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Latest The Advisors Inner Circle Fund II Cullen Enhanced Equity Income ETF  News | ARCA:DIVP | Benzinga

The Fund is an actively managed exchange-traded Fund (ETF). Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend paying common stocks. This investment policy may be changed by the Fund upon 60 days' prior written notice to shareholders. As a point of comparison, a dividend paying common stock that the Fund would invest in would generally have a dividend yield greater than the average dividend yield of the equity securities in the S&P 500 Index. The Fund invests roughly similar amounts of its assets in each stock in the portfolio at the time of original purchase, although the portfolio is not systematically rebalanced. This approach avoids the overweighting of any individual security being purchased. The Fund will generally own between 30-40 underlying equity positions. In addition to seeking high dividend yield, the Adviser employs a value style investing approach, which means that it selects stocks for the portfolio by screening for securities with low price-to-earnings ratios but that possess above-average earnings and dividend growth potential. The Advisers investment process combines a quantitative and qualitative approach. An initial quantitative screening is conducted that includes price-to-earnings ratios, dividend yield, long-term dividend and earnings growth potential. For securities that meet such quantitative screening criteria, the Adviser will conduct further qualitative fundamental research on the underlying companies with regard to valuation and financial metrics, their operating environment and core competitive strengths and weaknesses. The Adviser may sell portfolio stocks when they are no longer attractive based on their growth potential, dividend yield or price.

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Cullen Enhanced Equity Income ETF

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PPL Corp reported Q4 FY24 revenue of $2.211B, beating consensus of $2.048B. EPS missed at 34 cents. Dividend raised 6%.

PPL Misses EPS Estimates, Raises 3-Year Infrastructure Investment Plan To $20 Billion

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Intel Corp plans to cut 15% of its workforce, around 15,000 jobs, after receiving $8.5 billion in grants from the U.S. government. This is part of a cost-cutting and restructuring plan as revenues have not met expectations.

Intel&#39;s $8.5B Government Windfall Fails To Stop 15,000 Layoffs At Chipmaker

The Advisors Inner Circle Fund II Cullen Enhanced Equity Income ETF

PPL Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) shares are trading lower after the company reported fourth-quarter FY24 operating revenue <a href="https://www.benzinga.com/pressreleases/25/02/n43689771/ppl-corporation-reports-2024-earnings-results-updates-business-plan-and-extends-growth-targets-thr">growth of $2.211 billion</a>.



The company beat the consensus of $2.048 billion. Meanwhile, adjusted EPS was 34 cents and missed the <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">consensus of 37 cents</a>.



Electricity sales rose by 1% year over year (Y/Y), with the PA Regulated segment up 1.4% Y/Y and the KY Regulated segment increased by 0.6% Y/Y.



Operating income decreased to $377 million from $390 million in the prior year quarter. 



PPL&#8217;s&nbsp;net cash provided by operating activities in the&nbsp;year,&nbsp;totaled&nbsp;$2.34 billion, versus&nbsp;$1.758 billion&nbsp;a year ago.



PPL completed more than $3 billion in infrastructure investments, according to CEO Vincent Sorgi.



Dividend Boost: PPL disclosed a 6% increase in its quarterly common stock dividend, raising it from $0.2575 to $0.2725 per share.



The higher dividend will be payable on April 1, 2025, to shareholders of record as of March 10, 2025.



Outlook: PPL expects 2025 EPS of&nbsp;$1.75-$1.87&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">vs. consensus of $1.83</a>.



PPL extended its 6% to 8% annual EPS and dividend growth targets through at least 2028. Company brass expects EPS growth to be in the upper half of the range.



PPL also raised its planned infrastructure investments to $20 billion for the 2025–2028 period. That&#8217;s up from the previous $14.3 billion planned for 2024–2027.



These investments are expected to drive an average annual rate base growth of 9.8% through 2028, compared to 6.3% under the prior plan.



The company is targeting $4.3 billion in infrastructure investments for 2025.



