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Dividends

CPE

FRO

PBF

PXS

SDRL

Benzinga Insights has identified several value stocks in the energy sector that may be worth watching, including Pyxis Tankers (PXS), Seadrill (SDRL), PBF Energy (PBF), Frontline (FRO), and Callon Petroleum (CPE). These companies have shown changes in their earnings per share and dividend yields in the recent quarter. However, the risk of investing in a value stock is that the emergence from its undervalued position may never materialize.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:39 pm

LVS

Las Vegas Sands (NYSE:LVS) reported strong 3Q earnings, beating analyst estimates with a revenue of $2.8B, almost 3x last year's level. Adjusted property EBITDA of $1.12B was above last quarter's $973MM and significantly higher than last year's $191MM. The company's focus on the high-margin premium mass market has paid off, with property-level EBITDA margins of 40.1%. The company has also increased its stock buyback authorization to $2B and re-initiated the dividend at $.20/quarter. The strong results and increased capital return to shareholders are expected to be positively received by the market.

Portfolio Pulse from Gary Brode

October 19, 2023 | 2:20 pm

PM

Philip Morris International Inc (NYSE:PM) reported Q3 FY23 sales growth of 13.8% year-on-year to $9.14 billion, slightly missing the analyst consensus estimate of $9.17 billion. Cigarette and Heated Tobacco unit (HTU) shipment volume grew by 2.2% Y/Y, with Marlboro cigarette shipment volume decreasing by 1.6%. Revenue from smoke-free products increased 35.6% Y/Y to $3.3 billion. The company increased its regular quarterly dividend by 2.4% to $1.30 per share. PM shares are trading lower by 2.16% at $91.20.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 1:49 pm

AEE

NEE

SRE

The most accurate Wall Street analysts recommend buying three high-yielding utility stocks: Ameren Corporation (AEE), Sempra (SRE), and NextEra Energy, Inc. (NEE). These stocks have dividend yields of 3.21%, 3.38%, and 3.51% respectively. Recent news for these companies include Ameren's better-than-expected Q2 results, Sempra Infrastructure's new president appointment, and NextEra Energy's deal to sell Florida City Gas for $923 million.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 12:46 pm

PG

Procter & Gamble Co (NYSE:PG) reported better-than-expected earnings for its third quarter with a sales growth of 6.1% Y/Y to $21.87 billion, beating the consensus of $21.67 billion. The company has a dividend yield of 2.51%, which is a quarterly dividend amount of $0.94 a share ($3.76 a year). To earn $500 monthly from Procter & Gamble dividends, an investor would need to own approximately $239,148 worth of Procter & Gamble, or 6,000 shares.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 12:45 pm

CASS

Cass Information Systems has approved an increase in its quarterly dividend to $0.30 per share. The new dividend will be payable on December 15, 2023, to shareholders of record on December 5, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:42 pm

BX

Blackstone Inc's (BX) shares are down by 4% following the release of its Q3 FY23 results. The company reported segment revenues of $2.32 billion, a 10% Y/Y decrease, and below the consensus of $2.51 billion. Distributable earnings fell 12% Y/Y to $1.21 billion, and fee-related earnings fell by 5% Y/Y to $1.12 billion. The company declared a quarterly dividend per share of $0.80 and repurchased 1.3 million shares in Q3. Despite the challenging market, Blackstone managed to raise over $25 billion of capital.

Portfolio Pulse from Lekha Gupta

October 19, 2023 | 12:35 pm

WES

Western Midstream Partners' board has declared a quarterly cash distribution of $0.5750 per unit for Q3 2023, which is a 2.2% increase from Q2 2023 base distribution of $0.5625.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:14 am

MKTW

MarketWise has announced a special dividend of $0.15 per share to Class A common stock shareholders, totaling approximately $50 million. The dividend will be paid on December 1, 2023. The company also declared a regular dividend of $0.01 per share, totaling approximately $2.9 million, to be paid on January 25, 2024. As of June 30, 2023, the company had a cash balance of $187.0 million.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:04 am

MTX

Minerals Technologies (MTX) has announced an increase in its regular quarterly dividend from $0.05 to $0.10 per share, payable on December 7, 2023, to stockholders of record at the close of business on November 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 9:10 pm