Streetbeat News

Dividends

ADC

Agree Realty has announced an increase in its monthly common dividend from $0.247 to $0.250, signaling a positive outlook on its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:10 pm

ABEV

GILD

SBUX

Starbucks, Gilead Sciences, and Ambev have hit their 52-week lows, presenting potential buy-the-dip opportunities. Starbucks trades around $86.83 with a potential upside of 17.23%, Gilead at $69.32 with a 20.16% upside, and Ambev at $2.40 with a 32.51% upside, according to recent analyst ratings.

Portfolio Pulse from Surbhi Jain

April 08, 2024 | 6:47 pm

DIN

KSS

WEN

Wall Street's most accurate analysts recommend holding three consumer discretionary stocks with high dividend yields: Kohl's Corporation (KSS), The Wendy's Company (WEN), and Dine Brands Global, Inc. (DIN). These recommendations come amidst market turbulence, with each company showing significant dividend yields and recent financial performance updates.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 6:07 pm

AIRC

CSD

HAUS

Apartment Income REIT Corp. (AIRC) shares surged after announcing a deal to be acquired by Blackstone Inc. (BX) in a $10 billion all-cash transaction, including debt assumption. The purchase price of $39.12 per share is a 25% premium over AIRC's last closing price before the announcement. The deal, expected to close in Q3 2024, led to the suspension of AIRC's quarterly dividend and will result in AIRC's delisting from the NYSE. Investors can also gain exposure to AIRC through Tidal ETF Trust Residential REIT ETF (HAUS) and Invesco S&P Spin-Off ETF (CSD).

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 2:40 pm

AAPL

BTCUSD

ETHUSD

TSLA

The article covers a range of topics from cryptocurrency trends, including Bitcoin's surge as its halving approaches, to US and world politics, the US economy, tech innovations, electric vehicles, and more. Key highlights include Bitcoin, Ethereum, and Dogecoin's price movements, Ripple CEO's market prediction, and various political and economic developments in the US and globally. It also touches on tech updates like Apple's new initiatives and Tesla's focus on autonomy.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 12:49 pm

AMZN

GOOG

GOOGL

PFE

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Amazon's construction restart in Bellevue, Alphabet's top rank in 'America's Most Innovative Companies 2024,' and Pfizer's 6.3% dividend yield. Amazon's shares rose 2.8%, Alphabet's 1.3%, and Pfizer's 0.04%.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:36 pm

STZ

Constellation Brands, Inc. (NYSE:STZ) is set to release its Q4 earnings on April 11, 2024. The company offers a 1.34% annual dividend yield, equating to $3.56 per share annually. To earn $500 monthly from dividends, an investment of approximately $447,587 is required. Analysts expect STZ to report quarterly earnings of $2.09 per share, up from $1.98 per share year-over-year, with quarterly revenue projected at $2.1 billion. Barclays analyst Lauren Lieberman maintained an Overweight rating on STZ but lowered the price target from $296 to $294.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:17 pm

BPT

BP Prudhoe Bay Royalty Trust (NYSE:BPT) announced there will be no dividend payment for Q1 2024 due to the average daily closing WTI price being below the break-even price, resulting in a negative value for the payment calculation. The average Per Barrel Royalty was calculated as -$15.28, with average adjusted chargeable costs and production taxes contributing to the shortfall.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:12 pm

NLCP

New Lake Capital Partners (OTC:NLCP) is highlighted for its strong performance in the cannabis real estate sector, with a 16% stock increase over 90 days, an 8.7% dividend yield, and a conservative debt-to-equity ratio of 0.5. The company's real estate book is stable at $380 million, with a 5% increase in rental income to $12.7 million, and 100% rent collection. Analyst Pablo Zuanic of Zuanic & Associates maintains an Overweight rating on NLCP, citing its strategic market position, potential for growth in key markets, and the possibility of federal regulatory reforms benefiting the company.

Portfolio Pulse from Nicolás Jose Rodriguez

April 05, 2024 | 5:27 pm

AIRR

GBX

RZV

Greenbrier Companies, Inc. (NYSE:GBX) reported Q2 FY24 results with revenue of $862.7 million, surpassing consensus estimates but lower than the previous year. The company announced a dividend, provided an optimistic FY24 outlook, and reported a strong order backlog. Shares rose 1.47% to $53.17. Exposure to GBX can also be gained through ETFs AIRR and RZV.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 3:31 pm