Streetbeat News

Dividends

CBNK

Capital Bancorp has announced an increase in its quarterly dividend from $0.08 to $0.10 per share.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:20 pm

FEIM

Frequency Electronics (FEIM) has declared a special cash dividend of $1.00 per share.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:16 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) is set to release its Q2 financial results on July 22. Analysts expect earnings of $3.21 per share and revenue of $3.13 billion. The company recently approved an interim dividend of $1.014 per share. Analyst ratings have been mixed, with price targets ranging from $220 to $350.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 3:21 pm

BRO

Brown & Brown, Inc. (NYSE:BRO) is set to release its Q2 earnings on July 22, with analysts expecting an EPS of 88 cents and revenue of $1.14 billion. The company recently declared a quarterly dividend of 13 cents per share. To earn $500 monthly from dividends, an investment of approximately $1,066,803 is required.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 12:56 pm

AXP

CWEN

MMM

On CNBC's 'Halftime Report Final Trades,' analysts discussed Clearway Energy, American Express, and 3M. Clearway Energy has a 6.5% dividend yield and will report Q2 results on Aug. 1. American Express reported solid earnings but missed sales estimates, while 3M is undergoing a long-term turnaround with recent executive changes.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 12:47 pm

AVA

AY

UGI

Wall Street's most accurate analysts recommend holding three high-yielding utilities stocks: Atlantica Sustainable Infrastructure (AY), UGI Corporation (UGI), and Avista Corporation (AVA). These stocks offer dividend yields over 5% and have received mixed ratings from analysts.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 12:18 pm

EPRT

IVT

O

SVC

Four real estate stocks, InvenTrust Properties Corp (IVT), Service Properties Trust (SVC), Essential Properties Realty Trust Inc (EPRT), and Realty Income Corp (O), are showing overbought signals with high RSI values, indicating potential short-term declines. Investors should be cautious as these stocks may face downward pressure.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 11:52 am

AFCG

SONS

AFC Gamma, Inc. (NASDAQ:AFCG) is spinning off its commercial real estate business into Sunrise Realty Trust (NASDAQ:SONS). AFC Gamma will focus on cannabis lending, while Sunrise Realty Trust will explore growth in the commercial real estate market. The spin-off aims to enhance shareholder value and streamline operations.

Portfolio Pulse from Nicolás Jose Rodriguez

July 20, 2024 | 4:47 pm

KSM

DWS Strategic Municipal Income Trust (NYSE:KSM) announced that its Board of Trustees has approved a Plan of Liquidation and Termination for the Fund. The final liquidating distribution is expected to be made on or about November 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 8:36 pm

SLB

Schlumberger N.V. (NYSE:SLB) reported a strong Q2 2024 with a 13% YoY revenue increase to $9.139 billion, beating expectations. The company saw significant international growth, particularly in the Middle East & Asia, and strong performance in its digital and core businesses. Adjusted EPS rose 18% YoY to $0.85, and the company declared a quarterly dividend of $0.275 per share. SLB also repurchased 9.9 million shares for $465 million and aims to return $3.0 billion to shareholders in 2024.

Portfolio Pulse from Akanksha Bakshi

July 19, 2024 | 1:47 pm