Streetbeat News

Dividends

SIEGY

Siemens AG (SIEGY) reported Q4 FY23 revenue of €21.4 billion, a 4% Y/Y increase, and a 7% rise in Profit Industrial Business to €3.38 billion. EPS was €2.17, down from €3.39 Y/Y. The company experienced a loss in Siemens Energy Investment but proposed a dividend increase to €4.70/share. FY24 guidance includes 4-8% comparable revenue growth and EPS pre-PPA of €10.40 to €11.00, excluding Siemens Energy Investment. Shares closed up 1.32% at $75.15.

Portfolio Pulse from Lekha Gupta

November 16, 2023 | 10:57 am

YUMC

Yum China Holdings, Inc. has announced a share repurchase program where it plans to buy back shares worth $750 million in 2024. This is part of a larger commitment to return $3 billion to shareholders through dividends and share buybacks from 2024 to 2026.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:48 am

BORR

The Board of Borr Drilling Ltd plans to initiate a regular quarterly dividend, starting with $0.05 per share, pending approvals at a Special General Meeting scheduled for December 22, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 7:22 am

UVE

Universal Insurance Holdings, Inc. (NYSE:UVE) has declared a regular quarterly cash dividend of $0.16 and a special cash dividend of $0.13 per share, payable on December 15, 2023, to shareholders of record as of December 8, 2023. The total dividends declared in 2023 amount to $0.77 per share.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:34 pm

MATW

Matthews International has announced an increase in its quarterly dividend from $0.23 to $0.24 per share, indicating a positive outlook on the company's ability to generate cash flow and return value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:27 pm

WSBC

WesBanco has announced an increase in its quarterly dividend from $0.35 to $0.36 per share, indicating a positive outlook and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:18 pm

KLIC

Kulicke & Soffa Industries Inc. has increased its quarterly dividend from $0.19 to $0.20 per share, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:17 pm

A

Agilent Technologies has announced a 5% increase in its quarterly cash dividend, raising it from $0.2250 to $0.2360 per share. The dividend is scheduled to be paid on January 24, 2024, to shareholders on record as of January 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:04 pm

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) announced the retirement of Chairman, CEO, and President Richard J. Kramer in 2024 and the initiation of a search for his successor. The company also unveiled the 'Goodyear Forward' plan, targeting a $1 billion annual run-rate benefit by 2025 through cost reductions and portfolio optimization, including the potential sale of its Chemical business, Dunlop brand, and Off-the-Road tire business. The plan aims for $2 billion in gross proceeds and a doubling of segment operating margin to 10% by Q4 2025. Goodyear expects to reduce debt by $1.5 billion, net of restructuring costs. Elliott Investment Management, a major investor, expressed support for the initiatives. GT shares rose 2.86% to $14.05.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 6:59 pm

TGT

Target Corp (NYSE:TGT) reported Q3 FY23 sales of $25.398 billion, surpassing estimates, with a 4.22% Y/Y decline. Comparable sales fell 4.9%, but gross margin expanded to 27.4% due to lower costs and favorable category mix. Operating income rose 28.8% to $1.3 billion. Adjusted EPS of $2.10 beat estimates of $1.48. Inventory was down 14% Y/Y, and dividends paid increased to $507 million. The company forecasts Q4 adjusted EPS of $1.90 - $2.60, with expected mid-single-digit sales decline. TGT shares surged 18.3% to $131.11.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 3:21 pm