Streetbeat News

Dividends

MFV

MFS Special Value (NYSE:MFV) announced a monthly dividend of 3.65 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, payable on January 31, 2024. The stock is expected to open 3.65 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:45 pm

FINS

Monday is the last day for investors to buy Angel Oak Financial (NYSE:FINS) shares to be eligible for its monthly dividend payout of 10.9 cents per share. The stock will go ex-dividend on Tuesday, which means it will likely open 10.9 cents lower to reflect the dividend payout. Shareholders owning the stock by the end of Monday's session will receive the dividend on January 31, 2024.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:45 pm

GFL

GFL Environmental (NYSE:GFL) has announced a quarterly dividend of 1.3 cents per share, with Monday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Tuesday, meaning it will likely open 1.3 cents lower to reflect the payout. The dividend is scheduled to be paid on January 31, 2024, to shareholders who own the stock by the end of Monday's session.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:45 pm

AR

CPE

DHT

FRO

GPRK

Benzinga Insights identifies value stocks in the energy sector with low P/E ratios, including GeoPark, Antero Resources, Callon Petroleum, DHT Holdings, and Frontline. The article provides recent earnings per share data and dividend yield changes for these companies, noting that while they may be undervalued, there is a risk that they may not rebound.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:39 pm

OPI

Office Properties Income Trust (NASDAQ:OPI) announced a significant reduction in its quarterly dividend from $0.55 to $0.01 per share to increase liquidity, resulting in a $47 million annual liquidity boost and a $105 million increase compared to the Q1 2023 dividend rate. This decision comes in response to deteriorating market conditions. OPI shares dropped 19.35% to $5.00 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 2:21 pm

MMM

Marc Chaikin, founder and CEO of Chaikin Analytics, recommends buying 3M Co (NYSE:MMM) stock, citing its potential for upside despite a more than 10% decline in 2023 due to business-specific headwinds and legal disputes. Chaikin highlights 3M's history of innovation, like the Post-It-Note, and notes a recent Golden Cross on the technical charts, which could signal a bullish trend. 3M is addressing litigation risks, improving operational efficiencies, and leveraging strong free cash flow, which may lead to recovery and dividend growth. The stock also has an attractive valuation with a low P/E ratio compared to the sector median and a high dividend yield.

Portfolio Pulse from Surbhi Jain

January 11, 2024 | 2:14 pm

OPI

RELL

SPEC

Spectaire (SPEC) has signed a distribution agreement with MLab and Mosolf to distribute its AireCore Emissions System in Europe, causing its stock to rise by 70%. Office Properties Income Trust (OPI) saw its shares drop by 17% after announcing a reduction in its quarterly dividend to $0.01 per share. Richardson Electronics (RELL) experienced a 14% decline in its stock price after reporting a Q2 EPS of $(0.13), missing the $0.01 estimate, and sales of $44.13M, which fell short of the $52.00M estimate.

Portfolio Pulse from ryanfaloona@benzinga.com

January 11, 2024 | 1:47 pm

OPI

Office Properties Income Trust (OPI) shares have declined following the company's announcement of a reduced quarterly dividend to $0.01 per share.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:43 pm

OPI

Office Properties Income Trust (NASDAQ:OPI) has significantly reduced its quarterly dividend from $0.25 to $0.01 per share to improve liquidity and financial flexibility. The reduction is expected to increase OPI's annual liquidity by approximately $47 million compared to the last quarter and by $105 million compared to Q1 2023. The new dividend rate will be effective for shareholders of record as of January 22, 2024, with distribution around February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:10 pm

ABR

AGNC

NLY

Wall Street's most accurate analysts have recommended three financial stocks with high-dividend yields: AGNC Investment Corp. (AGNC), Annaly Capital Management, Inc. (NLY), and Arbor Realty Trust, Inc. (ABR). AGNC has a dividend yield of 14.50% and received an Outperform rating with a raised price target from Keefe, Bruyette & Woods and a cut price target from JP Morgan. NLY, with a 13.33% yield, also received an Outperform rating and a raised price target from Keefe, Bruyette & Woods and a cut price target from JP Morgan. ABR has an 11.36% yield and received an Outperform rating with a maintained price target from Wedbush and a raised price target from Raymond James. AGNC and NLY reported their Q3 results, with AGNC beating EPS expectations and NLY reporting a GAAP loss. ABR announced an increase in its share repurchase program.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 12:18 pm