Streetbeat News

Dividends

MEDS

TRxADE HEALTH, Inc. (NASDAQ:MEDS) announced a special cash dividend of $8 per share, funded by the sale of its web-based market platform assets. The dividend is payable to stockholders of record as of March 18, with payment on March 22. Following the announcement, MEDS shares surged 82.5% to $15.20, with trading volume exceeding 4.11 million shares, significantly above the 100-day average of less than 232,000 shares.

Portfolio Pulse from Erica Kollmann

March 06, 2024 | 5:00 pm

APEI

APM

EVC

FL

MEDS

NEPT

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. Energy shares jumped by 1.2% as U.S. crude oil inventories climbed less than expected. Aptorum Group, TRxADE HEALTH, and American Public Education saw significant gains, while Entravision Communications, Neptune Wellness Solutions, and Foot Locker experienced sharp declines. Oil prices rose 2.7% to $80.26, and gold increased by 0.6%.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 4:57 pm

BOX

MEDS

MSTR

Box, Inc. reported better-than-expected fourth-quarter EPS and announced a $100 million expansion of its stock repurchase program, leading to a 7.3% rise in its shares. Other companies like TRxADE HEALTH, American Public Education, and Dada Nexus also saw significant gains following positive financial results or announcements. Notably, MicroStrategy's shares rose 10% after a previous day's 21% drop due to a proposed convertible senior notes offering.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 4:45 pm

KFY

PSCI

SOVF

Korn Ferry (NYSE:KFY) reported a slight revenue decline in Q3 FY2024 but beat consensus estimates. The company announced a dividend and forecasts higher earnings for Q4. KFY shares fell 3.14% to $64.06. Exposure to KFY can also be gained through SOVF and PSCI ETFs.

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 4:26 pm

EVC

META

Entravision Communications Corporation (NYSE:EVC) shares plummeted after Meta Platforms Inc (NASDAQ:META) announced it will end its Authorized Sales Partner program, which significantly contributed to Entravision's EBITDA and revenue. Entravision's CEO expressed disappointment but remains confident in the company's long-term prospects, citing a strong balance sheet and ongoing strategic review. Despite a Q4 FY23 EPS loss and missing street views, the company reported higher advertising revenue and declared a quarterly dividend.

Portfolio Pulse from Lekha Gupta

March 06, 2024 | 3:43 pm

CIG

SO

Southern (NYSE:SO) announces a dividend payout of $0.70 per share with an annualized yield of 4.02%. The company has shown consistent dividend growth from $0.66 in 2021 to $0.70 in 2024, and earnings growth from $3.05 in 2020 to $3.26 in 2023, indicating a strong financial health. Compared to its industry peers, such as Cia Energetica DE Minas (NYSE:CIG) with a 9.46% yield, Southern's yield is moderate but stable.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:05 pm

HOMB

TFC

Home BancShares (NYSE:HOMB) announced a dividend payout of $0.18 per share with an annualized yield of 2.91%, payable on March 06, 2024, to shareholders of record as of February 14, 2024. The company has shown a consistent increase in dividends from $0.53 in 2020 to $0.72 in 2023, alongside an earnings growth from $1.24 per share in 2020 to $2.05 per share in 2023. This suggests a strong financial health and potential for future dividend increases. Truist Finl (NYSE:TFC) has the highest annualized dividend yield among peers at 5.61%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:05 pm

SWK

TKR

Timken (NYSE:TKR) announces a dividend payout of $0.33 per share with an annualized yield of 1.62%, reflecting steady financial health and a positive trend in earnings and dividends from 2020 to 2023. Stanley Black & Decker (NYSE:SWK) has the highest yield among peers at 3.64%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:05 pm

ARC

HNI

HNI Corporation (NYSE:HNI) is set to distribute a dividend of $0.32 per share with an annualized yield of 2.97% to shareholders on record as of February 23, 2024. Despite a steady dividend payout, HNI's earnings per share have decreased from $2.24 in 2020 to $2.24 in 2023, raising concerns about its financial health. The company's dividend yield is in the middle range compared to its industry peers, with ARC Document Solutions (NYSE:ARC) having the highest yield at 7.58%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:05 pm

MED

NUS

Nu Skin Enterprises (NYSE:NUS) announced a dividend payout of $0.06 per share with an annualized yield of 1.38%, payable on March 06, 2024, to shareholders of record as of February 23, 2024. Despite an increase in dividend per share from $1.50 in 2020 to $1.56 in 2023, Nu Skin's earnings per share decreased from $2.97 to $2.36 over the same period, indicating a decline in profitability. Nu Skin's dividend yield lags behind industry peers, notably Medifast (NYSE:MED), which boasts a higher annualized dividend yield of 17.00%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:05 pm