Streetbeat News

Dividends

PTRS

Partners Bancorp (NASDAQ:PTRS) announced a quarterly dividend of 4 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on November 27, 2023. The stock is expected to open 4 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:45 pm

ADX

Adams Diversified Equity (NYSE:ADX) will go ex-dividend on Friday, with shareholders as of Thursday's close eligible for a $1.15 per share dividend. The stock is expected to open $1.15 lower on Friday to reflect the dividend payout. The dividend will be paid on December 20, 2023.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:45 pm

PEO

Adams Natural Res FD (NYSE:PEO) announced a quarterly dividend of $1.05 per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday and is expected to open $1.05 lower to reflect the payout. The dividend is scheduled to be paid on December 15, 2023.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:45 pm

PTMN

Portman Ridge Finance (NASDAQ:PTMN) announced a quarterly dividend of 69 cents per share, with the ex-dividend date set for Friday. Shareholders owning PTMN stock by the end of Thursday are eligible for the dividend, which will be paid on November 30, 2023. The stock is expected to open 69 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:45 pm

WYNN

Wynn Resorts (NASDAQ:WYNN) announced a quarterly dividend of 25 cents per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday, likely opening 25 cents lower. The dividend is scheduled to be paid on November 30, 2023.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:45 pm

BBW

DDS

MBC

TNL

The article provides an overview of notable value stocks in the consumer cyclical sector, highlighting their low P/E ratios as indicators of being undervalued. General Motors (GM), Dillard's (DDS), Travel+Leisure (TNL), Build-A-Bear Workshop (BBW), and MasterBrand (MBC) are mentioned with their respective P/E ratios and recent financial performance, including earnings per share and dividend yields. GM and TNL reported increases in both earnings per share and dividend yields, DDS's earnings per share increased with stable dividend yield, while BBW saw a decrease in earnings per share. MBC's earnings per share increased slightly.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:43 pm

ARW

BELFB

MVLA

VSH

The article lists 5 value stocks in the technology sector, identified by Benzinga Insights based on their low P/E multiples, indicating potential undervaluation. The stocks are Vishay Intertechnology (VSH), Movella Holdings (MVLA), Daqo New Energy (DQ), Arrow Electronics (ARW), and Bel Fuse (BELFB). The article provides recent financial performance details, including Q3 earnings per share and changes in dividend yields for these companies.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:41 pm

JBLU

SAVE

JetBlue Airways Corporation (NASDAQ:JBLU) has announced November 24, 2023, as the record date for an additional prepayment of $0.10 per share to Spirit Airlines, Inc. (NYSE:SAVE) stockholders, with the payment to be made on November 30, 2023. This is in accordance with the Merger Agreement dated July 28, 2022.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:18 pm

AER

BABA

CCI

LAC

ROK

VRT

Jim Cramer on CNBC's 'Mad Money Lightning Round' recommended buying Energy Transfer LP (ET) for its nearly 10% yield, and Crown Castle Inc. (CCI) for its 6% yield. He labeled Lithium Americas Corp. (LAC) as speculative and not profitable, and while endorsing Alibaba Group Holding Limited (BABA) for a trade, he advised against long-term investment in China. Cramer suggested buying BlackBerry Limited (BB) as a speculative play at $3, and Vertiv Holdings Co (VRT) as a winning stock. He sees potential in Rockwell Automation, Inc. (ROK) despite a recent miss, and recommends AerCap Holdings N.V. (AER) as a non-airline travel play. Price actions for these stocks on Monday were mixed, with gains for AER, ROK, VRT, and ET, and declines for BB, CCI, BABA, and LAC.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 2:01 pm

GLNCY

TECK

Teck Resources Limited (NYSE:TECK) has agreed to sell its steelmaking coal business, Elk Valley Resources, to Glencore plc and Nippon Steel Corporation for an implied enterprise value of $9 billion. Glencore will acquire a 77% stake for $6.9 billion, while Nippon Steel will buy a 20% interest. Proceeds will be used to strengthen Teck's balance sheet and return cash to shareholders. The deal is expected to close in Q3 2024 for Glencore and Q1 2024 for Nippon Steel, subject to regulatory approvals. Glencore will establish a Canadian head office for the business, maintain jobs, and increase investment in the community.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:34 pm