Streetbeat News

Dividends

BGS

CAG

PM

Wall Street's most accurate analysts have provided their views on three high-yielding consumer staples stocks: B&G Foods, Inc. (BGS), Philip Morris International Inc. (PM), and Conagra Brands, Inc. (CAG). BGS received downgrades with a significant cut in price targets, PM maintained an Overweight rating with a slight cut in price targets, and CAG saw a downgrade and a cut in its price target. These ratings come amidst market turbulence, with investors looking towards dividend-yielding stocks for stability.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 12:11 pm

SRE

Sempra has announced an increase in its quarterly dividend to $0.62 per share, up from the previous $0.60, with the dividend payable on April 15, 2024. This adjustment raises the annualized dividend rate from $2.38 to $2.48 per share.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:02 pm

CRI

Carter's has announced a 7% increase in its quarterly cash dividend, raising it from $0.75 to $0.80 per share, with the next payment scheduled for March 29, 2024. In fiscal 2023, Carter's paid a total of $112.0 million in dividends.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:19 am

CLVT

Clarivate projects its 2024 revenues to be between $2.57B and $2.67B, below the consensus of $2.69B, and adjusted diluted EPS to range from $0.70 to $0.80, under the consensus of $0.84. The company anticipates organic growth, offset by soft transactional revenue and a small divestiture in the IP segment. Despite topline growth, investments and cost inflation are expected to contract profit margins. Capital spending will increase to about 10% of revenues for product innovation, with strong cash flow aimed at reducing debt.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:18 am

PUBM

PubMatic, Inc. (NASDAQ:PUBM) reported Q4 earnings with revenue and EPS surpassing expectations and provided strong guidance for future growth. Q4 revenue was $84.6 million, exceeding estimates of $78.2 million, and EPS was 45 cents, beating the 20 cents estimate. The company experienced a 14% year-over-year revenue growth and a 48% increase in net cash from operating activities. Active publishers grew by 9% compared to 2022. Additionally, PubMatic announced a new stock buyback program authorizing up to $100 million in stock repurchases. The company forecasts Q1 revenue between $61 million and $63 million, above estimates, and expects full-year 2024 revenue growth to be above 10%.

Portfolio Pulse from Adam Eckert

February 26, 2024 | 10:00 pm

TCBK

TriCo Bancshares has announced an increase in its quarterly dividend from $0.30 to $0.33 per share.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:51 pm

PRGO

Perrigo has announced a 1% increase in its quarterly dividend, from $0.273 to $0.276 per share, payable on March 26, 2024, to shareholders of record as of March 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:48 pm

OKE

ONEOK projects a 2024 net income midpoint of $2.8 billion and adjusted EBITDA midpoint of $6.1 billion, with capital expenditures between $1.75 billion and $1.95 billion. The company attributes this growth to record volumes, the Magellan acquisition, and operational momentum. ONEOK's strategy focuses on capital growth, maintaining a strong balance sheet, dividend growth, and share repurchases, aiming to maximize investor value and enhance its position in providing essential energy services.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:17 pm

NBN

WASH

Northeast Bank (NASDAQ:NBN) announced a dividend payout of $0.01 per share with an annualized yield of 0.07%, maintaining a steady dividend per share of $0.04 from 2020 to 2023. Despite consistent dividends, its yield falls behind industry peers like Washington Trust Bancorp (NASDAQ:WASH), which boasts an 8.63% yield. However, Northeast Bank's earnings per share have grown from $3.01 to $6.85 from 2020 to 2023, indicating financial stability and potential for future dividend increases.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:05 pm

MPW

PEAK

Healthpeak Properties (NYSE:PEAK) announces a dividend payout of $0.30 per share with an annualized yield of 6.44%. Despite a decrease in dividend per share from $1.48 in 2020 to $1.20 in 2023, the company's earnings per share have increased from $1.69 in 2020 to $1.76 in 2023, indicating a strategic shift towards reinvestment. Medical Properties Trust (NYSE:MPW) leads the industry with a 22.92% annualized dividend yield.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:05 pm