Streetbeat News

Dividends

AEE

Ameren Corporation (NYSE:AEE) is set to release its Q4 fiscal 2024 earnings on Feb. 22, 2024, with analysts expecting earnings of 61 cents per share and revenue of $2.03 billion. The company has increased its quarterly dividend by 6.3%, continuing an 11-year growth streak, offering a 3.75% annual dividend yield. To earn $500 monthly from dividends, an investment of approximately $159,865 is needed. Ameren's stock price increased by 2.2% to close at $71.40 recently.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 1:36 pm

WING

Wingstop Inc. (NASDAQ:WING) reported Q4 fiscal 2023 results surpassing Wall Street estimates with adjusted earnings per share of 64 cents and revenues of $127.05 million. The company announced a quarterly dividend of 22 cents per share and highlighted a record year with 18.3% domestic same-store sales growth and 255 net new units. Wingstop expects mid-single-digit domestic same-store sales growth for fiscal 2024. Following the report, Wingstop shares fell 4.4%, but analysts from TD Cowen and Wedbush raised their price targets.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 12:34 pm

ACRE

MRBK

NYCB

OPHC

The article highlights the top 4 financial stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting potential undervaluation. New York Community Bancorp, Ares Commercial Real Estate Corporation, Meridian Corporation, and OptimumBank Holdings are featured for their recent financial performances and stock price actions, with RSI values below 30 indicating they may be poised for a rebound.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 12:24 pm

BHRB

BX

NWE

Insiders have made notable purchases in shares of Blackstone Inc. (BX), NorthWestern Energy Group, Inc. (NWE), and Burke & Herbert Financial Services Corp. (BHRB). These purchases indicate insider confidence in the companies' prospects. Blackstone's insider bought shares at an average price of $125.63, NorthWestern's at $48.80, and Burke & Herbert's at $55.35. Blackstone reported mixed Q4 results, NorthWestern posted upbeat earnings, and Burke & Herbert announced Q4 results and a dividend.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 12:24 pm

CB

Chubb's Board proposes an annual dividend increase to $3.64 per share for 2024, payable in quarterly installments of $0.91, up from the current $0.86. A quarterly dividend of $0.86 is also declared, payable on April 5, 2024, to shareholders on record as of March 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:40 am

PRMW

Primo Water Corp has announced a 13% increase in its quarterly dividend to $0.09 per common share, marking a significant rise from last year's dividend.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:40 am

CWEN

Clearway Energy announced a 1.7% increase in its quarterly dividend to $0.4033 per share for the first quarter of 2024, resulting in an annualized dividend of $1.61 per share.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:23 am

ACRE

Ares Commercial Real Estate (ACRE) announced a reduction in its regular cash dividend from $0.33 in Q4 2023 to $0.25 in Q1 2024, payable on April 16, 2024, to stockholders of record as of March 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:20 am

ERF

Enerplus has announced an 8% increase in its quarterly cash dividend, from $0.06 to $0.065 per share, effective with the dividend payable on March 15, 2024, to shareholders of record as of March 4, 2024. The ex-dividend date is March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:52 pm

NTR

Nutrien has announced a 2% increase in its quarterly dividend, raising it from $0.53 to $0.54 per share. The new dividend will be payable on April 11, 2024, to shareholders of record as of March 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:31 pm