Streetbeat News

Dividends

WMC

Western Asset Mortgage (NYSE:WMC) has announced a quarterly dividend of 14 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 14 cents lower. Shareholders who own WMC as of the end of Wednesday's session are eligible to receive the dividend payout. The dividend will be paid out to shareholders on November 08, 2023.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:45 pm

ALV

AMZN

DIS

GOOG

HSBC

LUV

MCD

PEAK

RIVN

TRP

WDC

XPO

Southwest Airlines may face a fine due to operational disruptions last December. Healthpeak Properties and Physicians Realty Trust are merging in a $21B deal. Google can turn ANC headphones and wireless earbuds into heart rate monitors. Toyota's September sales grew due to strong demand. Rivian will start charging for its charging network. Autoliv plans to reduce its headcount in France. FDA warns against the use of certain eye drops. Nelson Peltz gains backing from Isaac Perlmutter for changes at Disney. TC Energy explores asset sales worth $10B. Amazon uses generative AI for holiday ad boost. Blackstone buys a majority stake in Care Hospitals in India. McDonald's Q3 sales grew by 14% YoY. HSBC's Q3 revenues increased by 40% YoY. Panasonic's H1 FY24 sales grew by 1% YoY. Western Digital plans to split its business. XPO's Q3 FY23 revenue grew by 1.7% YoY.

Portfolio Pulse from Vandana Singh

October 30, 2023 | 2:07 pm

DOC

PEAK

Healthpeak Properties Inc (NYSE:PEAK) and Physicians Realty Trust (NYSE:DOC) have agreed to a $21 billion all-stock merger. The combined company will have a 52 million square foot portfolio and is expected to generate run-rate synergies of at least $40 million by the end of year one and up to $60 million by the end of year two. The merged entity will operate under the Healthpeak Properties Inc. name and trade under the ticker symbol 'DOC'. Post-merger, Healthpeak and Physicians Realty Trust shareholders will own approximately 77% and 23% of the combined company, respectively.

Portfolio Pulse from Vandana Singh

October 30, 2023 | 1:46 pm

KALU

SMG

Three materials stocks with over 4% dividend yields have been highlighted by Wall Street's most accurate analysts. These include The Scotts Miracle-Gro Company (SMG) with a dividend yield of 5.87%, The Chemours Company (CC) with a dividend yield of 4.24%, and Kaiser Aluminum Corporation (KALU) with a dividend yield of 5.67%. Recent news for these companies include executive team reorganization for SMG, weaker-than-expected Q3 results for CC, and downbeat Q3 sales for KALU.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:58 pm

LNG

Cheniere Energy, Inc. (NYSE:LNG) has announced a 10% increase in its quarterly cash dividend to $0.435 per common share, payable on November 17, 2023 to shareholders of record as of the close of business on November 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:32 pm

CVX

Chevron Corp reported Q3 earnings with total revenues of $54.1 billion, beating the consensus of $51.44 billion, but an adjusted EPS of $3.05, missing the consensus of $3.75. The company offers an annual dividend yield of 4.18%, which is a quarterly dividend amount of $1.51 per share. To earn $500 per month from dividends alone, an investment of approximately $143,340 or around 993 shares is needed. Chevron's shares fell 6.7% to close at $144.35 on Friday.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:22 pm

MCD

McDonald's Corp reported Q3 FY23 sales growth of 14% YoY to $6.692 billion, beating the analyst consensus estimate. Global comparable sales rose 8.8%, with U.S. comparable sales up 8.1% due to strategic menu price increases. Operating income rose 16% to $3.208 billion, with an operating margin of 47.9%. Adjusted EPS of $3.19 beat the consensus estimate. The company also increased the quarterly cash dividend by 10% to $1.67 per share. MCD shares are trading higher by 3.10% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 11:53 am

HSBC

HSBC Holdings PLC reported Q3 2023 revenues increased 40% Y/Y to $16.2 billion, with net interest income (NII) increasing 15% Y/Y to $9.2 billion. Profit before tax rose to $7.7 billion for Q3 from $3.2 billion a year earlier. The bank initiated a share buy-back of up to $3 billion and reaffirmed its target of paying a special dividend per share of $0.21 from completing the Canadian Banking unit sale in H1 2024.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 10:46 am

HSBC

HSBC has declared a third interim dividend for FY23 of $0.10 per share, amounting to a distribution of approximately $1.946bn. The dividend will be payable on 21 December 2023. The bank also reiterated its commitment to pay a special dividend of $0.21 per share from the proceeds of the sale of its Canadian banking unit in H1 2024. Any excess capital will be used to supplement share buy-backs.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:11 am

DXCM

FCNCA

VFC

Barron's has highlighted several stocks in its weekend review, including Verizon Communication Inc, DexCom, Inc, VF Corp, First Citizens Bancshares Inc, and Altria Group Inc. Verizon's stock had a strong week due to robust Q3 earnings and a higher dividend yield. DexCom's stock is rising due to strong earnings and unaffected demand for glucose monitoring devices. VF Corp is under scrutiny due to a significant stock decline. First Citizens Bancshares' stock has surged due to the successful integration of Silicon Valley Bank. Altria's stock fell due to an earnings miss and lowered guidance, leading to a high dividend yield.

Portfolio Pulse from Justin Chan

October 29, 2023 | 12:04 am