Streetbeat News

Dividends

ASML

ASML Holding NV reported a 27% YoY increase in Q2 FY23 net sales to $7.52 billion, beating the consensus of $7.51 billion. The company's Q2 net bookings were €4.50 billion, down from €8.46 billion a year ago. ASML declared an interim dividend of €1.45 per share, payable on August 10. The company also purchased around €500 million worth of shares under the 2022-2025 share buyback program. ASML expects strong growth for 2023, with a net sales increase towards 30% and a slight improvement in gross margin.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 10:18 am

PNFP

Pinnacle Financial Partners Inc (NASDAQ:PNFP) reported Q2 2023 revenues of $489.2 million, up 25.4% Y/Y, beating the consensus of $414.9 million. Net interest income rose 19.2% Y/Y to $315.4 million. Noninterest income grew 38.5% Y/Y to $173.8 million. The company's Board of Directors approved a quarterly cash dividend per share of $0.22. PNFP shares closed higher by 5.61% at $64.72 on Tuesday.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 9:49 am

YUMC

Yum China Holdings, Inc. (NYSE: YUMC) announced that its board will consider declaring and paying a quarterly dividend around August 1, 2023, in compliance with the Hong Kong Stock Exchange rules. The decision will be promptly disclosed.

Portfolio Pulse from Charles Gross

July 19, 2023 | 9:02 am

JBSS

John B. Sanfilippo & Son has declared a special dividend of $1.20 per share and a regular annual cash dividend of $0.80 per share. Both dividends will be paid on September 13, 2023, to stockholders of record as of the close of business on August 22, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:12 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) shares rose after the company announced a new AI service, Copilot, for Microsoft 365. The service will provide enterprise customers with a generative AI assistant across their Microsoft 365 programs for an additional $30 per month. The company also updated Bing Chat, its AI chatbot. Microsoft's recent $10 billion investment in OpenAI could significantly increase its revenues and potential dividends for investors. To earn $500 per month from Microsoft dividends, an investment of about $759,493.67, or about 2,078 shares, would be needed.

Portfolio Pulse from AJ Fabino

July 18, 2023 | 6:27 pm

TSX:GCG

Guardian Capital Group (TSX:GCG) will distribute a dividend payout of $0.34 per share, translating to an annualized dividend yield of 3.09%. The company has shown a steady increase in dividend per share from 2020 to 2022, and an increase in earnings per share, indicating a strong financial position and ability to sustain dividend distributions.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:05 pm

INTU

SAP

Intuit (NASDAQ:INTU) is distributing a dividend payout of $0.78 per share, with an annualized dividend yield of 0.69%. The company has shown an upward trajectory in its dividend per share from $2.00 to $2.92 between 2019 and 2022, and an increase in earnings per share from $6.87 to $11.96 in the same period. Compared to its industry peers, Intuit's dividend yield falls in the middle range, with SAP (NYSE:SAP) having the highest annualized dividend yield at 1.51%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:05 pm

DOC

Physicians Realty Trust (NYSE:DOC) is set to distribute a dividend of $0.23 per share on July 18, 2023, with an annualized dividend yield of 6.39%. The company has maintained a steady dividend per share of $0.92 from 2019 to 2022, indicating its commitment to providing stability to shareholders. The company's earnings per share have also increased from $1.00 in 2019 to $1.06 in 2022, suggesting potential for higher cash dividend payouts in the future.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:05 pm

C

Oppenheimer analyst Chris Kotowski upgraded Citigroup, Inc (NYSE:C) to an Outperform rating and increased the price target from $84 to $88. Citigroup's Q2 2023 results beat Street consensus, with a 1% YoY decline in net revenue to $19.44 billion, beating the estimated $19.27 billion. The bank also completed a billion dollars worth of share buy-backs over the last quarter. Citigroup's dividend yield of 4.28% provides an opportunity for income-focused investors.

Portfolio Pulse from AJ Fabino

July 18, 2023 | 3:03 pm

DHC

Diversified Healthcare (NASDAQ:DHC) has announced a quarterly dividend of 1 cent per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own DHC as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 17, 2023.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:46 pm