Streetbeat News

Dividends

DX

Dynex Cap (NYSE:DX) has announced a monthly dividend of 13 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 13 cents lower to reflect the payout. Shareholders who own DX as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on November 01, 2023.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 2:45 pm

ATR

AptarGroup (NYSE:ATR) has announced a quarterly dividend of 41 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 16, 2023.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 2:45 pm

SLB

Schlumberger, during a conference call, has reiterated its goal to return $2B to its shareholders this year.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:50 pm

SLB

Schlumberger N.V. (NYSE:SLB) reported an 11% YoY increase in Q3 FY23 revenue to $8.31 billion, missing the consensus of $8.33 billion. Adjusted EPS increased 24% YoY to $0.78, beating the consensus of $0.77. The company also reported an 18% YoY increase in adjusted EBITDA to $2.08 billion. SLB repurchased 2.6 million shares at an average price of $57.46 per share for a total purchase price of $151 million. The company's Board of Directors approved a quarterly cash dividend of $0.25 per share.

Portfolio Pulse from Akanksha Bakshi

October 20, 2023 | 12:45 pm

FL

KSS

LEG

Three consumer stocks with over 7% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Kohl's Corporation (KSS) with a dividend yield of 9.62%, Leggett & Platt, Incorporated (LEG) with a yield of 7.53%, and Foot Locker, Inc. (FL) with a yield of 7.33%. The analysts have given mixed ratings and price targets for these stocks.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 12:34 pm

T

AT&T Inc (NYSE:T) reported better-than-expected Q3 FY23 results with operating revenues of $30.35 billion, up 1% YoY, beating the consensus of $28.69 billion. Adjusted EPS of $0.64 also beat the consensus of $0.59. The company now expects full-year adjusted EBITDA growth of better than 4% versus prior guidance of 3%+. AT&T offers an annual dividend yield of 7.27%, which is a quarterly dividend amount of $0.2775 per share ($1.11 a year). To earn $500 per month or $6,000 annually from dividends alone, an investment of approximately $82,480 or around 5,405 shares is needed.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 12:22 pm

AAPL

BRK

IPDP

KO

Warren Buffett's Berkshire Hathaway (NYSE:BRK) holds significant stakes in Apple Inc. (NASDAQ:AAPL) and The Coca-Cola Company (NYSE:KO), which together contribute over $1.6 billion in annual dividend income. Berkshire Hathaway's stake in Apple is worth more than $162 billion, providing nearly $900 million a year in dividends. Its Coca-Cola shares are worth over $21 billion, yielding $736 million in dividends. Other dividend contributors include Occidental Petroleum (NYSE:OXY), Chevron (NYSE:CVX), and Bank of America (NYSE:BAC), bringing the total annual dividend income to $4.31 billion. The article also mentions the option of investing in a dividend-focused fund like Innovative Portfolios' Dividend Performers ETF (BATS:IPDP).

Portfolio Pulse from Johnny Rice

October 20, 2023 | 9:55 am

MTDR

Matador Resources Company (NYSE:MTDR) has announced a 33% increase in its quarterly cash dividend from $0.15 to $0.20 per share, starting from Q4 2023. The company also declared a quarterly cash dividend of $0.20 per share payable on December 1, 2023. Additionally, Matador has amended its credit agreement, increasing the borrowing base from $2.25 billion to $2.5 billion, the maximum facility amount from $1.5 billion to $2.0 billion, and the elected commitment from $1.25 billion to $1.325 billion. JPMorgan Chase Bank has joined the bank group.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 8:25 pm

SRCE

1st Source Corporation has announced an increase in its dividend from $0.32 to $0.34.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:09 pm

FDBC

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) has announced a 6% increase in its quarterly dividend from $0.36 to $0.38 per share. This marks the ninth consecutive year of dividend increases for the company. The dividend will be payable on December 8, 2023, to shareholders of record as of November 17, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 7:57 pm