and a raised quarterly dividend. The company's Q4 outlook is below consensus estimates.

Portfolio Pulse from Lekha Gupta

February 02, 2024 | 12:40 pm

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