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Dividends

LPG

NRT

VET

VTLE

Benzinga Insights identifies 5 value stocks in the energy sector based on low P/E multiples, indicating undervaluation. Vermilion Energy, Vital Energy, North European Oil, SM Energy, and Dorian LPG are highlighted for their financial metrics and recent performance, including changes in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:39 pm

XPOF

Xponential Fitness, Inc. (NYSE:XPOF) has completed the divestiture of STRIDE Fitness to Stride Fitness Franchising, Inc., owned by Shaun Grove, President of Rumble Boxing. The move is part of Xponential's strategy to optimize its portfolio for profitable growth and long-term value creation. STRIDE Fitness represented less than 1% of Xponential's total studios, and the divestiture is not expected to materially impact 2024 revenues. Xponential is now searching for Grove's successor as President of Rumble Boxing, with Grove staying on until a replacement is found.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:06 pm

DIS

LDOS

NEE-PR

PGR

On CNBC's 'Halftime Report Final Trades,' analysts highlighted stocks they favor, including Leidos with its strong Q4 results and new management, Disney with its earnings beat and new share repurchase program, and Progressive with its impressive January net income. NextEra Energy was also mentioned for its high yield. All mentioned stocks saw gains in their last trading session.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 1:55 pm

SAR

Saratoga Investment Corp. (NYSE:SAR) announced an increase in its quarterly dividend from $0.72 to $0.73 per share for Q4 fiscal year 2024, marking the sixteenth consecutive quarterly increase. The annual dividend rate now implies a 12.8% yield based on the recent stock price of $22.77. The company attributes this growth to high interest rates on floating rate assets and portfolio expansion in selected industry segments. Dividends for fiscal year 2024 total $2.85 per share, a 16.8% increase over the previous year. The dividend is payable on March 28, 2024, to shareholders of record as of March 13, 2024. Shareholders have the option to receive the dividend in cash or stock through the DRIP program.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:42 pm

STLA

Stellantis shares are trading higher following the announcement of improved FY23 financial results, an increased dividend, and a new share buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:38 pm

AMAT

Applied Materials, Inc. (AMAT) is set to release its Q1 earnings on Feb. 15, 2024, with analysts expecting earnings of $1.91 per share and revenue of $6.48 billion. Analysts from Cantor Fitzgerald and B. Riley Securities have given AMAT a Neutral and a Buy rating, respectively, with price targets of $180 and $220. The company's Q4 revenue was $6.72 billion, beating estimates. AMAT offers a 0.69% annual dividend yield, equating to a quarterly dividend of 32 cents per share. To earn $500 monthly from dividends, an investment of approximately $872,859 is needed.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 1:33 pm

CPA

MMM

UPS

Wall Street's most accurate analysts have provided updates on three high-yielding industrials stocks: 3M Company (MMM), Copa Holdings (CPA), and United Parcel Service (UPS). MMM's price targets were cut by Citigroup and Mizuho due to FY24 EPS guidance below estimates, despite better-than-expected Q4 EPS. CPA's price target was raised by Raymond James and cut by HSBC, following better-than-expected Q4 earnings. UPS saw an upgrade from UBS and a price target cut from Raymond James, after reporting disappointing Q4 sales and FY24 sales guidance.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 12:24 pm

IRDM

Iridium Communications (IRDM) forecasts FY24 service revenue growth of 4%-6% from $584.5M in FY23, with OEBITDA expected between $460M-$470M, compared to $463.1M in FY23. The company also anticipates cash taxes under $10M annually through 2024-2026, aiming for net leverage below 2.5 times OEBITDA between 2026-2029, and under 2.0 by decade's end.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:06 pm

Reliance Steel & Aluminum announced a 10.0% increase in its quarterly dividend, raising it to $1.10 per share.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:57 am

CWEN

CWEN.A

Clearway Energy, Inc. announced an increase in its quarterly dividend to $0.4033 per share, up by 1.7% from the previous quarter, payable on March 15, 2024, to shareholders of record as of March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:33 am