Streetbeat News

Dividends

AVGO

Broadcom Inc (NASDAQ:AVGO) shares dipped after reaching an all-time high, following mixed Q4 results and positive FY24 revenue guidance. The company raised its dividend and is advancing in AI, partnering with Google and Comcast. Investors can earn $500 monthly from dividends with an investment of approximately $317,569, equating to 286 shares. Dividend yields fluctuate with stock price and dividend changes. AVGO's stock fell 2.6% to close at $1,110.38 on Wednesday.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 1:46 pm

HAS

Wall Street's most accurate analysts recommend three consumer stocks with over 5% dividend yields: Ford Motor Company (F), Hasbro, Inc. (HAS), and Foot Locker, Inc. (FL). Ford is facing a production cut for its F-150 Lightning electric pickup, Hasbro is restructuring for growth, and Foot Locker reported strong Q3 results with updated guidance.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 12:13 pm

PRSR

PRSRU

PRSRW

Prospector Capital Corp. (PRSR, PRSRU, PRSRW) has announced a new record and distribution date of December 21, 2023, for the issuance of dividend shares in connection with its proposed business combination with LeddarTech Inc. and LeddarTech Holdings Inc. The dividend will be distributed to holders of Class A ordinary shares and units of Prospector that were not redeemed. The issuance is contingent upon the completion of the business combination, which is subject to customary closing conditions and was approved by shareholders on December 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:53 pm

AGCO

BAER

DAC

NMM

Benzinga Insights has identified five value stocks in the industrials sector based on their low P/E ratios, suggesting they may be undervalued. The stocks are AGCO, Danaos, Bridger Aerospace Gr, Navios Maritime Partners, and Hyster-Yale Materials. Each company's recent earnings and dividend yields are also highlighted, with some showing decreases in earnings but increases in dividend yields compared to the previous quarter.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:46 pm

CIG

ENIC

SPH

TAC

Benzinga Insights identifies value stocks in the utilities sector based on low P/E ratios. Cia Energetica DE Minas (CIG), Hawaiian Electric Indus (HE), Enel Chile (ENIC), TransAlta (TAC), and Suburban Propane Partners (SPH) are highlighted for their P/E values and recent financial performance, including changes in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:39 pm

KVUE

Kenvue Inc. (NYSE:KVUE) stock has seen a 1.4% increase on Dec. 13, closing at $21.04 after-hours, but has dropped about 22% year-to-date. The stock's 52-week range was $17.82 to $27.80. Kenvue has maintained a dividend yield of 1.98%, with a $0.40 per share payout, totaling $383 million in dividend expenses from January to September. To earn $1,000 per month from dividends, an investment of approximately $606,061 is required, equating to 28,805 shares at the current price.

Portfolio Pulse from Shankar Iyer

December 20, 2023 | 2:30 pm

CCLD

CareCloud, Inc. has revised its annual revenue guidance from $120M-$122M to approximately $117M, which is below the estimated $120.28M. The company attributes the revision primarily to its project-oriented professional business line. Despite this, CareCloud continues to generate positive cash flow and expects to meet its adjusted EBITDA guidance of $15-$17M. The company has suspended dividend payments on its preferred stock to stabilize liquidity and comply with lender loan covenants, with plans to resume dividends towards the end of 2024. CareCloud is focusing on growth initiatives and operational improvements for future success.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:06 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) reported Q1 earnings surpassing expectations and announced a special dividend of $15 per share. Net sales rose 6.1% YOY, with revenue at $57.8 billion, beating estimates. Adjusted earnings were $3.48 per share, above the forecasted $3.42. Analysts from UBS, Citigroup, Stifel, Truist Securities, DA Davidson, and BMO Capital raised price targets for COST. The article also explains how owning Costco shares can generate monthly dividend income, using $500 and $100 as examples, and discusses how dividend yield fluctuates with stock price and dividend changes. COST shares dropped 0.5% to close at $677.74 on Tuesday.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 12:46 pm

NXST

OMC

SBGI

Analysts have provided ratings for high-yield dividend stocks in the tech and telecom sector. Nexstar Media Group (NXST) has a dividend yield of 3.38% and received a Neutral rating from Citigroup and a Buy from Rosenblatt. Omnicom Group (OMC) with a 3.23% yield was rated Buy by Citigroup and Equal-Weight by Morgan Stanley. Sinclair (SBGI) offers a 7.45% yield and was rated Buy by Benchmark and Hold by Deutsche Bank. Recent news includes Nexstar launching NextGen TV in NYC, Omnicom's upbeat Q3 earnings, and Sinclair's Diamond Sports in talks with Amazon for a partnership.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 12:42 pm

WEC

WEC Energy's Board of Directors plans to increase the quarterly dividend on its common stock by 7% to 83.50 cents per share in Q1 of 2024, which is a 5.5 cents rise per share.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 12:39 pm