Streetbeat News

Dividends

SBR

Sabine Royalty (NYSE:SBR) has announced a monthly dividend of 72.08 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 72.08 cents lower to reflect the payout. Shareholders owning SBR as of the end of Monday's session are eligible for the dividend, which will be paid out on November 29, 2023.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 2:45 pm

BTE

FANG

STNG

SU

VLO

Benzinga Insights has identified five value stocks in the energy sector that may be worth watching: Scorpio Tankers (STNG), Diamondback Energy (FANG), Valero Energy (VLO), Suncor Energy (SU), and Baytex Energy (BTE). The selection is based on low P/E multiples, indicating that these companies may be undervalued. Recent earnings per share and dividend yield changes for each company are also reported.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 2:39 pm

TDG

TransDigm Group Incorporated (NYSE:TDG) has announced the acquisition of the Electron Device Business of Communications & Power Industries for $1.385 billion in cash. The acquisition is expected to close by the end of TransDigm's third fiscal quarter of 2024. TransDigm also declared a special cash dividend of $35.00 on each outstanding share of common stock. The company expects fiscal 2024 net sales of $7.48 billion-$7.68 billion and Adjusted EPS of $31.00-$32.94.

Portfolio Pulse from Shivani Kumaresan

November 09, 2023 | 2:09 pm

SN

SharkNinja has approved a special cash dividend of $1.08 per share, totaling approximately $150 million. The dividend will be payable on or about December 11 to its shareholders of record as of December 1, 2023. The dividend will be funded by cash on hand, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:01 pm

DIS

Walt Disney Co (NYSE:DIS) shares are trading higher following the company's Q4 financial results. Despite missing revenue estimates, Disney beat earnings per share estimates. The company added nearly 7 million Disney+ subscribers in Q4, and expects its combined streaming businesses to reach profitability in Q4 2024. Disney is on track to achieve $7.5 billion in cost reductions for the year. The company also announced the upcoming launch of ESPN Bet and plans to recommend a dividend declaration by year-end.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 1:58 pm

RL

Ralph Lauren Corporation (NYSE:RL) reported a 3% YoY sales growth to $1.63 billion for Q2 FY24, beating the analyst consensus estimate of $1.61 billion. The company's adjusted EPS of $2.10 also surpassed the consensus estimate of $1.93. Ralph Lauren's current dividend yield is 2.58%, equating to a quarterly dividend of 75 cents a share ($3.00 a year). To earn $500 monthly from Ralph Lauren dividends, an investor would need to own approximately $232,940 worth of Ralph Lauren, or 2,000 shares.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 1:34 pm

ABBV

OGN

PINC

Three health care stocks with over 4% dividend yields have been highlighted by Wall Street's most accurate analysts. Organon & Co. (OGN) has a dividend yield of 9.13% but posted weaker-than-expected Q3 results. AbbVie Inc. (ABBV) has a dividend yield of 4.37% and reported better-than-expected Q3 earnings, raising its profit outlook. Premier, Inc. (PINC) has a dividend yield of 4.24% and posted stronger-than-expected Q1 earnings.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 12:36 pm

TDG

TransDigm Group Incorporated has announced its Q4 results and declared a special cash dividend of $35.00 per share. The record date for the special dividend is November 20, 2023, and the payment date is November 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 12:20 pm

BDX

The Board of Directors of BD (Becton, Dickinson and Company) (NYSE:BDX) has declared a quarterly dividend of $0.95 per common share, an increase of 4.4% from the previous quarter. The dividend will be payable on December 29, 2023 to holders of record on December 8, 2023. The indicated annual dividend rate for fiscal year 2024 is $3.80 per share.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:27 am

EIC

Eagle Point Income Company Inc. (EIC) has announced an increase in common stock distributions for Q1 2024 from $0.18 to $0.20 per share. This represents an 11% increase from the monthly distributions during Q4 2023. The company also declared distributions on shares of its 5.00% Series A Term Preferred Stock due 2026 and 7.75% Series B Term Preferred Stock due 2028.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:00 pm