Streetbeat News

Dividends

FIBK

INDB

Independent Bank (NASDAQ:INDB) is set to pay a dividend of $0.55 per share on January 5, 2024, with an annualized yield of 3.38% to shareholders on record before December 22, 2023. The company has shown a positive trend in dividend per share growth from $1.84 in 2020 to $2.20 in 2023, and an increase in earnings per share from $3.98 to $5.85 over the same period. This indicates a strong financial position and the potential to sustain dividend distributions. First Interstate BancSys (NASDAQ:FIBK) has a higher annualized dividend yield of 6.21% among industry peers.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 3:05 pm

ECC

Eagle Point Credit Co (NYSE:ECC) has announced a monthly dividend of 14 cents per share, with Tuesday being the last day for investors to own the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on January 31, 2024.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:45 pm

EIC

Eagle Point Income (NYSE:EIC) announced a monthly dividend of 20 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning EIC stock by the end of Tuesday are eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 20 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:45 pm

JOUT

Johnson Outdoors (NASDAQ:JOUT) has announced a quarterly dividend of 33 cents per share, with Tuesday being the last day for investors to buy shares and be eligible for the dividend. The stock will go ex-dividend on Wednesday, meaning it will likely open 33 cents lower. The dividend is scheduled to be paid on January 25, 2024.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:45 pm

ORCL

Oracle (NYSE:ORCL) announced a quarterly dividend of 40 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning ORCL stock by the end of Tuesday are eligible for the dividend, which will be paid on January 25, 2024. The stock is expected to open 40 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:45 pm

EGBN

Eagle Bancorp (NASDAQ: EGBN) has announced a quarterly dividend of 45 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 45 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:45 pm

LGI

Lazard Glb Total Return (NYSE:LGI) announced a monthly dividend of 9.34 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, which will be paid on January 22, 2024. The stock is expected to open 9.34 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:45 pm

ADM

IMKTA

PRDO

The article discusses value stocks in the consumer defensive sector, highlighting five companies with low price-to-earnings (P/E) multiples, suggesting they may be undervalued. Archer-Daniels Midland (ADM), Altria Group (MO), Ingles Markets (IMKTA), Bunge Global (BG), and Perdoceo Education (PRDO) are mentioned with their respective P/E ratios and recent financial performance, including earnings per share and dividend yields. The article indicates that these stocks were selected by Benzinga Insights using a quantified analysis.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:39 pm

AMR

ARCH

BCC

CMC

ORGN

The article provides an overview of value stocks in the basic materials sector, highlighting five companies with low P/E ratios, indicating potential undervaluation. Arch Resources, Origin Mat, Commercial Metals, Alpha Metallurgical, and Boise Cascade are mentioned with their respective P/E ratios and recent changes in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:38 pm

DIS

IVV

SPY

VOO

Disney (NYSE:DIS) has underperformed in 2023 with only a 1.5% rise compared to the S&P 500's 25% gain. With CEO Bob Iger's turnaround plan, including a dividend reinstatement and investments in streaming and theme parks, Disney is showing signs of a potential recovery. A Golden Cross in the stock's chart and a bullish analyst rating from Rosenblatt Securities suggest optimism for 2024. Disney's stock trades 23% below its 52-week high, presenting an opportunity for investors as the company focuses on growth and profitability.

Portfolio Pulse from Surbhi Jain

January 05, 2024 | 1:46 pm