Streetbeat News

Dividends

AFCG

IIPR

Innovative Industrial Properties Inc (IIPR) and AFC Gamma (AFCG) have announced their Q3 2024 dividends. IIPR declared a $1.90 dividend per share, marking its 30th consecutive quarterly dividend, while AFCG announced a $0.33 dividend per share, its first post-spin-off. Both companies play significant roles in financing the U.S. cannabis market.

Portfolio Pulse from Javier Hasse

September 13, 2024 | 4:16 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) reported better-than-expected Q3 earnings and sales, with revenue of $13.072 billion and earnings of $1.24 per share. The company's dividend yield is 1.34%, translating to a quarterly dividend of 53 cents per share. To earn $500 monthly from dividends, an investor would need approximately 2,830 shares, worth $465,705. Broadcom's stock rose 4% to $164.56.

Portfolio Pulse from Avi Kapoor

September 13, 2024 | 12:42 pm

PGRE

Paramount Group has announced the suspension of its regular quarterly dividend. This decision is likely to impact investors who rely on dividend income from the company.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:10 pm

CWEN

D

UGI

Analysts have provided updated ratings and price targets for three high-yield utilities stocks: UGI Corporation, Clearway Energy, and Dominion Energy. UGI has mixed ratings with a recent profit report, Clearway Energy was upgraded despite declining sales, and Dominion Energy missed revenue expectations but received upgraded ratings.

Portfolio Pulse from Avi Kapoor

September 13, 2024 | 9:51 am

EVI

EVI Industries has announced a special cash dividend of $0.31 per share, payable on October 7, 2024. This represents a 10% increase over the previous year's special dividend.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:12 pm

KDP

Keurig Dr Pepper has announced an increase in its dividend from $0.86 to $0.92 per share, reflecting the company's strong financial performance and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:17 pm

AFCG

IIPR

REFI

SUNS

Advanced Flower Capital Group (NASDAQ:AFCG) is poised to benefit from a $1.7 billion demand for cannabis loans due to new laws. The company, a leading lender in the cannabis sector, has spun off its commercial real estate assets to focus on cannabis-related loans. AFCG's strong financial position, high yield-to-maturity rates, and attractive dividend yield make it a compelling investment. The company is well-positioned for growth with access to over $100 million in capital and a strategic focus on lending to operators in limited-license states.

Portfolio Pulse from Nicolás Jose Rodriguez

September 12, 2024 | 2:09 pm

USB

U.S. Bancorp has announced a $5 billion share repurchase program and a 2% increase in its quarterly dividend, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:46 pm

FTXO

IAT

USB

U.S. Bancorp has announced a new $5 billion share repurchase program and a 2% increase in its quarterly dividend to 50 cents per share. The buyback will start in early 2025, and the dividend will be paid on October 15. USB shares are trading higher in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2024 | 12:38 pm

SIG

Signet Jewelers reported a mixed Q2 2025 earnings with a sales decline but an EPS beat. The company is net debt positive and has a strong Q3 outlook, leading to a 12.7% premarket stock increase.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 12:34 pm