Streetbeat News

Dividends

X

United States Steel Corp (NYSE:X) reported Q3 FY23 revenues of $4.43 billion, beating the consensus of $4.39 billion. Despite a decline in average realized prices for its products, total steel shipments rose. Adjusted EBITDA and EPS also surpassed expectations. The company declared a dividend per share of $0.05. X shares are trading higher by 1.29% at $32.99 premarket on the last check Friday.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 12:29 pm

CVX

HES

Chevron Corp (CVX) reported Q3 FY23 total revenues of $54.1 billion, beating consensus but with sales falling to $51.9 billion from $63.5 billion a year ago due to lower commodity prices. Adjusted net earnings were $5.72 billion, missing the consensus. Lower upstream realizations and decreased margins on refined product sales negatively impacted earnings. The company declared a quarterly dividend per share of $1.51. CVX repurchased shares of $3.4 billion and paid dividends of $2.9 billion. CVX also recently acquired Hess Corp (HES) for $53 billion.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 11:50 am

LECO

Lincoln Electric has announced an 11% increase in its quarterly cash dividend, raising it from $0.64 per share to $0.71 per share. The dividend will be payable on January 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 11:42 am

ABBV

AbbVie has announced a 4.7% increase in its 2024 dividend from $1.48 to $1.55, effective from February 2024.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 11:42 am

ERIC

GLW

TXN

The most accurate Wall Street analysts have recommended holding three high-yielding tech stocks: Telefonaktiebolaget LM Ericsson (ERIC), Corning Incorporated (GLW), and Texas Instruments Incorporated (TXN). These companies have dividend yields of 5.69%, 4.16%, and 3.61% respectively. However, all three companies have recently reported sales declines.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 11:40 am

BCC

Boise Cascade (NYSE:BCC), an engineered wood products company, has declared a quarterly dividend of $0.20 per share and a special dividend of $5.00 per share. The dividends will be paid on December 15, 2023, to stockholders of record on December 1, 2023. The company held $1.1 billion in cash and equivalents as of June 30, 2023. BCC shares closed higher by 1.33% at $90.81 on Thursday.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 11:30 am

KTB

Kontoor Brands has announced a 4% increase in its quarterly dividend from $0.48 to $0.50 per share. The dividend will be payable on December 18, 2023, to shareholders of record at the close of business on December 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:54 am

GRC

The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.18 per share, payable on December 8, 2023. This represents a 2.9% increase over the previous quarter's dividend of $0.175 per share.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:42 am

XOM

ExxonMobil has announced an increase in its Q4 dividend from $0.91 to $0.95 per share.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:36 am

FTS

Fortis Inc. expects its long-term growth in rate base to drive earnings that support dividend growth guidance of 4%-6% annually through 2028.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:22 am