Streetbeat News

Dividends

SNFCA

Security National Financial Corporation (NASDAQ:SNFCA) has announced a 5% stock dividend authorized by its Board of Directors. The dividend is for stockholders of record on July 5, 2024, and will be issued on July 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:34 pm

PUK

Prudential plc (NYSE:PUK) has announced a $2 billion share buyback program, leading to a 7.97% increase in its stock price. The company aims to complete the buyback by mid-2026 and expects its 2024 annual dividend to grow by 7-9%. Prudential's free surplus ratio is currently at 242%, well above its target range of 175-200%.

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 4:24 pm

CNK

Cinemark Holdings Inc (NYSE:CNK) has been upgraded by Roth MKM analyst Eric Handler from Neutral to Buy, with a price target increase from $19 to $26. The upgrade is based on strong box office performance, debt reduction plans, and potential capital returns, including a possible dividend reinstatement.

Portfolio Pulse from Chris Katje

June 24, 2024 | 3:30 pm

LDOS

LNG

ORCL

XLV

On CNBC's 'Halftime Report Final Trades,' analysts discussed their top stock picks. Oracle Corporation (NYSE:ORCL) plans to invest over $1 billion in AI and cloud computing in Spain but missed Q4 revenue and earnings estimates. The Health Care Select Sector SPDR Fund (NYSE:XLV) was recommended by Shannon Saccocia. Cheniere Energy, Inc. (NYSE:LNG) announced a $4 billion increase in its repurchase program and a 15% dividend hike. Leidos Holdings, Inc. (NYSE:LDOS) received a $738 million contract and reported strong Q1 results.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 12:59 pm

FDX

FedEx Corporation (NYSE:FDX) is set to release its Q4 earnings, with analysts expecting an increase in EPS and revenue. The company has announced a restructuring plan in Europe to cut costs by reducing 1,700 to 2,000 positions. FedEx's current dividend yield is 2.18%, translating to a quarterly dividend of $1.38 per share. Investors would need to own approximately 1,087 shares to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 12:43 pm

KSS

WEN

WHR

Wall Street's most accurate analysts have provided their latest ratings on three high-yielding consumer discretionary stocks: Kohl’s Corporation (KSS), Whirlpool Corporation (WHR), and The Wendy’s Company (WEN). These stocks offer dividend yields of over 6%, making them attractive to investors seeking income during market turbulence.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 12:09 pm

CABO

OMC

SSTK

Wall Street's most accurate analysts have spotlighted three high-dividend-yielding stocks in the tech and telecom sectors: Shutterstock, Omnicom Group, and Cable One. These stocks are favored for their high free cash flows and substantial dividend payouts. Recent analyst ratings and company news are highlighted for each stock.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 1:22 pm

PRGS

Progress Software Corporation (NASDAQ:PRGS) is set to release its Q2 earnings report on June 25. Analysts expect a decrease in earnings per share from $1.06 to $0.95 and revenue of $168.42 million. The company has a dividend yield of 1.45%, translating to a quarterly dividend of $0.175 per share. To earn $500 monthly from dividends, an investor would need to own approximately 8,571 shares, worth around $413,122. PRGS shares recently fell 1.6% to $48.20.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 1:06 pm

DRI

Darden Restaurants, Inc. (NYSE:DRI) reported better-than-expected Q4 earnings and increased its quarterly dividend. Sales grew 6.8% Y/Y to $2.957 billion, missing estimates. Adjusted EPS of $2.65 topped consensus. The company declared a quarterly cash dividend of $1.40 per share. Analysts revised their price targets: Stifel cut to $180, B of A Securities raised to $185, and Stephens & Co. maintained at $165.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 1:05 pm

CRLBF

CURLF

IIPR

NLCP

TCNNF

New Lake Capital Partners (OTC:NLCP) has seen an 11% rise in stock price over the past 90 days due to strategic investments in cannabis-focused real estate. The company recently invested $16 million in a Connecticut property, expanding its portfolio to 31 properties valued at $385 million. Key tenants include Curaleaf, Cresco Labs, Trulieve, and others. NLCP's financial health is bolstered by a strong cash position, a recent dividend increase, and a competitive valuation compared to peers like Innovative Industrial Properties (NYSE:IIPR).

Portfolio Pulse from Nicolás Jose Rodriguez

June 21, 2024 | 1:01 pm