Streetbeat News

Dividends

MNSO

MINISO Group has announced the approval and adoption of a dividend policy, which will be effective from July 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:49 am

SHEL

Shell has announced a 15% increase in its quarterly dividend to $0.331 per share, and $0.662 per ADS for the second quarter of 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:37 am

SHEL

Shell has announced a $3 billion share buyback program to be completed by Q3 2023. This follows strong operational performance and cash flows in Q2, despite a lower commodity price environment. The company also plans to increase dividends by 15% and continue prioritizing share buybacks.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:34 am

CTBI

Community Trust Bancorp has announced a 4.5% increase in its quarterly dividend to $0.46 per share.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 9:18 pm

STE

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

Portfolio Pulse from Bill Haddad

July 26, 2023 | 9:12 pm

KWR

Quaker Houghton has announced a 5% increase in its quarterly dividend to $0.455 per share.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 9:10 pm

RCI

Rogers Communications Inc (NYSE:RCI) reported a 30% Y/Y increase in Q2 FY23 revenue to C$5.05 billion. The company also saw a 32% Y/Y growth in total service revenue to C$4.53 billion, largely due to higher revenue growth in the Cable and Wireless businesses. Adjusted EBITDA increased 38% Y/Y to C$2.19 billion. The company declared a quarterly dividend of C$0.50 on each of its outstanding Class B Non-Voting shares and Class A Voting shares. RCI revised its FY23 outlook for adjusted EBITDA growth to 33%-36% and free cash flow to C$2.20 billion-C$2.50 billion.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 4:44 pm

CPG

Crescent Point Energy Corp (NYSE:CPG) reported a year-on-year decrease in Q2 2023 adjusted EPS due to lower oil and gas sales. Despite a 26% decline in sales and a 28% drop in royalties, the company maintained its 2023 guidance. The company also reported a 13% decrease in operating cash flow. However, average production rose and the company generated an excess cash flow of C$277.8 million in Q2 2023. The company reiterated its 2023 guidance and announced share repurchases and dividends.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 4:21 pm

A

DHR

Agilent Technologies (NYSE:A) is set to pay a dividend of $0.23 per share on July 26, 2023, with an annualized dividend yield of 0.71%. The company has shown a steady increase in its dividend per share from $0.67 in 2019 to $0.85 in 2022, and its earnings per share have also increased from $3.12 in 2019 to $5.21 in 2022. Agilent's dividend yield surpasses that of its industry peer, Danaher (NYSE:DHR), which has an annualized dividend yield of 0.42%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:06 pm

NTAP

XRX

NetApp (NASDAQ:NTAP) will issue a dividend payout of $0.50 per share, resulting in an annualized dividend yield of 2.89%. The company has seen an increase in both dividend per share and earnings per share from 2019 to 2022, indicating a positive financial trend. Xerox Holdings (NASDAQ:XRX) has the highest annualized dividend yield at 6.11% among industry peers.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:06 pm