Streetbeat News

Dividends

CHE

Chemed (NYSE:CHE) has announced a quarterly dividend of 40 cents per share, payable on December 04, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 40 cents lower. Shareholders owning CHE by the end of Thursday's session will be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 2:45 pm

GNE

Genie Energy (NYSE:GNE) has announced a quarterly dividend of 7.5 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 7.5 cents lower to reflect the payout. Shareholders who own GNE as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 21, 2023.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 2:45 pm

TGLS

Tecnoglass Inc (NYSE:TGLS) reported a 4.4% Y/Y revenue growth to $210.7 million, beating the consensus of $207.6 million, and adjusted EPS of 98 cents, beating the consensus of 97 cents. The company tightened its FY23 sales outlook to $835 million-$848 million and revised the adjusted EBITDA outlook to $300 million-$308 million. The company has a dividend yield of 1.19%, which is a quarterly dividend amount of 9 cents a share. However, the company's shares fell 12.1% to close at $30.13 on Monday.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:42 pm

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