Streetbeat News

Dividends

ERF

Enerplus Corporation has announced an increase in its quarterly dividend from $0.555 to $0.06.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 9:08 pm

BERY

Berry Global Group, Inc. (NYSE:BERY) reported a Q3 FY23 sales decline of 13.3% YoY to $3.23 billion, missing the consensus of $3.42 billion. The decline is attributed to decreased selling prices and a 7% volume decline due to softer demand. Operating income fell 20.5% YoY to $267 million. Adjusted EPS of $1.90 missed the analyst consensus of $1.98. The company plans to repurchase nearly 3 million shares in the fourth fiscal quarter and anticipates returning at least $700 million of capital to shareholders through share repurchases and dividends.

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2023 | 5:38 pm

REYN

Reynolds Consumer Products Inc (NASDAQ:REYN) reported Q2 FY23 sales growth of 3% YoY to $940 million, beating the analyst consensus. Adjusted EPS of $0.32 beat the analyst consensus of $0.28. The company's Board of Directors approved a quarterly dividend of $0.23 per share. The company revised the FY23 EPS outlook from $1.30 - $1.41 to $1.34 - $1.41. REYN shares are trading higher by 4.23% at $28.97.

Portfolio Pulse from Shivani Kumaresan

August 09, 2023 | 5:24 pm

JACK

Jack In The Box Inc (NASDAQ:JACK) reported Q2 2023 sales of $396.9 million, beating the analyst consensus estimate of $393.89 million. The company's same-store sales increased 7.9% in the quarter. Del Taco Systemwide sales increased 1.6%. The company declared a cash dividend of $0.44 per share. It plans to refranchise 90-120 Del Taco restaurants in FY 2023, up from previous guidance of 65-85 restaurants. The company also plans to execute at least $80 million in share repurchases in FY23. JACK shares are trading lower by 3.90% at $90.05.

Portfolio Pulse from Shivani Kumaresan

August 09, 2023 | 4:57 pm

K

Kellogg Co has disclosed its plans to separate into two public companies, Kellanova and WK Kellogg Co, by Q4 FY23. Kellanova is expected to deliver sales of $13.4 billion-$13.6 billion, adjusted-basis EBITDA of about $2.25 billion-$2.3 billion, and adjusted EPS of $3.55-$3.65 in 2024. WK Kellogg Co is expected to generate net sales of around $2.7 billion and adjusted-basis EBITDA of about $255 million-$265 million in 2024, with a cash dividend payout ratio of about 45%.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 4:35 pm

VST

Vistra Corp (NYSE:VST) reported Q2 FY23 sales of $3.19 billion, more than double from the prior year. The company also reported net income from ongoing operations of $409 million, a significant improvement from a loss of $(1.30) billion. Vistra has also bought back around $2.9 billion of its shares and declared a Q3 dividend per share of $0.2060. The company has also raised its adjusted EBITDA midpoint opportunities outlook for 2024 and 2025. VST shares are trading higher by 5.55% at $30.42.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 4:15 pm

LOW

Lowe's Companies (NYSE:LOW) has announced a dividend payout of $1.10 per share, with an annualized dividend yield of 2.19%. The company has shown a steady increase in its dividend per share from $2.13 in 2019 to $3.95 in 2022, and its earnings per share have also increased from $5.58 in 2019 to $13.23 in 2022. This suggests that Lowe's is in good financial health and may continue to distribute profits to its investors.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:05 pm

MA

Mastercard (NYSE:MA) is set to reward its shareholders with a dividend payout of $0.57 per share at the end of August 2023, demonstrating an annualized dividend yield of 0.60%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.39 to $2.04. Additionally, Mastercard's earnings per share increased from $7.37 in 2019 to $10.35 in 2022.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:05 pm

AM

TRMD

Antero Midstream (NYSE:AM) is set to pay a dividend of $0.23 per share at the end of August 2023, yielding an annualized dividend of 7.69%. However, the company has seen a decrease in its dividend per share from $1.39 in 2019 to $0.90 in 2022, and a decrease in earnings per share from $1.49 in 2019 to $0.79 in 2022. This could indicate financial challenges and potential limitations in future dividend payouts. TORM (NASDAQ:TRMD) is mentioned as having the highest annualized dividend yield in the industry at 22.58%.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:05 pm

SIGI

Selective Insurance Gr (NASDAQ:SIGI) announced it will pay a quarterly dividend of 30 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 30 cents lower to reflect the payout. Shareholders owning SIGI as of the end of Friday's session are eligible for the dividend, which will be paid out on September 01, 2023.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 2:45 pm