Streetbeat News

Dividends

EQNR

Equinor has declared an ordinary cash dividend of $0.30 per share and an extraordinary cash dividend of $0.60 per share for Q2. The payment date is set for 28 November 2023.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 5:23 am

WFC

Wells Fargo & Co (NYSE:WFC) shares are trading higher after the bank announced a 16.67% increase in its quarterly dividend to 35 cents per share and a new $30 billion stock repurchase program. The dividend will be payable on Sept. 1 to shareholders of record on Aug. 4. The bank's CEO, Charlie Scharf, stated that despite significant investments, the bank's capital levels remain strong, allowing for the return of excess capital to shareholders.

Portfolio Pulse from Adam Eckert

July 25, 2023 | 9:14 pm

WFC

Wells Fargo has announced a raise in its quarterly dividend and a $30 billion stock repurchase program, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:55 pm

WFC

Wells Fargo & Company (NYSE:WFC) has announced an increase in its quarterly common stock dividend from $0.30 to $0.35 per share, payable on Sept. 1, 2023. The company's board of directors has also authorized a new common stock repurchase program of up to $30 billion.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 8:47 pm

ET

Energy Transfer has announced an increase in its quarterly cash distribution from $0.3075 to $0.31.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:29 pm

DOW

Dow Inc reported a Q2 FY23 sales decline of 27.1% YoY to $11.42 billion, beating the consensus of $11.27 billion. Adjusted EPS was $0.75, above the consensus of $0.70. The company's return to shareholders totaled $743 million in the quarter, including $493 million in dividends and $250 million in share repurchases. DOW shares are trading higher by 2.45% at $53.84.

Portfolio Pulse from Akanksha Bakshi

July 25, 2023 | 5:11 pm

MCO

Moody's Corp reported Q2 FY23 sales growth of 8% YoY to $1.49 billion, beating the analyst consensus. Moody's Analytics revenue climbed 11% YoY and Moody's Investor Service grew 6%. The company also reported increased investor demand for high-quality credits and higher-than-expected investment grade activity. The company held $2.3 billion in cash and equivalents as of June 30, 2023, and had $7.2 billion of outstanding debt. Moody's raised its FY23 adjusted EPS outlook and revenue guidance.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 4:23 pm

CVS

DGX

Quest Diagnostics (NYSE:DGX) will distribute a dividend of $0.71 per share on July 25, 2023, with an annualized dividend yield of 2.15%. The company has shown a positive trend in both dividend per share and earnings per share from 2019 to 2022. CVS Health (NYSE:CVS) leads the industry with the highest annualized dividend yield at 3.19%.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:05 pm

INGR

LND

Ingredion (NYSE:INGR) will issue a dividend payout of $0.71 per share, resulting in an annualized dividend yield of 2.55%. The company has demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $2.51 to $2.72. Earnings per share also increased from $6.63 to $6.89 during the same period. When compared to its industry peers, Ingredion's dividend yield is in the middle, with Brasilagro - Cia Bras (NYSE:LND) having the highest annualized dividend yield at 18.54%.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:05 pm

DG

TGT

Dollar Gen (NYSE:DG) is set to distribute a dividend payout of $0.59 per share, resulting in an annualized dividend yield of 1.15%. The company has seen an upward trajectory in its dividend per share from $1.28 to $2.20 between 2019 and 2022, and an increase in earnings per share from $6.48 to $10.29. In comparison, Target (NYSE:TGT) has the highest annualized dividend yield at 3.21% among industry peers.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:05 pm