Streetbeat News

Dividends

IVT

InvenTrust Properties (NYSE:IVT) has announced a quarterly dividend of 21.55 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 15, 2024. The stock is expected to open 21.55 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:45 pm

AMT

American Tower (NYSE:AMT) has announced a quarterly dividend of $1.7 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 out on February 01, 2024. The stock is expected to open $1.7 lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:45 pm

General Electric (NYSE:GE) has announced a quarterly dividend of 8 cents per share, with the ex-dividend date set for Wednesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on January 25, 2024. The stock is expected to open 8 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:45 pm

BRID

PRDO

The article provides an overview of notable value stocks in the consumer defensive sector, highlighting companies with low P/E ratios. Bunge Global (BG), Bridgford Foods (BRID), iHuman (IH), Perdoceo Education (PRDO), and Altria Group (MO) are identified as value stocks. The article includes recent financial performance such as earnings per share and dividend yields, noting changes from previous quarters. It also cautions that value stocks may take time to rebound and there's a risk they may not.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:40 pm

ALB

LXU

METCB

ORGN

The article lists 5 value stocks in the Basic Materials sector based on low P/E ratios, indicating potential undervaluation. ArcelorMittal (MT) saw a decrease in EPS and an increase in dividend yield. LSB Industries (LXU) experienced a decrease in EPS. Origin Mat (ORGN) reported a significant increase in EPS. Ramaco Resources (METCB) had an increase in EPS but a decrease in dividend yield. Albemarle (ALB) saw a decrease in EPS but an increase in dividend yield. The article cautions that value stocks may take time to rebound and may not do so.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:38 pm

BGS

CAG

NUS

The article discusses the appeal of high-yield dividend stocks in the consumer staples sector during market uncertainty, highlighting three stocks with recent analyst ratings and news. Nu Skin Enterprises (NUS) has a dividend yield of 7.96% but posted weaker-than-expected Q3 results. B&G Foods (BGS) offers a 7.02% yield, had upbeat Q3 earnings but sales missed estimates. Conagra Brands (CAG) with a 4.92% yield, reported upbeat Q1 earnings.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 1:47 pm

AAPL

AMZN

BRK.A

DIS

MSFT

NKE

TSLA

Cryptocurrencies like Dogecoin, SHIB, and Solana are experiencing significant market movements. Tesla is recalling 120,000 Model S and X EVs due to door issues. Nike and NetEase stocks moved lower in pre-market trading. US markets are optimistic with Dow jumping over 300 points. US and world politics are active with developments in US-China relations and Trump's potential 2024 run. The US economy sees criticism from Peter Schiff regarding Q3 GDP. In tech, Apple and Microsoft face challenges, while Tencent is hit by new regulations. The EV sector is highlighted by Tesla's recall and bullish predictions. GM recalls Chevrolet Bolt EVs. Amazon and Disney face challenges in communication, while Boeing resumes 787 deliveries to China. US banks may face significant losses in real estate, and Berkshire Hathaway increases its stake in Occidental Petroleum.

Portfolio Pulse from Akanksha Bakshi

December 22, 2023 | 1:35 pm

CVX

HES

Chevron Corporation's (NYSE:CVX) stock closed slightly higher despite a drop in crude oil prices. The company is progressing towards a $53 billion all-stock deal to acquire Hess (NYSE:HES), expected to close in early 2024. The FTC has requested additional information regarding the merger. UBS analyst Josh Silverstein maintains a Buy rating on Chevron but lowered the price target from $194 to $185. Chevron's Q3 total revenues exceeded consensus, and its dividend yield stands at 4.01%. The article also explains how investors can earn monthly income from Chevron's dividends based on the current yield.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 1:31 pm

AMZN

COST

DKS

TJX

WMT

The 2023 holiday shopping season has seen Dick's Sporting Goods (DKS) and Costco (COST) on the 'nice list' with significant gains and positive analyst ratings, while Amazon (AMZN) also performed well with new 52-week highs. TJX Companies (TJX) and Walmart (WMT) are on the 'naughty list' due to disappointing guidance and stock performance, respectively. App Store data from SimilarWeb indicates strong mobile app performance for these retailers, with varying impacts on their stock prices.

Portfolio Pulse from Erica Kollmann

December 21, 2023 | 9:49 pm

Park Hotels & Resorts Inc (NYSE:PK) reported solid operating trends for October and November, with significant RevPAR growth in its Hawaii hotels and urban portfolio. The company is focused on shareholder value, returning over $630 million in 2023, including Q4 dividends totaling $1.70 per share. A special cash dividend and a Q4 dividend were declared, and the company maintains a strong liquidity outlook post-dividend payments. Park Hotels & Resorts reaffirmed its FY23 outlook for key financial metrics and saw its shares rise by 1.63% to $16.52.

Portfolio Pulse from Lekha Gupta

December 21, 2023 | 6:28 pm