Streetbeat News

Dividends

DLB

GEN

Dolby Laboratories (NYSE:DLB) announced a dividend payout of $0.30 per share with an annualized yield of 1.44%, payable on February 22, 2024, to shareholders of record as of February 13, 2024. The company has shown a positive trend in dividend per share growth from $0.88 in 2020 to $1.11 in 2023, alongside an increase in earnings per share from $2.99 to $3.57 over the same period. This indicates a strong financial position and a commitment to rewarding shareholders. Dolby's dividend yield is in the middle range compared to its industry peers, with Gen Digital (NASDAQ:GEN) having the highest yield at 2.32%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:05 pm

TFC

ZION

Zions Bancorp (NASDAQ:ZION) announces a dividend payout of $0.41 per share with an annualized yield of 4.18%, for shareholders on record before February 14, 2024. The company has shown a positive trend in dividend per share from $1.36 in 2020 to $1.64 in 2023, alongside an increase in earnings per share from $2.52 to $5.41 over the same period. This indicates a strong financial health and commitment to rewarding shareholders. Truist Financial (NYSE:TFC) has the highest annualized dividend yield among peers at 5.81%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:05 pm

HTBK

WASH

Heritage Commerce (NASDAQ:HTBK) announced a dividend payout of $0.13 per share with an annualized yield of 5.38%, maintaining a steady dividend per share of $0.52 from 2020 to 2023. The company's earnings have grown from $0.66 to $1.18 per share over the same period, indicating a strong financial health and potential for future dividend increases. Heritage Commerce's dividend yield is in the middle compared to its industry peers, with Washington Trust Bancorp (NASDAQ:WASH) having the highest yield at 8.45%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:05 pm

IGIC

MRBK

OCFC

OSBC

PEBO

Benzinga Insights identifies 5 value stocks in the financial services sector with low P/E ratios, indicating potential undervaluation. The stocks are Meridian (MRBK), Intl General Insurance (IGIC), Old Second Bancorp (OSBC), OceanFirst Financial (OCFC), and Peoples Bancorp (PEBO). The analysis includes recent earnings per share and dividend yield changes, highlighting both increases and decreases in these financial metrics.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:47 pm

WCN

Waste Connections (NYSE:WCN) announced a quarterly dividend of 28.5 cents per share, going ex-dividend on Tuesday. Shareholders owning the stock by the end of Monday are eligible for the payout on March 13, 2024. The stock is expected to open 28.5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:45 pm

DAC

Danaos Corporation (NYSE:DAC) announced a quarterly dividend of 80 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning DAC by the end of Monday's session will be eligible for the dividend, payable on March 14, 2024. The stock is expected to open 80 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:45 pm

HTGC

Hercules Capital (NYSE:HTGC) announced a quarterly dividend of 40 cents per share, going ex-dividend on Tuesday. Shareholders owning HTGC by end of Monday are eligible for the dividend, payable on March 06, 2024.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:45 pm

SON

Sonoco Prods (NYSE:SON) announced a quarterly dividend of 51 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning SON by the end of Monday are eligible for the dividend, payable on March 08, 2024. The stock is expected to open 51 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:45 pm

EQIX

Equinix (NASDAQ:EQIX) announced a quarterly dividend of $4.26 per share, with the ex-dividend date set for Tuesday. Shareholders owning EQIX by the end of Monday are eligible for the dividend, payable on March 20, 2024. The stock is expected to open $4.26 lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:45 pm

ORC

Orchid Island Cap (NYSE:ORC) announced a monthly dividend of 12 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning ORC by the end of Monday are eligible for the dividend, payable on March 26, 2024. The stock is expected to open 12 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:45 pm