Streetbeat News

Dividends

SIRI

SiriusXM Holdings Inc. (SIRI) has announced a $1.66 billion stock repurchase program and reiterated its 2024 financial guidance. The company is focusing on improving subscriber value, expanding advertising, and enhancing efficiency after its transaction with Liberty Media. Despite these announcements, SIRI shares are trading lower.

Portfolio Pulse from Nabaparna Bhattacharya

September 10, 2024 | 4:51 pm

CVGW

Calavo Growers shares rose following the release of their Q3 financial results, which exceeded expectations. The company also announced an increase in its dividend.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 3:47 pm

DE

John Deere (NYSE:DE) faces a $9.93 million SEC settlement over bribery charges involving its subsidiary, Wirtgen Thailand. Despite a 16.8% sales drop in Q3, analysts remain optimistic about Deere's long-term prospects, supported by strong earnings, dividends, and a share buyback program. The stock shows bullish technical indicators, but the bribery settlement and recent declines in key segments pose short-term challenges.

Portfolio Pulse from Surbhi Jain

September 10, 2024 | 3:31 pm

AVO

CDMO

CVGW

ORCL

TSLA

Calavo Growers and several other stocks, including Tesla and Oracle, saw significant gains on Tuesday. Calavo Growers reported better-than-expected earnings and increased its dividend, leading to a 12.5% stock price increase. Mission Produce, Avid Bioservices, and Oracle also posted strong earnings, contributing to their stock price rises.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 2:07 pm

HPP

Hudson Pacific Properties has suspended its common stock dividend to preserve capital amid challenging market conditions, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:12 pm

HPP

Hudson Pacific Properties has suspended its common stock dividend to preserve capital amid challenging conditions, while declaring a $0.296875/share dividend on its 4.750% Series C cumulative preferred stock.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:07 pm

IDCC

InterDigital has announced an increase in its quarterly cash dividend from $0.40 to $0.45 per share. This move reflects the company's confidence in its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:01 pm

HPE

IBM

XRX

Analysts have provided ratings for three high-dividend tech stocks: Xerox (XRX), IBM (IBM), and Hewlett Packard Enterprise (HPE). Xerox has a high dividend yield of 9.77% and recent strategic partnership news. IBM, with a 3.28% yield, plans to acquire Accelalpha. HPE, yielding 2.95%, announced a $1.35 billion stock offering.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 11:58 am

SIRI

SiriusXM has confirmed its quarterly dividend and announced a $1.166 billion stock repurchase authorization following the Liberty Media transaction. The dividend is adjusted to approximately 27 cents per quarter.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:28 am

GNK

Genco Shipping & Trading has updated its dividend formula by removing the drydocking capex line item, increasing cash available for shareholder payouts starting Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:00 am