Streetbeat News

Dividends

NGVC

Natural Grocers (NYSE:NGVC) announced a quarterly dividend of 10 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, which means it will likely open 10 cents lower to reflect the payout. Shareholders owning NGVC by the end of Thursday's session will receive the dividend on December 13, 2023.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 2:45 pm

LYB

LyondellBasell Industries (NYSE:LYB) announced a quarterly dividend of $1.25 per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend, which will be paid on December 4, 2023. The stock is expected to open $1.25 lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 2:45 pm

AUVI

BKE

DBGI

SCVL

VNCE

Benzinga Insights has identified five value stocks in the consumer cyclical sector based on low P/E multiples, suggesting they may be undervalued. The stocks include Digital Brands Group (DBGI), Applied UV (AUVI), Shoe Carnival (SCVL), Vince Holding (VNCE), and Buckle (BKE). The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, indicating their financial performance and potential attractiveness to value investors.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 2:42 pm

BOSC

IMOS

OCC

SURG

UMC

Benzinga Insights has identified several value stocks in the technology sector based on low P/E ratios. Surgepays, ChipMOS TECHNOLOGIES, Optical Cable, United Microelectronics, and BOS Better Online Solns are highlighted for their current valuations and recent financial performance, including earnings per share and dividend yields. Some stocks have reported decreased earnings or yields, while others have remained stable or undervalued.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 2:40 pm

Agilent Technologies, Inc. (NYSE: A) reported Q4 earnings of $1.38 per share, beating estimates of $1.35, and sales of $1.69 billion, exceeding expectations of $1.68 billion. The company forecasts FY2024 earnings below analyst estimates but remains a dividend option for investors seeking income. Shares rose 0.7% to close at $113.98 on Monday.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 1:39 pm

CLX

TGT

The article highlights three high-yielding dividend stocks in the consumer staples sector, with recent analyst ratings and price target adjustments. The Coca-Cola Company (KO) had a dividend yield of 3.21% with mixed analyst ratings and a raised full-year guidance. Target Corporation (TGT) had a dividend yield of 3.39%, with positive analyst ratings and better-than-expected Q3 results. The Clorox Company (CLX) had a dividend yield of 3.50%, with improved analyst ratings and better-than-expected Q1 sales results.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 1:25 pm

TAC

TransAlta Corporation has announced an investment plan of $3.5 billion to achieve a growth target of 1.75 GW by 2028, aiming for an annual EBITDA of $350 million. The company will focus on customer-centered renewables and storage, expanding its development pipeline to 10 GW. Additionally, TransAlta's Board has approved a 9% dividend increase. A joint development agreement with Hancock Prospecting has been announced to develop clean energy solutions. The company forecasts an adjusted EBITDA of $1.15 to $1.3 billion and FCF of $450 to $600 million for 2024.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:21 pm

EQNR

Equinor ASA (NYSE:EQNR) declared an ordinary cash dividend of $0.30/share and an extraordinary cash dividend of $0.60/share for Q2 2023. The NOK dividend will be based on the USDNOK rate around the record date of 15 November 2023.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:28 am

HRL

Hormel Foods has announced a 3% increase in its annual dividend, raising it from $1.10 to $1.13 per share. The first quarterly dividend of 28.25 cents per share will be paid on Feb. 15, 2024, to shareholders of record as of Jan. 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:03 pm

NRG

NRG Energy Inc (NYSE:NRG) has appointed Lawrence Coben as Interim President and CEO, succeeding Mauricio Gutierrez. The company also announced the appointment of four new independent directors in cooperation with Elliott Investment Management L.P. This is part of NRG's Board refreshment process, which aims to reduce the Board size to 11 members by H2 FY24. NRG is conducting a review of its operations to improve efficiency and enhance shareholder returns. The company reaffirmed its FY23 and FY24 financial outlooks, including adjusted EBITDA, operating cash flow, and FCFbG. NRG reiterated its 2024 capital allocation plan, including debt reduction, share repurchases, and a dividend increase, as well as its cost savings plan. Despite these announcements, NRG shares dropped by 2.66% to $46.80 after a Q3 earnings miss earlier this month.

Portfolio Pulse from Lekha Gupta

November 20, 2023 | 4:51 pm