Streetbeat News

Dividends

DPZ

Domino's Pizza Inc (NYSE:DPZ) reported a Q3 FY23 sales decline of 3.9% YoY to $1.03 billion, missing the analyst consensus of $1.05 billion. The decrease was primarily due to lower supply chain and U.S. Company-owned store revenues. Global retail sales increased 4.9%, excluding the positive impact of foreign currency. The company had a global net store decrease of 8 stores. EPS of $4.18 beat the analyst consensus estimate of $3.30. The company's Board of Directors declared a $1.21 per share quarterly dividend. In Q3, the company repurchased and retired 229,860 shares of common stock for a total of $90 million.

Portfolio Pulse from Shivani Kumaresan

October 12, 2023 | 12:13 pm

INFY

Infosys Ltd reported Q2 revenue growth of 3.6% YoY to $4.72 billion, beating the consensus of $4.61 billion. However, the operating margin declined by 30 bps to 21.2%. The company held $4.17 billion in cash and equivalents and clocked a free cash flow of $670 million. The Board announced an interim dividend of ₹18 per share, an increase of 9.1% over last year. Despite this, Infosys cut its FY24 revenue outlook, expecting growth of 1.0% - 2.5% in constant currency, down from the prior 1.0% - 3.5%.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 11:59 am

INFY

Infosys has declared an interim dividend of INR18 per share, marking a 9.1% increase from last year. The company's Q2 operating margin of 21.2% reflects the early benefits of its recently unveiled margin improvement plan.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:50 am

SUI

Sun Communities Inc (SUI) has divested approximately 10.25% interest in Ingenia Communities Group, selling about 41.8 million shares for a minimum net proceeds of $100 million. The company had extended its joint venture partnership with Ingenia in August 2023 for another seven years. SUI's Q3 2023 results are expected on October 25, 2023.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 10:04 am

MSM

MSC Industrial Supply has increased its quarterly cash dividend by 5% from $0.79 to $0.83 per share. The dividend will be payable on November 28, 2023, to shareholders of record at the close of business on November 14, 2023. The ex-dividend date is November 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:45 pm

PXD

XOM

Exxon Mobil Corporation (XOM) has announced plans to acquire Pioneer Natural Resources (PXD) for $64.5 billion, marking one of its largest acquisitions in company history. This is the biggest deal by Exxon Mobil since the merger of Exxon and Mobil in 1999. An investment of $1,000 in Exxon Mobil stock when the merger closed in 1999 would be worth $2,635.66 today, marking a hypothetical return of 163.6% over the last 24 years. When factoring in dividends, the return would be 458.8%.

Portfolio Pulse from Chris Katje

October 11, 2023 | 7:24 pm

BACHY

CSUAY

FXI

GGDVF

HKBF

HYSNY

PCCW

Despite the overall decline in Chinese stocks, six companies listed on US exchanges are currently offering dividends over 10%. These include Telco HKBN Ltd. (OTC:HKBF), China Shenhua Energy Company Limited (OTC:CSUAY), Guangdong Investment Limited (OTC:GGDVF), PCCW Limited (OTC:PCCW), Hysan Development Company Limited (OTC:HYSNY), and Bank of China Limited (OTC:BACHY). The iShares China Large Cap ETF (NYSE:FXI) is down 8% in 2023.

Portfolio Pulse from Daniel Harrison

October 11, 2023 | 4:57 pm

GUT

Gabelli Utility (NYSE:GUT) has announced a monthly dividend of 5 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own GUT as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 24, 2023.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:45 pm

GDV

Gabelli Dividend & Income (NYSE:GDV) announced it will pay shareholders a monthly dividend of 11 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 11 cents lower. Shareholders who own GDV as of the end of Friday's session are eligible to receive the dividend payout. The dividend will be paid out on October 24, 2023.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:45 pm

GLU

Gabelli Global Utility (GLU) has announced a monthly dividend of 10 cents per share, payable on October 24, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning GLU as of the end of Friday's session are eligible for the dividend.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:45 pm