Streetbeat News

Dividends

BAC

JPM

MS

V

Analysts have provided updates on financial stocks Visa Inc. (V), JPMorgan Chase & Co. (JPM), Bank of America Corporation (BAC), and Morgan Stanley (MS). Coverage includes new ratings, price target changes, and recent news such as Visa's collaboration with International Money Express, JPMorgan's acquisition of a stake in Indra, and Bank of America's preferred stock dividends. Analysts' accuracy rates and expected stock movements are highlighted.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 1:13 pm

CVS

OGN

VTRS

The article highlights three health care sector stocks with over 3% dividend yields, as rated by Wall Street's most accurate analysts. Organon & Co. (OGN) has a 7.93% yield with mixed ratings and a price target cut. Viatris Inc. (VTRS) offers a 4.48% yield, with one analyst upgrading the price target and another downgrading the stock. CVS Health Corporation (CVS) has a 3.37% yield, with both analysts maintaining positive ratings but reducing price targets. Recent news for each company is also provided, which could influence their stock performance.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 12:42 pm

IIPR

NSA

SELF

The article discusses the benefits of investing in industrial REITs, which offer stable rental income and property value appreciation. It highlights three industrial REITs with high dividend yields: Innovative Industrial Properties Inc. (IIPR) with a yield of 7.35%, Global Self Storage Inc. (SELF) with a yield of 6.3%, and National Storage Affiliates Trust (NSA) with a yield of 5.59%. These REITs are attractive for their potential income and accessibility to individual investors.

Portfolio Pulse from Chris Bibey

December 26, 2023 | 7:16 pm

FPI

Raymond James analyst Buck Horne has reiterated an Outperform rating on Farmland Partners Inc (FPI) and increased the price target from $14 to $15. Despite a 10% year-over-year drop in agricultural commodity prices, U.S. farmers are experiencing strong profitability, with 2023 expected to be the third-highest year for farm income in a decade. FPI has repurchased over 11% of its shares year-to-date at $11/share and announced a special dividend of $0.21/share. The company has also completed property dispositions worth $71.1 million this quarter, with a year-to-date total of $122 million. FPI is executing a $190 million capital recycling program to leverage the difference between public valuation and private market value. Lease renewals in 2023 have seen an 18% increase year-to-date. With $163.1 million in available liquidity, FPI is well-positioned to maintain its dividend. The analyst estimates FPI's Net Asset Value/share at $16, indicating a 20% discount on the current share price, with the target price reflecting a 10% discount to NAV. FPI shares are up 1.65% at $12.97.

Portfolio Pulse from Shivani Kumaresan

December 26, 2023 | 6:51 pm

IBM

The article explains how to earn a monthly income from dividends by investing in IBM stock. It details the annualized dividend for IBM, the dividend yield based on the stock price on Dec. 15, and provides calculations for the investment needed to earn $500 and $100 per month from dividends. It also discusses how stock price fluctuations and changes in dividend payments affect dividend yield.

Portfolio Pulse from Shankar Iyer

December 26, 2023 | 6:02 pm

LOW

Lowe's Cos. Inc. (NYSE:LOW) stock is near its 52-week high, with a closing price of $225.59 on Dec. 15. The company reported dividend expenses of $633 million for the quarter and $1.899 billion for the first three quarters of 2023. The cash dividend per share for the first three quarters was $3.25, up from $2.90 per share in the same period in 2022. The annualized dividend is approximately $4.33, yielding 1.92% based on the Dec. 15 stock price. To earn $1,000 per month from dividends, an investment of about $625,000 is needed, equating to 2,771 shares at $225.59 each.

Portfolio Pulse from Shankar Iyer

December 26, 2023 | 4:30 pm

TRMD

WMB

Williams Companies (NYSE:WMB) is set to pay a dividend of $0.45 per share on December 26, 2023, with an annualized yield of 5.14%. The ex-dividend date was December 07, 2023. The company has shown growth in dividend per share from $1.52 in 2019 to $1.70 in 2022 and an increase in earnings per share from $0.93 to $1.68 over the same period. This suggests a positive financial trend and potential for continued profit distribution to shareholders. Williams Companies's dividend yield is moderate compared to industry peers like TORM (NASDAQ:TRMD) with an 18.15% yield.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 3:05 pm

AUBN

BRBS

Auburn National Bancorp (NASDAQ:AUBN) is set to pay a dividend of $0.27 per share on December 26, 2023, with an annualized yield of 5.19%. The dividend has seen a steady increase from $1.00 in 2019 to $1.06 in 2022. However, AUBN's earnings per share have declined from $2.62 in 2019 to $2.20 in 2022, raising concerns about the sustainability of future dividends. Blue Ridge Bankshares (NYSE:BRBS) has the highest annualized dividend yield at 13.46% among industry peers.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 3:05 pm

ITUB

Itau Unibanco Holding (NYSE:ITUB) announced a monthly dividend of 0.36 cents per share, with the ex-dividend date set for Friday. Shareholders owning ITUB stock by the end of Thursday are eligible for the dividend, which will be paid on February 12, 2024. The stock is expected to open 0.36 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:46 pm

FLIC

First of Long Island (NASDAQ:FLIC) announced a quarterly dividend of 21 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 11, 2024. The stock is expected to open 21 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:45 pm