Streetbeat News

Dividends

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

WLY

Wiley's Board of Directors has announced an increase in the quarterly dividend to $0.3525 per share.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:34 am

SM

SM Energy has approved an 11% increase in its fixed quarterly dividend policy, raising the dividend from $0.18 to $0.20 per share. This change is expected to commence in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:24 am

AJX

COLB

OMF

Wall Street's most accurate analysts have spotlighted three high-dividend-yielding financial stocks: OneMain Holdings, Columbia Banking System, and Great Ajax Corp. Analysts have provided updated ratings and price targets for these stocks, reflecting their performance and potential in the market.

Portfolio Pulse from Avi Kapoor

June 27, 2024 | 11:17 am

MKC

McCormick reaffirms its FY24 outlook, expecting sales to range from -2% to 0% and adjusted EPS of $2.80 to $2.85. The company anticipates improved volume trends and strong cash flow, with significant returns to shareholders through dividends.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:34 am

LEVI

Levi Strauss & Co (NYSE:LEVI) reported mixed Q2 results with earnings beating estimates but sales slightly missing expectations. Despite positive growth in DTC and e-commerce, weak guidance for fiscal year 2024 led to a 12.85% drop in after-hours trading.

Portfolio Pulse from Erica Kollmann

June 26, 2024 | 8:56 pm

SPY

XLF

The Federal Reserve announced that major banks have passed the latest stress tests, indicating their resilience in adverse economic conditions. This paves the way for potential higher payouts to shareholders.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:30 pm