Streetbeat News

Dividends

MSM

MSC Industrial Direct Co., Inc. (NYSE:MSM) is set to release its Q3 earnings on July 2. Analysts expect a decrease in earnings per share from $1.74 to $1.34 and project revenue of $982.22 million. The stock was recently downgraded by Loop Capital and Keybanc. MSC Industrial offers a 4.26% annual dividend yield, translating to $3.32 per share annually. To earn $500 monthly from dividends, an investment of approximately $140,964 is needed.

Portfolio Pulse from Avi Kapoor

June 28, 2024 | 1:03 pm

CVS

GILD

JNJ

Wall Street's most accurate analysts have provided their ratings on three high-yielding health care stocks: Gilead Sciences, CVS Health, and Johnson & Johnson. These stocks offer dividend yields over 3% and have received mixed ratings from analysts.

Portfolio Pulse from Avi Kapoor

June 28, 2024 | 11:30 am

LNN

Lindsay Corporation has announced a 3% reduction in its cash dividend, lowering it to $0.36 per share. The dividend is payable on August 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 10:49 am

AFCG

SUNS

AFC Gamma, Inc. (NASDAQ:AFCG) announced a special dividend of $0.15 per share in relation to the spin-off of its commercial real estate portfolio into a new publicly-traded REIT, Sunrise Realty Trust, Inc. (NASDAQ:SUNS). The distribution is expected to occur on July 9, 2024, with a record date of July 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:38 pm

NOG

OILT

PSCE

SM

SM Energy Company (NYSE:SM) shares are down 10.2% after announcing a $2.55 billion acquisition of Uinta Basin oil and gas assets from XCL Resources, LLC. Northern Oil and Gas, Inc. (NYSE:NOG) will purchase a 20% share for $510 million. SM Energy plans to fund the acquisition through debt and cash reserves. The acquisition is expected to boost key financial metrics in 2025, including a 35% rise in Adjusted EBITDAX and a 45% increase in Adjusted free cash flow. The company also announced an 11% dividend increase and a new $500 million share repurchase program.

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 5:35 pm

LEVI

Levi Strauss & Co. (NYSE:LEVI) shares are trading lower after the company announced mixed quarterly results and issued soft 2024 fiscal-year EPS guidance. Despite beating EPS estimates, the company missed sales expectations and provided lower-than-expected EPS guidance for the next fiscal year. Analysts have adjusted their price targets accordingly.

Portfolio Pulse from Dylan Berman

June 27, 2024 | 3:51 pm

MATX

Matson, Inc. (NYSE:MATX) has announced an increase in its quarterly dividend from $0.32 to $0.34 per share, a 6.3% rise. The dividend will be paid on September 5, 2024, to shareholders of record as of August 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:14 pm

NKE

NIKE, Inc. (NYSE:NKE) is set to release its Q4 earnings, with analysts expecting an EPS of 83 cents, up from 66 cents last year, and revenue of $12.85 billion. Oppenheimer upgraded Nike's rating and raised the price target to $120. Nike offers a 1.57% annual dividend yield, translating to 37 cents per share quarterly. To earn $500 monthly from dividends, an investment of approximately $381,319 is needed.

Portfolio Pulse from Avi Kapoor

June 27, 2024 | 12:36 pm

CSGP

RLJ

WY

The article highlights three oversold real estate stocks with RSI values near or below 30, presenting potential buying opportunities. The stocks mentioned are RLJ Lodging Trust, Weyerhaeuser Co, and CoStar Group Inc.

Portfolio Pulse from Avi Kapoor

June 27, 2024 | 12:18 pm

SGHC

Super Group has announced the initiation of a dividend program, declaring its first cash dividend of $0.10 per share, payable on July 17, 2024. The company plans to pay regular dividends annually and intends to switch to quarterly payments starting in the first quarter of 2025, subject to Board approval.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:35 am