Streetbeat News

Dividends

ADT

ADT Inc. has announced its decision to exit the residential solar business, alongside plans to increase its dividend and initiate a $350 million share repurchase program. These strategic moves have led to an increase in ADT's stock price.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:02 pm

CMCSA

Comcast Corporation's stock (CMCSA) is trading higher following the announcement of its Q4 earnings that surpassed expectations. The company also declared a $15 billion stock buyback program and increased its dividend, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:07 pm

GEN

ORCL

Oracle (NYSE:ORCL) is set to distribute a dividend of $0.40 per share with an annualized yield of 1.41%. The dividend is for shareholders on record before January 10, 2024. Oracle has shown a positive trend in dividend per share growth from $0.96 in 2020 to $1.60 in 2023, and earnings growth from $4.16 to $5.42 per share over the same period. This suggests strong financial health and potential for continued profit distribution. Gen Digital (NASDAQ:GEN) has the highest dividend yield in the industry at 2.13%.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

FBNC

NWBI

First Bancorp (NASDAQ:FBNC) is set to distribute a dividend of $0.22 per share with an annualized yield of 2.35% to shareholders on record as of December 31, 2023. The company has shown a positive trend in dividend growth from $0.72 to $0.88 per share from 2020 to 2023 and an increase in earnings per share from $2.70 to $2.89 over the same period. This consistent growth indicates a strong financial health and commitment to rewarding shareholders. Northwest Bancshares (NASDAQ:NWBI) has a higher annualized dividend yield of 6.25% compared to First Bancorp.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

IEP

General Electric (NYSE:GE) maintains a stable dividend payout of $0.08 per share, with an annualized yield of 0.26%. Despite a lower yield compared to Icahn Enterprises (NASDAQ:IEP), GE's consistent dividend and increasing earnings per share from $1.36 to $3.01 from 2020 to 2023 suggest a strong financial position and potential for future dividend growth.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

NGVC

VLGEA

Village Super Market (NASDAQ:VLGEA) is distributing a $0.25 per share dividend with a 4.00% yield, maintaining a steady dividend since 2020. Earnings per share grew from $1.47 to $3.37 from 2020 to 2023, indicating financial health and potential for future dividend increases. VLGEA leads in dividend yield compared to peers like Natural Grocers (NYSE:NGVC), which has a 2.57% yield.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

CODI

UWMC

Compass Diversified Hldgs (NYSE:CODI) announced a dividend payout of $0.25 per share with an annualized yield of 4.51%. The dividend is consistent with previous quarters but shows a decrease from $0.36 in 2021. Despite the reduced dividend, CODI's earnings per share have grown from $-0.72 in 2020 to $1.92 in 2023, indicating a focus on business growth. UWM Hldgs (NYSE:UWMC) is mentioned with the highest yield in the industry at 6.24%.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

DOW

Dow Inc (NYSE:DOW) reported Q4 fiscal 2023 sales of $10.62 billion, a 10.4% decrease Y/Y but beating consensus estimates. Adjusted EPS was $0.43, above the $0.40 consensus. Despite a Y/Y decline in sales across all segments, the company saw a volume increase of 2% and a strong operating cash flow of $1.63 billion. DOW returned $616 million to shareholders through dividends and repurchases. The company's CEO expressed optimism for 2024, citing a strong balance sheet and cash generation, and projects expected to deliver significant earnings by 2030. DOW shares rose 2.5% to $54.42.

Portfolio Pulse from Akanksha Bakshi

January 25, 2024 | 3:00 pm

CMCSA

Comcast Corp (NASDAQ: CMCSA) reported Q4 FY23 revenue of $31.25 billion, a 2.3% increase Y/Y, surpassing consensus estimates. Adjusted EPS was $0.84, beating the consensus of $0.79. Broadband revenue grew by 3.7% Y/Y, but the company saw a decrease in customer relationships and net losses in broadband and video customers. Wireless lines increased by 310,000. Media revenue rose by 3.1% Y/Y, and Studios revenue by 4.3% Y/Y, with Peacock's paid subscribers up nearly 50% Y/Y. Theme Parks' revenue increased by 12.2%. Comcast announced a 6.9% dividend increase and a new $15 billion share repurchase program. CMCSA shares rose by 5.16% to $46.06.

Portfolio Pulse from Anusuya Lahiri

January 25, 2024 | 2:59 pm

CNF

IGIC

OVLY

PGC

SNFCA

Benzinga Insights has identified several value stocks in the financial services sector based on low P/E ratios. Oak Valley (OVLY), Peapack Gladstone Finl (PGC), Security National Finl (SNFCA), CNFinance Hldgs (CNF), and Intl General Insurance (IGIC) are on the list. OVLY and PGC reported a decrease in EPS compared to Q2, while SNFCA and IGIC also saw a decrease in EPS. CNF, however, experienced an increase in EPS. Dividend yields have varied, with OVLY and PGC seeing increases, while IGIC reported a decrease.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:47 pm