Streetbeat News

Dividends

TSM

Taiwan Semiconductor Manufacturing Company's (TSMC) board has approved an increase in the quarterly cash dividend to NT$3.50 per share for Q3 FY23, up from NT$3.00 in Q2 FY23 and NT$2.75 in Q3 FY22. The ex-dividend date is set for March 18, with the record date on March 24 and the distribution date on April 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:37 am

KMI

Kinder Morgan, Inc. (KMI) experienced volatility after reporting Q4 earnings that missed analyst estimates. Adjusted earnings were $0.28 per share, below the expected $0.30, and sales were $4.04 billion, missing the $4.41 billion estimate. Despite the miss, KMI increased its 2024 financial guidance post the STX Midstream acquisition, projecting higher earnings per share, DCF per share, and Adjusted EBITDA, with a lower leverage ratio by year-end 2024. The company's dividend expectation for 2024 remains at $1.15 per share.

Portfolio Pulse from Ryan Gustafson

January 17, 2024 | 10:51 pm

DHT

DHT Holdings, Inc. (NYSE:DHT) provided a business update estimating its P&L break-even level at $27,500 per day for 2024. The cash break-even level has improved to $18,600 per day for the fleet and $13,800 for the spot market fleet. This was achieved by pre-paying the Nordea credit facility installments for 2024 using the ING revolving credit facility. DHT commits to paying 100% of net income in dividends and expects discretionary cash flow after dividends to be about $76 million for 2024, which can be used for fleet investments or corporate purposes. The CEO expressed a positive market outlook and a focus on rewarding shareholders, maintaining high governance standards, and executing a strategic market approach.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:17 pm

OKE

ONEOK, Inc. has announced a 3.7% increase in its quarterly dividend, raising it to $0.99 per share.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:17 pm

KMI

Kinder Morgan (KMI) has updated its 2024 financial guidance to include the effects of acquiring STX Midstream assets. The company now expects a 15% increase in EPS to $1.22, an 8% increase in DCF per share to $2.26, and an 8% increase in Adjusted EBITDA to $8.16 billion for 2024. Despite these increases, Kinder Morgan's dividend expectation of $1.15 per share for 2024 remains the same, with a projected year-end Net Debt-to-Adjusted EBITDA ratio of 3.9 times.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:08 pm

ARE

BXP

DEI

EQIX

ESS

MPW

SAFE

SLG

VNO

VTR

Shares of Real Estate Investment Trusts (REITs) are trading lower due to an increase in Treasury yields. Higher yields can make dividend-paying assets like REITs less attractive to investors seeking income.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:41 pm

DEO

Diageo plc (NYSE:DEO) closed at $142.85 on Dec. 15, with a 52-week range of $135.63 to $190.02. The company reported a 5% increase in dividends for the final quarter and fiscal year over the previous year and expects to declare an interim dividend for FY ending June 2024 in January. The annualized dividend is $3.08, yielding 2.7%. To earn $1,000 per month from dividends, an investment of approximately $444,444 is needed. Diageo has transitioned to reporting in U.S. dollars and will declare future dividends in USD. The stock price was $145.28 on Dec. 22.

Portfolio Pulse from Shankar Iyer

January 17, 2024 | 5:44 pm

CLPR

CPT

Camden Prop Trust (NYSE:CPT) is distributing a $1.00 per share dividend with an annualized yield of 4.43%. The dividend reflects a steady increase from $3.32 in 2020 to $4.00 in 2023, while earnings per share also grew from $4.93 to $6.80 over the same period. This suggests a strong financial position and potential for continued dividend growth. Clipper Realty (NYSE:CLPR) has a higher yield at 7.35%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:05 pm

JCI

LII

Lennox Intl (NYSE:LII) is set to distribute a dividend of $1.10 per share on January 17, 2024, with an annualized yield of 1.05%. Shareholders as of December 28, 2023, will be eligible. The company has shown a consistent increase in dividends per share from $3.08 in 2020 to $4.36 in 2023, and a significant growth in earnings per share from $9.51 to $16.98 over the same period. This indicates a strong financial position and the potential to sustain dividend distributions. Johnson Controls Intl (NYSE:JCI) has a higher annualized dividend yield of 2.82% among industry peers.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:05 pm

ECO

NAT

Nordic American Tankers (NYSE:NAT) is distributing a $0.06 per share dividend today, with an annualized yield of 5.61%. The dividend trend from 2020 to 2023 has been positive, increasing from $0.45 to $0.49 per share. However, earnings per share have decreased from $0.62 in 2020 to $0.56 in 2023, raising concerns about future dividend sustainability. Okeanis Eco Tankers (NYSE:ECO) has the highest annualized dividend yield in the industry at 18.10%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:05 pm