Streetbeat News

Dividends

VIRC

Virco Manufacturing has authorized a $5 million share repurchase program and has reinstated its quarterly dividend at $0.02 per share, which will be payable on January 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:07 pm

INVH

Invitation Homes has declared a regular quarterly cash dividend of $0.28 per share on its common stock, marking a 7.7% increase from the previous dividend. The dividend is scheduled to be paid on or before January 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:56 am

BWG

BrandywineGLOBAL (NYSE:BWG) has declared a monthly dividend of $0.080 per share, with a payment date of April 1, 2021, to shareholders on record as of March 24, 2021. The ex-dividend date is March 23, 2021, and the dividend yield is 7.577%.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:32 am

AVGO

JOUT

LULU

MOMO

U.S. stock futures are mixed ahead of Friday's trading session. Johnson Outdoors Inc. is expected to report a quarterly loss, while Broadcom Inc. announced positive earnings and a dividend increase but saw a slight stock decline. Hello Group Inc. is anticipated to report earnings, with shares rising after-hours. Lululemon Athletica Inc. reported strong third-quarter results but projected weaker sales, leading to a stock drop. RH experienced an unexpected loss and sales miss, causing a significant after-hours stock decrease.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 8:27 am

AMD

AVGO

GOOG

GOOGL

LULU

TSLA

U.S. stocks closed higher on Thursday, with the Dow, NASDAQ, and S&P 500 all seeing gains. AMD's stock surged 9.89% due to a new AI chip launch and adoption by major companies. Broadcom rose 2.06% after announcing a dividend hike and positive revenue outlook. Lululemon gained 0.87% following strong Q3 results and a stock buyback plan. Alphabet's stocks (GOOG and GOOGL) climbed over 5% with the integration of Gemini AI into its chatbot Bard. Tesla increased by 1.37% amid a leadership change in its Dojo supercomputer project.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 2:32 am

SGA

Saga Communications has declared a special cash dividend of $2.00 per share, payable on January 12, 2024, to shareholders of record as of December 20, 2023. The total payment for this dividend will amount to approximately $12.5 million.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:57 pm

VAC

Marriott Vacations Worldwide has announced an increase in its quarterly cash dividend from $0.72 to $0.76 per share, a rise of over 5%. The new dividend will be payable on January 4, 2024, to shareholders on record as of December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:51 pm

MBI

MBIA Inc. has declared an extraordinary cash dividend of $8.00 per share on its common stock, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:49 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) reported mixed Q4 results with earnings per share of $11.06, beating estimates by $0.08, but missed revenue expectations with $9.29 billion against an estimate of $9.41 billion. The company saw a year-over-year revenue growth of 8% to $35.8 billion. Cash reserves increased to $14.19 billion. Broadcom raised its quarterly dividend by 14% to $5.25 and provided FY24 revenue guidance of $50 billion, surpassing the $45.76 billion estimate. The stock fell 1.32% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

December 07, 2023 | 9:48 pm

CUBE

CubeSmart, a self-administered and self-managed real estate investment trust, has announced a 4.1% increase in its quarterly common dividend, raising it to $0.51 per share.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:46 pm