Streetbeat News

Dividends

MSM

MSC Industrial Direct Co (NYSE:MSM) announced a quarterly dividend of 83 cents per share, with the ex-dividend date set for Monday. Shareholders owning MSM stock by the end of Friday are eligible for the dividend, which will be paid on January 23, 2024. The stock is expected to open 83 cents lower on Monday due to the dividend payout.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:45 pm

CPLP

MDU

MLI

PRG

The article identifies five value stocks in the industrials sector based on low P/E multiples, suggesting they may be undervalued. The stocks are PROG Holdings (PRG), Capital Product Partners (CPLP), Mueller Industries (MLI), MDU Resources Group (MDU), and Target Hospitality (TH). The article provides recent earnings per share (EPS) data and dividend yield changes for each company, noting that while value stocks may be poised for a rebound, there is a risk they may not realize their potential value.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:41 pm

BEPC

CIG

OPAL

SPH

The article identifies notable value stocks in the utilities sector based on their low P/E ratios, suggesting potential undervaluation. OPAL Fuels, Cia Energetica DE Minas, Brookfield Renewable, Hawaiian Electric Industries, and Suburban Propane Partners are highlighted with their respective P/E ratios and recent earnings performance. The article also notes the risk that the undervalued position of these stocks may not rebound.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:38 pm

AAPL

Apple Inc. (AAPL) shares dropped after Barclays analyst Tim Long downgraded the stock from Equal-Weight to Underweight and lowered the price target from $161 to $160, citing weakness in iPhone volumes and lack of recovery in other product lines. Despite this, the article discusses how investors can earn a monthly income from Apple's dividends, with calculations based on the current dividend yield of 0.52%. Apple's stock fell 3.6% to close at $185.64 on Tuesday.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 2:15 pm

ALLY

COST

MDB

Insiders at Costco, Waste Management, MongoDB, and Ally Financial have recently sold shares of their companies. Costco's Daniel Hines sold 1,400 shares, while Tigress Financial maintains a Buy rating with a higher price target. Waste Management's Charles Boettcher sold 2,371 shares, with the company planning a dividend increase for 2024. MongoDB's Dwight Merriman sold 2,375 shares after reporting a 30% revenue increase year-over-year. Ally Financial's David Debrunner sold 3,750 shares, with Barclays raising the price target for the stock.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 12:46 pm

AEXAF

EADSY

Atos SE has received non-binding interest in its Big Data & Security (BDS) business, with Airbus SE making an indicative offer of €1.5 billion-€1.8 billion for the entire unit. The potential acquisition would enhance Airbus's defense and security capabilities with advanced cybersecurity, computing, and AI. Atos is entering a due diligence phase with Airbus and continues exclusive negotiations with EPEI for the sale of Tech Foundations. Atos may sell additional assets to reduce debt and realign its business.

Portfolio Pulse from Shivani Kumaresan

January 03, 2024 | 12:24 pm

UNF

UniFirst Corporation (NYSE:UNF) is expected to report Q1 Fiscal 2024 earnings of $2.18 per share, slightly down from $2.21 the previous year, with projected revenue of $589.64 million. The company recently announced a new $100 million share repurchase program and increased its quarterly dividend. Shares dropped 0.6% to $181.74. Analysts have provided mixed ratings and price targets, with JP Morgan rating it Underweight with a target of $160, Barclays at Equal-Weight with a target of $160, UBS at Neutral with a target of $185, and Baird maintaining an Outperform rating with a target of $203.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 6:38 am

OZK

Bank OZK has announced an increase in its quarterly cash dividend from $0.37 to $0.38 per share, reflecting a positive outlook on the bank's financial stability and profitability.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 9:04 pm

AMGN

CSCO

CVX

DIA

DOW

IBM

JNJ

MMM

SPY

WBA

The article discusses the 'Dogs of the Dow' investment strategy, focusing on the highest-yielding Dow Jones Industrial Average stocks for 2024. It highlights the performance of the Dow Jones in 2023, which gained 14%, and lists the top 10 dividend-yielding stocks, with Walgreens Boots Alliance and Verizon Communications at the top. It also notes that 28 out of 30 Dow components pay dividends, with Salesforce and Boeing being the exceptions. The average dividend yield of these top 10 stocks is 4.28%, compared to the entire Dow's 2.54% and the SPDR S&P 500 ETF Trust's 1.6% yield.

Portfolio Pulse from Chris Katje

January 02, 2024 | 6:22 pm

HAS

DA Davidson analyst Linda Bolton Weiser downgraded Hasbro Inc (NASDAQ:HAS) from Buy to Neutral and lowered the price target from $60 to $53, citing a post-COVID correction in the toy industry and persisting headwinds into 2024. The analyst reduced FY24 sales and EPS estimates and suggested that the consensus operating profit estimate for FY24 is too optimistic. Concerns were also raised about Hasbro's ability to cover dividends with free cash flow and meet its debt-to-EBITDA target, hinting at a possible dividend cut in early-FY24.

Portfolio Pulse from Shivani Kumaresan

January 02, 2024 | 6:16 pm