Streetbeat News

Dividends

HMST

HomeStreet (NASDAQ:HMST) has announced a quarterly dividend of 10 cents per share, payable on November 22, 2023. The stock will go ex-dividend on Tuesday, meaning it will likely open 10 cents lower. Shareholders who own HMST as of the end of Monday's session are eligible to receive the dividend.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 2:45 pm

APA

CHK

CRC

KLXE

STNG

Benzinga Insights has identified Chesapeake Energy, California Resources, Scorpio Tankers, KLX Energy Services Hldgs, and APA as notable value stocks in the energy sector. These companies have lower price-to-earnings multiples, indicating potential undervaluation. Recent earnings reports and dividend yields were also highlighted.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 2:39 pm

IIPR

Innovative Industrial Properties, Inc. (NYSE:IIPR) reported a 10% YoY increase in total revenues to $77.8 million for Q3 2023. The company also reported net income of $41.3 million, up from $37.3 million in the prior year's period. Total expenses were around $34 million, up from $29.5 million in Q3 2022. The company paid a quarterly dividend of $1.80 per common share and declared dividends of $7.20 per common share for the twelve months ended Sept. 30, 2023. IIPR's shares traded 4.48% higher at $75.84 per share during the pre-market session on Thursday.

Portfolio Pulse from Jelena Martinovic

November 02, 2023 | 1:24 pm

CCOI

SBGI

TDS

The most accurate Wall Street analysts have given their ratings for three high-yielding dividend stocks in the communication services sector. These include Sinclair, Inc. (NASDAQ:SBGI) with a dividend yield of 9.43%, Cogent Communications Holdings, Inc. (NASDAQ:CCOI) with a dividend yield of 5.82%, and Telephone and Data Systems, Inc. (NYSE:TDS) with a dividend yield of 3.99%.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 12:54 pm

QCOM

Qualcomm Incorporated (NASDAQ:QCOM) reported better-than-expected Q4 results and issued strong Q1 guidance. The company reported Q4 revenue of $8.67 billion, beating the consensus estimate of $8.51 billion, and earnings per share of $2.02, beating the estimate of $1.91. The company's Q1 revenue guidance is $9.1 billion to $9.9 billion and earnings per share of $2.25 to $2.45. Qualcomm has a dividend yield of 2.89%, which is a quarterly dividend amount of 80 cents a share ($3.20 a year).

Portfolio Pulse from Lisa Levin

November 02, 2023 | 12:19 pm

CRAI

CRA International has lowered its revenue and profit guidance for FY23 due to uncertainties in the broader economy. The company now expects revenue in the range of $610.0 million to $620.0 million, down from the previous range of $625.0 million to $640.0 million. Despite this, the company has raised its quarterly cash dividend by 17%.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:14 pm

CRAI

Charles River Associates (NASDAQ:CRAI) has announced a 17% increase in its quarterly cash dividend from $0.36 to $0.42 per common share. The dividend will be paid on December 8, 2023, to shareholders of record as of November 28, 2023. The company plans to continue paying quarterly dividends, subject to the discretion of its Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:09 pm

NRG

NRG Energy has announced its 2024 capital allocation plan, which includes $500 million in debt reduction, $825 million in share repurchases, an 8% increase of the annual common dividend to $1.63 per share, and $342 million in growth and other. This is consistent with the company's 7-9% long-term growth target.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:22 am

COP

ConocoPhillips has announced a 14% increase in its quarterly ordinary dividend to $0.58 per share, payable on Dec. 1, 2023. The company also plans to pay its quarterly ordinary dividend and VROC concurrently from the first quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:07 am

CPG

Crescent Point has announced a regular quarterly cash dividend of CDN $0.10 per share to be paid on January 2, 2024, and a special cash dividend of CDN $0.02 per share to be paid on November 22, 2023. These dividends are part of the company's return of capital framework, which includes share repurchases.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:40 am