Streetbeat News

Dividends

MBI

MBIA Inc. (NYSE:MBI) shares surged 65% after announcing an $8.00 per share cash dividend, totaling approximately $409 million. The dividend follows approvals for $647.245 million in dividends from its subsidiary, National Public Finance Guarantee Corporation. MBIA received a $550 million dividend in December 2023 and an additional $97.245 million dividend in November 2023. The company will retain some dividends for corporate purposes, and future dividends are subject to regulatory approval and financial conditions. The tax implications for investors will be clarified with the 2023 financial results in February 2024. MBIA's stock has fluctuated between a 52-week high of $14.00 and a low of $6.07.

Portfolio Pulse from Henry Khederian

December 08, 2023 | 3:56 pm

JOUT

Johnson Outdoors Inc (NASDAQ:JOUT) reported a significant decline in Q4 FY23 sales by 51% Y/Y to $96.34 million, missing estimates by a wide margin. The company also reported a larger-than-expected EPS loss of $(1.56), compared to the consensus of $(0.32). Gross margin contracted to 29.5%, and the company experienced a substantial operating loss of $(22.56) million. Despite this, JOUT declared a quarterly cash dividend and emphasized a focus on managing inventories and improving profitability for FY24. JOUT's stock price fell by 11.69% to $48.10.

Portfolio Pulse from Akanksha Bakshi

December 08, 2023 | 3:43 pm

ALXO

BITF

CURV

MBI

VIRC

Torrid Holdings Inc. reported better-than-expected Q3 results and raised FY23 guidance, causing its shares to jump 22.3%. MBIA Inc. declared an $8.00 per share extraordinary dividend, leading to a 63.8% share increase. Other stocks like ALX Oncology, Virco Mfg., and Bitfarms also saw significant gains after positive upgrades, earnings reports, and corporate actions.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 3:40 pm

WPM

Wheaton Precious Metals (NYSE:WPM) is distributing a dividend of $0.15 per share with an annualized yield of 1.41%. The ex-dividend date was November 27, 2023, and the dividend is payable on December 08, 2023. The company has shown a positive trend in dividend per share from $0.36 in 2019 to $0.60 in 2022, and earnings per share growth from $0.47 to $1.18 over the same period, indicating financial health and a commitment to rewarding shareholders.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

WAFD

WSBC

WaFd (NASDAQ:WAFD) will pay a dividend of $0.25 per share on December 8, 2023, with an annualized yield of 3.96%. Shareholders eligible for this dividend must have held the stock before the ex-dividend date of November 22, 2023. WaFd has shown a consistent increase in dividends per share from $0.82 in 2019 to $0.96 in 2022, and earnings per share growth from $2.62 in 2019 to $3.39 in 2022, indicating a strong financial health. Wesbanco (NASDAQ:WSBC) leads the industry with a 5.05% dividend yield.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

CBRL

YUM

Yum Brands (NYSE:YUM) is distributing a dividend of $0.60 per share with an annualized yield of 1.91%. Shareholders as of November 27, 2023, are eligible. The company has shown consistent dividend growth from $1.68 in 2019 to $2.28 in 2022 and earnings growth from $2.95 to $4.21 per share over the same period, indicating strong financial health and potential for future dividend increases. Yum Brands's dividend yield is moderate compared to industry peers like Cracker Barrel Old (NASDAQ:CBRL), which leads with a 7.03% yield.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

BK

FSK

Bank of New York Mellon (NYSE:BK) is distributing a dividend of $0.42 per share with an annualized yield of 4.02%. The company has shown growth in dividend per share from $1.18 in 2019 to $1.42 in 2022 and an increase in earnings per share from $4.01 in 2019 to $4.14 in 2022, indicating a healthy financial status. FS KKR Capital (NYSE:FSK) has the highest annualized dividend yield among peers at 13.86%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

ARMK

CBRL

Aramark (NYSE:ARMK) will pay a dividend of $0.10 per share with an annualized yield of 1.33% to shareholders on record as of November 28, 2023. Despite a consistent dividend since 2019, Aramark's earnings per share have decreased from $2.23 in 2019 to $1.17 in 2022, raising concerns about its ability to sustain dividends. Its dividend yield is average compared to industry peers, with Cracker Barrel Old (NASDAQ:CBRL) having the highest yield at 7.03%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

GWRS

Global Water Resources (NASDAQ:GWRS) announced a monthly dividend of 2.51 cents per share, with Tuesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, meaning it will trade lower by the dividend amount. The dividend is payable on December 28, 2023.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:45 pm

CWH

Camping World Holdings (NYSE:CWH) announced a quarterly dividend of 12.5 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on December 29, 2023. The stock is expected to open 12.5 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:45 pm