Streetbeat News

Dividends

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

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

CI

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