Streetbeat News

Dividends

Everest Group (NYSE:EG) announced a quarterly dividend of $1.75 per share, going ex-dividend on Monday. Shareholders owning the stock by the end of Friday are eligible for the payout on March 27, 2024. The stock is expected to open $1.75 lower on Monday due to the dividend payout.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:45 pm

DMB

Friday is the last day for investors to buy BNY Mellon Municipal Bond (NYSE:DMB) to be eligible for its next dividend payout. The company announced a monthly dividend of 3 cents per share, with the ex-dividend date on Monday. Stocks will trade lower by the dividend amount on the ex-dividend date. The dividend will be paid on April 01, 2024.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:45 pm

SWZ

Swiss Helvetia Fund (NYSE:SWZ) announced a quarterly dividend of 12.9 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday are eligible for the dividend, to be paid on March 28, 2024. The stock is expected to open 12.9 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:45 pm

AGCO

BWEN

CRESY

GRNQ

UAL

Benzinga Insights identifies AGCO, Broadwind, Greenpro Capital, United Airlines Holdings, and Cresud SACIF as notable value stocks in the industrials sector based on their low P/E ratios. AGCO, Broadwind, and Cresud SACIF reported a decrease in earnings per share in their latest quarters, while Greenpro Capital reported a loss. United Airlines also saw a decrease in earnings per share. Dividend yields for AGCO and Cresud SACIF have decreased.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:41 pm

LEN

Lennar Corporation (NYSE:LEN) is anticipated to report an increase in Q1 earnings to $2.20 per share from $2.06 the previous year, with projected revenue of $7.39 billion. The company recently increased its dividend and announced a $5 billion repurchase authorization. Shares rose 1.1% to $165.97. Analyst ratings vary, with price targets ranging from $130 to $165 and ratings from Neutral to Overweight.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 2:38 pm

CIG

ENIC

TAC

VIA

Benzinga Insights identifies Hawaiian Electric Indus (HE), Via Renewables (VIA), Cia Energetica DE Minas (CIG), TransAlta (TAC), and Enel Chile (ENIC) as value stocks in the utilities sector based on low P/E multiples. The article provides recent financial performance including changes in earnings per share and dividend yields for each company.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:38 pm

GXAI

VJET

WSM

U.S. stocks traded mixed with the Nasdaq Composite down and the Dow up. Williams-Sonoma reported better-than-expected earnings and announced a new $1 billion stock repurchase and dividend increase. Gaxos.ai surged after acquiring AI technology rights, while voxeljet announced a voluntary Nasdaq delisting. Energy shares led gains, while information technology shares lagged.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 1:49 pm

WSM

Williams-Sonoma's stock is trading higher following the announcement of better-than-expected Q4 earnings, a new $1 billion stock repurchase authorization, and an increased quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:23 pm

WKC

World Kinect (WKC) anticipates generating $900M-$1.2B in total free cash flow over the next five years, aiming to return approximately 40% of this to shareholders via buybacks and dividends, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:11 pm

EVCM

EverCommerce Inc. (NASDAQ:EVCM) is divesting its fitness solutions, including ClubOS, ASF, ClubWise, and My PT Hub, to Jonas Software. The fitness solutions, which represent less than 4% of EverCommerce's 2023 revenue, are being sold to allow EverCommerce to focus on higher growth, larger market opportunities. The transaction is expected to close in two parts, with the North American businesses already closed and the international businesses expected to close in Q3 2024. EverCommerce's CEO Eric Remer believes this move is beneficial for customers, employees, and investors by leveraging Jonas Software's larger scale.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:11 pm