Streetbeat News

Dividends

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

MNRO

Monro (NASDAQ:MNRO) maintains its dividend payout of $0.28 per share, with an annualized yield of 3.80%, despite a decrease in earnings per share from $2.40 in 2019 to $1.54 in 2022. The company's dividend per share has shown a positive trend, increasing from $0.86 in 2019 to $1.10 in 2022, indicating a commitment to shareholder returns. However, the decline in earnings could raise concerns about future dividend sustainability.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 3:05 pm

BWA

GRBK

GTIM

MHO

PAG

Benzinga Insights has identified five value stocks in the consumer cyclical sector based on their low price-to-earnings (P/E) multiples, suggesting they may be undervalued. The stocks are Good Times Restaurants (GTIM), M/I Homes (MHO), Penske Automotive Group (PAG), BorgWarner (BWA), and Green Brick Partners (GRBK). The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, indicating their financial performance and potential attractiveness to value investors.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:49 pm

FDS

FactSet Research Systems Inc (NYSE:FDS) reported Q1 FY24 sales growth of 7.4% year-over-year to $542.2 million, slightly beating consensus estimates. Adjusted EPS was $4.12, marginally above the $4.11 consensus. The company saw a net increase of 24 clients, with adjusted operating margin contracting due to higher technology expenses. FactSet repurchased shares and declared a quarterly dividend. However, it lowered its FY24 revenue and EPS outlook, leading to a 1.22% decline in its stock price.

Portfolio Pulse from Lekha Gupta

December 19, 2023 | 2:48 pm

POR

Portland Gen Electric (NYSE:POR) announced a quarterly dividend of 47.5 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on January 15, 2024. The stock is expected to open 47.5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:45 pm

ESLT

Elbit Systems (NASDAQ:ESLT) announced a quarterly dividend of 50 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on January 08, 2024. The stock is expected to open 50 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:45 pm

MTN

Vail Resorts (NYSE:MTN) announced a quarterly dividend of $2.06 per share, with the ex-dividend date set for Friday. Shareholders owning MTN stock by the end of Thursday's session will be eligible for the dividend, which will be paid on January 9, 2024. The stock is expected to open $2.06 lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:45 pm

FFA

First Trust Enhanced (NYSE:FFA) will go ex-dividend on Friday, with shareholders as of Thursday's close eligible for a quarterly dividend of 31.5 cents per share. The stock is expected to open 31.5 cents lower on Friday to reflect the dividend payout. The dividend will be paid on December 29, 2023.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:45 pm