Streetbeat News

Dividends

RGCO

RGC Resources, Inc. (NASDAQ:RGCO) announced an increase in its quarterly dividend from $0.1975 to $0.20 per share, marking the 20th consecutive year of dividend growth. The new annual dividend rate is $0.80 per share, up 1.3% from the previous rate. CEO Paul Nester highlighted the solid operational and financial performance of Roanoke Gas utility and the anticipated completion of the MVP in 2024. The dividend is payable on February 1, 2024, to shareholders of record as of January 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:50 pm

MRK

Merck (NYSE:MRK) has increased its quarterly dividend from $0.73 to $0.77 per share for Q1 2024. The dividend will be paid on Jan. 8, 2024, to shareholders on record as of Dec. 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:21 pm

ESLT

Elbit Systems Ltd (NASDAQ:ESLT) reported a 11.3% Y/Y increase in Q3 FY23 revenue to $1.501 billion, surpassing estimates. Aerospace segment led with a 24.3% rise, while Elbit Systems of America saw a 2% decline due to lower munition sales. Gross margin slightly improved, but adjusted EPS of $1.65 missed expectations. The order backlog reached $16.6 billion. Operational cash flow was negative, impacted by inventory increases. Demand surged following attacks from Gaza. A dividend of $0.50 per share was declared. ESLT stock dropped 2.81% to $206.49.

Portfolio Pulse from Akanksha Bakshi

November 28, 2023 | 3:09 pm

GHI

MTG

MGIC Investment (NYSE:MTG) is distributing a dividend of $0.12 per share with an annualized yield of 2.78%. Shareholders as of November 08, 2023, are eligible. The company has shown a positive trend in dividend per share growth from $0.24 in 2020 to $0.36 in 2022, and earnings per share growth from $1.78 to $2.88 over the same period. This suggests financial health and potential for future dividend increases. Greystone Housing Impact (NYSE:GHI) has the highest yield in the industry at 8.80%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 3:05 pm

DHI

MDC

D.R. Horton (NYSE:DHI) is distributing a dividend of $0.30 per share with an annualized yield of 1.02% to shareholders on record as of November 21, 2023. The company has shown a positive trend in dividend per share growth from $0.62 in 2019 to $0.92 in 2022, and earnings per share growth from $4.30 to $16.54 over the same period. This indicates a strong financial position and commitment to shareholder value. D.R. Horton's dividend yield is moderate compared to industry peers like M.D.C. Holdings (NYSE:MDC), which has a higher yield of 4.79%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 3:05 pm

RGA

Reinsurance Gr (NYSE:RGA) will pay a dividend of $0.85 per share on November 28, 2023, with an annualized yield of 2.30%. Shareholders eligible for this dividend must have held the stock before the ex-dividend date of November 13, 2023. The company has shown a positive trend in dividend per share from $2.60 in 2019 to $3.06 in 2022, indicating a commitment to shareholder returns. However, there is a decrease in earnings per share from $13.40 in 2019 to $10.89 in 2022, which may concern investors about future dividend sustainability.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 3:05 pm

DHT

TRMD

DHT Holdings (NYSE:DHT) has declared a dividend of $0.19 per share with an annualized yield of 6.75%. The dividend is payable to shareholders who held the stock before the ex-dividend date of November 20, 2023. The company's dividend payouts have fluctuated over the years, with a general decrease from $0.20 in 2019 to $0.12 in 2022. Earnings per share have also declined, from $0.11 in 2019 to $-0.02 in 2022, indicating potential financial challenges. DHT's dividend yield is moderate compared to industry peers, with TORM (NASDAQ:TRMD) having the highest yield at 18.93%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 3:05 pm

BGSF

HSII

BGSF (NYSE:BGSF) has distributed a dividend of $0.15 per share with an annualized yield of 6.32%. Shareholders eligible for this payout were those holding shares before the ex-dividend date of November 17, 2023. The company's dividend per share has decreased from $1.20 in 2019 to $0.60 in 2022, and earnings per share have also declined from $1.67 in 2019 to $1.37 in 2022, indicating potential financial challenges. BGSF's dividend yield surpasses that of Heidrick & Struggles Intl (NASDAQ:HSII), which stands at 2.19%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 3:05 pm

NKE

Nike (NYSE:NKE) has announced that shareholders owning the stock before the ex-dividend date on Friday will be eligible for a quarterly dividend payout of 37 cents per share. The stock is expected to open 37 cents lower on the ex-dividend date to reflect the payout. The dividend is scheduled to be paid on January 02, 2024.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 2:45 pm

NSP

Insperity (NYSE:NSP) announced a quarterly dividend of 57 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, meaning it will likely open 57 cents lower. Shareholders owning NSP by the end of Thursday will receive the dividend on December 18, 2023.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 2:45 pm