Streetbeat News

Dividends

EAF

GrafTech International Ltd. (NYSE:EAF) reported a Q2 sales decline of 49% YoY to $185.56 million, beating the consensus of $179.54 million. The decline was attributed to lower sales volume due to the suspension of operations in Monterrey, Mexico, and industry-wide softness in demand for graphite electrodes. The company also reported an adjusted EPS loss of $(0.02), missing the consensus of $(0.01). GrafTech has suspended its quarterly cash dividend of $0.01 per share and reduced its 2023 sales volume outlook due to ongoing softness in the commercial environment. EAF shares are trading lower by 23.54% at $3.99.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 4:46 pm

ITW

The Board of Directors of ITW (Illinois Tool Works Inc.) has approved a dividend rate increase of $0.09 per share, raising the annual dividend from $5.24 to $5.6 per share.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 4:16 pm

ASIX

AdvanSix Inc (ASIX) reported a Q2 FY23 sales decline of 27% Y/Y to $427.94 million, beating the consensus of $418.67 million. The sales decline was due to lower volume, unfavorable market-based pricing, and lower raw material pass-through pricing. Adjusted EPS was $1.25, down from $2.30 a year ago, beating the consensus of $1.11. The company declared a quarterly cash dividend of $0.16 per share, up 10% Q/Q. ASIX shares are trading lower by 0.96% at $39.00.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 3:51 pm

NHI

National Health Investors (NYSE:NHI) will distribute a dividend payout of $0.90 per share on August 04, 2023, equating to an annualized dividend yield of 7.27%. However, the company has seen a decrease in its dividend per share from $4.20 in 2019 to $3.60 in 2022, and a decrease in earnings per share from $5.44 to $4.48 over the same period. This suggests potential financial difficulties that could impact future dividend distributions.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:45 pm

EMR

NVT

nVent Electric (NYSE:NVT) is distributing a dividend payout of $0.17 per share, with an annualized dividend yield of 1.70%. The company has maintained a consistent dividend per share of $0.70 from 2019 to 2022, indicating a stable dividend policy. nVent Electric's earnings have increased from $1.77 per share to $2.23 per share from 2019 to 2022, suggesting potential for increased cash dividend payout. Emerson Electric (NYSE:EMR) has the highest annualized dividend yield at 2.17% among industry peers.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:45 pm

JCI

OC

Owens-Corning (NYSE:OC) will distribute a dividend payout of $0.52 per share on August 04, 2023, equating to an annualized dividend yield of 1.71%. The company has shown a notable growth in its dividend per share from $0.90 to $1.57 between 2019 and 2022. Additionally, its earnings per share have increased from $4.86 to $12.44 during the same period. The company's dividend yield is in the middle when compared to its industry peers, with Johnson Controls Intl (NYSE:JCI) having the highest annualized dividend yield at 2.39%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:44 pm

AROC

USAC

USA Compression Partners (USAC) is distributing a dividend of $0.53 per share, translating to an annualized dividend yield of 10.24%. The company has maintained a steady dividend per share of $2.10 from 2019 to 2022. However, its earnings per share decreased from $0.02 to $-0.24 during the same period, which may impact its ability to sustain or increase its cash dividend payouts. USAC leads in terms of dividend yield compared to its industry peers, with Archrock (AROC) having the highest annualized dividend yield at 4.86%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:44 pm

AESI

Atlas Energy Solutions (NYSE:AESI) announced it will pay a quarterly dividend of 15 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 15 cents lower. Shareholders who own AESI as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 17, 2023.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:41 pm

FANG

Diamondback Energy (NASDAQ:FANG) announced a quarterly dividend of 84 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 84 cents lower. Shareholders who own FANG as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 17, 2023.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:41 pm

WRK

WestRock (NYSE:WRK) has announced a quarterly dividend of 27.5 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 27.5 cents lower. Shareholders who own WRK as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 24, 2023.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:41 pm