Streetbeat News

Dividends

RWAY

Runway Growth Finance Corp. (NASDAQ:RWAY) has announced a Q3 2023 cash distribution of $0.40 per share, along with a supplemental dividend of $0.05 per share. The company intends to declare and pay a similar supplemental dividend for each subsequent fiscal quarter during 2023, subject to future approval by the Board of Directors. The key dates for the Q3 2023 dividend are: Declaration Date: August 1, 2023; Record Date: August 15, 2023; Payment Date: August 31, 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 10:30 am

STE

STERIS Corporation has announced an increase in its quarterly dividend from $0.47 to $0.52 per share.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:27 am

CAT

Caterpillar Inc's (NYSE:CAT) stock reached an all-time high of over $287 following a strong quarterly report. The company reported earnings of $5.55 per share, surpassing the $4.58 Street estimate, and revenues of $17.32 billion, beating the $16.49 billion consensus estimate. Caterpillar's backlog increased to $30.7 billion. The company, which currently has a 1.82% dividend yield, is attracting income investors with its dividends.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 10:18 am

SYY

Sysco Corporation reported Q4 FY23 sales growth of 4.1% to $19.728 billion, missing the consensus of $19.85 billion. Adjusted EPS was $1.34, beating the consensus of $1.33. The company's gross profit increased 7% Y/Y to $3.7 billion, and operating income rose 26.5% to $969.4 million. Sysco returned ~$370.9 million of capital to shareholders via share repurchases and dividends. However, SYY shares are trading lower by 0.34%.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 9:50 am

HWM

Howmet Aerospace Inc (NYSE:HWM) reported Q2 FY23 revenue growth of 18% YoY to $1.65 billion, beating the consensus of $1.61 billion. The revenue increase was driven by growth in the commercial aerospace market of 23%. Adjusted EPS improved to $0.44, beating the consensus of $0.43. The company also raised its FY23 outlook and intends to increase the quarterly dividend from $0.04 to $0.05 per share beginning 4Q23. Despite the positive report, HWM shares are trading lower by 4.7%.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 9:47 am

ALG

TRN

Alamo Group (NYSE:ALG) is set to pay a dividend of $0.22 per share on August 01, 2023, with an annualized dividend yield of 0.48%. The company has shown a steady increase in its dividend per share from $0.52 in 2020 to $0.72 in 2022. Additionally, Alamo Group's earnings per share have also grown from $5.97 to $7.80 during the same period. However, its dividend yield is lower compared to its industry peer, Trinity Industries (NYSE:TRN), which has an annualized dividend yield of 3.97%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:25 am

TRTN

Triton International Ltd (TRTN) reported Q2 FY23 total leasing revenue of $386.5 million, missing the consensus of $398.1 million. Adjusted EPS of $2.38 beat the consensus of $2.29. The company declared a quarterly cash dividend of $0.70 per common share. TRTN shares traded lower by 0.05% at $84.27.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 9:20 am

WMK

Weis Markets (NYSE:WMK) has announced a quarterly dividend of 34 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own WMK as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 21, 2023.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:18 am

X

United States Steel (NYSE:X) has announced a quarterly dividend of 5 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 5 cents lower to reflect the payout. Shareholders who own X as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 07, 2023.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:17 am

CBNK

Capital Bancorp (NASDAQ:CBNK) has announced a quarterly dividend of 8 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 8 cents lower to reflect the payout. Shareholders who own CBNK as of the end of Thursday'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 | 9:17 am