PPL anticipates achieving cumulative annual O&amp;M efficiencies of at least $150 million in 2025, compared to its 2021 baseline.



This progress builds on the success of its 2023–2024 transformation initiatives and the implementation of scalable technologies across its operations.



Investors can gain exposure to the stock via&nbsp;Virtus Reaves Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTES#NYSE">UTES</a>) and The Advisors Inner Circle Fund II Cullen Enhanced Equity Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIVP#NYSE">DIVP</a>).



Price Action: PPL shares are down 1.07% at $34.15 at the last check Thursday.



Read Next:



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<li><a href="https://www.benzinga.com//node/43694460" target="_blank" rel="noreferrer noopener">Datadog&nbsp;Q4&nbsp;Earnings: Margins Shrink,&nbsp;Outlook&nbsp;Lags Expectations</a></li>
</ul>



Image: Shutterstock

Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) is set to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40168042/intels-10b-cost-cut-seen-as-necessary-but-not-enough-for-competitive-edge-analyst">slash its workforce </a>after receiving billions of dollars from the federal government.



The tech giant said it plans to cut 15% of its workforce, or about 15,000 jobs, after it received $8.5 billion in grants from the U.S. government, Fox Business <a href="https://www.foxbusiness.com/markets/intels-massive-job-cuts-after-receiving-taxpayer-money">reported</a>.



The funding came from the Biden Administration&#8217;s CHIPS and Science Act, which in August 2022 earmarked $280 billion for science and technology research in the U.S. About $52.7 billion of that is focused on boosting domestic development of semiconductors.



Intel said the job cuts are part of a massive cost-cutting and restructuring plan for the company, which on Aug. 1 reported second-quarter revenue of $12.8 billion, down 1% from a year ago, and a <a href="https://www.benzinga.com/news/earnings/24/08/40115276/intel-stock-falls-after-weak-q2-results-new-cost-reduction-plan-15-headcount-reduction">loss per share of $0.38.</a>



Read Also: <a href="https://www.benzinga.com/government/24/05/38650086/intel-micron-among-winners-in-bidens-280b-chips-act-for-semiconductor-advancement">Intel, Micron Among Winners In Biden&#8217;s $280B CHIPS Act For Semiconductor Advancement</a>



The company said in the earnings report that it would carry out a more than 15% headcount reduction to &#8220;resize and refocus&#8221; the company, but it did not mention the heavy government grant.



&#8220;This is an incredibly hard day for Intel as we are making some of the most consequential changes in our company's history,&#8221;&nbsp;Intel CEO Pat Gelsinger said in a note to employees. &#8220;Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate.&#8221;



He also said that revenues hadn't &#8220;grown as expected.&#8221;



&#8220;Our costs are too high, our margins are too low,&#8221; he wrote. &#8220;We need bolder actions to address both — particularly given our financial results and outlook for the second half of 2024, which is tougher than previously expected.&#8221;



Price Action: Intel was down 1.6% at $19.38 at the time of publication Wednesday.



Exchange-traded funds were mixed at the time of publication.



<ul>
<li>ClearBridge Focus Value ESG ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CFCV#BATS">CFCV</a>) ticked up 0.68%</li>



<li>REX FANG &amp; Innovation Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>) was down 0.42%</li>



<li>First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>) fell 2.2%</li>



<li>Cullen Enhanced Equity Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIVP#NYSE">DIVP</a>) went up 0.6%</li>



<li>VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) was down 2.04%</li>
</ul>



Read Now: 



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<li><a href="https://www.benzinga.com/general/politics/24/04/38146416/one-of-best-traders-in-congress-bought-and-sold-taiwan-semiconductor-stock-ahead-of-chips-act-de">One Of Best Traders In Congress Bought And Sold Taiwan Semiconductor Stock Ahead Of CHIPS Act Deal — Here&#8217;s How Much They Made</a></li>
</ul>



Photo: Shutterstock

Intel's $8.5B Government Windfall Fails To Stop 15,000 Layoffs At Chipmaker