Streetbeat News

Dividends

RBA

RB Global shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 adjusted EBITDA guidance. Additionally, the company increased its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:51 pm

RBA

RB Global has announced an increase in its quarterly dividend from $0.27 to $0.29.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:51 pm

H

Hyatt Hotels Corporation (NYSE:H) reported mixed Q2 2024 results with record fee revenue and exceeded earnings estimates. Sales were slightly below expectations, but the company saw significant growth in RevPAR, net rooms, and its loyalty program. Adjusted EBITDA and EPS beat analyst expectations. Hyatt repurchased shares and declared a dividend. The company provided a positive outlook for 2024.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 2:12 pm

SBGI

T

VZ

Wall Street's most accurate analysts recommend buying three high-yielding tech and telecom stocks: Verizon Communications Inc. (VZ), AT&T Inc. (T), and Sinclair, Inc. (SBGI). These stocks offer dividend yields over 5% and have received positive ratings and price target increases from top analysts.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 2:07 pm

USEA

United Maritime has declared a cash dividend of $0.075 per common share, payable on or about October 10 to all shareholders of record as of September 27.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:38 pm

ACTV

BLMN

SCAP

Bloomin' Brands, Inc. (NASDAQ: BLMN) reported Q2 earnings that missed analyst expectations, with adjusted EPS of $0.51 versus the expected $0.58. Quarterly sales were $1.12 billion, slightly below the $1.13 billion estimate, and down 2.9% year-over-year. The company also lowered its FY24 adjusted EPS outlook and expects a decline in U.S. comparable restaurant sales. Despite these challenges, the company declared a quarterly dividend and continued its share repurchase program. BLMN shares are down 2.68% premarket. Investors can also gain exposure through LeaderShares Activist Leaders ETF (NYSE: ACTV) and Series Portfolios Trust InfraCap Small Cap Income ETF (NYSE: SCAP).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 1:30 pm

CRAK

IEO

MPC

MPLX

Marathon Petroleum Corporation (NYSE:MPC) reported strong Q2 FY24 results, surpassing revenue and EPS estimates. Total revenues were $38.362 billion, and adjusted EPS was $4.12. The company returned $3.2 billion to shareholders and has $5.8 billion remaining under its share repurchase authorizations. MPLX LP (NYSE:MPLX), in which Marathon holds a majority interest, also beat earnings and sales estimates. Investors can gain exposure via iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) and VanEck Oil Refiners ETF (NYSE:CRAK).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 12:51 pm

FOXA

Fox Corporation has announced an increase in its quarterly dividend from $0.26 to $0.27 per share.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:36 am

NOAH

Noah Holdings announced a record dividend payout of RMB 1,018 million for the full year 2023, including both a final and special dividend. Each dividend amounts to RMB 509 million, translating to RMB 1.54 per share.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:41 am

YUM

Yum! Brands, Inc. (NYSE:YUM) is expected to report lower Q2 earnings on Aug. 6, 2024, with EPS projected at $1.33, down from $1.41 last year. Revenue is expected to rise slightly to $1.8 billion. Recent analyst ratings include downgrades and reduced price targets from Stifel, Morgan Stanley, Deutsche Bank, and Evercore ISI Group. JP Morgan increased its price target. Yum! Brands declared a quarterly dividend of 67 cents per share and authorized up to $2.0 billion in share repurchases.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 6:12 am