Streetbeat News

Dividends

Dynex Capital (NYSE:DX) has announced a monthly dividend of 13 cents per share, with the ex-dividend date set for Monday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid on February 1, 2024. The stock is expected to open 13 cents lower on Monday to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:45 pm

AER

MDU

PRG

UAL

ULH

Benzinga Insights identified five value stocks in the industrials sector based on low P/E ratios, indicating potential undervaluation. The stocks include PROG Holdings (PRG), AerCap Holdings (AER), United Airlines Holdings (UAL), Universal Logistics Holdings (ULH), and MDU Resources Group (MDU). The article provides recent earnings per share (EPS) data and dividend yield information, noting changes from the previous quarter. PROG, ULH, and UAL experienced a decrease in EPS, while AER saw an increase. MDU's EPS remained unchanged, and both MDU and ULH reported increased dividend yields.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:41 pm

BEPC

ENIC

SPH

TAC

Benzinga Insights has identified five value stocks in the utilities sector based on low P/E ratios and recent financial performance. Enel Chile (ENIC) and TransAlta (TAC) reported increases in EPS, while Brookfield Renewable (BEPC) and Suburban Propane Partners (SPH) saw decreases. Hawaiian Electric Indus (HE) reported an increase in EPS. Dividend yields varied, with ENIC's and SPH's decreasing, BEPC's and HE's increasing, and TAC's slightly decreasing.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:38 pm

GBDC

Golub Capital BDC, Inc. (GBDC) announced preliminary financial results for Q1 of fiscal year 2024, with adjusted EPS of $0.43 compared to $0.47 in the previous quarter. The company reported net investment income per share between $0.48 and $0.50 and adjusted net investment income per share between $0.49 and $0.51. Net realized/unrealized loss per share was between $(0.05) and $(0.03). The estimated net asset value per share is between $15.01 and $15.05 as of December 31, 2023. GBDC originated $58.6 million in new middle-market investment commitments, with total investments at fair value decreasing by approximately $72.9 million. The GAAP debt-to-equity ratio decreased to 1.21x, and the effective GAAP debt-to-equity ratio to 1.18x. Non-accrual investments remained at nine, representing about 1.1% of total investments at fair value. GBDC's board declared a quarterly distribution of $0.39 per share, payable on March 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:57 pm

GBDC

Golub Capital BDC, Inc. (NASDAQ:GBDC) announced preliminary financial results for Q1 ended December 31, 2023, showing strong performance with record Adjusted Net Investment Income per share and robust credit quality. Consequently, GBDC increased its base quarterly distribution from $0.37 to $0.39 per share. Additionally, GBDC's investment adviser, GC Advisors LLC, agreed to reduce income and capital gain incentive fee rates from 20.0% to 15.0%.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:52 pm

GBDC

Golub Capital BDC, Inc. (GBDC) has announced a definitive merger agreement with Golub Capital BDC 3, Inc. (GBDC 3), with GBDC as the surviving entity. Post-merger, GBDC's total assets at fair value are expected to rise from $5.5 billion to $8.1 billion, with investments in over 340 portfolio companies. The merger is subject to stockholder and regulatory approvals and is expected to close in Q2 2024. GBDC's investment adviser, GC Advisors LLC, has agreed to reduce incentive fees from 20% to 15%, effective January 1, 2024. The merger is anticipated to be accretive to GBDC's net investment income per share, and GBDC has increased its quarterly base distribution by over 5% to $0.39 per share, payable on March 29, 2024. Additional special distributions totaling $0.15 per share are also planned post-merger. GBDC will remain externally managed by GC Advisors, and all officers and directors will retain their roles.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:50 pm

CFG

Citizens Financial Group Inc (CFG) shares dropped after reporting Q4 FY23 earnings with a 10% Y/Y revenue decline to $1.988 billion, missing estimates. Net interest income fell 12% Y/Y, and adjusted net income decreased 38% Y/Y, although adjusted EPS beat estimates. The company announced a quarterly dividend of $0.42 per share and expects to resume share repurchases in Q1 FY24. FY24 outlook anticipates a 6%-9% Y/Y decline in net interest income.

Portfolio Pulse from Lekha Gupta

January 17, 2024 | 1:31 pm

AAPL

Apple Inc. (AAPL) is considering reducing iPhone prices in China by up to 500 yuan ($70) due to increased competition. The company may also avoid an import ban on its latest Apple Watch models after a patent dispute with Masimo Corporation. Apple's current dividend yield is 0.52%, with a quarterly dividend of 24 cents per share. To earn $500 a month in dividends, an investor would need to own approximately 6,250 shares, valued at $1,147,688. For a $100 monthly dividend, 1,250 shares or $229,538 would be required. Dividend yields fluctuate with stock price and dividend changes. Apple shares fell 1.2% to close at $183.63 on Tuesday.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:01 pm

PAG

Penske Automotive Group, Inc. (NYSE:PAG) has announced a 10% increase in its quarterly dividend to $0.87 per share, as approved by its Board of Directors. The company is a leading international transportation services provider and a top retailer of automotive and commercial trucks.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 12:01 pm

GLW

SIMO

XRX

The article discusses three high-yielding dividend stocks in the tech sector with recent analyst ratings. Xerox Holdings Corporation (XRX) has a dividend yield of 6.21% but faces a workforce reduction and downgraded price targets. Silicon Motion Technology Corporation (SIMO) has a 3.15% yield and positive preliminary revenue growth, with analysts maintaining positive ratings. Corning Incorporated (GLW) offers a 3.71% yield but reported a sales decline, with mixed analyst ratings.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 11:43 am