Streetbeat News

Dividends

FCT

First Trust Senior (NYSE:FCT) announced a monthly dividend of 9.7 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 16, 2024. The stock is expected to open 9.7 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 2:45 pm

FAM

First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM) will go ex-dividend on Tuesday, with investors owning shares by Monday's close eligible for a 6 cents per share dividend. The dividend is payable on January 16, 2024. The stock is expected to open 6 cents lower on Tuesday to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 2:45 pm

PKBK

Monday is the last day for investors to buy Parke Bancorp (NASDAQ:PKBK) shares to be eligible for its quarterly dividend payout of 18 cents per share. The ex-dividend date is Tuesday, and the stock is expected to open 18 cents lower to reflect the dividend payout. Shareholders owning the stock by the end of Monday will receive the dividend on January 17, 2024.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 2:45 pm

FSD

First Trust High Income (NYSE:FSD) will go ex-dividend on Tuesday, with shareholders as of Monday's close eligible for a 10.5 cents per share dividend. The stock is expected to open 10.5 cents lower on Tuesday to reflect the payout, which will be distributed on January 16, 2024.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 2:45 pm

FTHY

FIRST TRUST HIGH YIELD (NYSE:FTHY) will go ex-dividend on Tuesday, with the last chance for investors to receive the next dividend payout being Monday. The company will pay a monthly dividend of 13 cents per share, which will be distributed on January 25, 2024. The stock is expected to open 13 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 2:45 pm

DOC

Physicians Realty Trust (NYSE:DOC) has announced a quarterly dividend of 23 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on January 18, 2024. The stock is expected to open 23 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 2:45 pm

NECB

NorthEast Community (NASDAQ:NECB) announced a quarterly dividend of 6 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, to be paid on February 5, 2024. The stock is expected to open 6 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 2:45 pm

PNRG

PUMP

RES

SBOW

SJT

Benzinga Insights identifies value stocks in the energy sector with low P/E ratios, suggesting potential undervaluation. PrimeEnergy Resources (PNRG) saw an EPS increase from $3.82 to $4.13. RPC (RES) reported a decrease in EPS from $0.3 to $0.08 and a slight dividend yield increase. ProPetro Holding (PUMP) experienced a slight decrease in EPS from $0.34 to $0.31. San Juan Basin Royalty (SJT) reported a decrease in EPS from $0.17 to $0.08 and a small drop in dividend yield. SilverBow Resources (SBOW) had a significant EPS increase from $1.1 to $2.94. Value stocks may take time to rebound and carry the risk of not doing so.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 2:39 pm

CPA

HNI

MSM

Wall Street's top analysts recommend buying three industrial stocks with dividend yields over 3%: HNI Corporation, Copa Holdings, and MSC Industrial Direct. These stocks are favored for their high free cash flows and dividends. HNI's price target was raised by Benchmark analyst Reuben Garner, and Sidoti & Co.'s Gregory Burns upgraded the stock. Copa Holdings had capacity and passenger traffic increases, and Raymond James' Savanthi Syth raised its price target. MSC Industrial Direct's sales growth led Loop Capital's Chris Dankert to upgrade the stock and raise the price target, while Baird's David Manthey also increased the target.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 2:19 pm

NFLX

VZ

WBD

Verizon Communications Inc. (VZ) shares closed slightly lower despite a market increase. VZ is launching a streaming bundle with Netflix (NFLX) and Warner Bros. Discovery (WBD). VZ is expected to report Q4 2023 earnings on Jan. 23, 2024. Oppenheimer analyst Timothy Horan reiterated an Outperform rating with a $43 price target. VZ offers a 7.13% annual dividend yield. To earn $500/month from dividends, an investment of approximately $84,171 is needed. Dividend yields fluctuate with dividend payments and stock prices. VZ shares fell 0.5% to close at $37.31.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 1:40 pm