Streetbeat News

Dividends

BSM

BTU

DNOW

E

MTDR

The article provides an overview of notable value stocks in the energy sector, focusing on their price-to-earnings (P/E) ratios and recent performance in terms of earnings per share (EPS) and dividend yields. Peabody Energy (BTU), Black Stone Minerals (BSM), Eni (E), Matador Resources (MTDR), and NOW (DNOW) are identified as value stocks with low P/E multiples. The article highlights changes in EPS and dividend yields from Q2 to the most recent quarter, with mixed results among the companies.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 2:39 pm

DFS

Discover Financial Services (NYSE:DFS) stock declined after reporting Q4 earnings of $1.54 per share, missing analyst estimates of $2.52 per share. Revenue increased 13% YOY to $4.196 billion, and total loans grew by 15% to $128.4 billion. The net charge-off rate was 4.11%. Digital Banking pretax income decreased due to higher credit loss provisions and operating expenses, while Payment Services income rose due to higher PULSE revenue. Discover declared semi-annual dividends for its Series C and D stock and is positioned for growth in 2024.

Portfolio Pulse from Adam Eckert

January 18, 2024 | 2:13 pm

KEY

KeyCorp (NYSE:KEY) reported Q4 FY23 earnings with revenues down 19% Y/Y at $1.538 billion, slightly above consensus. Net interest income decreased 24.4% Y/Y to $928 million, and net interest margin dropped to 2.07%. Consumer and Commercial Bank revenues also fell. However, provision for credit losses decreased, and the CET1 ratio improved to 10.0%. Adjusted EPS of $0.25 beat estimates. Average loans and deposits declined. The company declared a dividend and the CEO highlighted balance sheet optimization success. KEY shares dropped 2.89% in premarket trading.

Portfolio Pulse from Lekha Gupta

January 18, 2024 | 1:53 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) shares closed slightly lower on Wednesday. Activision, a Microsoft entity, warned 'Call of Duty' players about its anti-cheat technology, Ricochet. Microsoft is launching a $20/month AI subscription service for consumers and small businesses. Ahead of its Q2 earnings report on Jan. 30, 2024, the article discusses how investors can earn $500 a month from Microsoft's dividends, requiring an investment of approximately $778,940, based on the current annual dividend yield of 0.77% or $3.00 per share annually.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 1:43 pm

CC

IP

SON

The article discusses three high-yielding dividend stocks in the materials sector, recommended by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. The Chemours Company (CC) has a dividend yield of 3.47% and received mixed ratings with a price target cut. Sonoco Products Company (SON) offers a 3.64% yield and was downgraded to Hold, with a price increase announcement for its products. International Paper Company (IP) has the highest yield at 5.01%, with a Hold rating and a mixed direction in price targets. All companies are facing market turbulence and have recent news affecting their outlook.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 12:22 pm

OKE

ONEOK Inc (NYSE:OKE) announced a 3.7% increase in its quarterly dividend to $0.99 per share and a new $2 billion share repurchase program to be completed over the next four years. The company also aims for an annual dividend growth rate of 3% to 4% and expects to allocate 75% to 85% of its forecasted cash flow from operations after capital expenditures to dividends and buybacks. ONEOK maintains its target debt-to-EBITDA ratio of about 3.5x. OKE shares saw a premarket increase of 0.94% to $69.71.

Portfolio Pulse from Lekha Gupta

January 18, 2024 | 11:21 am

TSM

Taiwan Semiconductor Manufacturing Company's (TSMC) board has approved an increase in the quarterly cash dividend to NT$3.50 per share for Q3 FY23, up from NT$3.00 in Q2 FY23 and NT$2.75 in Q3 FY22. The ex-dividend date is set for March 18, with the record date on March 24 and the distribution date on April 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:37 am

KMI

Kinder Morgan, Inc. (KMI) experienced volatility after reporting Q4 earnings that missed analyst estimates. Adjusted earnings were $0.28 per share, below the expected $0.30, and sales were $4.04 billion, missing the $4.41 billion estimate. Despite the miss, KMI increased its 2024 financial guidance post the STX Midstream acquisition, projecting higher earnings per share, DCF per share, and Adjusted EBITDA, with a lower leverage ratio by year-end 2024. The company's dividend expectation for 2024 remains at $1.15 per share.

Portfolio Pulse from Ryan Gustafson

January 17, 2024 | 10:51 pm

DHT

DHT Holdings, Inc. (NYSE:DHT) provided a business update estimating its P&L break-even level at $27,500 per day for 2024. The cash break-even level has improved to $18,600 per day for the fleet and $13,800 for the spot market fleet. This was achieved by pre-paying the Nordea credit facility installments for 2024 using the ING revolving credit facility. DHT commits to paying 100% of net income in dividends and expects discretionary cash flow after dividends to be about $76 million for 2024, which can be used for fleet investments or corporate purposes. The CEO expressed a positive market outlook and a focus on rewarding shareholders, maintaining high governance standards, and executing a strategic market approach.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:17 pm

OKE

ONEOK, Inc. has announced a 3.7% increase in its quarterly dividend, raising it to $0.99 per share.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:17 pm