Streetbeat News

Dividends

NFE

New Fortress Energy shares declined after the company announced a delay in its dividend payment.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:39 pm

NFE

New Fortress Energy has announced a delay in the payment of its previously declared dividend of $0.10 per share to address near-term maturity and liquidity needs, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:39 pm

NFE

New Fortress Energy has announced a delay in the payment of its previously declared $0.10 per share dividend for Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:14 pm

WS

Worthington Steel, Inc. (NYSE:WS) has announced a Dividend Reinvestment Plan (DRIP) effective from September 13, 2024. This plan allows shareholders to reinvest their cash dividends into additional common shares automatically. Participation is optional and offers flexibility in dividend reinvestment.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:23 pm

MKC

McCormick & Company (NYSE:MKC) is set to release its Q3 earnings on Oct. 1, with expectations of increased earnings per share and revenue. The company's dividend yield is currently 2.02%, and investors are considering dividend income strategies. Bank of America has maintained a Buy rating and raised the price target for McCormick.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 12:33 pm

IPG

T

VZ

Analysts have provided their ratings on three high-dividend yielding stocks in the tech and telecom sectors: Verizon, AT&T, and Interpublic Group. Verizon received a Neutral and a Buy rating with increased price targets, AT&T received Buy ratings with increased price targets, and Interpublic Group received a downgrade and a price target cut.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 12:30 pm

AYI

Acuity Brands, Inc. (NYSE:AYI) is set to release its Q4 earnings on Oct. 1, with expectations of increased earnings per share and revenue compared to last year. Analysts have recently adjusted their price targets, reflecting mixed sentiments. The company declared a quarterly dividend of 15 cents per share.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 10:56 am

BCDF

ICE

TOLL

RBC Capital Markets initiated coverage on Intercontinental Exchange Inc. (ICE) with an Outperform rating and a $200 price target, citing its resilient business model and technological advancements. ICE is expected to benefit from growth in mortgage technology, digitization of bonds, and passive fixed-income investing. The company is also projected to achieve significant revenue growth in the energy sector and aims to optimize its balance sheet through debt reduction and strategic acquisitions.

Portfolio Pulse from Lekha Gupta

September 27, 2024 | 7:03 pm

DIVO

GCAD

HON

QCOM

Honeywell International Inc. (NASDAQ:HON) announced an increase in its annual cash dividend from $4.32 to $4.52 per share, marking the 15th increase in 14 years. The company is focusing on automation, aviation, and energy transition, with plans to deploy $25 billion towards dividends, acquisitions, and more by 2025. Honeywell shares have gained over 12% in the past year, and the stock is trading higher by 0.67% today. Investors can access Honeywell through ETFs like GCAD and DIVO. Honeywell is also developing an AI-enabled agent for mobile devices with Qualcomm Inc. (NASDAQ:QCOM).

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 5:31 pm

HON

Honeywell announced an increase in its annual dividend from $4.32 to $4.52 per share, effective December 6. This move reflects the company's strong financial position and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 2:16 pm