Streetbeat News

Dividends

BX

Blackstone Inc (NYSE:BX) shares rose after reporting Q4 FY23 results. Despite missing revenue estimates with $2.54 billion against a $2.57 billion consensus, distributable earnings increased 4% Y/Y to $1.39 billion. Fee-related earnings varied across segments, with a decline in Private Equity. Net accrued performance revenue decreased from the prior year, but distributable EPS of $1.11 beat the $0.95 consensus. AUM grew 7% Y/Y to $1.04 trillion. Blackstone announced a dividend of $0.94/share and repurchased 0.4 million shares. The stock is up 3.04% premarket.

Portfolio Pulse from Lekha Gupta

January 25, 2024 | 2:27 pm

SJW

SJW Group (NYSE:SJW) has announced an increase in its quarterly dividend from $0.38 to $0.40 per share, starting March 1, 2024. This marks a 5.3% increase in the annual dividend and extends the company's streak to 56 consecutive years of annual dividend increases. The annualized dividend for 2024 will be $1.60 per share, up from $1.52 in 2023. The company has a long history of paying dividends, with more than 80 years of consecutive payments and increases for the past 56 years.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:05 pm

COF

Capital One Financial Corporation (NYSE:COF) is anticipated to release its Q4 earnings report after market close on January 25, with expected earnings of $2.64 per share, down from $2.82 per share year-over-year. Revenue is projected at $9.46 billion, up from $9.04 billion. Analyst downgrades include BMO Capital moving COF to Market Perform and Deutsche Bank initiating coverage with a Hold rating and a $153 price target. The company's dividend yield is 1.83%, with a quarterly dividend of 60 cents per share. To earn $500 monthly from dividends, an investment of approximately $327,725 or 2,500 shares is needed. COF shares gained around 1% to close at $131.09 on Wednesday.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 1:28 pm

WWD

Woodward, Inc. has announced an increase in its quarterly dividend from $0.22 to $0.25 per share, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:04 pm

NEP

NextEra Energy Partners (NEP) maintains its growth projection of 5% to 8% per year in limited partner distributions per unit, aiming for a 6% annual growth target.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:47 pm

NEE

NextEra Energy has reaffirmed its adjusted EPS guidance for FY2024 at $3.23-3.43, aligning with the $3.40 estimate. The company also projects a 6-8% growth in adjusted EPS for 2025 and 2026, with expected ranges of $3.45-3.70 and $3.63-4.00, respectively. Additionally, NextEra Energy anticipates a 10% annual growth in dividends per share through at least 2024, based on the 2022 dividend figures.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:35 pm

LYTS

LSI Industries has announced a regular cash dividend of $0.05 per share, which will be payable on February 13, 2024, to shareholders on record as of February 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:07 pm

CMCSA

Comcast Corporation has announced an increase in its quarterly dividend from $0.29 to $0.31 per share, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:03 pm

NUS

PEP

TGT

Wall Street's most accurate analysts recommend holding three consumer staples stocks with high dividend yields: Nu Skin Enterprises (NUS), PepsiCo (PEP), and Target Corporation (TGT). Analysts from DA Davidson and Stifel have adjusted their ratings and price targets for NUS, with DA Davidson cutting the target from $29 to $21 and Stifel from $35 to $27. For PEP, JP Morgan downgraded the stock and reduced the price target from $185 to $176, while Morgan Stanley maintained an Equal-Weight rating and lowered the target from $210 to $190. Citigroup and Stifel analysts have raised their price targets for TGT, with Citigroup increasing from $117 to $142 and Stifel from $130 to $141. Nu Skin reported preliminary Q4 revenue above guidance, PepsiCo named Ram Krishnan as CEO of PepsiCo Beverages North America, and Target appointed Michael Fiddelke as COO.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 11:48 am

AIT

Applied Industrial Technologies' Board has approved a 6% increase in the quarterly cash dividend to $0.37 per share, payable on February 29, 2024, to shareholders of record as of February 15, 2024. This marks the 15th dividend increase since 2010.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:41 am