Streetbeat News

Dividends

CTRE

CareTrust REIT has increased its quarterly dividend from $0.28 to $0.29 per share, payable to stockholders of record by March 28, 2024, with payment expected around April 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:02 am

SAIC

Science Applications International Corporation (NASDAQ:SAIC) is anticipated to report lower Q4 earnings with an expected EPS of $1.46, down from $2.04 year-over-year, and a projected revenue of $1.64 billion, compared to $1.97 billion. A dividend of 37 cents per share is declared, payable on April 26, 2024. Analysts have adjusted their ratings and price targets, reflecting a mixed outlook.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 6:08 am

BTCUSD

The weekend financial news roundup covered topics from Bitcoin's potential to address the U.S. national debt, Edward Snowden's critique of Janet Yellen, to the unexpected rise in inflation affecting Federal Reserve decisions. Coinbase CEO Brian Armstrong suggested Bitcoin as a solution to the national debt crisis. Edward Snowden highlighted a contradiction in Yellen's statements regarding U.S. financial capabilities. Inflation rates exceeding expectations in February 2024 are likely to influence the Federal Reserve's upcoming decisions, with persisting inflation adding pressure on Fed Chair Jerome Powell. Additionally, Dave Ramsey criticized the traditional retirement paradigm, advocating for a re-evaluation of life and financial planning.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 10:45 am

LIAN

LianBio (LIAN) shares surged 84% to $0.35 amid volatility following the company's late February announcement to delist its ADSs from the Nasdaq Global Market. The decision, part of a strategic review, includes winding down operations, deregistering shares, and returning value to shareholders through asset sales, out-licensing, and dividends. A $4.80 special dividend was declared.

Portfolio Pulse from Henry Khederian

March 15, 2024 | 7:44 pm

QQQI

QYLD

SPYI

The NEOS Nasdaq-100 High Income ETF (QQQI) aims to offer high monthly income and tax efficiency by replicating the Nasdaq-100 Index and using out-of-the-money covered call strategies. It's introduced by the same team behind the successful NEOS S&P 500 High Income ETF (SPYI), which outperformed other S&P 500 covered call ETFs in 2023. QQQI's strategy differs from the GlobalX Nasdaq 100 Covered Call ETF (QYLD) by aiming for higher income and potential share price appreciation. Early performance shows promising results with a higher distribution yield compared to QYLD.

Portfolio Pulse from Austin Hankwitz

March 15, 2024 | 7:32 pm

STLD

Steel Dynamics, Inc. (NASDAQ:STLD) shares rose after the company provided positive Q1 2024 earnings guidance, expecting EPS of $3.51 to $3.55, above the street view of $3.35. The increase is attributed to stronger steel operations, higher shipments, and earnings across the platform, particularly from flat rolled steel operations and metals recycling. The company also announced an 8% dividend increase and repurchased $279 million in shares. STLD shares are up 2.19% at $135.06.

Portfolio Pulse from Lekha Gupta

March 15, 2024 | 4:58 pm

SWI

SolarWinds announced a special cash dividend of $1.00 per share, payable on April 15, 2024, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 3:19 pm

OLN

WLKP

Olin Corporation (NYSE:OLN) announced a dividend payout of $0.20 per share with an annualized yield of 1.56%, payable on March 15, 2024, to shareholders of record as of March 06, 2024. The company has maintained a stable dividend per share of $0.80 from 2020 to 2023, alongside an upward trend in earnings per share from $-1.10 to $4.54 over the same period. This reflects Olin's financial health and its ability to sustain profit distributions. Westlake Chemical (NYSE:WLKP) is noted for having the highest annualized dividend yield among peers at 8.38%.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:05 pm

GPI

MNRO

Group 1 Automotive (NYSE:GPI) announced a dividend payout of $0.47 per share with an annualized yield of 0.68%, for shareholders on record as of February 29, 2024. The company has shown a steady increase in dividend per share from $1.33 in 2021 to $1.80 in 2023, alongside a significant growth in earnings per share from $15.41 to $45.59 from 2021 to 2023. This indicates a strong financial position and a potential for continued dividend increases. Monro (NASDAQ:MNRO) has the highest annualized dividend yield at 3.94% among its peers.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:05 pm

EVC

IPG

Interpublic Gr of Cos (IPG) announced a dividend payout of $0.33 per share with an annualized yield of 4.09%. The dividend reflects a positive trend in the company's financial health, with steady increases in dividend per share from $1.02 in 2020 to $1.24 in 2023, and earnings per share growth from $1.75 to $2.84 over the same period. Entravision Comms (EVC) leads the industry with a 14.49% dividend yield.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:05 pm