Streetbeat News

Dividends

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

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

FKWL

Sinnet Capital Partners has written to the board of Franklin Wireless (FKWL), urging them to return cash to shareholders through a special dividend and a stock buyback. They highlight FKWL's cash growth from $12.9 million to $33.6 million since March 2020, with no debt and $2.86 per share in cash. Sinnet suggests a $1.00 per share dividend and a $10 million Dutch tender buyback. They also recommend hiring an IR firm to issue press releases for significant events and earnings, noting the lack of national press releases has affected stock performance, which has declined despite significant contracts and revenue growth.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 1:11 pm

ABT

JNJ

LLY

TMO

Wall Street analysts have updated their ratings and price targets for several health care stocks. Citigroup and Argus Research analysts maintain a Buy rating on Eli Lilly (LLY) with increased price targets, indicating potential upside. Wells Fargo downgraded Johnson & Johnson (JNJ) to Equal-Weight, while UBS upgraded it to Buy, both with new price targets. Morgan Stanley and Raymond James analysts provided mixed views on Abbott Laboratories (ABT) with slight adjustments to price targets. Baird and Citigroup analysts maintain positive ratings on Thermo Fisher Scientific (TMO) with significant price target increases. Recent news includes Eli Lilly's SURMOUNT-4 study results, JNJ's asset purchase agreement for XLRP treatment, Abbott's dividend raise, and Thermo Fisher's senior notes offering.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 12:33 pm

DIT

AMCON Distributing Company has declared a special cash dividend of $0.28 per common share, payable on January 17, 2024, to shareholders of record as of January 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 9:11 pm

HAL

USAC

Halliburton (NYSE:HAL) is set to distribute a dividend of $0.16 per share with an annualized yield of 1.72%. The dividend has seen a decrease from $0.72 per share in 2019 to $0.48 in 2022, while earnings per share have grown from $1.33 to $1.80 in the same period. This suggests a strategic focus on reinvesting profits rather than higher dividend payouts. USA Compression Partners (NYSE:USAC) leads the industry with an 8.85% dividend yield.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:05 pm

GLW

VSH

Vishay Intertechnology (NYSE:VSH) is distributing a $0.10 per share dividend today, with an annualized yield of 1.78%. The company has shown positive dividend growth from $0.37 to $0.40 per share from 2019 to 2022, and earnings per share growth from $1.71 to $3.08 over the same period. This suggests a strong financial health and potential for future dividend increases. Corning (NYSE:GLW) has the highest annualized dividend yield among peers at 3.68%.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:05 pm

GHL

RILY

Greenhill & Co (NYSE:GHL) is distributing a $0.10 per share dividend today, with an annualized yield of 2.70%. Shareholders eligible for the dividend were those holding shares before the ex-dividend date of December 12, 2023. The company has shown a positive trend in dividend growth from $0.20 to $0.40 per share from 2019 to 2022, and an increase in earnings per share from $-0.01 to $0.19 over the same period. This indicates a strong financial position and commitment to shareholder returns. B. Riley Financial (NASDAQ:RILY) has the highest annualized dividend yield in the industry at 20.70%.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:05 pm

HOG

Harley-Davidson (NYSE:HOG) is distributing a $0.17 per share dividend today, with an annualized yield of 2.16%. The dividend has decreased from $1.50 to $0.63 per share from 2019 to 2022, while earnings per share have grown from $3.31 to $4.84, indicating a potential shift in strategy towards business expansion over dividend payments. Investors should watch future performance for impacts on dividends.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:05 pm