Streetbeat News

Dividends

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

T

VZ

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

MS

Morgan Stanley (NYSE:MS) has announced a quarterly dividend of 85 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning MS stock by the end of Monday's session will be eligible for the dividend, which will be paid on February 15, 2024. The stock is expected to open 85 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:46 pm

ENTG

Entegris (NASDAQ:ENTG) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning ENTG stock by the end of Monday are eligible for the dividend, payable on February 21, 2024. The stock is expected to open 10 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:45 pm

NTIC

Northern Technologies (NASDAQ:NTIC) announced a quarterly dividend of 7 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, to be paid on February 14, 2024. The stock is expected to open 7 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:45 pm

SKT

Tanger (NYSE:SKT) will go ex-dividend on Tuesday, with shareholders as of Monday's close eligible for a quarterly dividend of 26 cents per share, payable on February 15, 2024. The stock is expected to open 26 cents lower on Tuesday to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:45 pm

MCBS

MetroCity Bankshares (NASDAQ:MCBS) has announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid out on February 09, 2024. The stock is expected to open 20 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:45 pm

KMI

Kinder Morgan (NYSE:KMI) announced a quarterly dividend of 28.25 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on February 15, 2024. The stock is expected to open lower by the dividend amount on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:45 pm

SLG

SL Green Realty (NYSE:SLG) announced a monthly dividend of 25 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning SLG stock by the end of Monday are eligible for the dividend, which will be paid on February 15, 2024. The stock is expected to open 25 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:45 pm