Streetbeat News

Dividends

GES

KSS

WEN

Analysts provide ratings on three high-dividend consumer stocks: Kohl's, Guess?, and Wendy's. Kohl's was downgraded by JP Morgan, Guess? had mixed ratings after poor earnings, and Wendy's saw a price target increase following leadership changes.

Portfolio Pulse from Avi Kapoor

October 02, 2024 | 12:40 pm

NKE

Nike reported Q1 earnings with a revenue miss but an EPS beat. Revenue was $11.59 billion, below estimates, while EPS was 70 cents, above expectations. Sales declined across regions, and the company is undergoing a CEO transition. Nike returned $1.8 billion to shareholders through dividends and buybacks.

Portfolio Pulse from Adam Eckert

October 01, 2024 | 8:42 pm

CALM

Cal-Maine Foods will distribute a cash dividend of approximately $1.02 per share for the fourth quarter of fiscal 2024 to holders of its Common Stock and Class A Common Stock. The dividend is part of the company's variable dividend policy, which ties dividend payments to quarterly net income. The dividend is payable on November 14, 2024, to shareholders on record as of October 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:08 pm

OZK

Bank OZK has announced an increase in its quarterly common stock dividend from $0.40 to $0.41 per share, marking a 2.5% rise. This dividend is payable on October 18, 2024, to shareholders of record as of October 11, 2024. The bank has consistently increased its dividend for 57 consecutive quarters.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:05 pm

NFE

New Fortress Energy (NFE) shares are rising after announcing a $400 million stock offering, with CEO Wesley Edens purchasing a significant portion. The offering is expected to close on Oct. 2, with proceeds for general corporate purposes. The stock also benefits from energy sector gains amid Middle East tensions.

Portfolio Pulse from Adam Eckert

October 01, 2024 | 6:57 pm

DIN

Wedbush analyst Nick Setyan upgraded Dine Brands Global, Inc. (NYSE:DIN) to Outperform, raising the price target to $47. Key catalysts include a $100 million+ accelerated share repurchase plan and strong free cash flow projections. DIN shares rose 13.1% to $35.32.

Portfolio Pulse from Nabaparna Bhattacharya

October 01, 2024 | 6:20 pm

QSG

QuantaSing Group shares are trading higher following the announcement of a special dividend of $0.201 per American depository share (ADS).

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:24 pm

CFBK

CF Bankshares has announced a 17% increase in its quarterly dividend, raising it to $0.07 per share. This move reflects the company's strong financial position and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:04 pm

MKC

McCormick & Company (NYSE:MKC) shares rose after the company reported better-than-expected Q3 earnings and raised its full-year EPS outlook. The company posted adjusted EPS of 83 cents, beating the expected 67 cents, and sales of $1.679 billion, surpassing the $1.668 billion consensus. McCormick also increased its fiscal year 2024 EPS outlook and expects strong cash flow, with plans to return a significant portion to shareholders through dividends.

Portfolio Pulse from Nabaparna Bhattacharya

October 01, 2024 | 12:28 pm

MU

Micron Technology, Inc. (NASDAQ:MU) reported better-than-expected Q4 earnings and revenue, but its stock fell by 3.5% to $103.71. The article discusses how investors can earn $500 monthly from Micron's dividends, requiring ownership of 13,043 shares. Micron's dividend yield is 0.44%, with a quarterly dividend of 11.5 cents per share.

Portfolio Pulse from Avi Kapoor

October 01, 2024 | 12:04 pm