Streetbeat News

Dividends

WOR

Worthington Enterprises, Inc. (NYSE:WOR) has announced an increase in its quarterly dividend from $0.16 to $0.17 per share, a 6.25% rise. The dividend will be payable on September 27, 2024, to shareholders of record on September 13, 2024. The company has consistently paid a quarterly dividend since its IPO in 1968.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:54 pm

DEC

Diversified Energy Company PLC (NYSE:DEC) has completed the acquisition of certain assets from Oaktree Capital Management. Truist Securities initiated coverage with a Buy rating and a price target of $18, citing high free cash flow yield, fixed dividend, and upcoming addition to the Russell 2000. The company has a lower base production decline compared to its peers and a strong track record of acquisitions.

Portfolio Pulse from Priya Nigam

June 25, 2024 | 4:36 pm

POOL

Pool Corporation (NASDAQ:POOL) shares are falling after the company cut its FY24 EPS guidance and projected declines in new pool units and remodeling activity. The company also warned of lower sales levels impacting Q2 FY24 results and noted a decrease in discretionary pool spending due to the macroeconomic environment. Despite these challenges, Pool increased its share repurchase program and raised its quarterly dividend.

Portfolio Pulse from Lekha Gupta

June 25, 2024 | 4:11 pm

BGS

CAG

MO

Wall Street's most accurate analysts have spotlighted three high-dividend yielding stocks in the consumer staples sector: B&G Foods, Altria Group, and Conagra Brands. These stocks are favored during market turbulence for their high free cash flows and dividend payouts. Recent analyst ratings and news updates for each company are provided.

Portfolio Pulse from Avi Kapoor

June 25, 2024 | 12:42 pm

TEVA

Teva has reached an agreement with the Israel Tax Authority to resolve all pending litigation by agreeing to pay $750 million in installments from 2024 to 2029. Additionally, Teva will pay an extra 5%-7% in corporate taxes on any future dividends or equity repurchases, up to $500 million.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:02 pm

WOR

Worthington Enterprises (NYSE: WOR) is set to release its Q4 earnings, with analysts expecting a significant drop in earnings per share and revenue compared to the previous year. The company recently completed the acquisition of Hexagon Ragasco and offers a 1.25% annual dividend yield. Investors can earn $500 monthly from dividends with an investment of approximately $480,656.

Portfolio Pulse from Avi Kapoor

June 25, 2024 | 12:00 pm

LLY

Eli Lilly shares rose on Monday following positive Phase 3 trial results for its weight loss drug, tirzepatide, marketed as Zepbound. The trials showed significant improvements in patients with moderate-to-severe obstructive sleep apnea (OSA) and obesity. Analysts responded positively, reiterating and raising price targets. Additionally, Eli Lilly declared a third-quarter dividend of $1.30 per share.

Portfolio Pulse from Vaishali Prayag

June 24, 2024 | 8:18 pm

IBM

Goldman Sachs analyst James Schneider has initiated coverage on IBM with a Buy rating and a price target of $200. Schneider believes the current cyclical correction in the IT sector, driven by IT spending constraints and a shift towards AI-focused CapEx, presents an opportunity for IBM. Despite concerns about Generative AI's impact on the IT Services sector, Schneider is optimistic about IBM's potential to gain market share. IBM's dividend yield is 4.24%, and the company has buyback programs that support its share price.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 5:52 pm

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