Streetbeat News

Dividends

CINF

Cincinnati Financial Corporation has announced an increase in its regular quarterly cash dividend, raising it from $0.75 to $0.81 per share.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:11 pm

APPF

AXP

CRBP

EHTH

INTC

PCSA

TKLF

American Express (NYSE:AXP) shares rose over 7% after reporting Q4 financial results and announcing plans to increase its dividend, despite missing revenue and EPS consensus. AppFolio (NASDAQ:APPF) shares surged 28% on strong Q4 results and guidance. Corbus Pharmaceuticals (NASDAQ:CRBP) soared 221% on positive clinical study data. eHealth (NASDAQ:EHTH) gained 24% on preliminary Q4 results. Intel (NASDAQ:INTC) fell 10% due to a weak Q1 forecast. Processa Pharmaceuticals (NASDAQ:PCSA) dropped 25% after announcing a public offering. Yoshitsu (NASDAQ:TKLF) plummeted 60% after a direct offering and private placement announcement. Crude oil was down 1%, while U.S. stocks traded higher overall.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 5:00 pm

FCNCA

First Citizens BancShares Inc (NASDAQ:FCNCA) reported Q4 FY23 results with revenue of $1.91 billion, missing consensus estimates of $2.38 billion. Net interest income increased to $1.91 billion from $802 million a year ago, with improved margins. The CET 1 ratio improved to 13.36% from 10.08% a year ago. Adjusted EPS of $46.58 missed the consensus of $47.98. The provision for credit losses was $249 million, up from $79 million a year ago. Loans and leases totaled $133.30 billion, and deposits were $145.85 billion. A quarterly dividend of $1.64 per share was declared, payable on March 15, 2024. Despite missing revenue and EPS estimates, FCNCA shares surged 4.83% to $1,480.57.

Portfolio Pulse from Lekha Gupta

January 26, 2024 | 4:49 pm

BAH

Booz Allen Hamilton Holding Corp (NYSE:BAH) reported strong third-quarter fiscal 2024 results, with a 12.9% year-on-year sales growth to $2.57 billion, surpassing the consensus of $2.54 billion. Adjusted EPS increased to $1.41 from $1.07, beating the consensus of $1.14. Operating margin improved significantly, and the company raised its quarterly dividend by $0.04 to $0.51 per share. Booz Allen also raised its FY24 outlook for sales growth, adjusted EPS, adjusted EBITDA, and operating cash flow. BAH shares surged 13.1% to $145.76 following the positive report.

Portfolio Pulse from Akanksha Bakshi

January 26, 2024 | 4:28 pm

GATX

GATX Corporation has announced an increase in its quarterly dividend from $0.55 to $0.58 per share, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:02 pm

AXP

American Express (AXP) shares are up following the release of their Q4 financial results, the issuance of FY24 guidance, and an announcement of a planned dividend increase.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:19 pm

F

WGO

Winnebago Industries (NYSE:WGO) is distributing a dividend of $0.31 per share with an annualized yield of 1.68%. The company has shown a positive trend with dividend per share increasing from $0.46 in 2020 to $1.16 in 2023, and earnings per share growing from $3.55 to $6.66 over the same period. This suggests a strong financial health and potential for future dividend growth. Ford Motor (NYSE:F) has the highest dividend yield in the industry at 5.29%.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:05 pm

IVR

ORC

Invesco Mortgage Capital (NYSE:IVR) is set to pay a dividend of $0.40 per share today, with an annualized yield of 17.60%. The dividend has grown from $0.36 to $1.60 per share from 2021 to 2023, and earnings per share have increased from $-9.40 to $5.92, indicating strong financial health and potential for continued profit distribution to shareholders. IVR outperforms Orchid Island Capital (NYSE:ORC) in dividend yield, which stands at 16.65%.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:05 pm

MDC

TOL

Toll Brothers (NYSE:TOL) has distributed a dividend of $0.21 per share with an annualized yield of 0.91%. The company has shown a positive trend in dividend per share growth from $0.44 in 2020 to $0.84 in 2023, and earnings per share growth from $3.45 in 2020 to $12.39 in 2023. This suggests financial health and potential for future dividend increases. M.D.C. Holdings (NYSE:MDC) has the highest annualized dividend yield in the industry at 3.43%.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:05 pm