Streetbeat News

Dividends

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KSS

WHR

Analysts have provided ratings on three consumer stocks with high dividend yields: Kohl's, Whirlpool, and Ford. Kohl's received a downgrade from JP Morgan and a price target cut from Evercore ISI. Whirlpool was rated Underperform by B of A Securities and RBC Capital. Ford was upgraded by Goldman Sachs but downgraded by Morgan Stanley, with an ongoing NHTSA investigation into its Edge SUVs.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 12:15 pm

WHF

WhiteHorse Finance has announced a special distribution of $0.245 per share, payable on December 10, 2024, to stockholders of record as of October 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:33 am

PRMW

Primo Water has declared a special cash dividend of $0.82 per common share, payable on November 21. This is related to the previously announced all-stock combination with BlueTriton Brands.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:36 am

PSX

Phillips 66 is selling its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss JV partner for approximately $1.24 billion. The proceeds will support Phillips 66's strategic priorities, including shareholder returns.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 8:37 pm

PBR

Petrobras plans to reduce average natural gas prices by 1.41% in November. The company is considering changes to its dividend payment rules, potentially distributing excess cash to shareholders while maintaining a minimum cash level to ensure operations.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 4:33 pm

CCOI

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VZ

Analysts have provided ratings and price targets for three high-yielding tech and telecom stocks: Verizon, AT&T, and Cogent Communications. Verizon and AT&T received Buy ratings with increased price targets, while Cogent Communications was downgraded by one analyst. These stocks offer dividend yields over 4%, attracting investors during market uncertainty.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 12:42 pm

GS

Goldman Sachs (NYSE:GS) is set to release its Q3 earnings, with analysts expecting an increase in earnings per share and revenue. The company's annual dividend yield is 2.32%, translating to a quarterly dividend of $3.00 per share. Investors would need 500 shares to earn $500 monthly from dividends. The stock recently gained 2.5%, and JMP Securities raised its price target to $550.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 12:31 pm

AOS

AQWA

TBLU

A.O. Smith Corporation (NYSE:AOS) has lowered its FY24 guidance due to weak Q3 performance, primarily impacted by declining sales in China and North America's water heating segment. The company reported preliminary Q3 sales and EPS below estimates, leading to a significant drop in share price. Despite challenges, A.O. Smith expects improvement in North American water heater volumes in Q4, but anticipates continued softness in China. The company also announced a 6% dividend increase.

Portfolio Pulse from Lekha Gupta

October 11, 2024 | 4:30 pm

BAC

Bank of America (NYSE:BAC) offers a 2.6% annual dividend yield, equating to $1.04 per share annually. To earn $500 monthly from dividends, an investor would need 5,769 shares, worth approximately $230,587. BAC shares fell 0.6% to $39.97, with Q3 earnings expected at 77 cents per share, down from 90 cents last year. RBC Capital reiterated an Outperform rating with a $46 price target.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 12:44 pm

CSWI

CSW Industrials has announced an increase in its quarterly dividend from $0.21 to $0.24 per share.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:32 pm