Streetbeat News

Dividends

UDR

UDR, Inc. (NYSE:UDR) has announced a quarterly dividend of 42 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday's session will be eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 42 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 2:45 pm

DRI

Darden Restaurants (NYSE:DRI) announced a quarterly dividend of $1.31 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 trade lower by the dividend amount. The dividend is scheduled to be paid on February 01, 2024, to shareholders who own the stock by the end of Monday's session.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 2:45 pm

CIO

City Office REIT (NYSE:CIO) announced a quarterly dividend of 10 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, which will be paid on January 24, 2024. The stock is expected to open 10 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 2:45 pm

RA

Brookfield Real Assets (NYSE:RA) announced a monthly dividend of 11.8 cents per share, with Monday being the last day for investors to be eligible for the next payout. The stock will go ex-dividend on Tuesday and is expected to open 11.8 cents lower to reflect the payout. Shareholders owning RA by the end of Monday's session will receive the dividend on January 25, 2024.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 2:45 pm

CTRA

MUR

PBR

PUMP

RES

The article identifies five value stocks in the energy sector based on their low P/E ratios, suggesting they may be undervalued. Coterra Energy (CTRA), Petrobras Brasileiro (PBR), Murphy Oil (MUR), RPC (RES), and ProPetro Holding (PUMP) are highlighted. The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, indicating mixed financial performance in the recent quarter.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 2:39 pm

NEE

SRE

XEL

Wall Street's top analysts recommend buying three energy stocks with high-dividend yields: NextEra Energy, Inc. (NEE), Sempra (SRE), and Xcel Energy Inc. (XEL). Citigroup and JP Morgan analysts have given NEE a Buy and Overweight rating respectively, with price targets of $69 and $67. SRE was upgraded from Neutral to Overweight by JP Morgan, with a price target increase from $78 to $86, while Barclays cut the price target from $78 to $76. XEL received an upgrade from Neutral to Buy by B of A Securities, with a price target increase from $58 to $66, although Barclays maintained an Equal-Weight rating and lowered the price target from $60 to $57.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 1:44 pm

STZ

Constellation Brands, Inc. (STZ) is set to release its Q3 earnings report on Jan. 5, 2024, with expected earnings of $3.00 per share on revenue of $2.55 billion. JPMorgan analyst Andrea Teixeira maintains an Overweight rating on STZ but lowered the price target from $309 to $301. The article also discusses how to earn monthly income from STZ's dividends, which currently yield 1.47%, and provides examples of the number of shares needed to achieve certain income goals. STZ shares fell 1% to close at $241.42 on Wednesday.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 1:20 pm

WBA

Walgreens Boots Alliance (WBA) has announced a significant reduction in its quarterly dividend, cutting it by 48% to 25 cents per share. The new dividend will be payable on March 12, 2024, to shareholders on record as of February 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:04 pm

CAG

Conagra Brands, Inc. (NYSE:CAG) is expected to report its fiscal 2024 Q2 earnings before the market opens on Jan. 4, 2024. Analysts predict earnings of 68 cents per share, down from 81 cents a year earlier, and revenue of $3.24 billion. The company has declared a quarterly dividend of 35 cents per share. Conagra's stock price dropped slightly by 0.2% to $29.48. Analysts from Evercore ISI Group, Morgan Stanley, Jefferies, TD Cowen, and JP Morgan have provided various ratings and price targets for Conagra, with accuracy rates ranging from 63% to 81%.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 6:24 am

ENB

EPD

MO

The article highlights three high-yield dividend stocks - Enbridge Inc (ENB), Altria Group Inc (MO), and Enterprise Products Partners LP (EPD) - as attractive investment options for 2024 due to their strong fundamentals, growth prospects, and consistent dividend payouts. It emphasizes the importance of these stocks in a diversified portfolio, especially with anticipated rate cuts, and advises investors to conduct thorough research and consult financial advisors.

Portfolio Pulse from Surbhi Jain

January 03, 2024 | 3:59 pm