Streetbeat News

Dividends

VFL

Delaware Inv Natl Muni (AMEX:VFL) has announced a monthly dividend of 3.25 cents per share, payable on October 31, 2023. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Monday. The stock will likely open 3.25 cents lower on Monday to reflect the payout.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 2:45 pm

CRS

Carpenter Tech (NYSE:CRS) has announced a quarterly dividend of 20 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 20 cents lower. Shareholders who own CRS as of the end of Friday's session are eligible to receive the dividend, which will be paid out on December 07, 2023.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 2:45 pm

AFT

Apollo Senior Floating (NYSE:AFT) has announced a monthly dividend of 13.5 cents per share. The stock will go ex-dividend on Monday, 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 October 31, 2023.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 2:45 pm

AIF

Apollo Tactical Income (NYSE:AIF) has announced a monthly dividend of 12.5 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own AIF as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 2:45 pm

BEPC

ENIC

GNE

HE

PAM

Benzinga Insights has identified five value stocks in the utilities sector that may be worth watching: Enel Chile (ENIC), Pampa Energia (PAM), Genie Energy (GNE), Brookfield Renewable (BEPC), and Hawaiian Electric Indus (HE). The selection is based on the price-to-earnings (P/E) multiple, a common indicator of undervalued stocks. The companies' recent earnings per share and dividend yields were also reported.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 2:38 pm

NDAQ

Nasdaq Inc's shares rose by 4% following the release of its Q3 FY23 results. The company reported 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, surpassing the Street view of $0.68. The company declared a regular quarterly dividend per share of $0.22. Nasdaq also had $2.0 billion worth of shares remaining under the authorized repurchase program. The company updated its 2023 non-GAAP operating expense guidance to $1.785 billion-$1.805 billion.

Portfolio Pulse from Lekha Gupta

October 18, 2023 | 2:17 pm

SCL

Stepan Company (NYSE:SCL) reported a Q3 FY23 sales decrease of 22% YoY, missing analyst consensus. Adjusted EPS also missed analyst consensus. Sales from Surfactants, Polymers, and Specialty Products fell significantly. The company attributes the lower selling prices to lower raw material costs, less favorable product/customer mix, and competitive pressures. The company also announced a 2.7% increase in its quarterly cash dividend. Despite the disappointing results, SCL shares are trading higher.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 2:03 pm

PAG

Penske Automotive Group, Inc. (NYSE:PAG) has announced a 9.7% increase in its quarterly dividend from $0.72 to $0.79 per share. The dividend will be payable on December 1, 2023, to shareholders of record as of November 10, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:09 pm

TRV

Travelers Companies Inc (NYSE:TRV) reported Q3 2023 revenues of $10.64 billion, up 14% Y/Y, beating the consensus of $10.33 billion. However, core income declined 14% Y/Y to $454 million due to higher catastrophe losses. Core EPS of $1.95, down 11% Y/Y, missed the consensus of $2.99. The company repurchased 0.6 million shares for $101 million and declared a dividend of $1.00 per share.

Portfolio Pulse from Lekha Gupta

October 18, 2023 | 1:04 pm

PG

Procter & Gamble Co (NYSE:PG) reported Q1 FY24 sales growth of 6.1% YoY to $21.87 billion, beating the consensus of $21.67 billion. Organic sales increased 7%, driven by higher pricing and favorable product mix. Adjusted EPS of $1.83 beat the consensus of $1.71. The company returned $3.8 billion of cash to shareholders via dividend payments and stock repurchases. P&G now sees all-in sales growth of 2%-4% and maintains FY24 organic sales growth expectation of 4%-5%. The company expects to pay over $9 billion in dividends and repurchase $5 billion-$6 billion of common shares in fiscal 2024.

Portfolio Pulse from Akanksha Bakshi

October 18, 2023 | 12:37 pm