Streetbeat News

Dividends

COLB

CSWC

OMF

Wall Street's most accurate analysts have provided their ratings on three high-yield financial stocks: Columbia Banking System, OneMain Holdings, and Capital Southwest Corporation. These stocks offer dividend yields over 7% and have received various ratings and price target updates from top analysts.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 11:38 am

FDX

FedEx Corp. (NYSE:FDX) has announced a 10% increase in its annual dividend rate, raising it from $1.26 to $1.38 per share. The quarterly cash dividend of $1.38 per share will be payable on July 9, 2024, to stockholders of record on June 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:17 pm

FSK

HGTY

PNNT

SAR

TIGR

Five financial stocks, UP Fintech Holding Ltd (TIGR), PennantPark Investment Corp (PNNT), Saratoga Investment Corp (SAR), FS KKR Capital Corp (FSK), and Hagerty Inc (HGTY), are identified as overbought with high RSI values, indicating potential short-term price declines.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 12:42 pm

KNTK

KRP

STR

Wall Street's most accurate analysts have provided their ratings on three high-yielding energy stocks: Kimbell Royalty Partners (KRP), Kinetik Holdings (KNTK), and Sitio Royalties (STR). These stocks offer dividend yields over 7% and have received various ratings and price target adjustments from top analysts.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 12:12 pm

Altria Group, Inc. (NYSE:MO) declared a regular quarterly dividend of 98 cents per share, payable on July 10. Despite a 2.5% year-over-year sales decline in Q1 FY24, Altria beat analyst estimates. The company has a dividend yield of 8.39%, making it attractive for dividend-seeking investors. To earn $500 monthly from Altria's dividends, an investor would need approximately 1,531 shares, equating to $71,498. The dividend yield and payment can fluctuate over time.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 12:02 pm

Noble Corporation (NYSE: NE) is set to acquire Diamond Offshore Drilling (NYSE: DO) in a stock-plus-cash deal valued at $15.52 per share, representing an 11.4% premium over Diamond's closing price on June 7, 2024. The transaction is expected to close by Q1 2025. Noble will also increase its quarterly dividend by 25% to $0.50 per share starting Q3 2024. The deal is anticipated to generate $100 million in annual pre-tax cost synergies and boost Noble's free cash flow per share.

Portfolio Pulse from Lekha Gupta

June 10, 2024 | 11:31 am

TSLA

Elon Musk has pledged to prioritize longtime shareholders of his companies, including Tesla, Inc. (NASDAQ:TSLA), in future IPOs of his private ventures. Venture capitalist Vinod Khosla responded by advocating for dividends for Tesla's long-term shareholders. Tesla currently does not offer dividends, making it an outlier among major tech companies.

Portfolio Pulse from Anan Ashraf

June 10, 2024 | 8:41 am

MNDY

PANW

SMR

VRT

Jim Cramer expressed concerns about Palo Alto Networks (PANW) despite its recent earnings beat, recommended buying more Vertiv Holdings (VRT), praised Monday.com (MNDY) for its strong financial results, and noted that NuScale Power (SMR) is a good company but will take years to show returns.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 1:13 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is set to unveil significant advancements at its annual Worldwide Developers Conference (WWDC) from June 10-14, 2024, including new AI-powered features and a new app called 'Passwords'. Investors are eyeing potential gains from Apple's dividends, which currently offer an annual yield of 0.51%. To earn $500 per month from dividends, an investment of approximately $1,166,880 is required.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 12:55 pm

ASO

Top Wall Street analysts have updated their expectations for Academy Sports and Outdoors (NASDAQ:ASO) ahead of its second-quarter earnings release. Analysts predict earnings of $1.24 per share, down from $1.30 last year, and revenue of $1.38 billion. The company recently declared a quarterly dividend and added Scott Boatwright to its Board of Directors. Analyst ratings remain largely positive, with price targets ranging from $65 to $83.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 12:29 pm