Streetbeat News

Dividends

ET

Energy Transfer has announced an increase in its quarterly cash distribution from $0.3075 to $0.31.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:29 pm

DOW

Dow Inc reported a Q2 FY23 sales decline of 27.1% YoY to $11.42 billion, beating the consensus of $11.27 billion. Adjusted EPS was $0.75, above the consensus of $0.70. The company's return to shareholders totaled $743 million in the quarter, including $493 million in dividends and $250 million in share repurchases. DOW shares are trading higher by 2.45% at $53.84.

Portfolio Pulse from Akanksha Bakshi

July 25, 2023 | 5:11 pm

MCO

Moody's Corp reported Q2 FY23 sales growth of 8% YoY to $1.49 billion, beating the analyst consensus. Moody's Analytics revenue climbed 11% YoY and Moody's Investor Service grew 6%. The company also reported increased investor demand for high-quality credits and higher-than-expected investment grade activity. The company held $2.3 billion in cash and equivalents as of June 30, 2023, and had $7.2 billion of outstanding debt. Moody's raised its FY23 adjusted EPS outlook and revenue guidance.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 4:23 pm

CVS

DGX

Quest Diagnostics (NYSE:DGX) will distribute a dividend of $0.71 per share on July 25, 2023, with an annualized dividend yield of 2.15%. The company has shown a positive trend in both dividend per share and earnings per share from 2019 to 2022. CVS Health (NYSE:CVS) leads the industry with the highest annualized dividend yield at 3.19%.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:05 pm

INGR

LND

Ingredion (NYSE:INGR) will issue a dividend payout of $0.71 per share, resulting in an annualized dividend yield of 2.55%. The company has demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $2.51 to $2.72. Earnings per share also increased from $6.63 to $6.89 during the same period. When compared to its industry peers, Ingredion's dividend yield is in the middle, with Brasilagro - Cia Bras (NYSE:LND) having the highest annualized dividend yield at 18.54%.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:05 pm

DG

TGT

Dollar Gen (NYSE:DG) is set to distribute a dividend payout of $0.59 per share, resulting in an annualized dividend yield of 1.15%. The company has seen an upward trajectory in its dividend per share from $1.28 to $2.20 between 2019 and 2022, and an increase in earnings per share from $6.48 to $10.29. In comparison, Target (NYSE:TGT) has the highest annualized dividend yield at 3.21% among industry peers.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:05 pm

FBNC

NWBI

First Bancorp (NASDAQ:FBNC) has announced a dividend payout of $0.22 per share, equating to an annualized dividend yield of 2.65%. The company has shown a positive financial trend from 2019 to 2022, with an increase in both dividend per share and earnings per share. Northwest Bancshares (NASDAQ:NWBI) has the highest annualized dividend yield at 6.68% among its industry peers.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:05 pm

EFSH

GE

General Electric (NYSE:GE) will issue a dividend payout of $0.08 per share, resulting in an annualized dividend yield of 0.30%. The company has maintained a consistent dividend per share of $0.32 from 2019 to 2022. However, the company's earnings per share have declined from $5.04 in 2019 to $2.29 in 2022, which could impact future dividend payouts. Compared to its industry peers, GE's dividend yield is on the lower end, with 1847 Holdings (NYSE:EFSH) having a higher annualized dividend yield of 281.80%.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:05 pm

HEP

Holly Energy Partners (NYSE:HEP) has announced a quarterly dividend of 35 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 35 cents lower. Shareholders who own HEP as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 11, 2023.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 2:46 pm

VOC

VOC Energy (NYSE:VOC) has announced a quarterly dividend of 21 cents per share. The stock will go ex-dividend on Friday, meaning the stock will likely open 21 cents lower than it would have opened on any other day. The dividend will be paid out to shareholders on August 14, 2023.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 2:46 pm