Streetbeat News

Dividends

ALLY

CG

MS

Wall Street's most accurate analysts recommend buying three financial stocks with over 4% dividend yields: Morgan Stanley, The Carlyle Group Inc., and Ally Financial Inc. These stocks are favored during market uncertainty due to their high free cash flows and substantial dividend payouts. Recent analyst ratings and price target adjustments for these companies have been provided, along with notable corporate news such as leadership changes and acquisition deals.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 2:16 pm

DE

Deere & Co (NYSE:DE) reported a 1% Y/Y decrease in net sales and revenue at $15.41 billion, beating consensus estimates of $13.69 billion. EPS was $8.26, exceeding the $7.47 consensus. FY24 net income is projected at $7.75 billion-$8.25 billion, below market estimates of $9.33 billion. Deere's dividend yield is 1.46%, with a quarterly dividend of $1.35 per share. To earn $500 monthly from dividends, an investor would need 1,111 shares, valued at approximately $411,914. For $100 monthly, 222 shares or $82,309 would be needed. Dividend yield fluctuates with stock price and dividend changes. DE shares dropped 3.1% to close at $370.76 on Wednesday.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 1:29 pm

HMST

OPBK

OP Bancorp (NASDAQ:OPBK) is set to distribute a dividend of $0.12 per share on November 23, 2023, with an annualized yield of 5.73% for shareholders recorded before November 08, 2023. The company has shown a consistent increase in dividends per share from $0.20 in 2019 to $0.44 in 2022, and a rise in earnings per share from $0.93 to $2.21 over the same period. OP Bancorp's financial health and commitment to shareholder value are evident, with its dividend yield being competitive within the industry, as HomeStreet (NASDAQ:HMST) has the highest yield at 6.40%.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 3:05 pm

BUSE

FUND

GECC

HRTG

SBSI

Benzinga Insights identified five value stocks in the financial services sector based on low P/E ratios. Heritage Insurance Hldgs (HRTG) has a P/E of 7.82 and reported a decrease in EPS from $0.32 to $-0.28, with a rising dividend yield. Sprott Focus Trust (FUND) saw EPS decrease from $0.26 to $0.03, with a slightly reduced dividend yield. Great Elm Capital (GECC) reported a small decrease in EPS and dividend yield. Southside Bancshares (SBSI) experienced a drop in EPS, while First Busey (BUSE) reported an increase in EPS and a higher dividend yield.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:46 pm

PVH

PVH Corp (NYSE:PVH) has announced a quarterly dividend of 3.75 cents per share, with Monday being the last day for investors to buy the stock and be eligible for this dividend. The stock will go ex-dividend on Tuesday, which means it will trade lower by the amount of the dividend. The dividend is scheduled to be paid out on December 20, 2023.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:45 pm

PAHC

Phibro Animal Health (NASDAQ:PAHC) announced a quarterly dividend of 12 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on December 20, 2023. The stock is expected to open 12 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:45 pm

ENR

Energizer Holdings (NYSE:ENR) announced a quarterly dividend of 30 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday's session will be eligible for the dividend, which will be paid on December 14, 2023. The stock is expected to open 30 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:45 pm

CCS

Century Communities (NYSE:CCS) announced a quarterly dividend of 23 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning CCS stock by the end of Monday are eligible for the dividend, to be paid on December 13, 2023. The stock is expected to open 23 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:45 pm

SLF

Sun Life Financial (NYSE:SLF) announced a quarterly dividend of 78 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning SLF stock by the end of Monday are eligible for the dividend, which will be paid on December 29, 2023. The stock is expected to open 78 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:45 pm

EG

Everest Group (NYSE:EG) will pay a quarterly dividend of $1.75 per share. The ex-dividend date is Tuesday, meaning shares will trade lower by the dividend amount. Shareholders as of Monday's close are eligible for the dividend, which will be paid on December 15, 2023.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:45 pm