Streetbeat News

Dividends

HTCR

HeartCore Enterprises, Inc. (NASDAQ:HTCR) announced its first dividend payment of $0.02 per share, totaling $417,283. The decision follows a positive financial review and a recent cash influx from a Go IPO client warrant sale. The record date is April 26, 2024, with payment on May 3, 2024. Future dividends may be issued quarterly based on financial results. CEO Sumitaka Kanno Yamamoto highlighted the company's strong financial health and the Go IPO pipeline as key growth drivers.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:32 pm

ESCA

Escalade Inc (NASDAQ:ESCA) reported a Q4 FY23 sales decline of 9.2% YOY to $65.51 million, missing estimates. Despite softer consumer demand, improved demand in basketball and indoor games, and operational efficiencies led to a gross margin increase to 24.3% and an operating income increase to $5.0 million. The company announced a quarterly dividend of $0.15 per share, payable on April 22, 2024. CEO Walter P. Glazer, Jr. anticipates margin improvements in 2024 due to lower inventory costs and operational improvements. ESCA shares closed up 4.25% at $13.75.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 12:16 pm

PVH

PVH Corp. is anticipated to report higher Q4 earnings with an expected EPS of $3.52, up from $2.38 in the previous year. Despite this, projected quarterly revenue is slightly lower at $2.42 billion compared to $2.49 billion. The company declared a quarterly cash dividend of $0.0375 per share. Analysts from TD Cowen, Goldman Sachs, Wells Fargo, UBS, and BMO Capital have updated their ratings and price targets for PVH, with most maintaining positive outlooks and raising their price targets.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 12:11 pm

HPQ

MEI

XRX

Wall Street's most accurate analysts have provided their views on three high-dividend yielding tech stocks: Xerox Holdings Corporation (XRX), Methode Electronics, Inc. (MEI), and HP Inc. (HPQ). XRX has seen a full exercise of its over-allotment option for convertible senior notes and a series of financing transactions. MEI reported worse-than-expected Q3 financial results and suspended guidance. HPQ reported worse-than-expected Q1 sales results. Analyst ratings and price targets have been updated for these stocks.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 11:17 am

CRT

SOC

Two energy stocks, Sable Offshore Corp. (SOC) and Cross Timbers Royalty Trust (CRT), are highlighted as oversold according to their RSI values, indicating a potential buying opportunity. SOC's stock fell about 10% over the past month, with an RSI of 29.40, while CRT announced a cash distribution and saw a 24% decline in its stock, with an RSI of 28.10.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 11:16 am

FHN

First Horizon announced the redemption of its 6.10% Fixed to Floating Non-cumulative Perpetual Preferred Stock, Series D, and corresponding Series D Depositary Shares at $25.00 per share. The redemption does not include accrued dividends as the redemption date coincides with a dividend payment date. The regular semi-annual Series D dividend declared in January will be paid on May 1, 2024, to shareholders of record as of April 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:48 am

DWSN

Dawson Geophysical has announced a special cash dividend of $0.32 per share, totaling approximately $9.9 million. The dividend is payable on May 6, 2024, to shareholders of record as of April 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:04 am

ATAI

META

MNMD

PSIL

TSLA

Beckley Psytech and atai Life Sciences announced positive results from a Phase 2a study of 5-MeO-DMT for Treatment Resistant Depression. Utah hospitals will soon offer psilocybin and MDMA therapy. Elon Musk discussed the benefits of ketamine for depression and its positive impact on investors. Meta is under investigation for potentially facilitating illegal drug sales. MindMed's CEO highlighted LSD's potential in a podcast. Various companies and ETFs are mentioned with their stock performance.

Portfolio Pulse from Lara Goldstein

March 29, 2024 | 4:43 pm

KTF

DWS Municipal Income Trust has announced the termination of its fund, with plans to make a liquidating distribution to shareholders. Additionally, there will be an increase in the distribution rate to shareholders.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:44 pm

SSIC

Silver Spike Investment Corp. (NASDAQ:SSIC), a cannabis-focused finance company, reported its 2023 financial results, highlighting a net investment income of $6.6 million, or $1.07 per share, and a net asset value (NAV) per share decrease to $13.77. The company also announced a cash dividend of $0.25 per share, payable in March 2024, and the acquisition of the Chicago Atlantic Loan Portfolio, marking a strategic pivot. Despite a challenging environment for cannabis operators, SSIC's CEO remains optimistic about future investment opportunities.

Portfolio Pulse from Patricio Liddle

March 28, 2024 | 8:11 pm