Streetbeat News

Dividends

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

FERG

Ferguson PLC (NYSE:FERG) shares rose after reporting Q1 FY24 results with sales of $7.71 billion, surpassing the $7.65 billion consensus. Despite a 2.8% Y/Y sales decline due to lower residential sales, adjusted EPS of $2.65 beat the $2.62 consensus. The U.S. and Canada businesses saw organic revenue declines, and the company experienced a slight contraction in gross and adjusted operating margins. Ferguson declared a 5% increased quarterly dividend and repurchased $108 million in shares. The company reiterated its FY24 guidance, expecting flat net sales and an adjusted operating margin between 9.2% and 9.8%. FERG shares traded up 4.46% at $175.75.

Portfolio Pulse from Lekha Gupta

December 05, 2023 | 3:17 pm

JNJ

OGN

Johnson & Johnson (NYSE:JNJ) is distributing a dividend of $1.19 per share with an annualized yield of 3.12%. Shareholders as of November 20, 2023, are eligible. The company has shown a positive trend in dividend per share growth from $3.75 in 2019 to $4.45 in 2022, and earnings per share growth from $8.77 to $9.94 over the same period. This indicates a strong financial position and potential for future dividend increases. Organon (NYSE:OGN) has the highest annualized dividend yield in the industry at 9.47%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 3:05 pm

FNF

L

Loews Corporation (NYSE:L) has issued a dividend payout of $0.06 per share with an annualized yield of 0.38%. The ex-dividend date was November 21, 2023, and the dividend is payable on December 05, 2023. Loews has maintained a consistent dividend per share of $0.25 from 2019 to 2022, indicating a stable dividend policy. The company's earnings per share have grown from $3.05 in 2019 to $4.00 in 2022, suggesting a strong financial health and potential for future dividend increases. Loews's dividend yield is moderate compared to industry peers, with Fidelity National Financial (NYSE:FNF) having a higher yield at 4.22%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 3:05 pm

DLB

GEN

Dolby Laboratories (NYSE:DLB) is distributing a dividend of $0.30 per share today, with an annualized yield of 1.35%. The dividend trend from 2019 to 2022 has been positive, increasing from $0.79 to $1.02 per share. However, earnings per share have decreased from $3.20 in 2019 to $3.15 in 2022, raising concerns about future dividend sustainability. Gen Digital (NASDAQ:GEN) has the highest annualized dividend yield in the industry at 2.22%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 3:05 pm

XOM

Exxon Mobil Corp. (XOM) has a market cap exceeding $414 billion, with a 52-week price range of $98.02 to $120.07. The dividend for Q3 2023 was $0.91 per share, up from $0.88 in 2022. To earn $500 per month from Exxon dividends, an investment of approximately $165,290 is needed, assuming a dividend yield of 3.63%. The article emphasizes that dividend yields can change due to stock price fluctuations or dividend payment adjustments.

Portfolio Pulse from Shankar Iyer

December 05, 2023 | 2:55 pm

PFN

PIMCO Income Strategy (NYSE:PFN) will pay a monthly dividend of 7.18 cents per share, with the ex-dividend date set for Friday. Shareholders must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid on January 02, 2024. The stock is expected to open 7.18 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 2:45 pm

PCQ

PIMCO California (NYSE:PCQ) has announced a monthly dividend of 3.6 cents per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday and is expected to open 3.6 cents lower to reflect the payout. Shareholders owning PCQ by the end of Thursday will receive the dividend on January 02, 2024.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 2:45 pm