Streetbeat News

Dividends

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

CVBF

FIBK

CVB Financial (NASDAQ:CVBF) has announced a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 4.76%. The company has shown a steady increase in dividend per share from $0.72 in 2019 to $0.77 in 2022, and an upward trend in earnings per share from $1.43 to $1.54 over the same period. First Interstate BancSys (NASDAQ:FIBK) leads the industry with the highest annualized dividend yield at 7.96%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:05 pm

KRO

TSE

Trinseo (NYSE:TSE) has announced a dividend payout of $0.01 per share, demonstrating an annualized dividend yield of 0.45%. The company's dividend per share and earnings per share have been declining from 2019 to 2022, which could indicate a challenging financial situation. Trinseo's dividend yield is mid-range compared to its industry peers, with Kronos Worldwide (NYSE:KRO) having the highest annualized dividend yield at 10.64%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:05 pm

TSX:AGF

AGF Management (TSX:AGF) has announced a dividend payout of $0.11 per share, resulting in an annualized dividend yield of 6.03%. The company has shown a steady increase in its dividend per share from $0.32 to $0.40 between 2020 and 2022, and its earnings per share have also risen from $0.63 to $0.83 in the same period. This reflects a strong financial position and the company's commitment to consistently distribute profits to its investors.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:05 pm

FISI

FLIC

First of Long Island (NASDAQ:FLIC) is distributing a dividend of $0.21 per share, leading to an annualized dividend yield of 7.30%. The company's dividend per share and earnings per share have shown a positive trend from 2019 to 2022, indicating a healthy financial status. The company's dividend yield is in the middle when compared to its industry peers, with Financial Institutions (NASDAQ:FISI) having the highest annualized dividend yield at 7.38%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:05 pm

IMKTA

VLGEA

Ingles Markets (NASDAQ:IMKTA) will distribute a dividend payout of $0.17 per share, translating to an annualized dividend yield of 0.88%. The company has maintained a steady dividend per share of $0.66 from 2019 to 2022, indicating its commitment to providing stability to shareholders. The earnings per share have increased from $4.03 in 2019 to $14.35 in 2022, suggesting potential for higher cash dividend payouts in the future.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:05 pm

MTX

Minerals Technologies Inc (NYSE:MTX) has doubled its regular quarterly dividend to $0.10 per share and authorized a new, one-year $75 million share repurchase program. The dividend is payable on December 7, 2023, to stockholders of record at the close of business on November 1, 2023. The company's shares traded higher by 6.30% at $53.30 on the last check Thursday.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 2:54 pm

LOW

Lowe's Companies (NYSE:LOW) has announced a quarterly dividend of $1.1 per share. The stock will go ex-dividend on Tuesday, 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 08, 2023.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:45 pm