Streetbeat News

Dividends

HESM

Hess Midstream (NYSE:HESM) announced it will pay shareholders a quarterly dividend of 60.11 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on August 14, 2023.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:45 pm

XOM

Exxon Mobil Corp (NYSE:XOM) reported Q2 2023 revenues of $82.91 billion, beating the consensus of $80.19 billion. However, Q2 adjusted earnings were lower than a year ago due to lower natural gas realizations and industry refining margins. The company also announced a dividend per share of $0.91 for Q3 and bought back shares worth $4.3 billion in the quarter. XOM shares are trading lower by 0.16% at $105.25 premarket.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 12:54 pm

HPQ

STX

XRX

The most accurate Wall Street analysts have recommended selling three high-dividend yielding tech stocks: Seagate Technology Holdings (STX), HP Inc. (HPQ), and Xerox Holdings Corporation (XRX). The analysts have downgraded or maintained negative ratings for these stocks, despite their high dividend yields and recent financial results.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 12:39 pm

CVX

PDCE

Chevron Corp reported Q2 FY23 total revenues of $48.896 billion, beating the consensus of $48.80 billion. However, sales and other operating revenues fell to $47.2 billion from $65.4 billion a year ago, mainly due to lower commodity prices. Adjusted net earnings were $5.78 billion, with Adjusted EPS being $3.08, missing the consensus of $3.28. The company declared a quarterly dividend of $1.51 per share. Chevron also held cash and equivalents of $9.6 billion as of June 30, 2023.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 12:08 pm

PG

Procter & Gamble Co (NYSE:PG) reported Q4 FY23 sales growth of 5% YoY to $20.55 billion, beating the analyst consensus. Organic sales increased 8%, driven by higher pricing and a favorable product mix. The company returned over $16 billion of value to shareholders in fiscal 2023 via dividends and share repurchases. For FY24, P&G expects organic sales growth of 4%-5% and EPS of $6.25-$6.43.

Portfolio Pulse from Shivani Kumaresan

July 28, 2023 | 11:40 am

CLX

Clorox has announced an increase in its quarterly dividend from $1.18 to $1.20 per share, payable on August 25, 2023, to shareholders of record as of the close of business on August 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:27 am

SWK

Stanley Black & Decker (NYSE:SWK) has announced a $0.01 increase in its quarterly cash dividend to $0.81 per share. The dividend will be payable on September 19, 2023, to shareholders of record as of September 5, 2023.

Portfolio Pulse from Charles Gross

July 27, 2023 | 9:48 pm

VOYA

Voya Financial's board has decided to double its common stock dividend to $0.40 per share, payable on September 27, 2023, to shareholders of record as of August 28, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:18 pm

BCC

Boise Cascade Company's Board of Directors has declared a quarterly dividend of $0.20 per share, an increase of 33% from the previous $0.15 per share. The dividend will be paid on September 15, 2023 to stockholders of record on September 1, 2023. Future dividends will depend on various factors including the company's future operations and earnings, general financial condition, and legal capital requirements among others.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:18 pm

X

United States Steel Corporation (NYSE:X) reported mixed Q2 results with earnings per share of $1.92, beating the analyst consensus estimate of $1.80, but a 50.26% decrease from last year. Quarterly sales were $5.01 billion, missing the analyst consensus estimate of $5.11 billion, a 20.38% decrease from last year. Total steel shipments for Q2 were down 5.2% year-over-year. The company returned $86 million to stockholders through buybacks and dividends in the second quarter.

Portfolio Pulse from Ryan Gustafson

July 27, 2023 | 9:01 pm