Streetbeat News

Dividends

KT

LILA

MOMO

TEO

VZ

Benzinga Insights identifies value stocks in the communication services sector based on low P/E ratios. Stocks mentioned include Verizon Communications (VZ), Liberty Latin America (LILA), Hello Gr (MOMO), Telecom Argentina (TEO), and KT (KT). Verizon's EPS increased slightly in Q3, and its dividend yield rose. Liberty Latin America, Hello Gr, and Telecom Argentina also reported increases in EPS, while KT's EPS grew from Q1 to Q2. Value stocks may take time to rebound and carry the risk of not doing so.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:45 pm

AFB

Alliancebernstein (NYSE:AFB) announced a monthly dividend of 3.27 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will likely open 3.27 cents lower to reflect the payout. Shareholders owning AFB by the end of Wednesday will receive the dividend on December 22, 2023.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:45 pm

MNRO

Monro (NASDAQ:MNRO) has announced a quarterly dividend of 28 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will likely open 28 cents lower. The dividend is scheduled to be paid on December 19, 2023.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:45 pm

EFC

Ellington Financial (NYSE:EFC) announced a monthly dividend of 6 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on December 13, 2023. The stock is expected to open 6 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:45 pm

ABR

AFCG

FPH

RITM

SEVN

Benzinga Insights identifies value stocks in the real estate sector based on low P/E ratios. AFC Gamma (AFCG), Arbor Realty Trust (ABR), Rithm Capital (RITM), Five Point Holdings (FPH), and Seven Hills Realty Trust (SEVN) are highlighted for their undervaluation. The article provides recent EPS and dividend yield changes for these companies, suggesting potential investment opportunities.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:39 pm

PEG

SRE

XEL

Wall Street's most accurate analysts have recommended three utilities stocks with over 3% dividend yields: Sempra (SRE), Xcel Energy Inc. (XEL), and Public Service Enterprise Group (PEG). These stocks are considered attractive during market uncertainty due to their high dividend payouts. Recent analyst actions include rating changes and price target adjustments. Sempra recently announced a new CFO, Xcel Energy reported lower-than-expected earnings, and Public Service Enterprise posted strong earnings.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 1:40 pm

MS

VZ

Verizon Communications Inc. (NYSE:VZ) closed at $37.50 with a market cap of $157.65 billion after a favorable trading session on Nov. 28. The stock's 52-week range is $30.135 to $44.73, and it has a dividend yield of 7.24%. Verizon paid $8.2 billion in dividends from January to September, slightly higher than the previous year. Mairs & Power and institutional investors like Julius Baer & Co., Moneta Group, Norges Bank, Morgan Stanley (NYSE:MS), and Arrowstreet Capital have increased their holdings in Verizon. To earn $500 per month from Verizon's dividends, an investment of approximately $82,873 is needed, equating to 2,210 shares at $37.50 each.

Portfolio Pulse from Shankar Iyer

December 01, 2023 | 4:33 pm

FIS

Fidelity National Information Services Inc. (NYSE:FIS) stock is trading at $57.56, up about 19% in the last month but still near the lower end of its 52-week range. The company has a dividend yield of 3.77%, with $926 million in dividends paid from January to September, an 8% increase from the previous year. To earn $500 per month from dividends, an investment of approximately $159,151 is required, equating to 2,765 shares. Dividend yield calculations should consider potential changes in stock prices and company dividend policies.

Portfolio Pulse from Shankar Iyer

December 01, 2023 | 4:27 pm

GGG

Graco Inc. (NYSE:GGG) has announced an 8.5% increase in its quarterly dividend, raising it from $0.235 to $0.255 per share. The new dividend is payable on February 7, 2024, to shareholders of record as of January 22, 2024. Graco has around 167.8 million shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:26 pm

BMO

Bank of Montreal (NYSE:BMO) reported a Q4 FY23 revenue decrease of 22.3% Y/Y to C$8.36 billion, with adjusted revenue up 19% Y/Y. Adjusted EPS dropped to C$2.81 from C$3.04 in 4Q22. Net income fell to C$1.617 billion, and the provision for credit losses doubled to C$446 million. ROE decreased to 8.6% from 27.6%, and the CET1 ratio fell to 12.5% from 16.7%. However, Canadian P&C and U.S. P&C net incomes increased Y/Y, while BMO Wealth Management and Corporate Services saw declines. BMO raised its dividend by 3% to C$1.51, payable on February 27, 2024. BMO shares rose 1.75% to $83.73.

Portfolio Pulse from Akanksha Bakshi

December 01, 2023 | 3:38 pm