Streetbeat News

Dividends

HSBC

HSBC has declared a third interim dividend for FY23 of $0.10 per share, amounting to a distribution of approximately $1.946bn. The dividend will be payable on 21 December 2023. The bank also reiterated its commitment to pay a special dividend of $0.21 per share from the proceeds of the sale of its Canadian banking unit in H1 2024. Any excess capital will be used to supplement share buy-backs.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:11 am

DXCM

FCNCA

MO

VFC

VZ

Barron's has highlighted several stocks in its weekend review, including Verizon Communication Inc, DexCom, Inc, VF Corp, First Citizens Bancshares Inc, and Altria Group Inc. Verizon's stock had a strong week due to robust Q3 earnings and a higher dividend yield. DexCom's stock is rising due to strong earnings and unaffected demand for glucose monitoring devices. VF Corp is under scrutiny due to a significant stock decline. First Citizens Bancshares' stock has surged due to the successful integration of Silicon Valley Bank. Altria's stock fell due to an earnings miss and lowered guidance, leading to a high dividend yield.

Portfolio Pulse from Justin Chan

October 29, 2023 | 12:04 am

LDOS

Leidos Holdings has announced an increase in its quarterly dividend from $0.36 to $0.38 per share.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 8:24 pm

FIX

Comfort Systems USA has reported its Q3 financial results and announced a dividend increase, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 4:50 pm

WRK

WestRock Company (NYSE:WRK) has announced a 10% increase in its quarterly dividend to $0.3025 per share. The dividend will be paid on November 21, 2023, to stockholders of record as of November 13, 2023. The company held $314.8 million in cash and equivalents as of June 30, 2023. Westrock is set to report its Q4 FY23 earnings on November 9, 2023. Following the announcement, WRK shares are trading higher by 1.48% at $35.76.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 3:42 pm

CVX

Chevron's CEO has announced that investors can expect a higher dividend in Q4. This news was shared during a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:06 pm

ARR

TWO

Two Harbors Inv (NYSE:TWO) is set to deliver a dividend payout of $0.45 per share, equating to an annualized dividend yield of 12.86%. The company has seen a decrease in dividend per share from $1.67 to $1.11 from 2019 to 2022, and a decrease in earnings per share from $6.44 to $3.12 in the same period. ARMOUR Residential REIT (NYSE:ARR) leads the industry with the highest annualized dividend yield at 34.51%.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 3:05 pm

HAS

JOUT

Johnson Outdoors (NASDAQ:JOUT) will distribute a dividend payout of $0.33 per share, with an annualized dividend yield of 2.52%. The company has seen a notable growth in its dividend per share from $0.62 to $1.22 between 2019 and 2022, but a decrease in earnings per share from $5.11 to $4.37. Hasbro (NASDAQ:HAS) has the highest annualized dividend yield at 5.79% among industry peers.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 3:05 pm

ELP

OGE

OGE Energy (NYSE:OGE) is distributing a dividend payout of $0.42 per share, with an annualized dividend yield of 4.77%. The company has shown a steady increase in dividend per share from 2019 to 2022, and its earnings per share have also increased during this period. OGE Energy's dividend yield is in the middle range compared to its industry peers, with Cia Paranaense De Energia (NYSE:ELP) having the highest annualized dividend yield at 8.15%.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 3:05 pm

AMT

American Tower (NYSE:AMT) is distributing a dividend payout of $1.62 per share, with an annualized dividend yield of 3.65%. The company has shown a positive financial trend from 2019 to 2022, with an increase in both dividend per share and earnings per share. This suggests their capacity to continue distributing profits to shareholders.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 3:05 pm