Streetbeat News

Dividends

TTC

The Toro Company (NYSE:TTC) has increased its regular quarterly cash dividend from $0.34 to $0.36 per share, marking the 15th consecutive year of dividend increases. The new dividend will be payable on January 11, 2024, to shareholders of record as of December 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:31 pm

GECC

Great Elm Capital Corp. (GECC) has announced a special cash distribution of $0.10 per common share, payable on January 12, 2024, to shareholders of record as of December 29, 2023. The distribution is a result of the company's strong portfolio performance and net investment income exceeding regular quarterly distributions for the first three quarters of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:17 pm

MAA

MAA, a real estate investment trust, has announced a 5% increase in its quarterly dividend, raising it to $1.47 per share.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:16 pm

O

Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company®, has increased its monthly cash dividend from $0.2560 to $0.2565 per share. This marks the 123rd dividend increase since its NYSE listing in 1994. The dividend is payable on January 12, 2024, to shareholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023. The annualized dividend amount has risen from $3.072 to $3.078 per share. CEO Sumit Roy emphasized the company's commitment to providing stockholders with reliable monthly dividends, noting this is the 105th consecutive quarter of dividend increases.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:13 pm

AMGN

Amgen (NASDAQ:AMGN) has increased its quarterly dividend from $2.13 to $2.25 per share for Q1 2024, marking the 12th consecutive year of dividend growth. The dividend is payable on March 7, 2024, to shareholders of record as of February 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:01 pm

WDFC

WD-40 Company (NASDAQ:WDFC) has increased its quarterly dividend by 6 percent from $0.83 to $0.88 per share, payable on January 31, 2024, to shareholders of record as of January 19, 2024. Additionally, the company has scheduled its Q1 2024 earnings call for January 9, 2024, with a live webcast available on its investor relations website.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 8:40 pm

ERIC

T

Oppenheimer analyst Timothy Horan maintains a Perform rating on AT&T Inc (NYSE:T), following a conference where AT&T's CFO Pascal Desroches discussed the company's strategies and new deal with Ericsson (NASDAQ:ERIC). Desroches highlighted AT&T's shift to a bundled connectivity provider, Open RAN efforts with Ericsson, and a reduction in capital expenditure to $21-22 billion next year. AT&T expects to improve free cash flow and sees fiber as a key growth driver, aiming to leverage government subsidies for expansion. The company anticipates 500K phone net adds in Q4 and targets a leverage ratio of 2.5x by 1H25, after which it may adjust its capital allocation strategy. AT&T's shares dropped by 1.18% to $16.42.

Portfolio Pulse from Anusuya Lahiri

December 12, 2023 | 6:33 pm

LHX

L3Harris Technologies (NYSE:LHX) outlined its financial goals and value creation strategy at its 2023 Investor Day, targeting $23B in revenue, 16% segment operating margins, and $2.8B free cash flow by 2026. The company plans to focus on operational improvements, reduce expenses, and enhance productivity to drive margin expansion and cash flow growth. L3Harris will halt its M&A program to strengthen its balance sheet and return excess capital to shareholders after reaching a leverage target by the end of 2024. The capital deployment priorities include R&D investments, capital expenditures, debt reduction, and shareholder returns.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:02 pm

LNC

PRI

Primerica (NYSE:PRI) is set to pay a dividend of $0.65 per share on December 12, 2023, with an annualized yield of 1.29%. Shareholders as of November 20, 2023, are eligible. The company has shown positive dividend growth from $1.36 to $2.20 per share from 2019 to 2022 and an increase in earnings per share from $8.22 to $10.93 over the same period. Primerica's financial health suggests a strong ability to sustain dividends. Lincoln National (NYSE:LNC) has the highest annualized dividend yield in the industry at 7.34%.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 3:05 pm

SWKS

UMC

Skyworks Solutions (NASDAQ:SWKS) is distributing a dividend of $0.68 per share with an annualized yield of 3.12%. The company has shown a positive trend in dividend per share growth from $1.64 in 2019 to $2.36 in 2022, and earnings growth from $6.17 per share in 2019 to $11.23 per share in 2022. This consistent increase in dividends and earnings suggests a strong financial position and commitment to shareholder returns. United Microelectronics (NYSE:UMC) has the highest annualized dividend yield among peers at 7.42%.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 3:05 pm