Streetbeat News

Dividends

KNOP

KNOT Offshore Partners (NYSE:KNOP) has announced that shareholders as of Thursday's session close will be eligible for a quarterly dividend payout of 2.6 cents per share. The ex-dividend date is Friday, and the stock is expected to trade lower by the dividend amount. The dividend is scheduled to be paid on February 08, 2024.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:45 pm

SPFI

South Plains Financial (NASDAQ:SPFI) announced a quarterly dividend of 13 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday's session will be eligible for the payout, which will be distributed on February 12, 2024. The stock is expected to open 13 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:45 pm

HFBL

Home Federal Bancorp (NASDAQ:HFBL) announced a quarterly dividend of 12.5 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 trade lower by the dividend amount. The dividend is scheduled to be paid on February 12, 2024.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:45 pm

DMLP

Dorchester Minerals (NASDAQ:DMLP) has announced a quarterly dividend of $1.0079 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, meaning it will likely open $1.0079 lower to reflect the payout. The dividend is scheduled to be paid on February 08, 2024.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:45 pm

VALU

Value Line (NASDAQ:VALU) has announced a quarterly dividend of 28 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 09, 2024. The stock is expected to open 28 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:45 pm

DTC

GTIM

MLR

SCVL

TOL

The article provides an overview of notable value stocks in the consumer cyclical sector, focusing on companies with low P/E ratios. Good Times Restaurants (GTIM), Miller Industries (MLR), Shoe Carnival (SCVL), Toll Brothers (TOL), and Solo Brands (DTC) are highlighted as value stocks. The article includes recent earnings per share data and dividend yield changes for these companies, indicating their financial performance and potential attractiveness to value investors. The analysis by Benzinga Insights is based on quantified analysis but is not a final investment decision.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:43 pm

ARW

CLRO

MNDO

SGMA

TSEM

The article provides a list of notable value stocks in the technology sector based on low P/E multiples, indicating potential undervaluation. Companies mentioned include Sigmatron Intl, MIND C.T.I., ClearOne, Tower Semiconductor, and Arrow Electronics. It highlights their recent earnings per share and dividend yield changes, with a caution that value stocks may take time to rebound and there's a risk they may not.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:41 pm

ERIC

Ericsson (NASDAQ:ERIC) reported a 16% year-on-year decline in Q4 FY23 sales, with organic sales down 17%. The company saw a decrease in Networks' organic sales by 23% and a decline in sales in India, partially offset by growth in Enterprise. Adjusted gross margin fell slightly, while adjusted EBIT margin improved due to higher-margin software sales. Ericsson forecasts a market decline outside China in 2024, with a decrease in 5G gear demand. The company has a $14 billion deal with AT&T (NYSE:T) for Open-RAN technology, which is expected to boost Ericsson in the second half of 2024. Ericsson named Lars Sandström as the new CFO, effective April 1, 2024. ERIC shares were up 1.37% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 2:10 pm

BRO

Brown & Brown Inc (NYSE:BRO) reported Q4 2023 results with a 13.8% Y/Y increase in revenue to $1.03 billion, surpassing the consensus of $985.5 million. The growth was driven by higher commissions and fees and organic revenue growth. Adjusted EBITDAC rose 11.7% Y/Y, although the margin slightly contracted. Adjusted EPS of $0.58 beat the consensus of $0.53. The company has realigned its business segments and set a new revenue goal of $8 billion. Brown & Brown also declared a quarterly dividend of $0.13 per share. The stock is trading higher by 3.27% at $77.75 in premarket trading.

Portfolio Pulse from Lekha Gupta

January 23, 2024 | 2:06 pm

LMT

RTX

Lockheed Martin Corp (LMT) and Raytheon Technologies Corporation (RTX) both reported strong Q4 earnings, beating consensus estimates. Lockheed Martin's shares are trading higher with an 8.82% earnings surprise and a 5.03% revenue surprise. Raytheon's shares are also up after a 3.20% EPS surprise and 0.48% revenue surprise. Lockheed Martin has a higher backlog and better net income margin compared to Raytheon. Lockheed also has a more stable dividend yield history. Analyst consensus suggests a higher potential upside for Lockheed. Both companies' valuations are close, but Lockheed's trailing earnings multiple is more favorable, while Raytheon has a slight edge in forward valuations.

Portfolio Pulse from Surbhi Jain

January 23, 2024 | 1:38 pm