Streetbeat News

Dividends

Pathward Financial

Pathward Financial has announced the authorization of a common stock share repurchase program of up to 7 million shares. Additionally, the company has declared a $0.05 cash dividend for Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 1:05 pm

CFG

CMA

KEY

Wall Street's most accurate analysts recommend three financial stocks with over 6% dividend yields: Comerica Incorporated (CMA), Citizens Financial Group, Inc. (CFG), and KeyCorp (KEY). CMA and KEY have recently had their ratings lowered by S&P, while CFG reported a slight miss on its Q2 FY23 sales growth.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 12:42 pm

INTU

Intuit Inc. (NASDAQ:INTU) reported better-than-expected earnings and sales results for its second quarter, leading to a rise in its share price. The company also provided a positive outlook for full-year 2024. Following the earnings report, Piper Sandler and Keybanc raised their price targets for Intuit. The company's shares have risen more than 21% over the past six months, and its current dividend yield stands at 0.64%.

Portfolio Pulse from Priya Nigam

August 25, 2023 | 12:40 pm

HEI

Hawaiian Electric Industries (HEI) has announced plans to suspend its quarterly cash dividend on common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:40 pm

CATO

Cato Corporation (NYSE:CATO) has declared a regular quarterly dividend of $0.17 per share, payable on September 25, 2023, to shareholders of record on September 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 11:24 am

ORI

Old Republic International Corporation has declared a regular quarterly cash dividend of 24.5 cents per common share, payable on September 15, 2023, to shareholders of record on September 5, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 11:07 am

DOCN

DOMO

DWAC

IDEX

MRVL

OLPX

PAGS

Several stocks are recording losses in today's pre-market trading session. Domo shares tumbled 25.5% after issuing FY24 guidance below estimates. Hawaiian Electric shares dipped 22% as it plans to suspend quarterly cash dividend on common stock from Q3 2023. Ideanomics shares declined 19.5% following a 1-for-125 reverse stock split. PagSeguro Digital fell 6.9% after weaker-than-expected Q2 results. DigitalOcean shares fell 6% as it initiated a CEO search process. Digital World declined 5.1% after receiving a notification from Nasdaq related to delayed quarterly report. Olaplex fell 4.6% after Piper Sandler downgraded it from Neutral to Underweight. Marvell Technology fell 4.4% despite posting upbeat Q2 earnings and issuing Q3 2024 revenue guidance of $1.4 billion.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 10:20 am

Hawaiian Electric Industries (HEI) has announced plans to suspend its quarterly cash dividend on common stock, starting from Q3 of 2023, according to a recent filing. However, the company is still obligated to pay the previously declared cash dividend of $0.36 per share on September 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:22 pm

AAPL

MSFT

Microsoft Corp (NASDAQ:MSFT) was a popular choice for hedge funds in Q2, with 10 out of 20 funds analyzed by Benzinga having MSFT in their top-5 holdings. The company's shares rose by nearly 60%, reaching highs of $366.78, largely due to its investments in AI and a significant stake in OpenAI. The 10 hedge funds that owned the stock over the quarter were collectively paid nearly $22 million in dividends. Institutional investors control 72.46% of Microsoft’s outstanding shares.

Portfolio Pulse from AJ Fabino

August 24, 2023 | 9:11 pm

CCBG

Capital City Bank Group, Inc. (NASDAQ:CCBG) has increased its quarterly cash dividend from $0.18 to $0.20 per share, representing an 11.1% increase. The dividend is payable on September 25, 2023 to shareholders of record as of September 11, 2023. The annualized dividend yield is 2.66% based on a closing stock price of $30.06 on August 23, 2023.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:42 pm