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Dividends

RDFN

Redfin expects Q3 2023 revenue to be between $265M and $279M, representing a YoY decline of 13% to 9%. The company anticipates a net loss of $21M to $30M, an improvement from the $90M loss in Q3 2022. The guidance includes $25M in marketing expenses, $18M in stock-based compensation, and $17M in depreciation and amortization. Redfin also plans to pay a quarterly dividend of 30,640 shares of common stock to its preferred stockholder.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:33 pm

MCHP

Microchip Technology Incorporated has announced a quarterly cash dividend of 41.0 cents per share, payable on September 5, 2023. This represents an increase from the previous dividend of 30.1 cents per share, marking 84 consecutive quarters of dividend payments. The company's financial performance in Q2 2023 was in line with expectations, leading to solid cash generation and further debt reduction and share repurchases.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:31 pm

ETD

Telsey Advisory Group analyst Cristina Fernández has reiterated a Market Perform rating on Ethan Allen Interiors Inc. (NYSE:ETD), raising the price target to $33 from $28. Despite a challenging sales environment and a Q4 sales decline of 18.4%, the company managed to deliver a better operating margin of 16.3%. The company also announced a special dividend of $0.50 per share. The analyst projects a sales decline of 6.8% in FY24 to $737 million, but forecasts an operating margin of 14.8%.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 2:13 pm

TKR

The Timken Company (NYSE:TKR) shares fell by around 9% after it reported a Q2 FY23 earnings miss and reduced FY23 guidance. Revenue grew 10.3% Y/Y to $1.27 billion, missing the consensus of $1.29 billion. Adjusted EPS of $2.01 missed the consensus of $2.07. Timken returned $124.3 million to shareholders during the quarter, repurchasing around 1.3 million shares and increasing the quarterly dividend per share by 6% to $0.33. The company cut the FY23 adjusted EPS outlook to $6.90-$7.30 (from $7.00-$7.50 earlier) vs. consensus of $7.41 and revenue growth outlook to 8% (prior 9.5%) in total at the midpoint from 2022.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 2:13 pm

DINO

HF Sinclair Corp (NYSE:DINO) reported Q2 2023 revenues of $7.83 billion, beating the consensus of $7.38 billion. Adjusted EPS of $2.60 also beat the consensus of $2.27. However, adjusted EBITDA fell 53% Y/Y to $868.2 million. The company declared a dividend of $0.45 per share, payable on September 6, 2023. DINO shares are trading higher by 3.2% at $53.27.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 1:53 pm

PBI

Pitney Bowes Inc. (NYSE:PBI) reported a Q2 FY23 sales decline of 10.9% YoY to $776.48 million, missing the analyst consensus of $809.61 million. The company's adjusted EPS was a $(0.02) loss, beating the consensus of a $(0.04) loss. The company's performance was weighed down by cross-border weakness in the Global Ecommerce segment and decreasing equipment sales in SendTech Solutions. The company declared a quarterly cash dividend of $0.05 per share and expects full-year revenue to be on the lower end of previously provided guidance.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 1:48 pm

GHC

Graham Hldgs (NYSE:GHC) is set to distribute a dividend payout of $1.65 per share on August 03, 2023, equating to an annualized dividend yield of 1.14%. The company has shown a positive financial trend from 2019 to 2022, with an increase in both dividend per share and earnings per share. This suggests their capacity to continue distributing profits to shareholders.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:46 pm

TBNK

UNB

Union Bankshares (NASDAQ:UNB) is set to distribute a dividend payout of $0.36 per share, resulting in an annualized dividend yield of 6.52%. The company has shown a positive financial trend with an increase in both dividend per share and earnings per share from 2019 to 2022. Territorial Bancorp (NASDAQ:TBNK) is mentioned as having the highest annualized dividend yield at 8.24% among industry peers.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:45 pm

FUL

IFF

H.B. Fuller (NYSE:FUL) is set to distribute a dividend of $0.20 per share on August 03, 2023, with an annualized dividend yield of 1.20%. The company has shown a steady increase in its dividend per share from $0.64 to $0.74 between 2019 and 2022. Additionally, H.B. Fuller's earnings per share also grew from $2.98 to $4.06 during the same period. The company's peer, Intl Flavors & Fragrances (NYSE:IFF), has the highest annualized dividend yield at 3.93% in the industry.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:44 pm

NFBK

Northfield Bancorp (NASDAQ:NFBK) has announced a quarterly dividend of 13 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 13 cents lower to reflect the payout. Shareholders who own NFBK as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 23, 2023.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:43 pm