Streetbeat News

Dividends

NVO

Novo Holdings, the main owner of Novo Nordisk A/S (NYSE:NVO), plans to use dividends from NVO's successful weightloss drugs Ozempic and Wegovy for strategic investments, particularly in Asia. Despite challenges such as interest rates and geopolitics, Novo Holdings is set for an active dealmaking role, with its annual payout expected to nearly double. NVO's share price saw a slight decrease in premarket trading.

Portfolio Pulse from Vandana Singh

January 19, 2024 | 1:30 pm

HST

RHP

UDR

Wall Street's most accurate analysts recommend buying three real estate stocks with high dividend yields: Ryman Hospitality Properties, Inc. (RHP), Host Hotels & Resorts, Inc. (HST), and UDR, Inc. (UDR). These stocks are considered attractive during market uncertainty due to their strong dividend payouts. RHP has a dividend yield of 3.91% and received a price target increase from Truist Securities and Wells Fargo. HST, with a 3.31% yield, was upgraded by B of A Securities and initiated with a Buy rating by HSBC. UDR offers a 4.51% yield but had its price target cut by Keybanc and JP Morgan after reporting disappointing Q3 revenue and a lowered FY23 AFFO guidance.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 1:29 pm

RPRX

Royalty Pharma has announced an increase in its quarterly dividend from $0.20 to $0.21 per share.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:23 pm

RPRX

Royalty Pharma has announced an increase in its quarterly dividend from $0.17 to $0.21, which is a 5% increase from the previous quarter's dividend.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:16 pm

DFS

Discover Financial Services (NYSE:DFS) reported a significant drop in Q4 profit by 62%, with earnings of $1.54 per share missing the expected $2.52. Revenue exceeded estimates at $4.196 billion. Loans grew by 15% year-over-year, and the net charge-off rate was 4.11%. The company declared semi-annual dividends for its Series C and D stock. Following the earnings report, DFS shares fell by 10.8%, and analysts from Barclays and HSBC revised their price targets downward, with HSBC also downgrading the stock from Buy to Hold.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 12:25 pm

JBHT

J.B. Hunt Transport Services Inc (NASDAQ:JBHT) reported Q4 FY23 results with a 9% Y/Y revenue decline to $3.30 billion, slightly above consensus. Operating income dropped 28% Y/Y, and EPS of $1.47 missed estimates. The company announced a dividend hike and has $392 million left for share repurchases. Despite lower volumes and revenue per load, shares rose 3.60% premarket Friday.

Portfolio Pulse from Lekha Gupta

January 19, 2024 | 12:24 pm

SLB

Schlumberger's Board of Directors has approved a 10% increase in the quarterly cash dividend, raising it from $0.250 to $0.275 per share. The new dividend will be payable on April 4, 2024, to stockholders of record as of February 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:56 am

BLK

BlackRock's Canada-based unit has announced the January 2024 cash distributions for iShares ETFs listed on the Toronto Stock Exchange (TSX) and Cboe Canada. This announcement is relevant for investors holding these ETFs as it pertains to the dividends they will receive.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 10:03 am

ED

Consolidated Edison has increased its quarterly dividend from $0.81 to $0.83 per share, resulting in an annualized increase of 8 cents from the previous $3.24 per share. The new dividend will be payable on March 15, 2024, to shareholders on record as of February 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 10:09 pm

VLO

Valero Energy has announced an increase in its regular quarterly cash dividend from $1.02 to $1.07 per share, payable on March 4, 2024, to shareholders of record as of February 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:10 pm