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Equity Actions

ADT

ADT Inc. has announced its exit from the residential solar business, a strategic move to streamline its operations. Alongside this decision, the company has increased its quarterly dividend by 57%, demonstrating confidence in its financial health and commitment to returning value to shareholders. Additionally, ADT has authorized a new $350 million share repurchase program, which may indicate a belief by the company's management that its stock is undervalued and represents a good investment opportunity.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:05 pm

ADT

ADT Inc. (NYSE:ADT) has announced its decision to exit the residential solar business, choosing to concentrate on its core security and smart home business with an emphasis on cash flow generation and capital-efficient growth.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:03 pm

ADT

ADT Inc. has announced a significant increase in its quarterly dividend, raising it by 57% to $0.055 per share. Additionally, the company has authorized a new $350 million share repurchase program. These moves reflect ADT's confidence in its financial stability and commitment to returning value to its shareholders.

Portfolio Pulse from Charles Gross

January 24, 2024 | 10:02 pm

AKTS

Akoustis has announced its intention to offer and sell shares of its common stock through a public offering, although specific terms have not been disclosed. The company plans to use the net proceeds to fund operations and business growth, including capital expenditures, working capital, R&D, commercialization of technology, potential strategic transactions, and other general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:48 pm

FSBW

FS Bancorp has announced an increase in its quarterly dividend from $0.25 to $0.26 per share.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:45 pm

DKL

Delek Logistics Partners, LP has announced an increase in its quarterly cash distribution to $1.055 per common limited partner unit. This represents a positive development for the company's shareholders, indicating a potential increase in shareholder value and a strong signal of the company's financial health and commitment to returning value to its investors.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:40 pm

TRML

Tourmaline Bio, Inc. (NASDAQ:TRML), a biotech company, announced a proposed underwritten public offering of its common stock. The size and amount of the offering have not been disclosed. Tourmaline will sell all the shares and may grant underwriters a 30-day option to buy up to an additional 15% of the shares sold. The offering's completion is uncertain and depends on market conditions. Jefferies, Piper Sandler, Guggenheim Securities, and Truist Securities are the joint book-running managers.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:34 pm

AJG

Arthur J. Gallagher & Co. has announced an increase in its quarterly cash dividend from $0.55 to $0.60 per share, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:32 pm

CASH

Pathward Financial has reaffirmed its fiscal year 2024 GAAP earnings per share (EPS) guidance to be between $6.20 and $6.70. The company also expects its annual tax rate to be between 16% and 20%.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:16 pm

TSLA

Tesla has announced that it has enough liquidity to fund its product roadmap, long-term capacity expansion plans, and other expenses. The company also intends to manage its business to maintain a strong balance sheet during the current uncertain period.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:08 pm