Streetbeat News

Dividends

SBGI

TDS

VZ

Wall Street's most accurate analysts have provided their views on three high-dividend-yielding stocks in the tech and telecom sectors: Sinclair, Inc. (SBGI), Verizon Communications Inc. (VZ), and Telephone and Data Systems, Inc. (TDS). Analysts have given mixed ratings and price targets for these stocks, reflecting their performance and recent financial results.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 12:49 pm

BRK.A

CB

Chubb Limited (NYSE: CB) saw a significant increase in its stock price following a dividend hike and a substantial investment by Berkshire Hathaway. The company's shareholders approved a 5.8% increase in the dividend to $0.91 per share. Additionally, Berkshire Hathaway's $6.7 billion stake in Chubb further boosted investor confidence.

Portfolio Pulse from Vaishali Prayag

May 17, 2024 | 8:18 pm

SLVM

Sylvamo has announced an increase in its quarterly dividend from $0.30 to $0.45.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 8:15 pm

O

Realty Income Corporation (NYSE: O) has announced an increase in its monthly cash dividend from $0.2570 to $0.2625 per share, payable on June 14, 2024. This marks the 125th dividend increase since its NYSE listing in 1994.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 8:07 pm

CBRL

DUO

GME

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares fell 14.4% after the company reduced its dividend and lowered its third and fourth-quarter expectations. Other notable stock movements include Fangdd Network Group Ltd. (NASDAQ:DUO) jumping 258.6% and GameStop Corp (NYSE:GME) falling 22.6% after releasing preliminary first-quarter results.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 6:18 pm

CB

Chubb shares are trading higher after the company increased its quarterly dividend. Additionally, Berkshire Hathaway added a stake of 25.92 million shares of the stock.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 4:09 pm

NDSN

Nordson Corporation (NASDAQ:NDSN) is set to release its Q2 earnings on May 20, coinciding with Daniel Hopgood's start as EVP and CFO. Analysts expect earnings of $2.31 per share and revenue of $661.41 million. The company offers an annual dividend yield of 1.01%, translating to $2.72 per share annually. To earn $500 monthly from dividends, an investment of approximately $596,855 is needed. Shares of Nordson recently fell 1.5% to $270.56.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:42 pm

AES

SO

WTRG

Wall Street's most accurate analysts recommend three utilities stocks with over 3% dividend yields: Essential Utilities, The AES Corporation, and The Southern Company. These stocks are favored for their high free cash flows and consistent dividend payouts.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:36 pm

WMS

Advanced Drainage Systems (NYSE:WMS) reported strong Q4 results, beating earnings and sales estimates, and raised its dividend by 14%. Despite the positive results, shares fell 2.1%. Analysts have raised their price targets for the stock.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:29 pm

CBRL

Cracker Barrel shares are trading lower after the company reduced its dividend and said it expects Q3 and Q4 results below its prior expectations.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 11:25 am