Streetbeat News

Dividends

INDB

Independent Bank (NASDAQ:INDB) announced a quarterly dividend of 55 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, likely opening 55 cents lower to reflect the payout. The dividend is scheduled to be paid on January 05, 2024.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:45 pm

NYMT

New York Mortgage Trust (NASDAQ:NYMT) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on January 26, 2024. The stock is expected to open 20 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:45 pm

ADEA

HPQ

MVLA

OCC

PET

Benzinga Insights has identified five value stocks in the technology sector based on their low P/E ratios, suggesting they may be undervalued. The stocks are Wag Group (PET) with a P/E of 1.37, HP (HPQ) with a P/E of 9.28, Optical Cable (OCC) with a P/E of 4.88, Movella Holdings (MVLA) with a P/E of 0.11, and Adeia (ADEA) with a P/E of 9.77. The article provides recent earnings per share (EPS) data and dividend yield information for these companies, indicating their financial performance and shareholder returns.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:44 pm

APLE

Apple Hospitality REIT, Inc. (NYSE:APLE) announced a regular monthly cash distribution of $0.08 per common share and a special cash distribution of $0.05 per common share, payable on January 16, 2024, to shareholders of record as of December 29, 2023. The annualized yield based on the current stock price is approximately 5.7%.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 2:08 pm

GIS

General Mills, Inc. (NYSE:GIS) is anticipated to release its fiscal 2024 Q2 earnings on Dec. 20, 2023, with expected earnings of $1.16 per share and revenue of $5.35 billion. The company has a dividend yield of 3.56%, paying a quarterly dividend of 59 cents per share. To earn $500 monthly from dividends, an investment of approximately $168,636 is needed. GIS shares recently rose 1.7% to close at $66.34.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 1:32 pm

AGR

AY

D

Wall Street's most accurate analysts have provided updates on three utilities stocks with over 5% dividend yields: Atlantica Sustainable Infrastructure plc (AY), Dominion Energy, Inc. (D), and Avangrid, Inc. (AGR). AY was downgraded by Raymond James and had a price target cut by JP Morgan, but reported better-than-expected Q3 earnings. D's price target was increased by JP Morgan and cut by Wells Fargo, and the company expanded its battery storage fleet. AGR had a price target cut by Wells Fargo and reported weaker-than-expected Q3 earnings.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 1:16 pm

VRE

Veris Residential has announced a 5% increase in its quarterly cash dividend to $0.0525 per share, payable on January 10, 2024, to shareholders of record as of December 29, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:43 am

NEE

NextEra Energy Inc. (NYSE:NEE) stock opened at $63.54 on Dec. 14, showing a 2.98% increase in the early trading hours. The article discusses how to earn a monthly income from NextEra Energy's dividends, with an example of requiring an investment of approximately $369,231 to earn $1,000 per month based on the current dividend yield of 3.25%. It also explains the inverse correlation between stock price and dividend yield, using numerical examples to illustrate changes in yield with stock price fluctuations.

Portfolio Pulse from Chris Bibey

December 19, 2023 | 12:55 am

HYB

The New America High Income Fund (HYB) announced it will pay a special dividend of $0.0475 per share on common stock to shareholders of record as of December 29, 2023. The payment will be made on January 31, 2024, with an ex-dividend date of December 28th.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 10:03 pm

RYN

Rayonier Inc. has announced a special cash dividend of $0.20 per share for shareholders of record as of December 29. This declaration may indicate the company's strong cash position and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:16 pm