Streetbeat News

Dividends

HONE

HarborOne Bancorp (NASDAQ:HONE) announced a quarterly dividend of 7.5 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 18, 2024. The stock is expected to open 7.5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 2:45 pm

AGRO

BG

IH

PRDO

STG

The article lists five value stocks in the consumer defensive sector with low P/E ratios, indicating potential undervaluation. Sunlands Technology (STG), Perdoceo Education (PRDO), Bunge Global (BG), iHuman (IH), and Adecoagro (AGRO) are highlighted with their respective P/E ratios and recent earnings per share (EPS) data. Bunge Global and Adecoagro also reported increased dividend yields compared to the previous quarter.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 2:39 pm

NLY

Annaly Capital Management, Inc. (NLY) shares closed flat despite the S&P 500 nearing record levels. Analyst Bose George maintained an Outperform rating and raised the price target from $17 to $21.50. The company reported a Q3 GAAP loss of $1.21 per share. Shares rose 10% over the past month but fell 7% YTD. Annaly offers a high dividend yield of 13.08%, equating to a quarterly dividend of 65 cents per share. To earn $500 monthly in dividends, an investor would need 2,308 shares, valued at approximately $45,883. The article also explains how dividend yield fluctuates with stock price and dividend changes. NLY shares were down 3.1% to $19.88 on Thursday.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 12:50 pm

ADTN

GLW

XRX

The article discusses three high-yielding dividend stocks in the tech sector with recent analyst ratings and news updates. Xerox Holdings Corporation (XRX) has a dividend yield of 5.38% but received downgraded price targets from JP Morgan and Credit Suisse. ADTRAN Holdings, Inc. (ADTN) offers a 4.86% dividend yield, with analysts from Argus Research and Northland Capital Markets downgrading the stock. Corning Incorporated (GLW) has a 3.66% dividend yield, with JP Morgan maintaining a Neutral rating and Citigroup maintaining a Buy rating, though both lowered their price targets. Recent news includes Xerox's mixed financial results and reduced revenue guidance, ADTRAN's new Terafactory in Germany, and Corning's sales decline in Q3 FY23.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 11:36 am

BSTG

KAI

PT

SM

TTNP

Kadant Inc. plans to acquire Key Knife, Inc. for $156 million in cash. Titan Pharmaceuticals announces a 1-for-20 reverse stock split. BioSig Technologies files for a mixed shelf of up to $75 million. SM Energy raises its quarterly dividend from $0.15 to $0.18 per share. Pintec Technology reports a revenue decline and a significant reduction in net loss for the first half of 2023.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 10:55 am

SM

SM Energy has announced an increase in its quarterly cash dividend from $0.15 to $0.18 per share, payable on February 5, 2024, to stockholders of record as of January 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:45 pm

R

UNP

Union Pacific (NYSE:UNP) is distributing a dividend of $1.30 per share today, with an annualized yield of 2.37%. The company has shown a positive trend with an increase in dividend per share from $3.70 in 2019 to $5.08 in 2022, and earnings growth from $8.49 to $11.35 per share over the same period. This suggests strong financial health and potential for continued profit distribution to shareholders. Union Pacific's dividend yield is competitive within its industry, with Ryder System (NYSE:R) having a slightly higher yield at 2.43%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:05 pm

SELF

UNIT

Global Self Storage (NASDAQ:SELF) is set to distribute a dividend of $0.07 per share on December 28, 2023, with an annualized yield of 6.33% for shareholders recorded before December 14, 2023. The company has shown a positive trend in dividend per share growth from $0.26 in 2019 to $0.28 in 2022, and earnings per share growth from $0.17 to $0.43 over the same period. This suggests a healthy financial status and potential for continued dividend payouts. Uniti Group (NASDAQ:UNIT) has a higher annualized dividend yield of 10.31% compared to Global Self Storage.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:05 pm

IVR

RWT

Redwood Trust (NYSE:RWT) has announced a dividend payout of $0.16 per share with an annualized yield of 8.98%. The dividend has decreased from $0.23 in early 2021 to the current rate. Earnings per share have also declined from $1.51 in 2019 to $0.85 in 2022, indicating potential financial challenges. In comparison, Invesco Mortgage Capital (NYSE:IVR) has a higher annualized dividend yield of 16.70%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:05 pm

IBM

The article explains how to earn a monthly income from IBM's dividends, using the example of generating $1,000 per month. It details the investment needed based on IBM's annualized dividend of $6.63 and a dividend yield of 4.08% as of Dec. 15, with IBM stock closing at $162.23. To earn $1,000 monthly, an investment of approximately $294,118 is required, equating to 1,813 shares. The article also notes that IBM's stock price was $161.56 at the end of trading on Dec. 19.

Portfolio Pulse from Shankar Iyer

December 28, 2023 | 3:00 pm