Streetbeat News

Dividends

HCC

Warrior Met Coal (NYSE:HCC) announced a quarterly dividend of 8 cents per share, going ex-dividend on Friday. Shareholders owning HCC by the end of Thursday are eligible for the payout on February 26, 2024.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:45 pm

Ryder System (NYSE:R) announced a quarterly dividend of 71 cents per share, going ex-dividend on Friday. Shareholders owning R by the end of Thursday are eligible for the payout on March 15, 2024. The stock will likely open 71 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:45 pm

STK

Columbia Seligman (NYSE:STK) announced a quarterly dividend of 46.25 cents per share, going ex-dividend on Friday. Shareholders owning STK by the end of Thursday are eligible for the payout, which will be distributed on February 27, 2024.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:45 pm

EXPR

HMC

MED

PHM

The article highlights notable value stocks in the consumer cyclical sector, focusing on companies with low P/E multiples, indicating potential undervaluation. Medifast, PulteGroup, Under Armour, Honda Motor Co, and Express are featured for their current financial metrics, including recent changes in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:43 pm

TAP

Molson Coors Beverage Co (NYSE:TAP) reported Q4 2023 earnings surpassing expectations with a 6.1% Y/Y net sales increase to $2.79 billion and issued positive FY24 guidance. Adjusted EPS was $1.19, beating the $1.12 consensus. The company announced a quarterly dividend of $0.44 per share and a new $2.0 billion share repurchase program. Despite the positive report, TAP shares dropped 2.16% to $60.77.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 2:41 pm

CLRO

GEN

PET

UMC

The article highlights notable value stocks in the technology sector, focusing on companies with low P/E multiples indicating undervaluation. It lists Gen Digital, ClearOne, United Microelectronics, Wag Group, and Daqo New Energy, providing recent financial metrics such as earnings per share and dividend yields. The piece underscores the potential and risks of investing in value stocks, emphasizing the patience required for such investments to materialize.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:41 pm

JBLU

SAVE

JetBlue Airways Corporation (JBLU) has announced February 23, 2024, as the record date for an additional prepayment of $0.10 per share to Spirit Airlines, Inc. (SAVE) stockholders, with the payment to be made on February 29, 2024. This is in accordance with the Merger Agreement dated July 28, 2022, involving JetBlue, Sundown Acquisition Corp., and Spirit Airlines.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:01 pm

KHC

Kraft Heinz (NASDAQ:KHC) is set to release its Q4 earnings on Feb. 14, 2024, with expected earnings of 77 cents per share and revenue of $6.9 billion, down from the previous year. Citigroup initiated coverage with a Buy rating and a $43 price target. The company has a $3 billion share repurchase program and offers a 4.40% dividend yield. To earn $500 monthly from dividends, an investment of approximately $136,350 is needed.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:55 pm

HAS

Hasbro Inc (NASDAQ:HAS) shares dropped after reporting a 23% Y/Y decline in Q4 FY23 sales to $1.289 billion, missing analyst estimates. The company saw a significant decrease in Consumer Products and Entertainment segment revenues, but an increase in Wizards of the Coast and Digital Gaming. Operating loss widened to $(1.20) billion, and adjusted EPS of $0.38 missed expectations. Despite reducing inventory and declaring a dividend, the outlook for FY24 includes further revenue declines across segments. Hasbro aims for mid-term gross savings of $750 million by 2025.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 1:15 pm

HASI

TFC

VIRT

Wall Street's most accurate analysts have recommended three financial stocks with over 5% dividend yields: Truist Financial Corporation (TFC), Virtu Financial, Inc. (VIRT), and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI). TFC's dividend yield is 5.78%, with price targets recently raised by analysts from RBC Capital and Keefe, Bruyette & Woods. VIRT has a dividend yield of 5.76%, but its price targets were lowered by analysts from UBS and Citigroup following worse-than-expected Q4 results. HASI offers a 6.27% dividend yield, with upgrades and higher price targets from Morgan Stanley and B of A Securities after pricing an upsized add-on private offering of green senior unsecured notes.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 12:12 pm