Streetbeat News

Dividends

BRC

Brady Corporation is expected to see growth in sales and operating margins due to emerging markets in Asia and Europe and supply chain improvements. The company's strong balance sheet, undervaluation, and strategic initiatives have led to an upgrade in its stock rating to 'buy'.

Portfolio Pulse from

November 23, 2024 | 6:15 am

ABR

The article discusses the author's decision to purchase more of Arbor Realty Trust, Inc.'s Series D Preferred shares due to their recent price dip. The dip is attributed to the spike in the 10-year Treasury yield, which affects preferred shares as hybrid fixed-income securities. Arbor Realty's mREIT is highlighted for its safe dividend, with the Series D Preferreds offering both income and potential capital gains.

Portfolio Pulse from

November 22, 2024 | 11:15 pm

BCX

BlackRock has announced increases in monthly distribution amounts for certain closed-end funds, including BCX, under their managed distribution plans. The December distributions have been declared early.

Portfolio Pulse from

November 22, 2024 | 10:45 pm

POWW

AMMO, Inc. announced a cash dividend for its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, with holders of record as of December 2, 2024, receiving $0.55902778 per share, payable on December 16, 2024.

Portfolio Pulse from

November 22, 2024 | 10:15 pm

LGI

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) has announced a monthly distribution of $0.14941 per share, payable on December 23, 2024, to shareholders of record on December 11, 2024. This is part of its Managed Distribution Policy.

Portfolio Pulse from

November 22, 2024 | 9:45 pm

ROYTL

Pacific Coast Oil Trust announced that there will be no cash distribution for unit holders based on net profits from September 2024.

Portfolio Pulse from

November 22, 2024 | 9:45 pm

RGCO

RGC Resources, Inc. has announced a 3.8% increase in its annual dividend, raising it to $0.83 per share. This marks the 21st consecutive year of dividend increases, reflecting the company's strong operational and financial performance. The dividend will be paid on February 1, 2025.

Portfolio Pulse from

November 22, 2024 | 9:30 pm

OBT

Orange County Bancorp, Inc. has declared a $0.25 cash dividend per share, marking a $0.02 increase. The dividend will be paid on December 16, 2024, to shareholders of record on December 4, 2024.

Portfolio Pulse from

November 22, 2024 | 9:15 pm

SPYV

The SPDR® Portfolio S&P 500 Value ETF (SPYV) is recommended for 2025 due to strong fundamentals in value-heavy sectors, potential tech stock correction, and expected earnings growth in healthcare and industrials. SPYV offers a low expense ratio, above-average dividend yield, and healthy liquidity.

Portfolio Pulse from

November 22, 2024 | 9:15 pm

MGYR

Magyar Bancorp, Inc. has declared a special cash dividend of $0.04 per share, payable on December 20, 2024, to shareholders of record as of December 6, 2024.

Portfolio Pulse from

November 22, 2024 | 8:45 pm