Streetbeat News

Dividends

EIX

Edison International (NYSE:EIX) has increased its quarterly common stock dividend from $0.7375 to $0.78 per share, marking a 5.8% increase and the 20th consecutive annual dividend increase. The new annual dividend rate will be $3.12 per share. The dividend is payable on January 31, 2024, to shareholders of record as of December 29, 2023. Additionally, Southern California Edison declared a semiannual dividend of $25.1409 per share on the Series E preference stock, payable on February 1, 2024, to shareholders of record on January 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:43 pm

ATNI

ATN International, Inc. (NASDAQ:ATNI) has announced an expansion of its share repurchase program to $25 million and an increase in its quarterly dividend from $0.21 to $0.24 per share. The dividend is payable on January 5, 2024, to shareholders of record as of December 31, 2023. The company is concluding its three-year infrastructure expansion and plans to focus on increasing capital returns to shareholders. The Board's decision reflects confidence in the company's strategic plan, which has led to strong cash flows, growth, and a solid balance sheet. ATN will continue to pursue a balanced capital allocation strategy, including acquisitions, investments, share repurchases, and dividends, while managing its net debt carefully.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:37 pm

PFE

Pfizer Inc. (NYSE:PFE) has announced an increase in its quarterly cash dividend from $0.41 to $0.42 per share, marking the 341st consecutive quarterly dividend and the fifteenth year of consecutive dividend increases. The increased dividend is payable on March 1, 2024, to shareholders of record as of January 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:35 pm

COST

Costco Wholesale Corp (NASDAQ:COST) reported a strong fiscal first-quarter performance with a 6.1% increase in net sales year-over-year and revenue of $57.8 billion, surpassing the consensus estimate of $57.72 billion. Adjusted earnings were $3.48 per share, beating estimates of $3.42 per share. Comparable sales were up across all regions, with e-commerce sales rising 6.1%. Membership fees increased to $1.082 billion, and the company expanded to 871 warehouses. Additionally, Costco announced a special cash dividend of $15 per share. After the earnings release, Costco shares were up 1.14% after hours.

Portfolio Pulse from Adam Eckert

December 14, 2023 | 9:34 pm

NUE

Nucor Corporation (NYSE:NUE) has raised its regular quarterly cash dividend from $0.51 to $0.54 per share, payable on February 9, 2024, to shareholders of record as of December 29, 2023. This marks Nucor's 203rd consecutive quarterly dividend and represents the 51st consecutive year of dividend increases since 1973.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:23 pm

LW

Lamb Weston Holdings, Inc. (NYSE:LW) has announced a 29% increase in its quarterly dividend, raising it from $0.28 to $0.36 per share. The increased dividend is payable on March 1, 2024, to shareholders of record as of February 2, 2024. CEO Tom Werner highlighted the company's commitment to delivering shareholder returns and its capital allocation strategy.

Portfolio Pulse from Happy Mohamed

December 14, 2023 | 9:21 pm

COST

The Board of Directors of Costco has announced a special cash dividend of $15 per share on its common stock, which will be payable on January 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:17 pm

MPV

Barings Participation Investors has increased its quarterly dividend from $0.34 to $0.35 per share, indicating a positive outlook and potential for increased investor returns.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:54 pm

MCI

Barings Corporate Investors (MCI) has announced an increase in its quarterly cash dividend from $0.37 to $0.38 per share, marking the sixth consecutive increase. The hike is attributed to significant growth in net investment income, driven by higher base rates for floating rate holdings and strong credit selection.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:25 pm

CUBE

MAA

O

The article discusses the benefits of investing in REITs for retirees to combat inflation, highlighting three REITs that have recently raised their dividends: Realty Income Corp (O), Mid-America Apartment Communities Inc. (MAA), and CubeSmart (CUBE). Realty Income Corp announced a slight increase in its monthly dividend, maintaining a high occupancy rate and a strong total return since 1995. Mid-America Apartment Communities announced a 5% increase in its quarterly dividend, marking consistent growth and a strong dividend increase history. CubeSmart announced a 4.1% increase in its quarterly dividend, continuing its record of dividend growth and a high yield since its IPO.

Portfolio Pulse from Ethan Roberts

December 14, 2023 | 6:04 pm