Streetbeat News

Dividends

LYB

LyondellBasell Industries (NYSE:LYB) reported Q2 FY23 revenues of $10.31 billion, down from $14.84 billion a year ago, missing the consensus of $10.40 billion. However, the adjusted EPS of $2.44 beat the consensus of $2.29. The company returned $508 million to shareholders through dividends and share repurchases. It expects weak demand in Q3 due to economic uncertainty and volatile feedstock costs.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 3:25 pm

BIG

FL

KSS

The most accurate Wall Street analysts recommend holding three high-dividend yielding consumer stocks: Big Lots, Inc. (BIG), Kohl's Corporation (KSS), and Foot Locker, Inc. (FL). BIG recently executed a $318 million sale and leaseback agreement, KSS reported better-than-expected Q1 results and reaffirmed its FY23 outlook, while FL reported worse-than-expected Q1 results.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:24 pm

IEP

IEP has declared a distribution of $1 per depository unit.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:16 pm

MGA

Magna International Inc (NYSE:MGA) reported Q2 FY23 sales growth of 17.3% YoY to $10.98 billion, beating the analyst consensus of $10.20 billion. The company's Board declared a Q2 dividend of $0.46 per share. Magna raised its FY23 sales outlook from $40.2 billion-$41.8 billion to $41.9 billion-$43.5 billion. MGA shares are trading higher by 1.49% at $64.00 in premarket on Friday.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 3:13 pm

AMR

The board of Alpha Metallurgical Resources has decided to cease its fixed dividend program following the next quarterly dividend. This decision may impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:10 pm

MCHP

Microchip Technology Inc's shares fell by around 6% after the company reported Q1 FY24 results. The company's adjusted EPS was $1.64, in line with consensus, and sales were $2.29 billion, up 16.6% Y/Y. Adjusted gross profit rose to $1.57 billion from $1.32 billion a year ago, and operating cash flow stood at $993.2 million. The company returned around $349.2 million to shareholders through dividends and repurchases. The company's Board of Directors raised the quarterly dividend per share by 36.2% Y/Y to $0.41. For Q2 FY24, the company expects net sales of $2.220 billion-$2.312 billion and adjusted EPS of $1.60-$1.64.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 2:57 pm

AAPL

Apple Inc. (NASDAQ: AAPL) reported Q3 earnings per share (EPS) of $1.26 on revenue of $81.8 billion, slightly ahead of analysts' estimates. The company's services sector showed strong growth, and the number of installed active devices reached a record high. However, revenues from iPhone and iPad were lower than expected. Apple returned over $24 billion to shareholders during the quarter and announced a common stock dividend of $0.24 per share. The company's stock fell 0.66% in after-hours trading.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 2:49 pm

CSL

Carlisle Companies Incorporated (NYSE:CSL) has announced a 13% increase in its regular quarterly dividend from $0.75 to $0.85 per share, or to $3.40 per share on an annualized basis. The dividend is payable on September 1, 2023. The company also approved a new share repurchase program authorizing management to buy back up to an additional 7.5 million shares of the company's common stock.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:41 pm

RMD

ResMed has announced a 9% increase in its dividend from $0.44 to $0.48 per share. The dividend will have a record date of August 17, 2023, and will be payable on September 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:36 pm

DOV

Dover's Board of Directors has increased its quarterly cash dividend to $0.51 per share, up from the previous $0.505 per share. This marks the 68th consecutive year that the company has increased its annual cash dividend.

Portfolio Pulse from Charles Gross

August 04, 2023 | 2:36 pm