Streetbeat News

Dividends

MMC

SPY

Marsh & McLennan Companies Inc. (NYSE:MMC) is showing a strong performance with a 146% increase over the last five years, outpacing the 73% return of the SPDR S&P 500 ETF (NYSE:SPY). The company has grown earnings by an average of 18% per year over the last five years and is expected to grow earnings by 11% per year going forward. MMC is also buying back shares with a buyback yield of 1% and offers a 1.5% dividend. The stock is currently trading at one of its lowest P/E ratios in the last five years.

Portfolio Pulse from Cory Mitchell

November 07, 2023 | 1:41 pm

AESI

NOG

VLO

Wall Street's most accurate analysts recommend buying shares of Atlas Energy Solutions Inc. (AESI), Valero Energy Corporation (VLO), and Northern Oil and Gas, Inc. (NOG) due to their high dividend yields. However, all three companies recently reported disappointing earnings.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:21 pm

IFF

International Flavors & Fragrances Inc (IFF) reported Q3 FY23 revenue of $2.82 billion, beating the consensus of $2.77 billion. However, the revenue was down 8% Y/Y. The company also declared a quarterly cash dividend per share of $0.81. IFF reiterated its FY23 sales outlook at $11.3 billion-$11.6 billion. The company also disclosed the continuation of the cooperation agreement with Icahn Capital.

Portfolio Pulse from Lekha Gupta

November 07, 2023 | 11:36 am

ARTNA

Artesian Resources Corporation (NASDAQ:ARTNA) has announced a 2% increase in its quarterly common stock dividend, raising it to $0.2897 per share. This marks the company's 124th consecutive quarterly dividend and the second increase this year, bringing the total increase to 4%.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:46 pm

ITIC

Investors Title Company has declared a special cash dividend of $4.00 per share, payable to shareholders of record on December 1, 2023, and will be paid on December 15, 2023. The dividend will be funded through existing cash balances.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:29 pm

MEIP

MEI Pharma has declared a special cash dividend of $1.75 per share of common stock, payable on December 6, 2023 to stockholders of record at the close of business on November 17, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:03 pm

AJG

AON

BRKA

CB

MMC

PGR

Berkshire Hathaway (BRKA) posted a record $157 billion in cash holdings and a 41% YoY rise in operating profit. A large part of Berkshire's portfolio consists of insurance companies, with its insurance float growing 8,000-fold since the purchase of National Indemnity 55 years ago. The company's insurance arm contributed $2.4 billion to its recent quarterly operating profit, largely due to profits from car insurer Geico. Unlike Berkshire, some insurance companies pay dividends, including Marsh & McLennan (MMC), Progressive Corp (PGR), Chubb Ltd (CB), Aon Plc (AON), and Arthur J. Gallagher & Co. (AJG).

Portfolio Pulse from Natan Ponieman

November 06, 2023 | 10:02 pm

PVL

Permianville Royalty Trust has declared a second special cash distribution of $0.077250 per unit, payable on November 22, 2023 to unitholders of record on November 16, 2023. This distribution is from the net proceeds of the Permian Basin divestiture.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:19 pm

AL

Air Lease Corp (NYSE:AL) reported Q3 FY23 revenue of $659.4 million, a 17.5% increase Y/Y, beating the consensus of $657.7 million. The revenue growth was driven by an increase in fleet size and sales activity. The company also increased its quarterly cash dividend per share by 5% to $0.21. As of November 6, 2023, the company had 40 aircraft with a carrying value of about $1.8 billion in the sales pipeline.

Portfolio Pulse from Lekha Gupta

November 06, 2023 | 3:45 pm

ABM

ARIS

ABM Indus (NYSE:ABM) is set to deliver a dividend payout of $0.22 per share, equating to an annualized dividend yield of 1.96%. The company has shown a positive financial trend with an increase in both dividend per share and earnings per share from 2019 to 2022. Aris Water Solutions (NYSE:ARIS) has the highest annualized dividend yield at 3.76% among ABM's industry peers.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 3:05 pm