Streetbeat News

Dividends

IP

KALU

KRO

The article discusses three high-yielding dividend stocks in the materials sector, as rated by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. Kronos Worldwide, Inc. (KRO) has a dividend yield of 8.68% but recently reported a net loss, leading to mixed analyst ratings and price target cuts. Kaiser Aluminum Corporation (KALU) offers a 5.34% dividend yield, but faced downbeat sales in the third quarter, with analysts maintaining Neutral and Buy ratings. International Paper Company (IP) has a 5.17% dividend yield and reported third-quarter sales that missed consensus, resulting in adjusted price targets and maintained ratings.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 12:49 pm

CM

CIBC has announced an increase in its quarterly dividend to $0.90 per share, up $0.03 from the previous quarter. The dividend is payable on January 29, 2024, to shareholders of record as of December 28, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 10:32 am

PSX

Phillips 66 confirms ongoing discussions with Elliott Investment and updates on its business goals, including raising shareholder distributions, monetizing non-core assets, returning cash flow to shareholders, and increasing savings and EBITDA targets.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:25 am

CBRL

DELL

KR

LZB

NTNX

U.S. stock futures are trading higher, with investor focus on earnings reports from The Kroger Co. (KR), La-Z-Boy Incorporated (LZB), Dell Technologies Inc. (DELL), Nutanix, Inc. (NTNX), and Cracker Barrel Old Country Store, Inc. (CBRL). Kroger is expected to report earnings of $0.90 per share on revenue of $33.91 billion. La-Z-Boy reported higher earnings and increased its dividend by 10%, with shares rising 2.5%. Dell is anticipated to post earnings of $1.46 per share on revenue of $23.02 billion. Nutanix reported better-than-expected results and raised its FY24 revenue guidance, leading to an 8.5% share increase. Cracker Barrel is expected to report earnings of $0.75 per share on revenue of $826.21 million.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 7:19 am

NOAH

Noah Holdings' Board has adopted a new policy allocating up to 50% of the previous year's non-GAAP net income for dividends and share repurchases.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:11 pm

LZB

La-Z-Boy has announced a 10% increase in its quarterly cash dividend, raising it from $0.1815 to $0.20 per share. The dividend is scheduled to be paid on December 18, 2023, to shareholders on record as of December 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:01 pm

VRT

Vertiv Holdings Co (NYSE:VRT) has raised its FY23 guidance due to strong demand for its digital infrastructure products and services. The company increased its net sales guidance, organic net sales growth, and adjusted EPS. Additionally, Vertiv announced a $3 billion share repurchase program and an increase in its annual cash dividend for 2023. Despite the positive news, VRT shares are trading lower by 1.517% at $41.61.

Portfolio Pulse from Shivani Kumaresan

November 29, 2023 | 5:12 pm

NAT

Nordic American Tankers Ltd (NYSE:NAT) reported Q3 FY23 earnings with net voyage revenue of $48.04 million, up 1.4% Y/Y but below the $59.14 million consensus. EPS was $0.04, down from $0.05 in 3Q22 and missing the $0.05 consensus. Operating income and adjusted EBITDA also declined Y/Y. The company declared a $0.06 dividend per share, with a new Suezmax tanker delivery scheduled for December 4, 2023. NAT shares fell 8.4% to $3.92.

Portfolio Pulse from Akanksha Bakshi

November 29, 2023 | 4:45 pm

HPE

Hewlett Packard Enterprise (HPE) stock is trading higher following the announcement of a Q4 earnings per share (EPS) beat and an increase in its dividend.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:27 pm

F

GM

Ford Motor Co (NASDAQ:F) stock is trading higher, likely influenced by General Motors Co (NYSE:GM) reinstating its 2023 guidance, increasing its dividend, and announcing a $10 billion accelerated share repurchase program. GM's positive outlook and shareholder return plans come after resolving labor disruptions from a UAW strike. GM expects full-year 2023 earnings of $6.52 to $7.02 per share and adjusted earnings of $7.20 to $7.70 per share, including an estimated $1.1 billion impact from the strikes. GM's adjusted automotive free cash flow forecast is also raised to $10.5 billion to $11.5 billion. GM's stock rose over 11%, while Ford's shares increased by 4.48% to $10.83.

Portfolio Pulse from Adam Eckert

November 29, 2023 | 3:28 pm