Streetbeat News

Dividends

RSG

Republic Services has increased its quarterly dividend by 8% from $0.4950 to $0.535 per share. The dividend will be paid on October 13, 2023, to shareholders of record on October 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:55 pm

BKR

Baker Hughes has announced a 5.3% increase in its quarterly dividend from $0.19 to $0.20 per share. The dividend will be payable on August 18, 2023, to holders of record on August 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:23 pm

MTG

MGIC Investment Corporation has announced an increase in its dividend from $0.10 to $0.115.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 5:53 pm

MLM

Martin Marietta Materials, Inc. (NYSE:MLM) reported Q2 FY23 revenue growth of 10.9% YoY to $1.82 billion, missing the consensus of $1.83 billion. EPS was $5.60, beating the consensus of $4.85. The company returned $232.5 million to shareholders through dividends and share repurchases. However, aggregates shipments decreased by 5.7%. The company expects FY23 total revenues of $6.725 billion-$6.86 billion, up from the previous guidance.

Portfolio Pulse from Akanksha Bakshi

July 27, 2023 | 5:33 pm

NYCB

New York Community Bancorp, Inc. (NYSE:NYCB) reported Q2 net interest income of $900 million, beating the consensus of $779.64 million. Total revenues jumped by 218.8% Y/Y. Adjusted EPS of $0.47 beat the street view of $0.31. The company expanded its private banking business and declared a quarterly cash dividend of $0.17 per share. NYCB shares are trading higher by 6.6%.

Portfolio Pulse from Nabaparna Bhattacharya

July 27, 2023 | 4:50 pm

WABC

Westamerica Bancorporation (NASDAQ:WABC) has declared a quarterly cash dividend of $0.44 per share, payable on August 18, 2023. The company recently reported a net income of $40.2 million for Q2 2023.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 4:37 pm

MA

Mastercard Inc reported Q2 2023 net revenues of $6.27 billion, beating the consensus of $6.17 billion. The company saw growth in gross dollar volume, cross-border volume, and switched transactions. Adjusted EPS rose 13% Y/Y to $2.89, exceeding the consensus of $2.83. The company also repurchased shares worth $2.4 billion and paid $541 million in dividends. For 2023, the company reaffirmed the outlook for net revenue to grow in low-teens and adjusted operating expense to grow in the low-end of low-double-digits.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 3:46 pm

NGVC

VLGEA

Village Super Market (NASDAQ:VLGEA) is set to issue a dividend payout of $0.25 per share, resulting in an annualized dividend yield of 4.40%. The company has maintained a stable dividend per share of $1.00 from 2019 to 2022, and has shown an upward trend in earnings, with earnings per share rising from $1.39 to $2.66. Village Super Market's dividend yield is the highest among its industry peers, outshining Natural Grocers (NYSE:NGVC), which has an annualized dividend yield of 3.15%.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 3:06 pm

APOG

CSTE

Apogee Enterprises (NASDAQ:APOG) will issue a dividend payout of $0.24 per share, resulting in an annualized dividend yield of 2.20%. The company has shown a positive financial trend with an increase in both dividend per share and earnings per share from 2019 to 2022. Caesarstone (NASDAQ:CSTE) has the highest annualized dividend yield at 6.47% among its industry peers.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 3:06 pm

DALN

NYT

New York Times (NYSE:NYT) will distribute a dividend payout of $0.11 per share on July 27, 2023, equating to an annualized dividend yield of 1.11%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $0.20 to $0.36. Earnings per share also increased from $0.81 to $1.07 during the same period. The company's dividend yield is mid-range compared to its industry peers, with DallasNews (NASDAQ:DALN) having the highest annualized dividend yield at 14.75%.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 3:06 pm