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Equity Actions

SGRY

Surgery Partners, Inc. has announced a proposed secondary offering of 8 million shares of common stock. The proceeds from the offering will go entirely to the selling stockholders, with no shares being sold by the company itself.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:35 pm

UIS

Unisys Corporation (NYSE:UIS) has revised its estimate for a one-time, non-cash, pre-tax settlement charge from approximately $244 million to $179 million. This charge is related to the purchase of group annuity contracts intended to transfer a portion of its U.S. pension obligations. The final settlement charge will be disclosed with the company's year-end 2023 financial results.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:31 pm

EOSE

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has announced a proposed public offering aiming to raise $40 million through the sale of common stock and accompanying common warrants. The completion and terms of the offering are subject to market conditions, and no assurances can be given about the finalization or the specifics of the offering. TD Cowen and Stifel are the joint bookrunning managers for this transaction.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:27 pm

NUE

Nucor Corporation (NYSE:NUE) has raised its regular quarterly cash dividend from $0.51 to $0.54 per share, payable on February 9, 2024, to shareholders of record as of December 29, 2023. This marks Nucor's 203rd consecutive quarterly dividend and represents the 51st consecutive year of dividend increases since 1973.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:23 pm

TIGO

Millicom (Tigo) has increased its cumulative Equity Free Cash Flow target for 2022-2024 to around $600 million, up from the previous target of at least $500 million. This adjustment is due to expected savings from Project Everest, a shared mobile network in Colombia, and other initiatives. The company anticipates 2024 to be the peak year for EFCF, despite higher spectrum payments and severance charges in 2023. Additionally, Millicom has launched a share repurchase program for up to 2 million Swedish Depository Receipts to support its share-based incentive plans, with repurchases occurring between December 18, 2023, and May 22, 2024, subject to a maximum of SEK 420 million or 2 million SDRs.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:22 pm

LW

Lamb Weston Holdings, Inc. (NYSE:LW) has announced a 29% increase in its quarterly dividend, raising it from $0.28 to $0.36 per share. The increased dividend is payable on March 1, 2024, to shareholders of record as of February 2, 2024. CEO Tom Werner highlighted the company's commitment to delivering shareholder returns and its capital allocation strategy.

Portfolio Pulse from Happy Mohamed

December 14, 2023 | 9:21 pm

COST

The Board of Directors of Costco has announced a special cash dividend of $15 per share on its common stock, which will be payable on January 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:17 pm

BRX

Angela M. Aman is set to leave her role as President, CFO, and Treasurer of Brixmor Property Group Inc. (BRX) on January 19, 2024, to become CEO of Kilroy Realty Corporation. Steven Gallagher, currently the Senior VP and Chief Accounting Officer, will take over as interim CFO. The company is considering both internal and external candidates for the permanent position.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:16 pm

HRTG

Heritage Insurance Holdings is launching an underwritten public offering of its common stock. Concurrently, directors Ernie Garateix, Raymond Hyer, and CEO Paul Whiting plan to purchase up to $1.5 million of the stock in a private placement.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:16 pm

RLI

RLI Corp. announced the retirement of Jonathan E. Michael as Chairman of the Board, effective at the conclusion of the 2024 Annual Meeting of Shareholders in May. Michael, who has over 40 years of service with RLI and retired as CEO in 2021, led the company through significant diversification and consistent growth. David B. Duclos, with 45 years of industry experience, will succeed Michael as Non-Executive Chairman. Duclos has been a Director since 2017 and is the current lead independent director. The leadership transition is part of the company's established succession plan.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:14 pm