Streetbeat News

Dividends

WMK

Weis Markets (NYSE:WMK) announced a quarterly dividend of 34 cents per share, with the ex-dividend date set for Thursday. Shareholders owning WMK by the end of Wednesday are eligible for the dividend, payable on March 04, 2024.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 2:45 pm

AEIS

Advanced Energy Industries (NASDAQ:AEIS) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Thursday. Shareholders owning AEIS by the end of Wednesday are eligible for the dividend, payable on March 01, 2024. The stock is expected to open 10 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 2:45 pm

CHCI

CIM

RMR

SEVN

VTMX

Benzinga Insights identifies 5 value stocks in the real estate sector with low P/E ratios, suggesting potential undervaluation. The stocks include RMR Gr, Seven Hills Realty Trust, Corporacion Inmobiliaria, Comstock Holding Co, and Chimera Investment. Recent financial updates show changes in earnings per share and dividend yields for these companies, indicating varying degrees of financial health and potential for growth.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 2:39 pm

ALL

HWKN

KMB

LEN

PYPL

Jim Cramer recommended buying shares of The Allstate Corporation (ALL) after upbeat Q4 results, despite its decision to stop offering new policies in California. He expressed concerns over Kimberly-Clark Corporation's (KMB) slow turnaround and flat Q4 sales. Cramer was worried about PayPal Holdings, Inc. (PYPL) due to its flat earnings outlook for 2024, despite reporting upbeat Q4 earnings. He praised Lennar Corporation (LEN) for its dividend increase and positive outlook. Cramer also recommended buying Hawkins (HWKN) despite its worse-than-expected Q3 revenue.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 2:02 pm

Coca-Cola (NYSE:KO) is anticipated to release its Q4 earnings on Feb. 13, 2024, with expected earnings of 49 cents per share and revenue of $10.68 billion, up from the previous year. Barclays analyst Lauren Lieberman has maintained an Overweight rating on KO, raising the price target from $60 to $66. Coca-Cola India is entering the ready-to-drink tea market with 'Honest Tea'. The company's dividend yield stands at 3.09%, with a quarterly dividend of 46 cents a share. To earn $500 monthly from dividends, an investor would need approximately 3,261 shares, valued around $194,225.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 1:52 pm

CHRD

DINO

MUR

Wall Street's most accurate analysts have recommended three high-dividend yielding energy stocks: HF Sinclair Corporation (DINO), Murphy Oil Corporation (MUR), and Chord Energy Corporation (CHRD). These recommendations come amidst market turbulence, highlighting the stocks' strong dividend yields and recent corporate actions or appointments.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 1:37 pm

LQR

LQR House Inc. (NASDAQ:LQR), a niche ecommerce platform in the spirits and beverage industry, announced a 50% stock dividend for shareholders of record as of February 12, 2024, with the dividend to be distributed on March 1, 2024. The ex-dividend date is set for March 4, 2024. CEO Sean Dollinger emphasized the company's commitment to delivering on its promises and showing gratitude to its stockholders.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:34 pm

JKHY

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has announced a 6% increase in its quarterly dividend to $0.55 per share, payable on March 26, 2024, to stockholders of record as of March 8, 2024. This marks the 20th consecutive year of dividend increases.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:07 pm

FANG

Diamondback Energy Inc (NASDAQ:FANG) announced a merger with Endeavor Energy Resources for about $26 billion, including Endeavor's net debt. The deal involves 117.3 million Diamondback shares and $8 billion in cash. It's expected to create a leading Permian operator with significant production and inventory depth. The merger, expected to close in Q4 2024, aims for $550 million in annual synergies and a 10% free cash flow per share accretion in 2025. Diamondback also plans to raise its dividend and has adjusted its capital return strategy post-merger.

Portfolio Pulse from Lekha Gupta

February 12, 2024 | 12:49 pm

FANG

Diamondback Energy announced a 7% increase in its base dividend to $3.60 per share annually, effective for Q4 of 2023. This adjustment will result in a quarterly dividend of $0.90 per share.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:34 pm