Streetbeat News

Dividends

KMI

Kinder Morgan (KMI) has updated its 2024 financial guidance to include the effects of acquiring STX Midstream assets. The company now expects a 15% increase in EPS to $1.22, an 8% increase in DCF per share to $2.26, and an 8% increase in Adjusted EBITDA to $8.16 billion for 2024. Despite these increases, Kinder Morgan's dividend expectation of $1.15 per share for 2024 remains the same, with a projected year-end Net Debt-to-Adjusted EBITDA ratio of 3.9 times.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:08 pm

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BXP

DEI

EQIX

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MPW

SAFE

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VTR

Shares of Real Estate Investment Trusts (REITs) are trading lower due to an increase in Treasury yields. Higher yields can make dividend-paying assets like REITs less attractive to investors seeking income.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:41 pm

DEO

Diageo plc (NYSE:DEO) closed at $142.85 on Dec. 15, with a 52-week range of $135.63 to $190.02. The company reported a 5% increase in dividends for the final quarter and fiscal year over the previous year and expects to declare an interim dividend for FY ending June 2024 in January. The annualized dividend is $3.08, yielding 2.7%. To earn $1,000 per month from dividends, an investment of approximately $444,444 is needed. Diageo has transitioned to reporting in U.S. dollars and will declare future dividends in USD. The stock price was $145.28 on Dec. 22.

Portfolio Pulse from Shankar Iyer

January 17, 2024 | 5:44 pm

CLPR

CPT

Camden Prop Trust (NYSE:CPT) is distributing a $1.00 per share dividend with an annualized yield of 4.43%. The dividend reflects a steady increase from $3.32 in 2020 to $4.00 in 2023, while earnings per share also grew from $4.93 to $6.80 over the same period. This suggests a strong financial position and potential for continued dividend growth. Clipper Realty (NYSE:CLPR) has a higher yield at 7.35%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:05 pm

JCI

LII

Lennox Intl (NYSE:LII) is set to distribute a dividend of $1.10 per share on January 17, 2024, with an annualized yield of 1.05%. Shareholders as of December 28, 2023, will be eligible. The company has shown a consistent increase in dividends per share from $3.08 in 2020 to $4.36 in 2023, and a significant growth in earnings per share from $9.51 to $16.98 over the same period. This indicates a strong financial position and the potential to sustain dividend distributions. Johnson Controls Intl (NYSE:JCI) has a higher annualized dividend yield of 2.82% among industry peers.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:05 pm

ECO

NAT

Nordic American Tankers (NYSE:NAT) is distributing a $0.06 per share dividend today, with an annualized yield of 5.61%. The dividend trend from 2020 to 2023 has been positive, increasing from $0.45 to $0.49 per share. However, earnings per share have decreased from $0.62 in 2020 to $0.56 in 2023, raising concerns about future dividend sustainability. Okeanis Eco Tankers (NYSE:ECO) has the highest annualized dividend yield in the industry at 18.10%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:05 pm

DEI

OPI

Douglas Emmett (NYSE:DEI) is set to pay a dividend of $0.19 per share on January 17, 2024, with an annualized yield of 5.46%. Shareholders eligible for this dividend must have held the stock before the ex-dividend date of December 28, 2023. The company has seen a decrease in dividend per share from $1.12 in 2020 to $0.76 in 2023, despite an increase in earnings per share from $1.71 to $1.91 over the same period. This suggests a strategic shift towards retaining earnings for reinvestment. Office Props IT (NASDAQ:OPI) has the highest annualized dividend yield in the industry at 21.53%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:05 pm

EGBN

GSBC

Great Southern Bancorp (NASDAQ:GSBC) is set to distribute a dividend of $0.40 per share on January 17, 2024, with an annualized yield of 2.67%. The ex-dividend date was December 29, 2023. The company has shown a positive trend with dividend per share growth from $1.40 to $1.60 between 2021 and 2023, and earnings per share growth from $4.17 to $6.36 over the same period. This suggests a strong financial health and potential for continued profit distribution to shareholders. Eagle Bancorp (NASDAQ:EGBN) has the highest annualized dividend yield among peers at 6.72%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:05 pm

ETW

Eaton Vance Tax-managed Global (NYSE:ETW) will go ex-dividend on Monday, with the last chance for investors to receive the next dividend payout being Friday. The company will pay a monthly dividend of 5.82 cents per share, which will be reflected in the stock trading lower by that amount on the ex-dividend date. Shareholders as of Friday's close are eligible for the dividend, to be paid on January 31, 2024.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:46 pm

BGH

Barings Global Short (NYSE:BGH) will go ex-dividend on Monday, with shareholders as of Friday's close eligible for a monthly dividend of 10.56 cents per share. The stock is expected to open lower by the dividend amount on Monday. Dividends will be paid on February 01, 2024, and investors can reinvest or use the payment as they wish.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:45 pm