Streetbeat News

Dividends

HP

Helmerich & Payne Inc (NYSE:HP) stock surged after reporting Q1 FY24 earnings that exceeded expectations. Revenue was $677.1 million, surpassing the $662.2 million consensus, and adjusted EPS was $0.97, beating the $0.72 consensus. The company saw increased operating income, operating cash flow, and higher revenue per day in its North America Solutions segment. HP returned $90 million to shareholders through dividends and share repurchases. The company expects modest rig count growth in fiscal 2024 due to lower projected U.S. crude oil production growth and commodity price volatility. HP shares rose 16.42% to $42.19.

Portfolio Pulse from Lekha Gupta

January 30, 2024 | 5:10 pm

CCL

Carnival Corporation (NYSE:CCL) reported record-high booking volumes since November, with increased pricing and occupancy compared to 2023. The company will reroute 12 ships from the Red Sea, affecting its adjusted EPS by $0.07 to $0.08 for 2024, mainly in Q2. Despite this, Carnival expects strong bookings to offset the rerouting impact. Carnival also redeemed its $571 million 9.875% senior secured notes due 2027, clearing all second lien debt. The stock pays a dividend with a 4.21% yield as of Jan. 30, 2024.

Portfolio Pulse from Erica Kollmann

January 30, 2024 | 5:07 pm

WMB

Williams Companies, Inc. has announced an increase in its quarterly dividend from $0.4475 to $0.4750 per share.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:40 pm

AOS

A.O. Smith Corp (NYSE:AOS) reported Q4 2023 revenue of $988.1 million, a 6% increase Y/Y, surpassing consensus estimates. North American sales grew by 7%, while Rest of World sales increased by 4%. Adjusted EPS was $0.97, beating the $0.96 consensus. The company has a strong cash position and reduced debt, repurchased 4.4 million shares in 2023, and plans to repurchase $300 million worth in 2024. A dividend of $0.32 per share will be paid on February 15. FY24 sales are projected between $3.97 billion and $4.05 billion, with adjusted EPS of $3.90-$4.15. Despite positive results and outlook, AOS shares dropped by 4.09% to $78.00.

Portfolio Pulse from Lekha Gupta

January 30, 2024 | 4:29 pm

BGS

CALM

B&G Foods (NYSE:BGS) is distributing a dividend of $0.19 per share today, with an annualized yield of 9.13%. The company's dividend per share decreased from $1.90 in 2020 to $0.76 in 2023, and earnings per share also declined from $2.19 in 2020 to $1.09 in 2023. This trend raises concerns about the company's financial health and future dividend sustainability. B&G Foods has the highest dividend yield compared to Cal-Maine Foods (NASDAQ:CALM), which has a yield of 5.60%.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 3:05 pm

BXP

OPI

Boston Props (NYSE:BXP) is distributing a dividend of $0.98 per share with a 5.49% yield. Shareholders eligible for the payout owned the stock before December 28, 2023. The company has maintained a steady dividend per share of $3.92 from 2020 to 2023 and experienced earnings growth from $6.79 to $7.31 per share, indicating financial health and potential for continued profit sharing with investors. Office Props IT (NASDAQ:OPI) has a higher yield at 20.65%.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 3:05 pm

WBS

Webster Financial Corporation (NYSE:WBS) will pay a quarterly dividend of $0.40 per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend, which will be paid on February 16, 2024. The stock is expected to open $0.40 lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:45 pm

MATW

Matthews International (NASDAQ:MATW) announced a quarterly dividend of 24 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on February 19, 2024. The stock is expected to open 24 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:45 pm

SYF

Synchrony Financial (NYSE:SYF) has announced a quarterly dividend of $0.25 per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday, which means it will likely open $0.25 lower to reflect the payout. Shareholders owning SYF by the end of Thursday's session will receive the dividend on February 15, 2024.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:45 pm

LYTS

LSI Industries (NASDAQ:LYTS) announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on February 13, 2024. The stock is expected to open 5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:45 pm