Streetbeat News

Dividends

PRT

PermRock Royalty Trust has declared a monthly cash distribution of $0.030271 per Trust Unit, based on September 2024 production. The distribution will be payable on December 13, 2024. Oil and natural gas sales volumes and prices have decreased compared to the previous month.

Portfolio Pulse from

November 18, 2024 | 11:45 am

REXR

Rexford Industrial Realty has been added to a portfolio as the largest REIT investment, following a 16% pullback. The company's focus on Southern California's industrial real estate market offers pricing power and growth potential. With a 4.0% dividend yield and strong NOI growth, REXR is seen as an attractive investment.

Portfolio Pulse from

November 18, 2024 | 11:00 am

ARCC

The article discusses an ultra-high-yield dividend stock in Warren Buffett's secret portfolio, suggesting it as a strong buy. The stock is likely Ares Capital Corporation (ARCC), known for its high dividend yield.

Portfolio Pulse from

November 18, 2024 | 11:00 am

COP

Top oil stocks are currently providing significant cash returns to investors, with expectations of increased shareholder payouts in 2025 and beyond.

Portfolio Pulse from

November 18, 2024 | 10:45 am

AOIFF

Africa Oil Corp.'s acquisition of Prime Oil and Gas is set to double its free cash flow and enhance shareholder returns. The acquisition supports a base dividend policy yielding 11%, with potential for a 33% yield.

Portfolio Pulse from

November 18, 2024 | 10:00 am

SRRLF

Sirius Real Estate Limited reported a strong first half with a 14.5% increase in funds from operations and a 1.2% rise in net asset value per share. The company has also increased its dividend.

Portfolio Pulse from

November 18, 2024 | 8:15 am

HRL

MRK

RJF

Merck is among 10 companies expected to announce annual dividend increases in the second half of November. Merck is predicted to have a modest increase, while Raymond James Financial is expected to announce a 10%+ increase. Hormel Foods is set to continue its long-term dividend growth streak.

Portfolio Pulse from

November 18, 2024 | 7:45 am

EQNR

Equinor ASA's shares are now trading ex-dividend for the second quarter of 2024 on the Oslo Børs. This means that the dividend is no longer included in the share price.

Portfolio Pulse from

November 18, 2024 | 7:00 am

BCSF

Bain Capital Specialty Finance (BCSF) offers a high yield and strong dividend per share (DPS) coverage, supported by a defensive, first-lien debt-focused portfolio. BCSF's diversified portfolio spans 159 entities with a fair value of $2.4 billion, emphasizing first-lien debt for repayment priority.

Portfolio Pulse from

November 17, 2024 | 8:15 pm

NMFC

New Mountain Finance has lowered its supplemental dividend to $0.01 per share and paused the program due to declining net investment income. The dividend pay-out ratio has increased to 97%, raising concerns about a potential future dividend cut. The stock has been downgraded to 'Hold' due to a narrower margin of safety and expected lower net investment income.

Portfolio Pulse from

November 17, 2024 | 6:00 pm