Streetbeat News

Dividends

Micron Technology, Inc. (NASDAQ:MU) reported better-than-expected Q2 financial results and issued strong Q3 guidance, leading to a 6.3% increase in its stock price to $117.13. Analysts raised price targets following the earnings report. The company's dividend yield is 0.39%, equating to a quarterly dividend of 11.5 cents a share. To earn a monthly dividend income of $500, an investor would need to own approximately 13,043 shares, valued around $1,527,727.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 11:56 am

WDH

Waterdrop has announced a special cash dividend of $0.04 per ADS or $0.004 per ordinary share for 2023, payable in April-May 2024 to shareholders of record as of April 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:06 am

ESLT

Elbit Systems Ltd. (NASDAQ:ESLT) reported a Q4 FY23 revenue of $1.625 billion, surpassing the consensus of $1.525 billion, with significant order backlog and segment growth, despite a decline in profit margins and operating cash flows. Adjusted EPS was $1.56, above the consensus of $1.38. The company announced a dividend of $0.50 per share and expects non-cash expenses of $52 million due to the closure of an underperforming subsidiary.

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 9:47 am

SNX

TD SYNNEX Corporation (NYSE:SNX) is anticipated to release its Q1 earnings report on March 26, 2024, with expected earnings of $2.84 per share and quarterly revenue of $14.36 billion. The company recently appointed Miriam Murphy as the leader of its European business. TD SYNNEX offers a dividend yield of 1.52%, equating to a quarterly dividend of 40 cents a share. To earn a monthly dividend income of $500, an investor would need to own approximately 3,750 shares, valued around $395,400. The dividend yield and payment can fluctuate over time, impacting the income from dividends.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 6:09 am

ARR

ARMOUR Residential REIT, Inc. (NYSE:ARR) has announced a cash dividend of $0.24 per share for April 2024, with the record date set for April 15, 2024, and the payment date on April 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:19 pm

FINV

QFIN

Lufax Holding Ltd. (NYSE:LU) announced a special dividend of $2.42 per ADS, which is about half of its closing price of $4.48, following a significant reduction in its loan portfolio as part of a de-risking strategy. Despite this, investor enthusiasm remains low due to skepticism towards Chinese online lenders and concerns over China's economic slowdown. Lufax's shift towards higher quality borrowers and consumer lending, along with a reduction in geographical reach and operational costs, has not yet convinced investors of its long-term prospects.

Portfolio Pulse from The Bamboo Works

March 25, 2024 | 1:54 pm

AMD

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are gaining momentum as analysts predict a positive outlook for the altcoin market and a potential rise in Bitcoin's value to $70K. In the US markets, stocks such as Esperion Therapeutics and Masimo are moving higher in pre-market sessions, despite a fall in investor sentiment. Political developments include potential actions by Trump regarding a bankruptcy trigger and Biden's comments on Trump's golf skills. In technology, AMD and Nvidia show divergent premarket movements, while China plans to replace AMD and Intel chips and Microsoft Windows in state computers. Tesla faces scrutiny over its production and valuation, but also sees developments with its Cybertruck and team. Boeing's labor union seeks a board voice, and Cathie Wood's Ark invests further in Tesla while selling a Bitcoin-linked stock. Other notable mentions include developments in Ukraine, Facebook, Nissan's electrification plans, and energy sector movements.

Portfolio Pulse from Akanksha Bakshi

March 25, 2024 | 12:51 pm

ASC

KRP

NAT

Wall Street's most accurate analysts recommend buying three energy stocks with high dividend yields: Nordic American Tankers Limited (NAT), Kimbell Royalty Partners, LP (KRP), and Ardmore Shipping Corporation (ASC). These stocks offer dividend yields ranging from 5.14% to 12.21%. Analysts from Jefferies, B. Riley Securities, Raymond James, Keybanc, and Stifel have provided ratings and price targets for these stocks, highlighting their potential despite recent market turbulence.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 10:34 am

YOU

CLEAR announced a special cash dividend and an increase in its share repurchase authorization, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 6:27 pm

FDX

LULU

NKE

NKTX

NVDA

TLT

Stocks slightly retreated in New York's morning session on Friday, with the S&P 500 nearing its best week of 2024 after a dovish Federal Reserve meeting. Nvidia Corp. rallied for the 11th week, while Bitcoin and gold saw declines. The iShares 20+ Year Treasury Bond ETF rose, and major indices showed mixed results. Notable stock movements included Nike's drop due to a revenue decline forecast, FedEx's rise after exceeding earnings expectations and announcing a buyback program, Lululemon's fall despite positive earnings, and Nkarta's decline after price target cuts.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 5:55 pm