Streetbeat News

Dividends

PAXS

PIMCO Access Income (NYSE:PAXS) announced a monthly dividend of 14.94 cents per share, going ex-dividend on Friday. Shareholders owning PAXS by the end of Thursday are eligible for the dividend, payable on April 01, 2024.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 2:46 pm

NCZ

Virtus Convertible (NYSE:NCZ) announced a monthly dividend payout of 3 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, to be paid on March 28, 2024.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 2:46 pm

HEQ

John Hancock Hedged (NYSE:HEQ) announced a quarterly dividend of 25 cents per share, going ex-dividend on Friday. Shareholders owning HEQ by the end of Thursday are eligible for the payout on March 28, 2024. The stock is expected to open 25 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 2:45 pm

ARW

CXAI

HPQ

JKS

MVLA

Benzinga Insights identifies HP, Movella Holdings, Arrow Electronics, CXApp, and JinkoSolar Holding as notable value stocks in the technology sector based on their low P/E ratios. HP's Q1 EPS decreased by 10% from Q4, with a dividend yield decrease. Movella Holdings' EPS remained unchanged from last quarter. Arrow Electronics and CXApp reported a decrease and increase in EPS, respectively, while JinkoSolar's EPS decreased from Q2.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 2:41 pm

NVS

Novartis AG announced that its shareholders have approved a dividend increase to CHF 3.30 per share for 2023, which is a 3.1% increase from the previous year. This dividend represents a 3.7% yield and approximately 58% of the company's free cash flow, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:23 pm

QCOM

Qualcomm has announced an increase in its quarterly cash dividend from $0.80 to $0.85, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:13 pm

THO

THOR Industries, Inc. (NYSE:THO) is set to release its Q2 earnings on March 6, 2024, with expected earnings of 68 cents per share and projected revenue of $2.27 billion. The company recently appointed Jeffrey D. Lorenger to its board and Michele McDermott as CHRO. THOR offers a 1.49% annual dividend yield, equating to $1.92 per year. To earn $500 monthly from dividends, an investment of approximately $397,250 is required. THO shares fell 1.5% to close at $127.12.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 2:02 pm

ARE

HST

REG

Wall Street's most accurate analysts recommend buying three real estate stocks with over 3% dividend yields: Host Hotels & Resorts, Inc. (HST), Alexandria Real Estate Equities, Inc. (ARE), and Regency Centers Corporation (REG). These recommendations are based on their high dividend yields, recent positive sales reports, and updated analyst ratings with increased price targets.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:29 pm

TGT

Target Corp (NYSE:TGT) shares rose after reporting Q4 FY23 revenue of $31.92 billion, surpassing estimates. Despite a 4.4% decline in comparable sales, gross margin expanded to 25.6% due to lower costs and favorable category mix. Operating income increased by 60.9% to $1.86 billion, with adjusted EPS of $2.98 beating estimates. The company holds $3.8 billion in cash and paid $508 million in dividends. Target did not repurchase any shares in Q4 but has $9.7 billion left in its repurchase program. FY24 EPS is projected at $8.60 - $9.60, with 0% - 2% growth in comparable sales. TGT shares surged 8.25% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 05, 2024 | 12:48 pm

WSR

Whitestone REIT (WSR) has announced a 3% increase in its annual cash dividend to $0.495 per share, translating to a quarterly dividend of $0.12375 per share, starting from the second quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:42 pm