PepsiCo, Inc. (PEP) has declared a quarterly dividend of $1.0225 per share with a 3.11% dividend yield, a 7% increase from the $0.955 previous dividend.“Today’s action is consistent with PepsiCo’s previously announced increase in its annualized dividend to $4.09 per share from $3.82 per share, which will begin with the June 2020 payment” the company announced.This dividend is payable on June 30, 2020 to shareholders of record at the close of business on June 5, 2020.PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2020 marks the company’s 48th consecutive annual dividend increase- earning it the elusive ‘Dividend Aristocrat’ title for 25 years+ of consistent dividend growth.PEP stock is currently trading down 8% on a three-month basis, but according to RBC Capital analyst Nik Modi, this provides an attractive entry point for a long-term compounder.He has a buy rating on PEP with a $153 price target (16% upside potential). According to...
Walt Disney (DIS) reported worse-than-estimated profit in its fiscal second quarter and slashed its semi-annual dividend in an effort to save $1.6 billion in cash as the coronavirus pandemic disrupts most of its operations.Adjusted earnings per share dropped 63% to 60 cents in the three months ended March 28, from the year earlier period, while missing the 89 cents expected by analysts. Net income from continuing operations plunged 91% to $475 million during the same comparative period.The entertainment and media giant declared that it is suspending its semi-annual cash dividend for the first half of fiscal 2020, due to the “significant operational and financial disruption” caused by the coronavirus pandemic impact. As a result, Walt Disney expects to save $1.6 billion in cash, based on the 88 cents a share previously paid to shareholders in January.“While the COVID-19 pandemic has had an appreciable financial impact on a number of our businesses,...
Photo-sharing site Pinterest (PINS) traded down 16% in after-hours trading on Tuesday following mixed first quarter earnings results.Q1 Non-GAAP EPS of -$0.10 missed the Street forecast by $0.01; although GAAP EPS of -$0.25 beat by $0.01. Revenue of $271.94M (up 34.7% year-over-year) also beat the consensus expectations by $1.25M.Most notably, net loss significantly increased to $141.2M from $41.4M last year, while quarter-to-date Ad Revenue trends were down 8% year-over-year vs. market expectations of 0% to up 10%.Average revenue per user (ARPU) of $0.77 decelerated to 7% year-over-year due to lower international ARPU vs US as PINS expands its global reach.Positively, global monthly active users (MAUs) grew 26% year-over-year to 367M, with a record-high 32M net additions, and record levels of engagement in terms of impressions, searches, saves, and board creations.“PINS demonstrating limited ads resiliency because of less developed ads infrastructure, still experimental presence among marketers, and its exposure to omni-channel retail ad $s”...
