Streetbeat News

Dividends

Procter & Gamble (NYSE:PG) has announced that shareholders as of Wednesday's session will be eligible for a quarterly dividend of 94.07 cents per share, with the ex-dividend date being Thursday. The stock is expected to open lower by the dividend amount on that day. The dividend is scheduled to be paid on February 15, 2024.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 2:45 pm

GDC

LILAK

SKM

SPHR

Benzinga Insights identifies value stocks in the communication services sector based on low P/E ratios. Sphere Entertainment (SPHR), SK Telecom Co (SKM), Verizon Communications (VZ), GD Culture Group (GDC), and Liberty Latin America (LILAK) are highlighted. SPHR, GDC, and LILAK showed changes in earnings per share, while VZ reported a decrease in dividend yield. Value stocks carry the risk of not rebounding from undervalued positions.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 2:43 pm

ABR

RITM

SEVN

TCI

VTMX

The article provides an overview of value stocks in the real estate sector, focusing on companies with low P/E multiples. Arbor Realty Trust (ABR), Transcontinental Realty (TCI), Seven Hills Realty Trust (SEVN), Rithm Capital (RITM), and Corporacion Inmobiliaria (VTMX) are highlighted as notable value stocks. The article includes recent financial performance such as Q3 earnings per share and changes in dividend yields for these companies. Benzinga Insights selected these stocks based on quantified analysis for investor insight.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 2:39 pm

KALU

METC

RGLD

Royal Gold, Inc. will present at the CIBC conference on Jan. 17. Kaiser Aluminum Corporation declared a quarterly dividend of $0.77/share, payable on Feb. 15, with a neutral rating and a lowered price target from JPMorgan. Bragar Eagel & Squire is investigating Ramaco Resources, Inc. for potential legal violations after a report questioned the profitability of its mining claims and noted insider stock sales.

Portfolio Pulse from Austin DeNoce

January 12, 2024 | 9:21 pm

DAL

FLXS

WIT

Wipro Limited (NYSE:WIT) shares surged over 16% after reporting Q3 results, guidance, and an interim dividend. Other stocks showed significant movement in Friday's mid-day session, with various gainers such as Charge Enterprises, Inc. (NASDAQ:CRGE) and losers like Genius Group Limited (NYSE:GNS). Notable movements included Flexsteel Industries, Inc. (NASDAQ:FLXS) rising after strong Q2 preliminary results and Delta Air Lines, Inc. (NYSE:DAL) falling post Q4 financial results and 2024 guidance.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 6:28 pm

Goldman Sachs (GS) is anticipated to release Q4 earnings on Jan. 16, 2023, with expected earnings of $3.41 per share on revenue of $10.80 billion. UBS and JPMorgan raised their price targets for GS to $440 and $421, respectively. GS Asset Management closed the West Street Life Sciences I fund above its target with $650 million in equity commitments. GS has a dividend yield of 2.90%, with a quarterly dividend of $2.75 per share. To earn $500 monthly in dividends, an investor would need 545 shares, valued at approximately $206,964. GS shares fell 0.6% to close at $379.75 recently.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 3:43 pm

WIT

Wipro Ltd (NYSE:WIT) shares rose despite reporting a quarterly revenue decline of 1.4% Q/Q, missing consensus estimates. The company's EPS matched expectations, but IT Services revenue fell by 2.1% Q/Q. Operating margin slightly decreased, while net income increased by 1.8%. Wipro announced an interim dividend and provided a Q4 outlook with potential revenue decline or slight increase. The CEO emphasized investments in AI under the ai360 strategy. WIT shares surged by 17.04% to $6.28.

Portfolio Pulse from Lekha Gupta

January 12, 2024 | 3:20 pm

CTRE

MPW

CareTrust REIT (NYSE:CTRE) distributed a dividend of $0.28 per share, with an annualized yield of 4.99%. The dividend reflects a positive growth pattern from 2020 to 2023, with dividends per share increasing from $1.00 to $1.12 and earnings per share growing from $1.36 to $1.43. CareTrust REIT's financial health appears strong, and it is positioned in the middle of its industry peers in terms of dividend yield, with Medical Properties Trust (NYSE:MPW) having the highest yield at 24.93%.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 3:05 pm

ALCO

LND

Alico, Inc. (NASDAQ:ALCO) has paid out a dividend of $0.05 per share, with an annualized yield of 0.67%. The dividend payout has decreased significantly from $0.50 in 2021 to $0.05 in 2023. Alico's earnings per share have also declined from $0.23 in 2020 to $-3.22 in 2023, indicating financial challenges and raising concerns about future dividend sustainability. In comparison, Brasilagro - Cia Bras (NYSE:LND) offers a higher annualized dividend yield of 12.76%, outperforming Alico in terms of yield.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 3:05 pm

EMBC

XRAY

Dentsply Sirona (NASDAQ:XRAY) is set to distribute a dividend of $0.14 per share with an annualized yield of 1.65%. The company has shown a consistent increase in dividend per share from $0.40 in 2020 to $0.56 in 2023, and an increase in earnings per share from $1.65 in 2020 to $1.85 in 2023. This suggests a strong financial position and the potential for continued dividend growth. Embecta (NASDAQ:EMBC) has the highest annualized dividend yield in the industry at 3.41%.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 3:05 pm