Streetbeat News

Dividends

CCLD

CareCloud, Inc. (NASDAQ:CCLD) has reaffirmed its FY23 revenue guidance of $120M-$122M, in line with estimates. The company highlighted its stable core business, significant contract wins, and advancements in AI technology as the foundation for future growth. CareCloud also emphasized its stable financial position, with a $25 million line of credit and compliance with its covenants. The company has a track record of consistent dividend payments and has several alternatives for raising additional capital if needed.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:02 pm

SCS

Steelcase Inc. (NYSE:SCS) reported better-than-expected Q2 results with earnings of 31 cents per share, beating market estimates of 20 cents per share. The company's sales were $854.60 million, surpassing expectations of $828.82 million. Steelcase also projected FY24 earnings of 80 to 90 cents per share, higher than market estimates of 67 cents per share. The company offers an annual dividend yield of 4.58%, which is a quarterly dividend amount of $0.10 a share ($0.40 a year).

Portfolio Pulse from Lisa Levin

September 20, 2023 | 12:54 pm

SLVM

Sylvamo has announced a 20% increase in its quarterly dividend and a special dividend of $0.30 per share, which amounts to approximately $12M.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:19 pm

AGX

Argan, Inc. has announced an increase in its quarterly dividend from $0.25 to $0.30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:19 pm

KDP

Keurig Dr Pepper Inc (NASDAQ:KDP) has announced a 7.5% increase in its annualized dividend rate to $0.86 per share, effective with the regular quarterly cash dividend. The increased dividend of $0.215 per share will be payable on October 13, 2023. The company held $278 million in cash and equivalents as of June 30, 2023.

Portfolio Pulse from Shivani Kumaresan

September 19, 2023 | 3:11 pm

MFC

Manulife Financial (NYSE:MFC) is set to distribute a dividend payout of $0.36 per share, resulting in an annualized dividend yield of 5.60%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.00 to $1.32. Additionally, Manulife Financial has demonstrated an upward trend in earnings, with earnings per share rising from $1.94 to $2.40 from 2019 to 2022.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:06 pm

SWK

Stanley Black & Decker (NYSE:SWK) is distributing a dividend payout of $0.81 per share, demonstrating an annualized dividend yield of 3.34%. The company has been increasing its dividend per share from $2.70 in 2019 to $3.18 in 2022. However, its earnings per share have decreased from $8.32 in 2019 to $6.77 in 2022. Despite the decline in profitability, the company continues to distribute profits to investors.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:05 pm

PRGO

Perrigo (NYSE:PRGO) is distributing a dividend payout of $0.27 per share, demonstrating an annualized dividend yield of 3.00%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.82 to $1.04. However, the company's earnings per share have declined from $3.94 in 2019 to $1.92 in 2022, raising concerns for income-seeking investors.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:05 pm

MFC

Manulife Financial (NYSE:MFC) is set to deliver a dividend payout of $0.36 per share, equating to an annualized dividend yield of 5.60%. The company's dividend per share and earnings per share have shown a positive trend from 2019 to 2022, indicating a healthy financial status and potential for future cash dividend payout increases.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:05 pm

BRBS

PWOD

Penns Woods Bancorp (NASDAQ:PWOD) is distributing a dividend payout of $0.32 per share, translating to an annualized dividend yield of 4.98%. The company's dividend per share has decreased from $1.73 in 2019 to $1.28 in 2022, while earnings per share have increased from $2.42 to $2.51 over the same period. The company's dividend yield is mid-range compared to its industry peers, with Blue Ridge Bankshares (NYSE:BRBS) having the highest annualized dividend yield at 7.21%.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:05 pm