Streetbeat News

Dividends

WM

WM's Board has approved a 7.1% increase in the quarterly dividend rate for 2024, from $0.70 to $0.75 per share. This change raises the annual dividend from $2.80 to $3.00 per share, marking the twenty-first consecutive year of dividend increases. The first increased dividend is expected to be paid in March 2024, with each dividend subject to Board approval prior to payment.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:39 pm

ECL

Ecolab has announced an 8% increase in its quarterly dividend, raising it from $0.53 to $0.57 per share, payable on January 16, 2024, to shareholders of record as of December 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:53 pm

PNR

Pentair plc (NYSE:PNR) has announced an increase in its quarterly cash dividend from $0.22 to $0.23 per share, marking a 5 percent increase and the 48th consecutive year of dividend growth. The dividend is payable on February 2, 2024, to shareholders of record as of January 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:40 pm

ILMN

Illumina, Inc. (NASDAQ:ILMN) has confidentially submitted a Form 10 to the SEC for the potential divestiture of GRAIL, following an order from the European Commission (EC). The submission is part of exploring divestiture options to maximize shareholder value and find the best outcome for GRAIL. Illumina is considering various structures for the divestiture, including a third-party sale or a capital markets transaction, while contesting the EC's jurisdiction over the acquisition. The outcome of Illumina's jurisdictional challenge at the ECJ and the U.S. Fifth Circuit Court of Appeals will determine the necessity of the divestiture.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 5:59 pm

ATO

SPH

Atmos Energy (NYSE:ATO) is distributing a dividend of $0.81 per share with an annualized yield of 2.93%. Shareholders as of November 24, 2023, are eligible. The company's dividend per share has increased from $2.15 in 2019 to $2.78 in 2022, and earnings per share have grown from $4.37 to $5.66 over the same period. This suggests financial health and a potential to continue profit distributions. Suburban Propane Partners (NYSE:SPH) has a higher yield at 7.70%.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 3:05 pm

MLR

PLOW

Miller Industries (NYSE:MLR) is set to distribute a dividend of $0.18 per share with an annualized yield of 1.93%. The dividend is consistent since 2019, but earnings per share have decreased from $3.36 in 2019 to $1.21 in 2022, raising concerns about the company's profitability and future dividend sustainability. Douglas Dynamics (NYSE:PLOW) has a higher annualized dividend yield of 3.99% among industry peers.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 3:05 pm

CVEO

MATW

Matthews International (NASDAQ:MATW) is distributing a dividend of $0.24 per share with an annualized yield of 2.46%. The ex-dividend date was November 24, 2023. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $0.81 to $0.89. However, earnings per share have decreased from $3.31 in 2019 to $2.88 in 2022, raising concerns about future dividend sustainability. Matthews International's dividend yield is in the middle range compared to industry peers, with Civeo (NYSE:CVEO) having the highest yield at 4.35%.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 3:05 pm

PATK

PHIN

Patrick Industries (NASDAQ:PATK) is set to distribute a dividend of $0.55 per share with an annualized yield of 2.65%. The ex-dividend date was November 24, 2023. The company has shown growth in dividends per share from $1.03 in 2020 to $1.44 in 2022 and an increase in earnings per share from $3.96 in 2020 to $14.38 in 2022. Phinia (NYSE:PHIN) leads the industry with a 3.76% dividend yield.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 3:05 pm

CATY

TFSL

Cathay General (NASDAQ:CATY) is distributing a dividend of $0.34 per share today, with an annualized yield of 3.62%. The company has shown a positive trend in dividend per share growth from $1.24 in 2019 to $1.36 in 2022, and earnings per share growth from $3.44 to $4.50 over the same period. This indicates a strong financial health and commitment to shareholder value. TFS Financial (NASDAQ:TFSL) has the highest annualized dividend yield in the industry at 8.40%.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 3:05 pm

BMEZ

BlackRock Health Sciences (NYSE:BMEZ) announced a monthly dividend of 9.16 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday and is expected to open 9.16 cents lower to reflect the payout. The dividend will be paid on December 20, 2023.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:45 pm