Streetbeat News

Dividends

IPG

NXST

OMC

Analysts have provided ratings for high-yield dividend stocks in the tech and telecom sector. Nexstar Media Group, Inc. (NXST) has a dividend yield of 3.06% with mixed ratings from Citigroup and Rosenblatt. Omnicom Group Inc. (OMC) offers a 3.15% yield, with Citigroup maintaining a Buy rating despite a price target cut, and Morgan Stanley maintaining an Equal-Weight rating with a reduced price target. The Interpublic Group of Companies, Inc. (IPG) has a 3.86% yield, with Citigroup maintaining a Buy rating and a lowered price target, and Morgan Stanley maintaining an Equal-Weight rating with a reduced price target. Recent news includes Nexstar entering a brokerage agreement, Omnicom posting upbeat Q3 earnings, and Interpublic's CEO departure.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 1:20 pm

NVDA

NVIDIA Corporation (NASDAQ:NVDA) is expected to release its earnings next month with anticipated earnings of $4.50 per share on revenue of $20.18 billion. Nvidia has secured a $500 million deal with Indian data center operator Yotta, bringing total orders to $1 billion. This includes nearly 16,000 Nvidia H100 and GH200 AI chips, with delivery by March 2025. Nvidia's current dividend yield is 0.03%, with a quarterly dividend of 4 cents per share. To earn $500 a month from dividends, an investor would need to own 37,500 shares, valued at approximately $22.37 million. NVDA shares gained 0.3% to close at $596.54 on Monday.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 1:02 pm

HAL

Halliburton's stock (HAL) is trading higher following the announcement of a Q4 earnings per share (EPS) that exceeded expectations. Additionally, the company has increased its quarterly dividend by 6.25%, signaling confidence in its financial stability and future earnings potential.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:50 am

HAL

Halliburton's board of directors has declared a first quarter 2024 dividend of $0.17 per share, a 6.25% increase from the previous dividend, payable on March 27, 2024, to shareholders of record as of March 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:48 am

PEBO

Peoples Bancorp has announced a quarterly cash dividend of $0.39 per common share, which is scheduled to be paid on February 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:11 am

ERIC

Ericsson's Board of Directors has proposed a dividend of SEK 2.70 per share for FY23, the same amount as the previous year, totaling approximately SEK 9.0 billion. The dividend is to be distributed in two equal installments with record dates on April 5, 2024, and October 2, 2024, and corresponding payment dates on April 10, 2024, and October 7, 2024. The proposal takes into account the company's earnings, balance sheet structure, future business plans, and expected economic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:54 am

TER

Teradyne has announced a 9% increase in its quarterly cash dividend, raising it from $0.11 to $0.12 per share. The dividend is payable on March 15, 2024, to shareholders of record as of February 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:13 pm

AAPL

AMZN

GOOG

GOOGL

IVV

MSFT

NVDA

SPY

STT

VOO

The SPDR S&P 500 ETF Trust (SPY) celebrated another birthday, marking its position as the first U.S. ETF since its launch on Jan. 22, 1993. Initially struggling with investor interest, SPY now leads the ETF market with $474 million in assets under management. The ETF's success spurred the creation of similar ETFs like iShares Core S&P 500 ETF (IVV) and Vanguard S&P 500 Index Fund ETF (VOO). The S&P 500 Index saw a significant rebound in 2023, with a 20% increase and a new all-time high, partly due to the performance of technology stocks. A $1,000 investment in SPY at launch would be worth $19,326.69 today when adjusted for dividends, a return of 1,932.7% over 31 years.

Portfolio Pulse from Chris Katje

January 22, 2024 | 6:59 pm

Verizon Communications (NYSE:VZ) is expected to report a decline in Q4 earnings with an EPS of $1.07, down 10.1% from the previous year, and revenues around $34.6 billion, a 2% decrease. The company faces challenges with a $5.8 billion write-down in its wireline division due to competition and a shift to wireless services. However, Verizon's wireless division shows strong growth and the C-Band spectrum is anticipated to be a 'game changer' for 5G networks. Analysts remain bullish with most recent ratings being Strong Buy or Buy, and the stock has a high dividend yield of 6.84%.

Portfolio Pulse from Neil Dennis

January 22, 2024 | 5:49 pm

Procter & Gamble Co (NYSE:PG) is set to report its Q2 earnings before market hours on Tuesday, with expectations of $1.70 EPS and $21.47 billion in revenue. P&G is recognized for its robust business model and resilience across its five business segments. The company has shifted focus from price increases to volume growth through innovation, which has shown positive results in the U.S. last quarter. P&G's financial strength is further supported by strong EPS growth, operational efficiency from its supply chain 3.0 program, and a reliable dividend yield. Analysts are focusing on P&G's positioning for 2024, considering the economic slowdown and potential lower rates from the Federal Reserve. The stock is currently rated as a Buy with a consensus price target of $150.92, while it recently dipped 0.5% to $146.82.

Portfolio Pulse from Surbhi Jain

January 22, 2024 | 3:11 pm