Streetbeat News

Dividends

CGNX

Cognex Corp reported a Q3 FY23 revenue decline of 6% to $197.24 million, beating the consensus of $192.3 million. The company's financial position remains strong with $846 million in cash and no debt. Cognex has entered the vision sensor and optical components markets, expanding its served market size by $1.5 billion. The company declared a quarterly cash dividend of $0.075 per share, a 7% increase from the prior quarter. However, the company expects Q4 revenues to be lower than consensus estimates.

Portfolio Pulse from Anusuya Lahiri

October 31, 2023 | 4:19 pm

MPC

MPLX

Marathon Petroleum Corp (MPC) reported Q3 FY23 revenue of $41.58 billion, beating the consensus of $40.02 billion. Adjusted EBITDA was $5.71 billion, and adjusted EPS was $8.14, above the consensus of $7.77. The company had $13.1 billion of cash and equivalents, and $5 billion available on its bank revolving credit facility. MPC raised the quarterly dividend by 10% and approved an additional $5 billion share repurchase authorization. MPLX LP (MPLX) raised distribution by 10%, with MPC expected to receive an incremental $200 million annually.

Portfolio Pulse from Lekha Gupta

October 31, 2023 | 3:03 pm

ALX

Alexander's (NYSE:ALX) has announced a quarterly dividend of $4.5 per share, which will be paid out to shareholders on November 17, 2023. The stock will go ex-dividend on Friday, meaning it will likely open $4.5 lower than usual. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:46 pm

AMP

Ameriprise Finl (NYSE:AMP) has announced a quarterly dividend of $1.35 per share. The ex-dividend date is Friday, meaning the stock will likely open $1.35 lower to reflect the payout. Shareholders owning AMP by the end of Thursday's session are eligible for the dividend, which will be paid out on November 17, 2023.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:45 pm

BRKR

Bruker (NASDAQ:BRKR) has announced a quarterly dividend of 20 cents per share, payable on November 17, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 20 cents lower. Shareholders who own BRKR as of the end of Thursday's session are eligible to receive the dividend.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:45 pm

CWT

California Water Servs Gr (NYSE:CWT) has announced a quarterly dividend of 26 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 17, 2023.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:45 pm

WABC

Westamerica Bancorp (NASDAQ:WABC) has announced a quarterly dividend of 44 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 44 cents lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on November 17, 2023.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:45 pm

FFWM

First Foundation (NYSE:FFWM) has announced a quarterly dividend of 1 cent per share. The stock will go ex-dividend on Friday, meaning it will likely open 1 cent lower. Shareholders who own FFWM as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 16, 2023.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:45 pm

MUSA

Murphy USA (NYSE:MUSA) has announced a quarterly dividend of 41 cents per share, payable on December 01, 2023. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:45 pm

X

United States Steel (NYSE:X) has announced a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own X as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on December 07, 2023.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:45 pm