Streetbeat News

Dividends

AJG

AON

BRKA

CB

MMC

PGR

Berkshire Hathaway (BRKA) posted a record $157 billion in cash holdings and a 41% YoY rise in operating profit. A large part of Berkshire's portfolio consists of insurance companies, with its insurance float growing 8,000-fold since the purchase of National Indemnity 55 years ago. The company's insurance arm contributed $2.4 billion to its recent quarterly operating profit, largely due to profits from car insurer Geico. Unlike Berkshire, some insurance companies pay dividends, including Marsh & McLennan (MMC), Progressive Corp (PGR), Chubb Ltd (CB), Aon Plc (AON), and Arthur J. Gallagher & Co. (AJG).

Portfolio Pulse from Natan Ponieman

November 06, 2023 | 10:02 pm

PVL

Permianville Royalty Trust has declared a second special cash distribution of $0.077250 per unit, payable on November 22, 2023 to unitholders of record on November 16, 2023. This distribution is from the net proceeds of the Permian Basin divestiture.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:19 pm

AL

Air Lease Corp (NYSE:AL) reported Q3 FY23 revenue of $659.4 million, a 17.5% increase Y/Y, beating the consensus of $657.7 million. The revenue growth was driven by an increase in fleet size and sales activity. The company also increased its quarterly cash dividend per share by 5% to $0.21. As of November 6, 2023, the company had 40 aircraft with a carrying value of about $1.8 billion in the sales pipeline.

Portfolio Pulse from Lekha Gupta

November 06, 2023 | 3:45 pm

ABM

ARIS

ABM Indus (NYSE:ABM) is set to deliver a dividend payout of $0.22 per share, equating to an annualized dividend yield of 1.96%. The company has shown a positive financial trend with an increase in both dividend per share and earnings per share from 2019 to 2022. Aris Water Solutions (NYSE:ARIS) has the highest annualized dividend yield at 3.76% among ABM's industry peers.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 3:05 pm

GLBZ

KFFB

Glen Burnie Bancorp (NASDAQ:GLBZ) is distributing a dividend payout of $0.10 per share, with an annualized dividend yield of 6.44%. The company has maintained a steady dividend per share of $0.40 from 2019 to 2022, and its earnings per share have risen from $0.48 to $0.51 over the same period. Kentucky First Federal (NASDAQ:KFFB) has the highest annualized dividend yield in the industry at 9.24%.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 3:05 pm

LKFN

NWBI

Lakeland Financial (NASDAQ:LKFN) has announced a dividend payout of $0.46 per share, resulting in an annualized dividend yield of 3.85%. The company has seen an increase in dividend per share from $1.16 in 2019 to $1.60 in 2022, and an increase in earnings per share from $3.35 to $3.98 over the same period. Northwest Bancshares (NASDAQ:NWBI) leads the industry with the highest annualized dividend yield at 7.26%.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 3:05 pm

EGBN

OSBC

Old Second Bancorp (NASDAQ:OSBC) is set to distribute a dividend payout of $0.05 per share, resulting in an annualized dividend yield of 1.47%. This payout is exclusive to investors who held the stock before the ex-dividend date on October 26, 2023. The company's dividend yield is relatively lower compared to its industry peers, with Eagle Bancorp (NASDAQ:EGBN) having a higher annualized dividend yield of 7.76%. However, Old Second Bancorp has shown a steady increase in dividend per share from 2019 to 2022 and a growth in earnings per share, indicating a strong financial position.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 3:05 pm

SLP

Simulations Plus (NASDAQ:SLP) is set to distribute a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 0.60%. The company has maintained a steady dividend per share of $0.24 from 2019 to 2022, demonstrating its commitment to a stable dividend policy. Simulations Plus has also seen an increase in earnings from $0.48 per share to $0.61 per share from 2019 to 2022, suggesting potential for increased cash dividend payouts if the trend continues.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 3:05 pm

FRST

Primis Finl (NASDAQ:FRST) has announced a quarterly dividend of 10 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 10 cents lower. Shareholders who own FRST as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 24, 2023.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 2:45 pm

MAS

Masco (NYSE:MAS) has announced a quarterly dividend of 28.5 cents per share, which will be paid out to shareholders on November 27, 2023. To be eligible for this dividend, shareholders must own the stock prior to the ex-dividend date, which is Thursday. The stock will likely open 28.5 cents lower on Thursday to reflect the payout.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 2:45 pm