Streetbeat News

Dividends

MMM

TRN

UPS

The article highlights three industrial stocks with over 4% dividend yields, as rated by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. Trinity Industries (TRN) has a dividend yield of 4.51% with mixed analyst ratings and a recent in-line quarterly earnings report. 3M Company (MMM) offers a 5.55% dividend yield, with an analyst upgrade and a new $34.2 million award for wound treatment improvements. United Parcel Service (UPS) has a 4.09% dividend yield, with a downgrade from Daiwa Capital and a reported revenue decline in the third quarter.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 12:48 pm

MBWM

Mercantile Bank Corporation (NASDAQ:MBWM) has increased its quarterly cash dividend to $0.35 per share, which is a 3% increase from the previous quarter and a 6% increase from the same quarter last year. The dividend is payable on March 13, 2024, to shareholders of record as of March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 10:10 am

MGA

Magna International Inc (NYSE:MGA) unveiled its 800V eDrive technology at CES 2024, which could revolutionize the EV market with its high efficiency, power-to-weight ratio, and torque density. The eDrive's unique ability to rotate 90 degrees around the drive axis enhances vehicle design flexibility. Magna also introduced a road safety technology for detecting alcohol levels in drivers, addressing a significant safety concern. Despite a 20% drop from its 52-week highs, Magna remains a solid dividend stock with a forward yield of 3.24%.

Portfolio Pulse from Surbhi Jain

January 15, 2024 | 4:48 pm

ORC

STWD

Starwood Prop Trust (NYSE:STWD) maintains its dividend payout at $0.48 per share, resulting in an 8.84% annualized yield. The company has shown consistent dividend payments and a slight increase in earnings per share from $1.95 to $1.97 from 2020 to 2023. Starwood's financial health appears stable, with a steady dividend policy, which is positive for income-seeking investors. Its peer, Orchid Island Cap (NYSE:ORC), has a higher annualized dividend yield of 16.61%.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 3:05 pm

MPWR

UMC

Monolithic Power Systems (NASDAQ:MPWR) is set to pay a dividend of $1.00 per share on January 15, 2024, with an annualized yield of 0.63%. Shareholders as of December 28, 2023, will be eligible. The company has shown a positive trend in dividend growth from $2.00 in 2020 to $4.00 in 2023 and an increase in earnings per share from $4.76 in 2020 to $12.07 in 2023. This suggests a strong financial health and potential for future dividend increases. United Microelectronics (NYSE:UMC) has the highest annualized dividend yield in the industry at 7.22%.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 3:05 pm

GLQ

Clough Global Equity (AMEX:GLQ) announced a monthly dividend of 6.03 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will likely open 6.03 cents lower. The dividend is payable on January 31, 2024.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 2:45 pm

ASG

Liberty All Star Growth (NYSE:ASG) announced a quarterly dividend of 11 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on March 04, 2024. The stock is expected to open 11 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 2:45 pm

USA

Liberty All Star Equity (NYSE:USA) announced a quarterly dividend of 17 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 17 cents lower to reflect the payout. The dividend is scheduled to be paid on March 04, 2024.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 2:45 pm