Streetbeat News

Dividends

BOH

Bank of Hawaii Corp (NYSE:BOH) reported mixed Q4 FY23 results with adjusted EPS of $1.01 beating estimates by $0.01, but revenue fell short at $158.07 million against expectations of $161.5 million. Net interest income declined significantly by 17.7% Y/Y due to higher funding costs. The bank did not repurchase any shares and declared a dividend of $0.70, payable in March 2024. BOH shares dropped slightly in premarket trading.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 2:18 pm

GOLD

Barrick Gold (NYSE:GOLD) has denied rumors of a potential takeover of First Quantum Minerals, following reports of a meeting between Barrick's executive and First Quantum representatives. Barrick is focusing on developing its existing projects in Tanzania, including the North Mara and Bulyanhulu mines, and investing in the community through the Future Forward education initiative. First Quantum is dealing with financial challenges, including the closure of its Cobre Panama copper mine and the suspension of dividends.

Portfolio Pulse from Stjepan Kalinic

January 22, 2024 | 1:58 pm

MMM

3M Company (NYSE:MMM) is anticipated to release its Q4 earnings on Jan. 23, 2024, with expected earnings of $2.31 per share on revenue of $7.70 billion. The company recently won a $34.2 million award for improving traumatic wound treatments. 3M offers a 5.57% annual dividend yield, equating to $1.50 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $107,760 is needed, while $21,552 would yield $100 monthly. Dividend yields vary with stock price and dividend changes. 3M's stock price closed at $107.76, up 1.2% on the last trading day.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 1:38 pm

AMAM

JNJ

KVUE

MSFT

Johnson & Johnson (JNJ) is set to report Q4 earnings with a focus on dividend security post-Kenvue split, legal costs from talc litigation, and recent acquisitions. Analysts expect $2.28 EPS and $20.99 billion in revenue. JNJ's acquisition of Abiomed and Ambrx Biopharma (AMAM) strengthens its medical segments. Despite challenges, JNJ's dividend, with a 61-year growth history, seems secure. The stock closed at $161.68, with a Neutral consensus rating and a $175.75 price target.

Portfolio Pulse from Surbhi Jain

January 22, 2024 | 1:35 pm

FELE

Franklin Electric Co., Inc. (NASDAQ:FELE) has raised its quarterly cash dividend from $0.2250 to $0.25 per share, marking the 32nd consecutive year of dividend increases. The new dividend is payable on February 15, 2024, to shareholders of record as of February 1, 2024. The increase reflects an 11 percent rise from the previous dividend and demonstrates the company's commitment to shareholder returns and confidence in its business outlook.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:10 pm

AY

HE

NWE

Analysts have rated three high-yield dividend stocks in the utilities sector. Hawaiian Electric Industries (HE) has an 11.32% yield but received an Underperform and Equal-Weight rating. Atlantica Sustainable Infrastructure (AY) offers a 9.20% yield and was downgraded to Market Perform with a Neutral rating. NorthWestern Energy Group (NWE) with a 5.40% yield was upgraded to Overweight but also received an Underweight rating. All companies recently reported their quarterly earnings.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 12:35 pm

BOTJ

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) announced an increase in its quarterly dividend from $0.08 to $0.10 per share, a 25% rise. The dividend is payable on March 15, 2024, to shareholders of record as of March 1, 2024. Future dividends will depend on various factors and require Board approval.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:31 pm

TGT

Target Corp (NYSE:TGT) has experienced a Golden Cross, a bullish technical indicator, as its 50-day SMA crossed over its 200-day SMA. The company, known for its dividend history and growth, has received positive analyst ratings from Morgan Stanley and Wells Fargo, with price targets raised to $165 and $155 respectively. Despite financial concerns, Target's long-term growth potential is supported by its dividend history, reasonable forward P/E ratio, and strategic initiatives.

Portfolio Pulse from Surbhi Jain

January 19, 2024 | 5:05 pm

PWOD

UBFO

United Security (NASDAQ:UBFO) has declared a dividend of $0.12 per share with an annualized yield of 5.59%, payable on January 19, 2024, to shareholders of record as of January 3, 2024. The company has shown a positive trend in dividend growth from $0.44 to $0.47 per share from 2020 to 2023 and an increase in earnings per share from $0.52 to $1.16 over the same period. This suggests a strong financial health and potential for future dividend increases. Penns Woods Bancorp (NASDAQ:PWOD) is mentioned as having the highest annualized dividend yield at 6.14% among industry peers.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:05 pm

HLIO

KMT

Helios Technologies (NYSE:HLIO) maintains a steady dividend payout of $0.09 per share, with an annualized yield of 0.89%. The company has shown consistent dividend payments over the years and has experienced earnings growth from $2.18 to $2.75 per share from 2020 to 2023. Kennametal (NYSE:KMT) has the highest annualized dividend yield among industry peers at 3.29%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:05 pm