Streetbeat News

Dividends

IVR

SACH

Sachem Cap (AMEX:SACH) is issuing a dividend of $0.11 per share with an annualized yield of 11.40%. The ex-dividend date was December 28, 2023, and the dividend is payable on January 10, 2024. Sachem Cap has maintained a consistent dividend per share of $0.48 from 2020 to 2023 and has shown earnings growth from $0.32 to $0.44 per share over the same period. The company's financial health and stable dividend policy are positive indicators for income-seeking investors. In comparison, Invesco Mortgage Capital (NYSE:IVR) has a higher annualized dividend yield of 17.60%.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 3:05 pm

FSK

Bank of New York Mellon (NYSE:BK) has issued a dividend payout of $0.42 per share with an annualized yield of 4.02%. The dividend is for shareholders who held the stock before the ex-dividend date of October 26, 2023. The company has shown a positive trend in dividend per share growth from $1.24 in 2020 to $1.58 in 2023, and earnings per share growth from $4.05 to $5.08 over the same period. This indicates a strong financial health and a potential to maintain or increase dividend payouts. FS KKR Capital (NYSE:FSK) is mentioned as having the highest annualized dividend yield among peers at 13.48%.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 3:05 pm

FISI

GNTY

Guaranty Bancshares (NYSE:GNTY) is distributing a dividend of $0.23 per share with an annualized yield of 2.78%. The ex-dividend date was December 28, 2023, and the dividend is payable on January 10, 2024. The company has shown a positive trend in dividend per share growth from $0.78 in 2020 to $0.92 in 2023, and earnings growth from $2.00 per share to $2.71 per share over the same period. Guaranty Bancshares's dividend yield is moderate compared to its industry peer Financial Institutions (NASDAQ:FISI), which has a yield of 5.57%.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 3:05 pm

DAC

GRNQ

HHS

LUNR

NMM

Benzinga Insights has identified five value stocks in the industrials sector with low P/E ratios, suggesting they may be undervalued. The stocks are Intuitive Machines (LUNR), Harte-Hanks (HHS), Navios Maritime Partners (NMM), Greenpro Capital (GRNQ), and Danaos (DAC). Each company has experienced changes in earnings per share and dividend yields, with some seeing decreases in EPS and others increases, along with varying changes in dividend yields.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:41 pm

ENIC

OPAL

SPH

TAC

Benzinga Insights has identified five value stocks in the utilities sector based on their low P/E ratios, indicating potential undervaluation. The stocks are Suburban Propane Partners (SPH), OPAL Fuels (OPAL), TransAlta (TAC), Hawaiian Electric Industries (HE), and Enel Chile (ENIC). The article provides recent financial metrics for these companies, including changes in earnings per share (EPS) and dividend yields.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:38 pm

JPM

JPMorgan Chase & Co. (JPM) is anticipated to release its Q4 earnings on Jan. 12, 2023, with expected earnings of $3.40 per share on revenue of $39.77 billion. Deutsche Bank analyst Matt O'Connor upgraded JPM from Hold to Buy and increased the price target from $140 to $190. CEO Jamie Dimon remains opposed to cryptocurrencies. JPMorgan's current dividend yield is 2.46%, with a quarterly dividend of $1.05 per share. To earn $500 a month in dividends, an investor would need to own 1,429 shares, valued at approximately $243,873. JPM shares fell 0.8% to close at $170.66 on Tuesday.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 1:15 pm

EOG

PSX

VLO

Analysts with high accuracy rates have provided updates on three energy stocks with over 3% dividend yields: Phillips 66 (PSX), EOG Resources (EOG), and Valero Energy Corporation (VLO). PSX is in talks to sell non-core assets, EOG indicates U.S. oil and gas production growth may slow, and VLO reported a Q3 revenue decline but still saw a price target increase from one analyst.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 12:35 pm

LEN

Lennar Corp (NYSE:LEN) has increased its annual dividend from $1.50 to $2.00 per share, resulting in a quarterly dividend of $0.50 for both Class A and Class B stock, payable on February 7, 2024. Additionally, the Board authorized an expansion of the stock buyback program, allowing for an additional $5 billion in repurchases of Class A or B stock. The company's strong balance sheet and cash position have enabled these shareholder returns. In Q4 2023, Lennar repurchased 3 million shares for $337 million. As of November 30, 2023, Lennar had $6.3 billion in cash and equivalents.

Portfolio Pulse from Shivani Kumaresan

January 10, 2024 | 10:42 am

LEN

Lennar Corporation's Board of Directors has increased the company's annual dividend from $1.50 to $2.00 per share. This increment leads to a quarterly cash dividend of $0.50 per share.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 10:32 pm

EPM

Evolution Petroleum Corporation (NYSE:EPM) has announced the acquisition of non-operated oil and gas assets in Oklahoma from Red Sky Resources and Coriolis Energy Partners for $43.5 million. The assets include approximately 1,550 BOEPD production, 230 producing wells, and 3,700 net acres with over 300 undeveloped locations. The acquisition is expected to be highly accretive to key valuation metrics and self-funding, generating incremental cash flow to support the company's dividend. The transaction will be funded with cash and borrowings from EPM's credit facility, with net debt remaining within targeted leverage post-transaction.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:24 pm