Streetbeat News

Dividends

AAPL

BRK

IPDP

KO

Warren Buffett's Berkshire Hathaway (NYSE:BRK) holds significant stakes in Apple Inc. (NASDAQ:AAPL) and The Coca-Cola Company (NYSE:KO), which together contribute over $1.6 billion in annual dividend income. Berkshire Hathaway's stake in Apple is worth more than $162 billion, providing nearly $900 million a year in dividends. Its Coca-Cola shares are worth over $21 billion, yielding $736 million in dividends. Other dividend contributors include Occidental Petroleum (NYSE:OXY), Chevron (NYSE:CVX), and Bank of America (NYSE:BAC), bringing the total annual dividend income to $4.31 billion. The article also mentions the option of investing in a dividend-focused fund like Innovative Portfolios' Dividend Performers ETF (BATS:IPDP).

Portfolio Pulse from Johnny Rice

October 20, 2023 | 9:55 am

MTDR

Matador Resources Company (NYSE:MTDR) has announced a 33% increase in its quarterly cash dividend from $0.15 to $0.20 per share, starting from Q4 2023. The company also declared a quarterly cash dividend of $0.20 per share payable on December 1, 2023. Additionally, Matador has amended its credit agreement, increasing the borrowing base from $2.25 billion to $2.5 billion, the maximum facility amount from $1.5 billion to $2.0 billion, and the elected commitment from $1.25 billion to $1.325 billion. JPMorgan Chase Bank has joined the bank group.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 8:25 pm

SRCE

1st Source Corporation has announced an increase in its dividend from $0.32 to $0.34.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:09 pm

FDBC

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) has announced a 6% increase in its quarterly dividend from $0.36 to $0.38 per share. This marks the ninth consecutive year of dividend increases for the company. The dividend will be payable on December 8, 2023, to shareholders of record as of November 17, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 7:57 pm

NDAQ

Nasdaq Inc (NASDAQ:NDAQ) reported strong Q3 earnings with a 6% Y/Y increase in revenue to $940 million, beating the consensus of $930.25 million. Adjusted EPS was $0.71 per share, up 4% Y/Y, beating the Street view of $0.68. Nasdaq declared a regular quarterly dividend per share of $0.22. Following the earnings announcement, several analysts increased their price targets on Nasdaq.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 6:42 pm

ZWS

Zurn Elkay Water Solutions Corporation (NYSE:ZWS) has announced a 14% increase in its quarterly common stock dividend from $0.07 to $0.08 per share. The dividend will be payable in cash on December 7, 2023 to stockholders of record as of November 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:45 pm

MTX

Minerals Technologies (MTX) shares are trading higher after the company reported an increase in its quarterly dividend and the initiation of a new share repurchase program. Sidoti & Co upgraded the stock from Neutral to Buy and announced a $64 price target.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:37 pm

LBRT

Liberty Energy reported a year-over-year increase in Q3 EPS results and better-than-expected Q3 sales results. The company also raised its quarterly dividend, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:57 pm

FITB

Fifth Third Bancorp (NASDAQ:FITB) reported Q3 2023 sales of $2.16 billion, beating the consensus of $2.15 billion. The adjusted EPS in Q3 was 92 cents, surpassing the analyst consensus of 82 cents. The provision for credit losses fell by 25% Y/Y to $119 million. The company also reported a 44% Y/Y increase in interest income to $2.54 billion, despite a 4% Y/Y decline in net interest income (NII) to $1.45 billion. The CET1 capital ratio was 9.8%, up from 9.14% in the year-ago period. The company also increased its quarterly cash dividend by 6% to 35 cents per share.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2023 | 3:52 pm

CCI

Crown Castle Inc's Q3 sales of $1.67 billion missed estimates of $1.71 billion. The company also reported a decrease in funds from operations per share year-over-year. Despite this, the company maintains its full year 2023 outlook. Crown Castle also announced a restructuring plan, the departure of CFO Dan Schlanger, and a quarterly cash dividend of $1.565 per share.

Portfolio Pulse from Adam Eckert

October 19, 2023 | 3:33 pm