Streetbeat News

Dividends

SLF

Sun Life Financial has been upgraded from a hold to a buy rating due to its 4% dividend yield, sustainable dividend growth, undervaluation compared to peers, and strong Q3 results. The company shows potential for further top-line growth and maintains a low-risk profile with 'A'-level credit ratings.

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November 11, 2024 | 6:15 am

TRTX

TPG RE Finance Trust's preferred shares are trading at a discount and offer an 8% yield. The company has increased its loan investment portfolio and has strong liquidity to cover preferred dividends.

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November 11, 2024 | 3:45 am

GMRE

Global Medical REIT's Q3-2024 results indicate flat rental revenue and AFFO. The bankruptcy of Steward Health Care resulted in a new lease with CHRISTUS Health. Concerns are raised about the sustainability of the high dividend yield, with a $10.00 price ceiling suggested.

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November 11, 2024 | 3:00 am

TRGP

Targa Resources cut its dividend in 2020 to accelerate debt repayment, aligning with its aggressive growth strategy. While midstream earnings are safeguarded by 'take-or-pay' contracts, growth may slow during cyclical downturns in upstream businesses, potentially impacting stock performance.

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November 11, 2024 | 3:00 am

MXGFF

Maxim Power is transitioning to a 300 MW CCGT plant with a $300 million investment, positioning it for strong future cash flow. The company is undervalued, trading at about 50% of its replacement cost, with a clean balance sheet and minimal debt. Management's significant ownership and recent dividend announcement highlight a commitment to shareholder value.

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November 11, 2024 | 1:30 am

WMT

The article discusses the current sentiment around Walmart, with some voices recommending selling the stock. Despite a potentially stretched valuation and possible short-term volatility, Walmart's strong free cash flow supports dividends and stock repurchases, benefiting long-term investors.

Portfolio Pulse from

November 10, 2024 | 11:30 pm

PM

The article highlights a dividend growth stock that is outperforming the S&P 500 by making strategic moves and outpacing its competition.

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November 10, 2024 | 11:30 pm

QRTEA

Qurate Retail's 8.0% Series A Cumulative Preferred Stock is being recommended as a strong buy due to its 60% discount to liquidation value and 20% yield on cost. The discount is expected to close with Qurate's deleveraging, free cash flow improvements, and potential Fed rate cuts.

Portfolio Pulse from

November 10, 2024 | 8:30 pm

VZ

Verizon, a veteran telecom giant, is known for its large dividend. However, an impending acquisition may complicate its investment appeal.

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November 10, 2024 | 8:15 pm

MSDL

Morgan Stanley Direct Lending (MSDL) offers a 7.4% dividend yield, supported by net investment income. The portfolio is diversified across 200 companies, focusing on floating rate, senior secured first lien investments, with a low non-accrual rate of 0.2%.

Portfolio Pulse from

November 10, 2024 | 6:00 pm