Streetbeat News

Dividends

COLB

Columbia Banking System (NASDAQ:COLB) announced a quarterly dividend of 36 cents per share, with Tuesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Wednesday, indicating a likely opening price reduction by the dividend amount. The dividend is scheduled to be paid on December 11, 2023.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 2:45 pm

Dynex Cap (NYSE:DX) announced a monthly dividend of 13 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning DX by the end of Tuesday are eligible for the dividend, which will be paid on December 1, 2023. The stock is expected to open 13 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 2:45 pm

FGB

First Trust Specialty Fnc (NYSE:FGB) announced a quarterly dividend of 8.25 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 1, 2023. The stock is expected to open 8.25 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 2:45 pm

MFD

Macquarie/First Trust Glb (NYSE:MFD) announced a quarterly dividend of 20 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 01, 2023. The stock is expected to open 20 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 2:45 pm

WAFD

Tuesday is the last day for investors to buy WaFd (NASDAQ:WAFD) shares to be eligible for the quarterly dividend payout of 25 cents per share. The ex-dividend date is Wednesday, and the stock is expected to open 25 cents lower to reflect the dividend payout. Shareholders owning the stock by the end of Tuesday will receive the dividend on December 08, 2023.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 2:45 pm

IMKTA

PRDO

STG

VLGEA

Benzinga Insights identifies value stocks in the consumer defensive sector based on low P/E ratios. Perdoceo Education (PRDO), Altria Group (MO), Village Super Market (VLGEA), Sunlands Technology (STG), and Ingles Markets (IMKTA) are highlighted. PRDO and VLGEA saw an increase in EPS, while MO and STG experienced a decrease. IMKTA's EPS increased, and all except STG saw dividend yield increases. Value stocks carry the risk of not rebounding.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 2:39 pm

GGB

ICL

LOMA

MOS

ORGN

Benzinga Insights has identified Mosaic (MOS), Loma Negra Cia Industria (LOMA), Gerdau (GGB), ICL Group (ICL), and Origin Mat (ORGN) as value stocks in the basic materials sector based on their low P/E ratios. Mosaic and ICL Group reported decreased earnings per share in Q3 compared to Q2, while Loma Negra, Gerdau, and Origin Mat reported increases. Dividend yields have increased for Mosaic, Gerdau, and ICL Group.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 2:38 pm

ATKR

Atkore Inc (NYSE:ATKR) reported a Q4 FY23 revenue decline of 15.5% Y/Y to $869.9 million, missing the consensus of $920.4 million. The decline was attributed to lower average selling prices and the economic value of solar tax credits. Adjusted EBITDA fell 28.6% Y/Y, and the adjusted EBITDA margin contracted by 490bps. However, adjusted EPS of $4.21 beat the consensus of $4.08. The company announced a new quarterly dividend program with the first payment expected in CY Q1 2024. Atkore provided FY24 guidance with net sales of $3.50 billion - $3.65 billion and adjusted EPS of $16.00-$17.00, and maintained its FY25 adjusted EPS target of greater than $18.00. Shares fell by 8.3% to $124.

Portfolio Pulse from Lekha Gupta

November 17, 2023 | 2:37 pm

WMT

Walmart Inc (NYSE:WMT) reported a 5.2% year-over-year sales growth for Q3 FY24, with sales of $160.8 billion surpassing the consensus of $159.55 billion. Adjusted EPS was $1.53, beating last year's $1.50 and the consensus of $1.52. The company raised its FY24 adjusted EPS guidance to $6.40-$6.48 and net sales growth outlook to 5.0%-5.5%. Walmart's current dividend yield is 1.46%, with a quarterly dividend of 57 cents per share. To earn $500 monthly from dividends, an investor would need 2,632 shares, valued at approximately $410,697. Walmart shares fell 8.1% to close at $156.04 on Thursday.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 1:43 pm

CCOI

IPG

NXST

The article discusses three high-yielding dividend stocks in the tech and telecom sector, as rated by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. Cogent Communications Holdings, Inc. (CCOI) has a dividend yield of 5.74% and received mixed ratings from Keybanc and JP Morgan analysts. The Interpublic Group of Companies, Inc. (IPG) offers a 4.16% dividend yield, with Citigroup and Morgan Stanley analysts providing their ratings. Nexstar Media Group, Inc. (NXST) has a 3.67% dividend yield, with Rosenblatt and Benchmark analysts reiterating Buy ratings. The article also mentions recent news for each company, including Cogent's wider-than-expected Q3 loss, Interpublic's mixed Q3 results, and Nexstar's Q3 revenue decline.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 1:32 pm