Streetbeat News

Dividends

HPQ

IBM

MEI

Wall Street's most accurate analysts have provided their ratings on three high-yielding tech stocks: IBM, HP Inc., and Methode Electronics. These stocks offer dividend yields of over 3%, making them attractive during market turbulence. Recent analyst ratings and company news are highlighted for each stock.

Portfolio Pulse from Avi Kapoor

July 02, 2024 | 11:32 am

MSFT

RSG

Steve Ballmer has surpassed Bill Gates in wealth, becoming the wealthiest former CEO of Microsoft, thanks to a 21% increase in Microsoft's stock driven by AI advancements. Ballmer's net worth is now $157.2 billion, while Gates' is $156.7 billion, with Gates having diversified his holdings significantly.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 3:53 am

OZK

Bank OZK announced an increase in its quarterly common stock dividend from $0.39 to $0.40 per share, marking a 2.56% rise. This dividend is payable on July 19, 2024, to shareholders of record as of July 12, 2024. The bank has consistently increased its quarterly dividend for the past fifty-six quarters.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:03 pm

WFC

Wells Fargo shares are trading higher after the company increased its dividend.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:36 pm

JPM

JPMorgan Chase shares are trading higher after the company raised its dividend and authorized a buyback program.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:34 pm

NEP

NextEra Energy Partners (NEP) shares dropped significantly after RBC Capital Markets downgraded the stock from Outperform to Sector Perform and reduced the price target from $38 to $30. The downgrade is due to concerns about insufficient growth from wind repowering and looming $3.7B CEPF liabilities post-2026. Analyst Shelby Tucker suggests a potential dividend cut to manage these financial challenges.

Portfolio Pulse from Priya Nigam

July 01, 2024 | 4:02 pm

RGP

SWK

UPS

Wall Street's most accurate analysts have provided their latest ratings on three high-dividend-yielding industrial stocks: Resources Connection, Inc. (RGP), United Parcel Service, Inc. (UPS), and Stanley Black & Decker, Inc. (SWK). The analysts have adjusted their price targets and ratings based on recent performance and market conditions.

Portfolio Pulse from Avi Kapoor

July 01, 2024 | 12:51 pm

STZ

Constellation Brands, Inc. (NYSE:STZ) is set to release its Q1 earnings report, with analysts expecting an EPS of $3.46 and revenue of $2.68 billion. UBS and JPMorgan have recently adjusted their price targets for the stock. The company offers a 1.57% annual dividend yield, translating to $1.01 per share quarterly. Investors would need approximately $382,061 in STZ shares to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

July 01, 2024 | 12:49 pm

USB

U.S. Bancorp (NYSE:USB) expects a 3.1% stress capital buffer following the Federal Reserve's stress test and plans to increase its quarterly dividend by 2% to $0.50 per share, effective Q4 2024. The company remains well-capitalized with a CET1 ratio of 10.0% as of March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:26 am

BAC

C

GS

JPM

MS

WFC

Several major U.S. banks, including JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, and Wells Fargo, have announced dividend increases following their successful performance in the Federal Reserve's annual stress test. This indicates their robust financial health and resilience, likely boosting investor confidence.

Portfolio Pulse from Bibhu Pattnaik

June 29, 2024 | 4:11 pm