Streetbeat News

Dividends

GPK

Graphic Packaging Holding Co (GPK) reported a Q3 FY23 revenue decrease of 4% Y/Y to $2.349 billion, missing the consensus of $2.469 billion. The company also cut its FY23 sales outlook due to inventory normalization and fluctuations in consumer purchasing behavior. Despite this, GPK's adjusted EBITDA rose 9% Y/Y to $482 million and adjusted EPS increased 10% Y/Y to $0.74, beating the consensus of $0.71. The company returned $39 million to stockholders in Q3 and closed the acquisition of Bell Incorporated.

Portfolio Pulse from Lekha Gupta

October 31, 2023 | 12:41 pm

PSMT

PriceSmart, Inc. (NASDAQ:PSMT) reported lower than expected earnings for Q4 2023, but sales exceeded estimates. The company's adjusted earnings were 65 cents per share, missing market estimates of 85 cents per share. Revenue was $1.118 billion, above expectations of $1.096 billion. The company's dividend yield is currently 1.28%, or $0.92 a year. To generate a monthly dividend income of $500, an investor would need to own approximately $467,432 worth of PriceSmart, or 6,522 shares. PriceSmart shares fell 0.7% to close at $71.67 on Monday.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 12:23 pm

NXRT

NexPoint Residential Trust (NXRT) has announced a 10.1% increase in its quarterly dividend per share, raising it to $0.46242.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:20 pm

MPC

Marathon Petroleum Corp has announced a quarterly dividend increase of approximately 10% to $0.825 per share. Additionally, the company has authorized an additional $5 billion share repurchase.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:00 pm

EGP

FR

WELL

Three high-dividend yield real estate stocks, Welltower Inc. (WELL), First Industrial Realty Trust, Inc. (FR), and EastGroup Properties, Inc. (EGP), have been recommended by Wall Street's most accurate analysts. WELL and EGP have received Overweight ratings, while FR has a Buy rating. All three companies have recently reported better-than-expected sales for Q3.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 10:57 am

BP

BP PLC's Q3 FY23 results missed consensus estimates, with sales and other operating revenues at $53.27 billion, below the expected $57.71 billion. Adjusted EBITDA declined to $10.31 billion from $17.41 billion a year ago. The company also reported a lower underlying RC profit per American Depositary Share (ADS) than expected. However, BP announced a dividend per share of 7.270 cents and completed $1.5 billion of share buybacks during the quarter. The company's shares are trading lower by around 4%.

Portfolio Pulse from Lekha Gupta

October 31, 2023 | 10:26 am

CGNX

Cognex Corporation (NASDAQ:CGNX) has announced a 7% increase in its quarterly cash dividend to $0.075 per share, payable on December 1, 2023. This represents an increase of $0.005 per share from the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:08 am

LXP

LXP has announced a 4% increase in its quarterly common share/unit dividend/distribution, raising it from $0.125 to $0.13.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:05 am

VFC

VF Corporation has announced a 70% cut in its quarterly dividend from $0.30 to $0.09 per share. The dividend will be payable on December 20, 2023, to shareholders of record at the close of business on December 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:37 pm

CVI

CVR Energy has announced a Q3 2023 cash dividend of 50 cents per share. Additionally, the company has declared a special dividend of $1.50 per share.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:14 pm