Streetbeat News

Dividends

TD

Toronto-Dominion Bank (TD) reported Q3 FY23 earnings of C$3 billion, down 8% YoY, and adjusted earnings of C$3.7 billion, down 2% YoY. Total revenue grew 17% YoY to C$12.78 billion. The bank also announced a dividend per share of C$0.96 and plans to launch a new normal course issuer bid to repurchase up to 90 million of its common shares. TD shares are trading lower by 1.98% at $60.31.

Portfolio Pulse from Akanksha Bakshi

August 24, 2023 | 1:57 pm

LRCX

Lam Research Corporation (NASDAQ:LRCX) has announced a 16% increase in its quarterly dividend, from $1.725 to $2.00 per share of common stock. The dividend payment will be made on October 4, 2023, to holders of record on September 13, 2023.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 1:16 pm

NVDA

NVIDIA Corporation (NASDAQ:NVDA) shares topped the $500 mark in pre-market trading after reporting better-than-expected Q2 results and strong Q3 revenue guidance. The company's Data Center revenue surged to a record, accounting for about two-thirds of the total. The board also approved an additional $25 billion in share repurchases. The article explains how to earn $500 per month from NVIDIA's dividends, requiring an investment of approximately $20,000,000.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 12:38 pm

GES

Guess? Inc's shares are trading higher by around 17% after it reported better-than-expected Q2 FY24 results and revised FY24 guidance. Net revenue rose 3% Y/Y to $664.5 million, beating the consensus of $640.5 million. Adjusted operating income rose 17% Y/Y to $65.0 million, with margins expanding to 9.8% from 8.7% a year ago. The Board of Directors approved a quarterly dividend per share of $0.30. For FY24, GES revised the outlook for revenue growth to 2.5%-4.0% and raised expectations for adjusted operating margin to 9.0%-9.4% and adjusted EPS to $2.88-$3.08.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 12:38 pm

DAO

NTES

NetEase, Inc reported Q2 FY23 revenue growth of 3.7% to $3.31 billion, missing the consensus of $3.46 billion. Games and related services revenues grew 3.6% to $2.59 billion. Youdao, Inc revenue climbed by 26.2% to $166.4 million. Cloud Music's revenues were $268.7 million, down by 11.1%. Innovative businesses and other revenue rose 9.9% to $283.7 million. NetEase held $13.7 billion in cash and equivalents and generated $1.1 billion in operating cash flow. The board approved a dividend of $0.5250 per ADS for Q2.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 12:14 pm

DTM

ETRN

KMI

The most accurate Wall Street analysts have recommended holding three high-dividend yield energy stocks: Kinder Morgan, Inc. (KMI), Equitrans Midstream Corporation (ETRN), and DT Midstream, Inc. (DTM). These stocks have dividend yields of 6.55%, 6.19%, and 5.31% respectively. Recent earnings reports for all three companies were either in-line or better than expected.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 12:03 pm

NTES

NetEase's board of directors has approved a Q2 2023 dividend of $0.5250 per ADS, up from $0.4650 per ADS in Q1 2023. The dividend will be payable to holders of ordinary shares and ADSs as of the close of business on September 8, 2023. The payment date is expected to be September 19, 2023 for holders of ordinary shares, and on or around September 22, 2023 for holders of ADSs.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:41 am

AFG

American Financial Group, Inc. (NYSE:AFG) has announced an increase in its regular annual dividend from $2.52 to $2.84 per share of common stock, a 12.7% increase. The new dividend will be paid on a quarterly basis of $0.71 per share starting from October 2023. The company has increased its dividend for the last eighteen years, with a ten-year compound annual growth rate of 12.4%.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:48 pm

DLX

Sunshine Research has released a short report on Deluxe Corporation (DLX US), highlighting the company's aggressive accounting practices and the likelihood of a dividend cut in the coming quarters. The report points out that despite attempts to diversify, Deluxe's check printing business, which is in structural decline, still accounts for over 50% of its profitability. The report also suggests that Deluxe's quality of earnings has deteriorated significantly in recent years, indicating growing business pressures. The report concludes that Deluxe may be forced to cut their dividend in the coming quarters due to declining cash generation and higher interest rates.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 3:08 pm

ATLO

CBAN

Colony Bankcorp (NASDAQ:CBAN) is distributing a dividend of $0.11 per share, resulting in an annualized dividend yield of 4.26%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $0.30 to $0.43. However, the company's earnings per share decreased from $1.40 to $1.37 during the same period. The company's dividend yield is mid-range compared to its industry peers, with Ames National (NASDAQ:ATLO) having the highest annualized dividend yield at 6.03%.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:05 pm