Streetbeat News

Dividends

ADC

CUBE

NTST

The article highlights three high-dividend-yielding real estate stocks recommended by top analysts: Agree Realty Corporation (ADC), CubeSmart (CUBE), and NETSTREIT Corp. (NTST). Analysts have provided ratings and price targets for these stocks, and recent news events are also mentioned.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 11:26 am

AULT

Ault Alliance, Inc. (NYSE:AULT) announced a new preferred stock dividend tied to profits from its AI data center and Bitcoin mining operations. Stockholders will receive one share of the new preferred stock for each share of common stock owned. The dividend amount will be determined by the Board and could range from 0.25% to 25% of the face value of the preferred stock, which is $1 per share. The company will seek stockholder approval to increase the number of authorized preferred shares and aims to have the new preferred stock trade on a national exchange.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:31 am

DCI

Donaldson Company has announced an increase in its quarterly dividend from $0.25 to $0.27 per share.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:40 pm

FMCX

LOW

RTH

Lowe's Companies, Inc. (NYSE:LOW) shares are trading slightly higher after the company announced a 5% increase in its quarterly dividend to $1.15 per share. The dividend is payable on August 7 to shareholders of record as of July 24. This follows better-than-expected first-quarter FY24 earnings and a sales decline of 4.4% year-on-year to $21.364 billion. Lowe's also repurchased 3.0 million shares for $743 million and paid $633 million in dividends in the quarter. The company expects FY24 revenue of $84 billion-$85 billion and EPS of $12.00-$12.30. Investors can gain exposure to Lowe's via Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF (NYSE:FMCX) and VanEck Retail ETF (NASDAQ:RTH).

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 4:52 pm

CUBE

UMH

The article highlights two REITs, CubeSmart (NYSE:CUBE) and UMH Properties (NYSE:UMH), which offer attractive dividend yields and have a track record of dividend growth. CubeSmart has a yield of about 4.9% and has increased its dividend for 14 consecutive years. UMH Properties has a yield of about 5.7% and has raised its dividend for three consecutive years.

Portfolio Pulse from Joey Solitro

May 31, 2024 | 1:57 pm

DOOO

BRP Inc. (NASDAQ:DOOO) shares fell over 3% in premarket trading after the company cut its FY25 guidance. Despite beating Q1 earnings and revenue estimates, the company faces challenges such as lower product volumes, dealer profitability pressures, and a competitive landscape. BRP adjusted its production to manage inventory levels and expects a significant drop in Q2 EBITDA.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 1:30 pm

CC

HUN

SON

Wall Street's most accurate analysts have provided their views on three high-yielding materials stocks: Sonoco Products Company (SON), Huntsman Corporation (HUN), and The Chemours Company (CC). These stocks offer dividend yields over 3% and have received mixed ratings and price target adjustments from top analysts.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 1:26 pm

LOW

Lowe's Companies has announced an increase in its quarterly dividend from $1.10 to $1.15.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:03 pm

PFE

Pfizer Inc. (NYSE:PFE) has seen a 10% increase in its stock price over the past month. The company recently launched a cost reduction initiative aimed at saving $1.5 billion by 2027, building on a previous $4 billion plan. Pfizer reported better-than-expected Q1 financial results with an adjusted EPS of 82 cents, beating the consensus of 54 cents. The company offers a dividend yield of 5.96%, translating to a quarterly dividend of 42 cents per share. Investors would need to own approximately $100,702 worth of Pfizer stock to generate a monthly dividend income of $500.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 12:23 pm

NTAP

NetApp has announced an increase in its quarterly dividend from $0.50 to $0.52 per share.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:09 pm