Streetbeat News

Dividends

BEPC

ENIC

PAM

PEG

The article provides an overview of value stocks in the utilities sector, highlighting five companies: Brookfield Renewable, Enel Chile, Hawaiian Electric Indus, Public Service Enterprise, and Pampa Energia. The companies are considered undervalued based on their low P/E multiples. The article also provides Q2 earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:38 pm

RPM

RPM International Inc's shares are trading higher after the company reported better-than-expected Q1 FY24 results and issued guidance. Q1 sales grew 4.1% Y/Y to $2.01 billion, exceeding the consensus of $1.97 billion. Adjusted EBIT was up 12.3% Y/Y to $309.0 million, aided by higher sales and MAP 2025 benefits. The company returned $66.6 million to stockholders through cash dividends and share repurchases. For FY24, the company reiterated the outlook for sales to increase in the mid-single-digit percentage range and adjusted EBIT to grow in the low-double-digit to mid-teen percentage range.

Portfolio Pulse from Lekha Gupta

October 04, 2023 | 1:55 pm

MKC

McCormick & Company reported weaker-than-expected sales for Q3 FY23, with a 6% YoY growth to $1.684 billion, missing the analyst consensus estimate of $1.70 billion. The company reaffirmed its FY23 revenue growth guidance of 5%-7% and raised its FY23 adjusted EPS outlook to $2.62-$2.67. McCormick offers an annual dividend yield of 2.28%, which is a quarterly dividend amount of 39 cents per share. To earn $500 per month from dividends, an investment of approximately $263,066 or around 3,846 shares is needed.

Portfolio Pulse from Priya Nigam

October 04, 2023 | 12:43 pm

AGR

ALE

The most accurate Wall Street analysts recommend holding three high-yielding utility stocks: Dominion Energy, Inc. (D), Avangrid, Inc. (AGR), and ALLETE, Inc. (ALE). These stocks have dividend yields of 6.29%, 6.13%, and 5.31% respectively. Recent news for these companies includes Dominion Energy's Q2 FY23 revenue growth of 5.5%, Avangrid's landmark transfer agreement for an estimated $100 million of 2023 production tax credits, and ALLETE's better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 11:31 am

BP PLC is reportedly planning to sell a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, aiming to raise about $1 billion. The move is part of BP's strategy to lower debt and maintain its dividend. The pipeline's entity reportedly generates a 12-month EBITDA of about $200 million. BP's shares are trading lower by 0.66% at $37.35 premarket.

Portfolio Pulse from Lekha Gupta

October 04, 2023 | 9:57 am

NVS

SDZNY

Novartis has completed the spin-off of its generics and biosimilars business, Sandoz. The spin-off was executed through a dividend-in-kind distribution to Novartis shareholders and ADR holders. Sandoz ADRs will trade under the symbol 'SDZNY'.

Portfolio Pulse from Charles Gross

October 04, 2023 | 8:46 am

BDN

BXP

CUZ

MPW

SBAC

SLG

VNO

Shares of REITs are trading lower due to a rise in Treasury yields, which could lead to a rotation out of dividend-paying stocks.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 7:06 pm

MDC

PHM

PulteGroup (NYSE:PHM) is set to reward its shareholders with a dividend payout of $0.16 per share, demonstrating an annualized dividend yield of 0.82%. The company has shown an upward trend in earnings and dividends per share from 2019 to 2022. However, its dividend yield is lower compared to its industry peer, M.D.C. Holdings (NYSE:MDC), which has a higher annualized dividend yield of 5.00%.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 3:05 pm

AAPL

AMZN

GOOG

META

MSFT

NEE

NEP

NVDA

QQQ

SPY

TSLA

The article discusses three common mistakes investors make in the stock market, using Nextera Energy Partners LP (NEP) and NextEra Energy Inc (NEE) as examples. Both stocks have been aggressively promoted to investors, particularly those chasing dividends, and have seen significant drops in their stock prices due to rising interest rates and lowered dividend growth rates. The article also mentions early trade money flows, with positive flows in NVIDIA Corp (NVDA) and negative flows in Apple Inc (AAPL), Amazon.com, Inc. (AMZN), Alphabet Inc Class C (GOOG), Meta Platforms Inc (META), Microsoft Corp (MSFT), and Tesla Inc (TSLA). Mixed flows are reported for SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).

Portfolio Pulse from The Arora Report

October 03, 2023 | 2:59 pm

LOAN

Manhattan Bridge Capital (NASDAQ:LOAN) has announced a quarterly dividend of 11.25 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 11.25 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 16, 2023.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:45 pm