Streetbeat News

Dividends

PG

Procter & Gamble Co (NYSE:PG) reported better-than-expected earnings for its third quarter with a sales growth of 6.1% Y/Y to $21.87 billion, beating the consensus of $21.67 billion. The company has a dividend yield of 2.51%, which is a quarterly dividend amount of $0.94 a share ($3.76 a year). To earn $500 monthly from Procter & Gamble dividends, an investor would need to own approximately $239,148 worth of Procter & Gamble, or 6,000 shares.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 12:45 pm

CASS

Cass Information Systems has approved an increase in its quarterly dividend to $0.30 per share. The new dividend will be payable on December 15, 2023, to shareholders of record on December 5, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:42 pm

BX

Blackstone Inc's (BX) shares are down by 4% following the release of its Q3 FY23 results. The company reported segment revenues of $2.32 billion, a 10% Y/Y decrease, and below the consensus of $2.51 billion. Distributable earnings fell 12% Y/Y to $1.21 billion, and fee-related earnings fell by 5% Y/Y to $1.12 billion. The company declared a quarterly dividend per share of $0.80 and repurchased 1.3 million shares in Q3. Despite the challenging market, Blackstone managed to raise over $25 billion of capital.

Portfolio Pulse from Lekha Gupta

October 19, 2023 | 12:35 pm

WES

Western Midstream Partners' board has declared a quarterly cash distribution of $0.5750 per unit for Q3 2023, which is a 2.2% increase from Q2 2023 base distribution of $0.5625.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:14 am

MKTW

MarketWise has announced a special dividend of $0.15 per share to Class A common stock shareholders, totaling approximately $50 million. The dividend will be paid on December 1, 2023. The company also declared a regular dividend of $0.01 per share, totaling approximately $2.9 million, to be paid on January 25, 2024. As of June 30, 2023, the company had a cash balance of $187.0 million.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:04 am

MTX

Minerals Technologies (MTX) has announced an increase in its regular quarterly dividend from $0.05 to $0.10 per share, payable on December 7, 2023, to stockholders of record at the close of business on November 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 9:10 pm

BRO

Brown & Brown has increased its quarterly cash dividend rate by 13% from $0.1150 to $0.13 per share. The dividend will be payable on November 15, 2023, to shareholders of record on November 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 9:01 pm

COST

Costco Wholesale Corp (NASDAQ:COST) announced a CEO transition with Craig Jelinek stepping down at the end of the year. President and COO Ron Vachris will take over as president and CEO on Jan. 1, 2024. Jelinek will remain with Costco through April 2024 in an advisory role. The company also declared a quarterly cash dividend of $1.02 per share. Following the announcement, Costco shares were trading lower by 0.64%.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 8:48 pm

AWI

Armstrong World Industries, Inc. (NYSE:AWI) has announced a 10% increase in its quarterly cash dividend to $0.28 per share. The dividend will be paid on Nov. 16, 2023, to stockholders of record as of the close of business on Nov. 2, 2023. This marks the company's fifth consecutive annual dividend increase since the inception of its dividend program in 2018.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 8:38 pm

LBRT

Liberty Energy Inc. has announced an increase in its quarterly dividend from $0.05 to $0.07 per share.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:38 pm