Streetbeat News

Dividends

HAFC

Hanmi Financial (NASDAQ:HAFC) has announced a quarterly dividend of 25 cents per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday and is expected to open 25 cents lower. The dividend is scheduled to be paid on February 22, 2024.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:45 pm

SJW

SJW Group (NYSE:SJW) has announced a quarterly dividend of 40 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, meaning it will likely open 40 cents lower. Shareholders owning the stock by the end of Thursday will receive the dividend on March 01, 2024.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:45 pm

WABC

Westamerica Bancorp (NASDAQ:WABC) announced a quarterly dividend of 44 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on February 16, 2024. The stock is expected to open 44 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:45 pm

AYI

Acuity Brands (NYSE:AYI) has announced a quarterly dividend of 15 cents per share, with the ex-dividend date set for Friday. Shareholders owning AYI stock by the end of Thursday's session will be eligible for the dividend, which will be paid on February 14, 2024. The stock is expected to open 15 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:45 pm

GDEN

GRBK

KBH

LEGH

TMHC

The article provides an overview of value stocks in the consumer cyclical sector, highlighting companies with low P/E multiples, indicating potential undervaluation. Notable stocks mentioned include Green Brick Partners (GRBK), KB Home (KBH), Golden Entertainment (GDEN), Taylor Morrison Home (TMHC), and Legacy Housing (LEGH). The article details recent changes in earnings per share and dividend yields for these companies, suggesting that while they may be undervalued, there is a risk that they may not rebound as expected.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:43 pm

AVT

CLRO

TSEM

UMC

YALA

The article identifies five value stocks in the technology sector based on their low price-to-earnings (P/E) multiples, suggesting they may be undervalued. United Microelectronics (UMC), ClearOne (CLRO), Yalla Group (YALA), Avnet (AVT), and Tower Semiconductor (TSEM) are listed with their respective P/E ratios. The article also provides recent earnings per share (EPS) data and dividend yield information for these companies, noting changes from previous quarters.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:41 pm

MPC

MPLX

Marathon Petroleum Corp (MPC) reported Q4 FY23 results with revenue of $36.82 billion, surpassing the $35.25 billion consensus. Adjusted EBITDA was $3.53 billion, down from $5.80 billion in the prior year. Adjusted EPS was $3.98, above the $2.20 consensus. MPC returned $2.5 billion to shareholders through buybacks and dividends and has $5.9 billion left for repurchases. MPLX LP (MPLX), partly owned by MPC, beat earnings and sales estimates. MPC expects Q1 refining costs of $5.85 per barrel and throughputs of 2,685 mbpd. MPC shares rose 0.49% to $160.91.

Portfolio Pulse from Lekha Gupta

January 30, 2024 | 2:36 pm

UPS

United Parcel Service Inc (UPS) reported a Q4 revenue decline of 7.8% Y/Y to $24.92 billion, missing consensus estimates. Adjusted EPS was $2.47, matching consensus but down from $3.62 in Q4 2022. Operating profit decreased by 22.5% Y/Y. Revenue fell across U.S. Domestic, International, and Supply Chain Solutions segments. UPS raised its quarterly dividend by $0.01 to $1.63 per share. The 2024 outlook is below consensus expectations, with projected revenue of $92-$94.5 billion and an adjusted operating margin of 10%-10.6%. UPS shares dropped 6.77% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

January 30, 2024 | 1:54 pm

BMY

CVS

OGN

The article discusses three high-yielding dividend stocks in the health care sector, with recent analyst ratings and news updates. Bristol-Myers Squibb (BMY) has a dividend yield of 4.81% but received a downgrade from B of A Securities and a Hold rating from Deutsche Bank. Organon & Co. (OGN) offers a 6.53% dividend yield, with Piper Sandler maintaining an Overweight rating and Morgan Stanley maintaining an Equal-Weight rating. CVS Health Corporation (CVS) has a 3.62% dividend yield, with Mizuho maintaining a Buy rating and Morgan Stanley maintaining an Overweight rating. BMY released data from a trial, OGN announced a new prescription product, and CVS is reportedly planning to close some pharmacies within Target stores.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 12:49 pm

SSTK

Shutterstock, Inc. (NYSE: SSTK) has announced an 11% increase in its quarterly dividend to $0.30 per share, payable on March 14, 2024, to shareholders of record as of February 29, 2024. The previous dividend was $0.27 per share.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 12:05 pm