Streetbeat News

Dividends

PSMT

PriceSmart shares surged following the announcement of better-than-expected Q2 results and a one-time special dividend of $1 per share.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:09 am

PSCC

PSL

WDFC

WD-40 Company (NASDAQ:WDFC) reported a mixed Q2 FY24 with a slight revenue miss at $139.1 million against a consensus of $140.5 million but saw a 7% Y/Y growth across all trade blocs. The company's EPS of $1.14 beat estimates of $1.11, and it announced a dividend of $0.88 per share. WD-40 also bought back shares worth $5.3 million and is focusing on its core products by selling its U.S. and U.K. Homecare and Cleaning Products portfolio. The FY24 EPS outlook was raised to $5.00-$5.30. WDFC shares dropped 1.51% to close at $255.11.

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 10:22 am

AVGO

KLG

ORAN

Fund managers Matt Burdett and Brian Leonard recommend Broadcom Inc (AVGO), Orange (ORAN), and WK Kellogg Co (KLG) as top dividend stocks for passive income. Burdett highlights AVGO's dividend growth and AI potential, and ORAN's cash flow and buyback potential post-merger. Leonard sees KLG's lower valuation and margin improvement as key advantages. These recommendations come amid mixed market correction signals, suggesting these stocks could provide stable income in volatile markets.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 9:02 am

SPY

A social media account, Dividend Growth Investor, shared a backtest comparing the outcomes of investing $1,000 annually in the SPDR S&P 500 ETF Trust (SPY) from 1993 to 2023 based on different timing strategies. The study aimed to demonstrate the impact of market timing on investment returns. Results showed that investing at the lowest price each year yielded the highest return, but the difference between strategies was not significant, suggesting that timing the market is less important than consistent, long-term investment.

Portfolio Pulse from Chris Katje

April 09, 2024 | 9:49 pm

PG

Procter & Gamble (P&G) has announced an increase in its quarterly dividend from $0.9407 to $1.0065, marking a significant move for investors and indicating the company's strong financial health.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:19 pm

PSMT

PriceSmart has declared a one-time special dividend of $1 per share, payable on April 30 to stockholders of record as of April 19.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:03 pm

OPFI

OppFi announced a $0.12 per share special dividend and a $20 million share repurchase program, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 7:59 pm

PSMT

PriceSmart, Inc. (NASDAQ:PSMT) is expected to release its Q2 earnings on April 9, 2024, with analysts projecting an earnings increase to $1.25 per share from $1.02 the previous year, and revenue of $1.28 billion. The company recently raised its annual dividend to $1.16 per share, yielding 1.39%. To earn a $500 monthly dividend income, an investor would need to own approximately 5,172 shares, valued around $432,017. The article also explains how dividend yield changes with stock price and dividend payment adjustments. PSMT's stock rose 0.7% to close at $83.53 recently.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 12:53 pm

BGS

K

SPTN

Wall Street's most accurate analysts have provided their views on three high-dividend yielding stocks in the consumer staples sector: Kellanova (K), SpartanNash Company (SPTN), and B&G Foods, Inc. (BGS). These stocks are considered defensive, offering investors stability through high dividend yields during market turbulence. Analyst ratings and price targets have been updated, reflecting a mix of hold, neutral, and underweight positions, with adjustments to price targets both upwards and downwards.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 11:56 am

OPFI

OppFi has declared a $0.12 per share special dividend and announced a $20M share repurchase program. This move indicates the company's confidence in its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 9:31 am