Streetbeat News

Dividends

XOM

Exxon Mobil Corp. (XOM) stock closed at $99.20, slightly up in extended trading on Dec. 13. Despite a year-to-date drop of 7.13%, the company maintains a strong market cap of $396.5 billion. Exxon declared a $0.91 per share dividend for Q3, up from $0.88 in 2022, with a total dividend expense of $11.1 billion for the first nine months of 2023. The article explains how an investment in Exxon could yield $1,000 per month in dividends, requiring an investment of approximately $330,579, based on the current dividend yield of 3.63%.

Portfolio Pulse from Shankar Iyer

December 19, 2023 | 8:30 pm

NSA

National Storage Affiliates Trust (NYSE:NSA) announced a quarterly dividend of $0.56 per share, with an annual payment of $2.24. The stock price was $33 on Dec. 5, 2023, with a 52-week range between $27.86 and $44.79. To earn $500 monthly from NSA dividends, an investment of $89,020 is required, equating to 2,704 shares. The article also discusses the calculation of dividend yield and the impact of external factors such as inflation and revenue decline on dividend payments.

Portfolio Pulse from judithnwadigo@gmail.com

December 19, 2023 | 7:30 pm

UNM

Unum Group (NYSE:UNM) is experiencing growth with a 4.4% gain over the past year and potential for more through its product line. The company has been increasing dividends and share buybacks, enhancing shareholder value. The article provides a guide on how investors can earn $500 from UNM stock by investing a certain amount based on the current dividend yield of 3.4% and stock price of $42.

Portfolio Pulse from judithnwadigo@gmail.com

December 19, 2023 | 7:00 pm

VZ

Verizon Communications Inc. (NYSE:VZ) stock has seen a 52-week range between $30.135 and $44.73, closing at $37.33 on Dec. 12. The company reported a dividend expense of $8.2 billion for the first nine months of 2023, with a dividend yield of 7.24%. To earn $1,000 per month from dividends, an investment of approximately $165,746 is required, equating to 4,440 shares at the current stock price. The article explains how dividend yield is calculated and how it can change with stock price fluctuations and dividend payment adjustments.

Portfolio Pulse from Shankar Iyer

December 19, 2023 | 6:30 pm

FIS

Fidelity National Information Services Inc. (FIS) stock opened at $57.86 and has dropped 16.43% year-to-date. FIS has a 52-week price range of $46.91 to $79.32 and offers a quarterly dividend of $0.52 per share, with a dividend yield of approximately 3.77%. To earn $1,000 per month from dividends, an investment of about $318,302 is required, equating to 5,502 shares at the current price. The article explains how dividend yield is calculated and its relation to stock price fluctuations.

Portfolio Pulse from Shankar Iyer

December 19, 2023 | 6:00 pm

SFBS

ServisFirst Bancshares, Inc. (NYSE:SFBS) has announced an increase in its quarterly cash dividend from $0.28 to $0.30 per share, payable on January 8, 2024, to stockholders of record as of January 2, 2024. This marks a continued trend of annual dividend increases since the company's IPO in 2014.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 4:17 pm

SNA

SWK

Stanley Black & Decker (NYSE:SWK) is set to distribute a dividend of $0.81 per share with an annualized yield of 4.15%. The company has shown a positive dividend growth from $2.70 in 2019 to $3.18 in 2022, indicating a commitment to increasing shareholder dividends. However, there's a decrease in earnings per share from $8.32 in 2019 to $6.77 in 2022, which may concern investors about future dividend sustainability. Stanley Black & Decker leads in dividend yield among its peers, with Snap-on (NYSE:SNA) having a 2.59% yield.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 3:05 pm

PRGO

Perrigo (NYSE:PRGO) is distributing a dividend of $0.27 per share with an annualized yield of 3.89%. Shareholders as of November 30, 2023, are eligible. Dividend per share has increased from $0.82 in 2019 to $1.04 in 2022, showing a commitment to shareholder rewards. However, earnings per share have declined from $3.94 in 2019 to $1.92 in 2022, raising concerns about future dividend sustainability.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 3:05 pm

BP

EC

BP (NYSE:BP) is set to pay a dividend of $0.44 per share on December 19, 2023, with a yield of 4.55% to shareholders who held the stock before November 09, 2023. Despite a decrease in dividend per share from $2.45 in 2019 to $1.38 in 2022, BP's earnings per share have grown from $3.23 to $8.35 over the same period, indicating a focus on business growth and potential for future dividend increases. Ecopetrol (NYSE:EC) has the highest annualized dividend yield among industry peers at 21.06%.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 3:05 pm

SWK

XYL

Xylem (NYSE:XYL) maintains its commitment to investors by issuing a dividend payout of $0.33 per share, with an annualized yield of 1.36%. Despite a positive dividend growth from $0.96 to $1.20 per share from 2019 to 2022, Xylem's earnings per share have decreased from $3.01 to $2.55 over the same period, raising concerns about the sustainability of future dividends. The company's dividend yield is average compared to industry peers, with Stanley Black & Decker (NYSE:SWK) having a higher yield at 3.33%.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 3:05 pm