Streetbeat News

Dividends

EOG

EOG Resources Inc's Q3 FY23 results beat consensus estimates, with revenues of $6.2 billion and adjusted EPS of $3.44. The company raised its quarterly dividend by 10% to $0.91 and declared a special dividend of $1.50 per share. EOG also increased its 2024+ cash return commitment to a minimum of 70% of annual free cash flow. The company's shares are trading higher in premarket.

Portfolio Pulse from Lekha Gupta

November 03, 2023 | 11:46 am

LNT

Alliant Energy has issued its 2024 EPS guidance of $2.99-$3.13 and a common stock dividend target of $1.92.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:08 pm

KLG

WK Kellogg has announced its first dividend of $0.16 per share following its spin-off from Kellanova. The dividend will be payable on December 15, 2023, to shareholders of record at the close of business on December 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:45 pm

SNA

Snap-on Incorporated (NYSE:SNA) has announced a 14.8% increase in its quarterly common stock dividend from $1.62 to $1.86 per share, payable on December 11, 2023. This marks the 14th consecutive annual increase in the company's dividend, demonstrating its commitment to creating long-term value for shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:44 pm

HASI

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has adopted a tax benefits preservation plan to protect the value of its net operating losses (NOLs) and other tax attributes, which exceed $465 million as of December 31, 2022. The plan aims to prevent an 'ownership change' that could limit the company's ability to use its tax attributes. The board has declared a dividend of one right to purchase junior participating preferred stock for each outstanding share of HASI common stock, payable to holders of record as of November 21, 2023. The rights will expire on November 2, 2026.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:41 pm

MCHP

Microchip Technology Incorporated has announced a quarterly cash dividend of $0.439 per share, payable on December 6, 2023. This represents an increase from the previous dividend of $0.41 per share and marks the 85th consecutive quarter of dividend payments. The company's financial performance for Q3 2023 was in line with expectations, generating solid cash and progressing towards its capital return strategy.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:35 pm

AAPL

Apple Inc. reported Q4 results that exceeded estimates, with better-than-expected Services and iPad revenue. However, iPhone revenue was slightly below estimates. The company's year-over-year revenue decline continued for the fourth straight quarter. Apple returned over $25 billion to its shareholders and declared a cash dividend of 24 cents per share. The stock has gained 37.25% year-to-date, underperforming the 'Magnificent Seven', but outperforming the S&P 500 and the Nasdaq Composite indices.

Portfolio Pulse from Shanthi Rexaline

November 02, 2023 | 8:53 pm

COP

ConocoPhillips (NYSE: COP) reported Q3 FY23 adjusted EPS of $2.16, beating the consensus of $1.97, but revenues of $14.87 billion missed the consensus of $15.07 billion. The company announced a 14% increase in the quarterly ordinary dividend to $0.58 per share. The company expects Q4 production to be 1.86 to 1.90 MMBOED and reaffirmed FY23 production guidance of 1.80 to 1.81 MMBOED. COP shares are trading higher by 5.27% at $122.82.

Portfolio Pulse from Akanksha Bakshi

November 02, 2023 | 6:38 pm

HII

Huntington Ingalls Industries Inc (HII) reported a 7.2% YoY increase in Q3 FY23 sales and service revenue to $2.82 billion, beating the consensus of $2.71 billion. EPS was $3.70, beating the consensus of $3.41. Operating income improved by 31.3% YoY to $172 million. The company declared a quarterly cash dividend of $1.30 per share, a $0.06 increase over the previous dividend. HII shares are trading higher by 4.86% at $231.74.

Portfolio Pulse from Akanksha Bakshi

November 02, 2023 | 6:38 pm

CNQ

Canadian Natural Resources reported better-than-expected Q3 results and approved an 11% increase to its dividend, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:11 pm