Streetbeat News

Dividends

LQR

LQR House has announced a declaration of a 50% stock dividend, indicating a significant return to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:33 pm

RWAY

Runway Growth Finance has declared a Q1 regular dividend of $0.40 per share and a supplemental distribution of $0.07 per share. This announcement could indicate the company's strong financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:32 pm

DB

Deutsche Bank AG (NYSE:DB) shares surged premarket Thursday after reporting Q4 FY23 results with mixed financial performance. The bank saw a 5% Y/Y revenue growth to €6.66 billion, missing consensus in USD terms. Key highlights include a 9% increase in Corporate Bank net revenues, a 10% rise in Investment Bank net revenues, and a 4% decline in Private Bank revenues. Noninterest expense grew by 5% due to restructuring and severance costs. EPS of $0.72 beat consensus, and the bank announced plans to increase share repurchases and dividends by at least 50% Y/Y in 2024.

Portfolio Pulse from Lekha Gupta

February 01, 2024 | 1:27 pm

X

U.S. Steel Corporation (NYSE:X) offers a 0.43% annual dividend yield, with Q4 earnings expected to show a decrease in both earnings per share and revenue compared to the previous year. Nippon Steel plans to acquire U.S. Steel for $55 per share. Investors can earn significant monthly income from dividends with substantial investment in U.S. Steel shares.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 1:23 pm

BTCUSD

ETHUSD

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin fell after the Fed left rates unchanged, signaling a temporary setback. Meanwhile, a new ETF allows investment in major tech stocks, and Binance faces a lawsuit for allegedly aiding terrorists. In the US, market sentiment declined following the Fed's decision, impacting stocks and the Dow. Globally, tensions with Iran and China's cyber activities raise concerns. Economic indicators suggest a looming recession, while in tech, Apple's new products and partnerships draw attention. The electric vehicle sector sees advancements and legal challenges for Tesla.

Portfolio Pulse from Akanksha Bakshi

February 01, 2024 | 1:22 pm

ADTN

ERIC

HPQ

Wall Street's most accurate analysts recommend holding three tech stocks with over 3% dividend yields: ADTRAN Holdings, Inc. (ADTN), Telefonaktiebolaget LM Ericsson (ERIC), and HP Inc. (HPQ). These recommendations come during a period of market turbulence, highlighting the value of high-yield dividend stocks. ADTN announced its Q4 financial results release date, ERIC secured funding agreements with the EIB, and HP reported a 6.5% Y/Y decrease in Q4 net revenue but still beat consensus.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 12:31 pm

NYCB

New York Community Bancorp (NYSE:NYCB) reported Q4 financial results below expectations, with a revenue of $740 million against an estimate of $811.07 million and an adjusted loss of 27 cents per share versus expected earnings of 28 cents per share. The company also announced a $552 million provision for loan losses and reduced its quarterly dividend to 5 cents per share. Following the report, NYCB shares dropped 37.7% to $6.47. Analysts from RBC Capital, Jefferies, and Raymond James subsequently downgraded the stock and lowered their price targets.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 12:16 pm

PBI

Pitney Bowes announced a quarterly cash dividend of $0.05 per share, payable on March 14, 2024, to shareholders of record as of February 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:14 pm

DGX

Quest Diagnostics has announced a 5.6% increase in its quarterly dividend, raising it from $0.71 to $0.75 per share, which amounts to $3.00 per share annually. This new dividend rate will be effective with the dividend payable on April 22, with a record date of April 8.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:51 am

CMS

CMS Energy's Board of Directors has approved an increase in the quarterly dividend on common stock to 51.50 cents per share, up from 48.75 cents per share.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:50 am