Stock Market News

Merck increases quarterly dividend to $0.81

Merck & Company Inc (NYSE: MRK) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.81 per share of common stock. The latter represents an increase of 5.19% compared to the previous quarterly dividend of $0.77 per share. The dividend will be paid on January 8th to shareholders […] Read more

Woodward to sell its gas turbines combustion parts business

Woodward Inc (NASDAQ: WWD) said this week it had agreed to sell its heavy duty gas turbines combustion parts business based in Greenville, S.C., to GE Vernova Inc (NYSE: GEV). The deal is expected to be finalized in early 2025. “This targeted transaction is good for our customer and members and will allow us to […] Read more

Sysco Corp announces $0.51 quarterly dividend

Sysco Corp (NYSE: SYY), a global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home, said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $0.51 per share of common stock. The dividend […] Read more

CRH PLC acquires Dutra Materials in California

CRH PLC (NYSE: CRH) said on Friday that it had acquired Dutra Materials in San Rafael, California. Dutra Materials is to complement CRH’s Americas Materials Solutions business in the Western United States, which will ensure additional strategic aggregate reserves and asphalt production capabilities to service the construction market in northern California. “We are delighted to […] Read more

Patrick Industries increases dividend to $0.60

Patrick Industries Inc (NASDAQ: PATK) said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $0.60 per share of common stock. The latter represents an increase of 9.09% compared to the previous quarterly dividend of $0.55 per share. The dividend will be paid on December 9th to shareholders of […] Read more

Golar LNG announces $0.25 quarterly dividend

Golar LNG Limited (NASDAQ: GLNG) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.25 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 2nd to shareholders of record as of the close of business […] Read more

Loews Corp announces $0.0625 quarterly dividend

Loews Corp (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality and packaging industries, said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.0625 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on […] Read more

Lazard reports 4.79% drop in its October AUM

Lazard Inc (NYSE: LAZ) reported on Tuesday preliminary assets under management of $235.8 billion as of October 31st 2024. This marked a decrease from $247.657 billion as of September 30th. The drop in AUM came as a result of market depreciation of $4.4 billion, foreign exchange depreciation of $4.2 billion and net outflows of $3.3 […] Read more

Crescent Capital BDC announces $0.42 dividend

Crescent Capital BDC Inc (NASDAQ: CCAP) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.42 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on January 15th to shareholders of record as of the close […] Read more

Enphase Energy plans to reduce workforce by 17%

Enphase Energy Inc (NASDAQ: ENPH) said that it intended to cut its global workforce by about 17%, which would affect nearly 500 employees and contractors. The company said in a SEC filing it would “streamline its operations by focusing contract manufacturing in four existing locations: two in the United States, one in India and one […] Read more