Streetbeat News

Dividends

MPW

Medical Properties Trust, Inc. (MPW) shares rose after selling its majority interest in five Utah hospitals, retaining a 25% stake in a new joint venture. The deal provided MPW with $1.1 billion in cash, expected to reduce debt and pay off a $300 million loan. MPW also declared a quarterly dividend of $0.15 per share. Analysts have mixed views on MPW, with a 1-year price target averaging $4.38, indicating a potential downside.

Portfolio Pulse from Erica Kollmann

April 15, 2024 | 2:15 pm

ITRN

Ituran Location and Control Ltd. has announced an increase in its dividend to 6%, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:43 pm

AMGN

DXY

SHEL

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Shell plc (SHEL) for its 12% free cash flow yield and updated FY24 operational outlook, Amgen Inc. (AMGN) for its 3.2% dividend yield and maintained $320 price target by Truist Securities, and the U.S. Dollar Index (DXY) as a pick by Jim Lebenthal. Shell's operational outlook includes adjustments in production and LNG liquefaction volumes, while Amgen's stock was noted for achieving a 52-week high of $329.72 on Feb. 5. Price actions saw Shell and Amgen shares falling slightly, with the U.S. Dollar Index also experiencing a minor drop.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 12:29 pm

MS

Morgan Stanley (NYSE:MS) is anticipated to release its Q1 earnings on April 16, 2024, with expected earnings of $1.66 per share and revenue of $14.41 billion. JMP Securities analyst Devin Ryan has reiterated a Market Perform rating. The article also explores how to generate a monthly income of $500 from Morgan Stanley's dividends, requiring ownership of approximately 1,765 shares, based on the current dividend yield of 3.94%.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 12:22 pm

ERIC

MEI

XRX

Wall Street's most accurate analysts have provided their views on three high-yielding tech stocks: Xerox Holdings Corporation (XRX), Telefonaktiebolaget LM Ericsson (ERIC), and Methode Electronics, Inc. (MEI). XRX has a dividend yield of 5.93% with mixed analyst ratings and a recent partnership in Peru and Ecuador. ERIC, with a 5.11% yield, received downgrades amid news of its effective anti-corruption compliance program. MEI offers a 4.47% yield, with recent coverage initiations and downgrades, alongside news of its CFO's retirement.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 12:20 pm

AON

Aon plc (NYSE:AON) announced a 10% increase in its quarterly cash dividend, raising it from $0.6150 to $0.675 per share. The new dividend rate is payable on May 15, 2024, to shareholders of record as of May 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:31 pm

QMCO

Quantum Corporation (NASDAQ:QMCO) provided a business update including a Q4 2024 liquidity update, revealing $26.1M in cash and equivalents, $87.9M in term loan debt, and $26.6M in revolving credit borrowings. The company also reported a $4.1M interest expense for Q4. Quantum announced a transaction post-Q4, selling service inventory assets for $15M to pay down $12.3M in debt, aiming to improve financial flexibility. Additionally, Quantum completed a new ERP system implementation, expected to reduce capital expenditures and increase operational efficiencies. Quantum is working to avoid Nasdaq delisting, with a hearing scheduled for May 14, 2024. Marc E. Rothman will retire from the board by August 31, 2024, or the 2024 annual meeting date, with a search for a new director underway.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:10 pm

BAC

Bank of America Corp (NYSE:BAC) shares fell 1.3% amid broader financial sector declines following major U.S. banks' first-quarter earnings reports. Despite the sector exceeding earnings and revenue expectations, BAC's stock experienced a downturn. JPMorgan Chase & Co. notably surpassed expectations with significant earnings and revenue. Bank of America pays a dividend yielding 3.1% annually and has a 52-week trading range between $38.35 and $24.96.

Portfolio Pulse from Henry Khederian

April 12, 2024 | 6:29 pm

AAPL

Apple Inc (AAPL) is anticipated to report its Q2 financial results on May 2, 2024. Analysts predict a strong second half of fiscal 2024, despite an expected 11% year-over-year decline in iPhone revenue to $45.9 billion. Goldman Sachs analyst Michael Ng maintains a Buy rating on Apple but lowers the price target from $232 to $226. The report highlights potential catalysts including the WWDC event, AI product reveals, new product launches, and the iPhone 16 cycle. Services revenue is expected to grow by 14% to $23.9 billion, with AppleTV+ also showing strength. Apple is expected to raise its quarterly dividend and announce a new share buyback program.

Portfolio Pulse from Chris Katje

April 12, 2024 | 4:51 pm

AGX

Argan Inc (NYSE:AGX) stock surged after reporting a 38.5% year-on-year sales growth in Q4 FY24 to $164.55 million, surpassing analyst expectations. Gross profit rose 18% to $23.6 million despite a contraction in profit margin. Operating income increased 22.6% with a $412.4 million cash reserve. EPS of $0.89 beat estimates, and a quarterly dividend of $0.30 per share was declared. The company is optimistic about its project pipeline in renewable and natural gas-fired projects.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 3:01 pm