Streetbeat News

Dividends

FR

First Industrial Realty Trust has performed well with a 26% rise in the past year and a 12% return since the last 'buy' rating. Despite strong lease renewals and a solid balance sheet, high interest rates and geopolitical risks may limit its upside. The company offers a 2.8% dividend yield and over 7% expected dividend growth, supporting a 'buy' rating with a target of 10% long-term returns.

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November 14, 2024 | 3:15 am

TU

TELUS, a major Canadian telecom company, is considered undervalued and offers a potential 16% annualized upside until 2026. Despite recent earnings challenges, its investments in fiber infrastructure and wireless segments are expected to drive future growth. The company offers a 7% yield and improving free cash flow, with its core business remaining strong. Non-telco investments pose some risks, but the dividend is expected to remain stable.

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November 14, 2024 | 2:45 am

NLY

Annaly Capital Management is poised to benefit from falling Federal Fund rates, which could improve its net interest spread, leading to higher earnings and a safer dividend. The company is experiencing strong interest income and valuation growth in its mortgage-backed securities portfolio. Annaly's shares are attractively priced with a 13% dividend yield and a price-to-book ratio in line with historical averages.

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November 14, 2024 | 1:45 am

CSX

CSX Corporation is highlighted as a strong dividend growth stock with a 20-year streak of dividend increases, aggressive buybacks, and a wide economic moat. The company benefits from onshoring trends, government incentives, and partnerships in North America's industrial and chemical sectors. Despite a low dividend yield, CSX's focus on industrial expansion and renewable fuels suggests strong long-term growth potential.

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November 13, 2024 | 11:45 pm

AMLP

ENFR

The Alerian MLP ETF (AMLP) and the Alerian Energy Infrastructure ETF (ENFR) have announced increased distributions for the fourth quarter of 2024, with AMLP declaring $0.95 and ENFR declaring $0.34603.

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November 13, 2024 | 10:45 pm

KMB

Kimberly-Clark Corporation has declared a quarterly dividend of $1.22 per share, payable on January 3, 2025, to shareholders of record as of December 6, 2024. The company also announced the date for its 2024 Annual Shareholder Meeting.

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November 13, 2024 | 10:45 pm

KBDC

Kayne Anderson BDC, Inc. (KBDC) announced its financial results for Q3 2024, highlighting strong origination activity. The company declared a Q4 2024 dividend of $0.40 per share.

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November 13, 2024 | 10:30 pm

ECF

Ellsworth Growth and Income Fund Ltd. has announced a cash distribution of $0.14 per share, payable on December 30, 2024, to shareholders of record as of November 22, 2024.

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November 13, 2024 | 10:15 pm