Streetbeat News

Dividends

CCL

CPB

HOOD

LCID

MDB

TLT

XLE

Stocks showed little movement while gold and Treasuries rose amid mixed sentiments due to weak ADP employment data. Investors are considering the implications for interest rates and corporate earnings. Oil prices fell, pressuring energy stocks like XLE. TLT gained on safe-haven demand. Citigroup announced a share buyback, boosting its stock, while Altria and Philip Morris were hit by British American Tobacco's brand devaluation. Lucid plans to lower prices, Campbell Soup reported strong earnings, and Carnival saw gains with travel optimism. Brown Forman and MongoDB fell on results, while SentinelOne and Robinhood rose.

Portfolio Pulse from Piero Cingari

December 06, 2023 | 7:04 pm

KVUE

Kenvue Inc. (NYSE:KVUE) stock closed at $20.80 after gaining 1.76% on Dec. 1. The stock has seen a 52-week range between $17.82 and $27.80, with a market cap of $39.8 billion. Kenvue offers a dividend yield of 1.98% and has declared a $0.20 dividend per share for Q4 2023. To earn $500 per month from dividends, an investment of approximately $303,030 is required, equating to 14,569 shares at the current stock price. The article explains how dividend yield is calculated and how it can change with stock price fluctuations.

Portfolio Pulse from Shankar Iyer

December 06, 2023 | 5:30 pm

BXMT

Muddy Waters Research has taken a short position on Blackstone Mortgage Trust (BXMT), citing concerns over interest rate swaps and risk rating manipulations. They predict a significant dividend cut by H2 2024, potential borrower refinancing issues, and a liquidity crisis that could lead to losses wiping out BXMT's market cap.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:25 pm

Mastercard Inc (NYSE:MA) announced a 16% increase in its quarterly cash dividend to $0.66 per share and a new $11 billion share repurchase program, to commence after completing the current $9 billion program. As of December 1, 2023, $3.5 billion remains in the current buyback program. In Q3 FY23, Mastercard reported net revenues of $6.53 billion and adjusted EPS of $3.39, both surpassing consensus estimates. The company also repurchased $1.9 billion in shares and paid $538 million in dividends. MA shares saw a slight increase of 0.47% to $410.61.

Portfolio Pulse from Lekha Gupta

December 06, 2023 | 5:22 pm

The Board of Directors of Deere & Company (NYSE:DE) has increased the quarterly dividend from $1.35 to $1.47 per share, payable on February 8, 2024, to shareholders of record as of December 29, 2023. This represents a 12 cents increase per share from the previous dividend rate.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:18 pm

CAR

Avis Budget Group Inc (NASDAQ:CAR) stock is on the rise after the company announced a special cash dividend of $10 per share, payable on December 21 to shareholders of record as of December 15. Additionally, Avis has bought back approximately 1.3 million shares in Q4 and plans to continue its share repurchase program, with around $820 million remaining. The stock was up 8.62% at $199.82 at the time of reporting.

Portfolio Pulse from Adam Eckert

December 06, 2023 | 4:15 pm

CAR

Avis Budget Group, Inc. has announced a special cash dividend, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:15 pm

ARVN

CPB

PHR

PHVS

PLAY

THO

WBUY

THOR Industries reported better-than-expected quarterly earnings of 99 cents per share against estimates of 98 cents, with sales of $2.50 billion versus $2.498 billion expected, sending its shares up 6.5%. Other stocks also moved higher, with significant gains following positive earnings, clinical study results, strategic moves, and financial updates.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 3:48 pm

MCHP

UMC

Microchip Technology (NASDAQ:MCHP) is distributing a dividend of $0.44 per share today, with an annualized yield of 2.47%. The company has shown a positive trend in both dividend per share and earnings per share from 2019 to 2022, indicating a strong financial position and commitment to enhancing shareholder value. United Microelectronics (NYSE:UMC) has the highest annualized dividend yield in the industry at 7.58%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:05 pm

NHTC

NUS

Nu Skin Enterprises (NYSE:NUS) is set to pay a dividend of $0.39 per share on December 6, 2023, with an annualized yield of 8.21%. Shareholders eligible for this dividend must have held the stock before the ex-dividend date of November 22, 2023. The company has shown a positive trend in dividend growth from $1.48 in 2019 to $1.54 in 2022. However, earnings per share have decreased from $3.44 in 2019 to $3.11 in 2022, indicating a decline in profitability. Nu Skin's dividend yield is moderate compared to industry peers, with Natural Health Trends (NASDAQ:NHTC) leading at 14.90% annualized yield.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:05 pm