Streetbeat News

Dividends

CAR

Avis Budget Group, Inc. has announced a special cash dividend of $10.00 per share, payable on December 21, 2023, to shareholders of record as of December 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 11:02 pm

COKE

Coca-Cola Consolidated's Board has declared a special cash dividend of $16.00 per share, amounting to a total of $150 million. This dividend is in addition to the regular quarterly cash dividend and will be payable on February 9, 2024, to shareholders of record as of January 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:36 pm

PNM

PNM Resources has announced a 5.4% increase in its annual dividend payment, raising it to an indicated annual rate of $1.55 per share. The quarterly dividend of $0.3875 per share will be payable on February 16, 2024, to shareholders of record as of February 2, 2024. This increase aligns with the company's long-term earnings growth target of 5%.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:33 pm

RAND

Rand Capital Corporation (NASDAQ:RAND) announced a total Q4 cash dividend of $0.63 per share, which includes a regular quarterly dividend of $0.25 and a special dividend of $0.38. The total cash dividend for 2023 is $1.33 per share, a 60% increase over 2022. The dividends will be paid on December 29, 2023, to shareholders of record as of December 18, 2023. The increase is attributed to strong earnings momentum and a net gain from the sale of an investment. Rand's President and CEO, Daniel P. Penberthy, expressed confidence in the company's strategy and its ability to support future dividends.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:24 pm

HOFT

Hooker Furnishings Corporation (HOFT) has announced an increase in its quarterly cash dividend from $0.22 to $0.23 per share, marking the eighth consecutive annual dividend increase. The dividend is payable on December 29, 2023, to shareholders of record as of December 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:03 pm

DEO

Diageo, the British multinational beverage alcohol company, is reportedly looking to sell its beer portfolio, including the Guinness brand. The move is part of a strategic shift to focus on its more profitable spirits and liquor business. The company has not yet confirmed the news, but if true, it could lead to significant changes in its business structure and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:17 pm

AVB

CCI

FR

HPP

REG

RLJ

Analysts have recently upgraded REITs across various subsectors, indicating a positive outlook for the real estate market. First Industrial Realty Trust (FR) was upgraded by Mizuho with a new price target suggesting an 11% gain. Hudson Pacific Properties (HPP) was upgraded by Goldman Sachs to Neutral, surpassing its price target. Regency Centers Corp (REG) received an upgrade from Compass Point with a 10.5% potential gain. AvalonBay Communities (AVB) was upgraded by JPMorgan to Neutral with a 9.1% potential gain. RLJ Lodging Trust (RLJ) was upgraded by Oppenheimer to Outperform with a 17.9% potential gain. Crown Castle Inc. (CCI) saw a share price surge after Elliott Investment Management's call for changes, and was upgraded by Wells Fargo to Equal-Weight with a new price target.

Portfolio Pulse from Ethan Roberts

December 05, 2023 | 6:11 pm

PCAR

PACCAR Inc has declared an extra cash dividend of $3.20 per share, payable on January 4, 2024, to stockholders of record as of December 15, 2023. The company's strong performance in premium quality vehicles, aftermarket parts, financial services, and technology has enabled this shareholder return. Investments continue in new trucks, powertrain technologies, connected services, and advanced manufacturing and distribution.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:10 pm

SIG

Signet Jewelers Ltd (NYSE:SIG) shares rose by approximately 4% after reporting Q3 FY24 results with sales of $1.392 billion, slightly above analyst expectations. Same-store sales decreased by 11.8% Y/Y. The company saw a gross margin increase to 36.0% and adjusted EPS of $0.24, beating the $1.18 consensus. Signet declared a quarterly dividend of $0.23 per share and repurchased 1.8 million shares for $128.5 million. The company lowered its FY24 sales outlook but revised its adjusted EPS forecast slightly upwards. The stock was up 3.73% at $87.95.

Portfolio Pulse from Lekha Gupta

December 05, 2023 | 4:38 pm

CVS

CVS Health's stock is trading higher following the company's reaffirmation of its FY23 guidance, the issuance of FY24 guidance, and the announcement of a quarterly dividend increase to $0.665 per share, which is about a 10% hike.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:45 pm