Streetbeat News

Dividends

NJR

New Jersey Resources (NYSE:NJR) announced a quarterly dividend of 42 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on January 2, 2024. The stock is expected to open 42 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:45 pm

VSH

Vishay Intertechnology (NYSE:VSH) announced a quarterly dividend of 10 cents per share, with Monday being the last day for investors to be eligible for the next payout. The stock will go ex-dividend on Tuesday, likely opening 10 cents lower. Shareholders owning VSH by the end of Monday will receive the dividend on December 27, 2023.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:45 pm

HPE

Hewlett Packard (NYSE:HPE) has announced that shareholders owning the stock by the end of Monday's session will be eligible for a quarterly dividend of 13 cents per share. The ex-dividend date is Tuesday, and the stock is expected to trade lower by the dividend amount. The dividend is scheduled to be paid on January 11, 2024.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:45 pm

ASO

Academy Sports (NASDAQ:ASO) announced a quarterly dividend of 9 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on January 10, 2024. The stock is expected to open 9 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:45 pm

BTE

GLP

PUMP

SUN

YPF

The article identifies ProPetro Holding (PUMP), YPF (YPF), Global Partners (GLP), Baytex Energy (BTE), and Sunoco (SUN) as notable value stocks in the energy sector based on their low P/E multiples. It highlights their recent earnings per share (EPS) and changes in dividend yields. ProPetro and Global Partners saw a decrease in EPS, while Sunoco reported an increase. YPF's EPS decreased significantly, and Baytex Energy's dividend yield dropped notably.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:39 pm

DG

Dollar General Corp (NYSE:DG) reported Q3 FY23 sales of $9.69 billion, surpassing estimates of $9.65 billion. Same-store sales fell 1.3%, and gross profit margin dropped to 29%. Operating income declined 41.1% to $433.5 million. EPS of $1.26 beat estimates of $1.19. The company declared a quarterly dividend of $0.59 per share and reaffirmed its FY23 sales growth outlook of 1.5% to 2.5% with EPS of $7.10 to $7.60. Shares rose 4.46% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 1:26 pm

CPB

Campbell Soup Co (CPB) reported Q1 FY24 sales of $2.52 billion, a 2% decline YoY but in line with expectations, and an adjusted EPS of $0.91, beating estimates by $0.03. The company reaffirmed its FY24 guidance. CPB offers a 3.42% annual dividend yield, equating to $1.48 per share annually. To earn $500 monthly from dividends, an investment of approximately $175,295 is needed, while $35,068 is required for $100 monthly. CPB shares rose 7.1% to close at $43.24 following the earnings report.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 1:16 pm

CAG

K

PM

The article discusses the appeal of high-yielding dividend stocks in the consumer staples sector during market uncertainty. It highlights three stocks with recent analyst ratings and price target adjustments: Philip Morris International Inc. (PM), Conagra Brands, Inc. (CAG), and Kellanova (K). The analysts mentioned have high accuracy rates and have provided ratings and revised price targets for these companies, which have also reported their latest financial results.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 1:01 pm

HOFT

Hooker Furnishings Corp (NASDAQ:HOFT) reported Q3 FY24 sales of $116.83 million, a 22.9% decrease Y/Y but slightly above analyst estimates. EPS was $0.65, surpassing the $0.26 consensus. Despite the housing market slowdown, the company saw gross margin expansion and declared a quarterly dividend increase of 4.5%. Shares closed lower by 1.08% at $20.09.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 12:58 pm

ERIE

Erie Indemnity Company (NASDAQ:ERIE) has maintained its management fee rate at 25% for Erie Insurance Exchange and increased its quarterly cash dividend from $1.19 to $1.275 per Class A share and from $178.50 to $191.25 per Class B share, effective January 1, 2024. The next dividend is payable on January 23, 2024, to shareholders of record as of January 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:42 pm