Streetbeat News

Dividends

JBHT

J.B. Hunt Transport Services has announced an increase in its quarterly dividend from $0.42 to $0.43 per share.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 8:18 pm

WEC

WEC Energy Group (NYSE:WEC) has announced a 7% increase in its quarterly dividend, from $0.78 to $0.835 per share, marking the 326th consecutive quarter of dividend payments since 1942. The new annual dividend rate will be $3.34 per share, payable on March 1, 2024, to shareholders of record as of February 14, 2024. This continues the company's 21-year streak of dividend increases, with a targeted payout of 65 to 70 percent of earnings.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 8:02 pm

DFS

HTZ

KEY

NVCR

TLT

TSLA

USO

U.S. stocks showed mixed performance with tech leading due to AI optimism. Labor data indicated a strong job market. Fed's Bostic suggested rate cuts could start in Q3 if inflation slows. The dollar and Treasury yields rose, while bonds and Bitcoin fell. Oil prices increased after the IEA raised its demand forecast. Major indices and ETFs had varied results, with tech and semiconductors gaining, while utilities and real estate declined. Notable stock movements included NovoCure, Hertz, Tesla, and various chipmakers, while Discover Financial and KeyCorp dropped after earnings misses.

Portfolio Pulse from Piero Cingari

January 18, 2024 | 7:22 pm

KHC

Kraft Heinz Co (NASDAQ:KHC), a top holding of Warren Buffett's Berkshire Hathaway, recently exhibited a bullish Golden Cross signal on its stock chart. The company's fundamentals are improving with strategic reinvestments in marketing and product innovation, contributing to bottom-line growth. Despite past performance issues, Kraft Heinz has outperformed the S&P 500 since October with a 16.5% total return. The stock offers a solid dividend yield and is engaged in a $3 billion share repurchase program, indicating a potential value stock for long-term returns.

Portfolio Pulse from Surbhi Jain

January 18, 2024 | 3:43 pm

FAST

Fastenal Company (NASDAQ:FAST) reported Q4 fiscal 2023 sales growth of 3.7% Y/Y to $1.759 billion, surpassing consensus estimates. Net daily sales growth also increased by 3.7% YoY, with higher unit sales driven by growth at Onsite locations and large customers. The company's Q4 EPS was $0.46, beating the consensus of $0.45. Gross margin expanded to 45.5%, and operating income rose 6.3% Y/Y to $353.9 million. FAST's digital sales represented 58.1% of total sales, and operating cash flow increased significantly. A dividend of $0.39 per share was declared, payable on February 29, 2024. FAST shares rose 7.13% to $67.90 following the report.

Portfolio Pulse from Akanksha Bakshi

January 18, 2024 | 3:12 pm

INTU

SAP

Intuit (NASDAQ:INTU) will pay a dividend of $0.90 per share on January 18, 2024, with an annualized yield of 0.64%. Shareholders as of January 09, 2024, will be eligible. Intuit's dividend per share has grown from $2.24 in 2020 to $3.36 in 2023, and earnings per share have increased from $8.40 to $15.24 over the same period, indicating a strong financial position and potential for future dividend increases. SAP (NYSE:SAP) has the highest annualized dividend yield in the industry at 1.42%.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:05 pm

DALN

NYT

New York Times (NYSE:NYT) is distributing a dividend of $0.11 per share with an annualized yield of 0.93%. The ex-dividend date was January 02, 2024. The company has shown a positive trend in dividend per share growth from $0.24 in 2020 to $0.44 in 2023 and an increase in earnings per share from $1.00 to $1.53 over the same period. This indicates a strong financial health and commitment to shareholder value. DallasNews (NASDAQ:DALN) has the highest annualized dividend yield in the industry at 15.09%.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:05 pm

FMC

UAN

FMC Corporation (NYSE:FMC) will pay a dividend of $0.58 per share on January 18, 2024, with an annualized yield of 3.85%. Shareholders as of December 28, 2023, will be eligible. FMC's dividend per share has increased from $1.80 in 2020 to $2.32 in 2023, indicating a focus on shareholder returns despite a decrease in earnings per share from $6.54 in 2020 to $5.08 in 2023. This strategy places FMC in the middle of its industry peers in terms of yield, while CVR Partners (NYSE:UAN) has the highest yield at 39.35%.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:05 pm

DOC

MPW

Physicians Realty Trust (NYSE:DOC) is distributing a dividend of $0.23 per share with an annualized yield of 7.01%. Shareholders as of January 2, 2024, are eligible. The company has maintained a steady dividend since 2020, but earnings per share decreased from $1.06 to $1.00 from 2020 to 2023, raising concerns about future dividend sustainability. Medical Properties Trust (NYSE:MPW) has the highest yield in the industry at 28.66%.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:05 pm

HONE

WASH

HarborOne Bancorp (NASDAQ:HONE) is distributing a $0.07 per share dividend with an annualized yield of 2.52%. The ex-dividend date was January 3, 2024, and the dividend is payable on January 18, 2024. The company has shown a positive trend in dividend per share growth from $0.20 in 2021 to $0.30 in 2023, and earnings per share growth from $0.58 to $0.74 over the same period. HarborOne's dividend yield is moderate compared to industry peers like Washington Trust Bancorp (NASDAQ:WASH), which has a 7.73% yield.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:05 pm