Streetbeat News

Dividends

BMY

Bristol Myers Squibb has announced a 5.3% increase in its quarterly dividend, raising it from $0.57 to $0.60 per share, payable on February 1, 2024, to stockholders of record as of January 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:19 pm

HP

Helmerich & Payne's Board has declared a base cash dividend of $0.25 per share and a quarterly supplemental dividend of $0.17 per share.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:19 pm

BXMT

Muddy Waters Research, led by Carson Block, has taken a short position on Blackstone Mortgage Trust Inc (BXMT), predicting a significant dividend cut and potential liquidity crisis starting in 2024 due to $16 billion of interest rate swaps ending. Muddy Waters estimates losses could reach $2.5 to $4.5 billion, potentially wiping out BXMT's market cap. Blackstone Mortgage refuted the claims, citing a strong liquidity position. BXMT's stock dropped 6.09% following the announcement.

Portfolio Pulse from Adam Eckert

December 06, 2023 | 8:02 pm

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CCL

CPB

HOOD

LCID

MDB

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PM

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TLT

XLE

Stocks showed little movement while gold and Treasuries rose amid mixed sentiments due to weak ADP employment data. Investors are considering the implications for interest rates and corporate earnings. Oil prices fell, pressuring energy stocks like XLE. TLT gained on safe-haven demand. Citigroup announced a share buyback, boosting its stock, while Altria and Philip Morris were hit by British American Tobacco's brand devaluation. Lucid plans to lower prices, Campbell Soup reported strong earnings, and Carnival saw gains with travel optimism. Brown Forman and MongoDB fell on results, while SentinelOne and Robinhood rose.

Portfolio Pulse from Piero Cingari

December 06, 2023 | 7:04 pm

KVUE

Kenvue Inc. (NYSE:KVUE) stock closed at $20.80 after gaining 1.76% on Dec. 1. The stock has seen a 52-week range between $17.82 and $27.80, with a market cap of $39.8 billion. Kenvue offers a dividend yield of 1.98% and has declared a $0.20 dividend per share for Q4 2023. To earn $500 per month from dividends, an investment of approximately $303,030 is required, equating to 14,569 shares at the current stock price. The article explains how dividend yield is calculated and how it can change with stock price fluctuations.

Portfolio Pulse from Shankar Iyer

December 06, 2023 | 5:30 pm

BXMT

Muddy Waters Research has taken a short position on Blackstone Mortgage Trust (BXMT), citing concerns over interest rate swaps and risk rating manipulations. They predict a significant dividend cut by H2 2024, potential borrower refinancing issues, and a liquidity crisis that could lead to losses wiping out BXMT's market cap.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:25 pm

MA

Mastercard Inc (NYSE:MA) announced a 16% increase in its quarterly cash dividend to $0.66 per share and a new $11 billion share repurchase program, to commence after completing the current $9 billion program. As of December 1, 2023, $3.5 billion remains in the current buyback program. In Q3 FY23, Mastercard reported net revenues of $6.53 billion and adjusted EPS of $3.39, both surpassing consensus estimates. The company also repurchased $1.9 billion in shares and paid $538 million in dividends. MA shares saw a slight increase of 0.47% to $410.61.

Portfolio Pulse from Lekha Gupta

December 06, 2023 | 5:22 pm

DE

The Board of Directors of Deere & Company (NYSE:DE) has increased the quarterly dividend from $1.35 to $1.47 per share, payable on February 8, 2024, to shareholders of record as of December 29, 2023. This represents a 12 cents increase per share from the previous dividend rate.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:18 pm

CAR

Avis Budget Group Inc (NASDAQ:CAR) stock is on the rise after the company announced a special cash dividend of $10 per share, payable on December 21 to shareholders of record as of December 15. Additionally, Avis has bought back approximately 1.3 million shares in Q4 and plans to continue its share repurchase program, with around $820 million remaining. The stock was up 8.62% at $199.82 at the time of reporting.

Portfolio Pulse from Adam Eckert

December 06, 2023 | 4:15 pm

CAR

Avis Budget Group, Inc. has announced a special cash dividend, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:15 pm