Streetbeat News

Dividends

SPTN

SpartanNash (NASDAQ:SPTN) announced a quarterly dividend of 21.75 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, payable on March 28, 2024.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:45 pm

ALCO

BG

CALM

GNLN

HLF

The article highlights notable value stocks in the consumer defensive sector, focusing on companies with low P/E ratios, indicating potential undervaluation. Bunge Global (BG), Alico (ALCO), Cal-Maine Foods (CALM), Greenlane Holdings (GNLN), and Herbalife (HLF) are identified as value stocks based on their P/E ratios and recent financial performance, including changes in earnings per share and dividend yields. The analysis is provided by Benzinga Insights to offer investors additional insights into the sector.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:40 pm

CLW

HCC

ORGN

SUZ

UAN

The article highlights notable value stocks in the basic materials sector, focusing on companies with low P/E multiples, indicating potential undervaluation. Suzano, Origin Mat, Clearwater Paper, Warrior Met Coal, and CVR Partners are featured for their recent financial performances, including earnings per share and, for CVR Partners, dividend yield changes.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:39 pm

SWBI

Smith & Wesson Brands, Inc (NASDAQ:SWBI) shares rose after reporting a 6.5% year-on-year sales growth to $137.5 million in Q3 FY24, surpassing analyst estimates. Despite a contraction in gross margin and a decrease in operating income, adjusted EPS of $0.19 exceeded expectations. The company also announced a $0.12 per share quarterly dividend. SWBI shares are up 9.45% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 08, 2024 | 2:29 pm

ORCL

Oracle Corporation (NYSE:ORCL) is anticipated to release its Q3 earnings on March 11, 2024, with expected earnings of $1.38 per share and projected revenue of $13.31 billion. The company, having been selected by SmarTone Telecommunications for a system upgrade, offers a dividend yield of 1.40%. To earn $500 monthly from dividends, an investment of approximately $429,525 is required. Oracle's stock price recently increased by 2% to close at $114.54.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 1:50 pm

BGS

MO

PM

Wall Street's most accurate analysts have provided their views on three high-yielding consumer staples stocks: Altria Group, Inc. (MO), B&G Foods, Inc. (BGS), and Philip Morris International Inc. (PM). These stocks offer dividend yields of 9.43%, 6.87%, and 5.68% respectively. The ratings range from Equal-Weight to Buy, with price targets reflecting analysts' expectations. Recent news includes Altria's board retirement, B&G Foods' positive financial results, and Philip Morris's investment in women's empowerment.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 12:39 pm

HFBL

Home Federal Bancorp, Inc. of Louisiana (HFBL) announced it has received regulatory approval for a $10.0 million dividend from Home Federal Bank and has also been approved for a stock repurchase program. The dividend will be paid in four quarterly installments in 2024, and the repurchase program allows for up to 60,000 shares, or about 2.0% of the company's outstanding common stock, to be repurchased.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:03 pm

ASO

Academy Sports and Outdoors (ASO) has announced a 22% increase in its quarterly cash dividend, from $0.09 to $0.11 per share, payable on April 18, 2024, to stockholders of record as of March 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:12 pm

CYT

Cyteir Therapeutics, Inc. (NASDAQ:CYT) announced its intent to delist its common stock from the Nasdaq Global Select Market, with trading suspension effective before the market opens on March 18, 2024. This move precedes the company's filing of a certificate of dissolution on March 20, 2024, and the closure of its stock transfer books. The official delisting is expected to be effective on March 28, 2024. This decision is part of Cyteir's Plan of Complete Liquidation and Dissolution, approved by its board and stockholders, due to the costs and burdens of being a publicly traded company amidst its planned dissolution.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:53 pm

GPS

Gap Inc (NYSE:GPS) reported Q4 earnings with a revenue increase of 1% year-over-year to $4.30 billion, surpassing the consensus estimate of $4.22 billion. Earnings per share were 49 cents, significantly up from a loss of 75 cents in the prior year's quarter, beating estimates of 23 cents per share. Comparable sales remained flat, with Old Navy sales up 6% and Gap, Banana Republic, and Athleta sales down. The company announced a first-quarter dividend of 15 cents per share and expects flat net sales for Q1 and full-year 2024, with margin expansions. Gap shares rose 8.43% after hours to $20.95.

Portfolio Pulse from Adam Eckert

March 07, 2024 | 9:50 pm