Streetbeat News

Dividends

HLF

IMKTA

PRDO

SANW

STG

Benzinga Insights has identified five notable value stocks in the consumer defensive sector based on quantified analysis. These include Herbalife (HLF), Sunlands Technology (STG), Ingles Markets (IMKTA), Perdoceo Education (PRDO), and S&W Seed (SANW). The companies' recent earnings and dividend yields were also reported.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:40 pm

WFC

Wells Fargo CEO has announced plans to increase dividends and buyback shares, despite capital proposals. This indicates the bank's confidence in its financial stability and future growth.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:13 pm

SKT

Tanger Factory Outlet Centers Inc (SKT) has announced a 6.1% increase in its annual dividend from $0.98 to $1.04 per share. The company's Board also declared a quarterly cash dividend of $0.26 per share, payable on November 15, 2023. The company is set to report its Q3 FY23 earnings on November 6, 2023. As of June 30, 2023, the company held cash and equivalents of $233.8 million.

Portfolio Pulse from Shivani Kumaresan

October 13, 2023 | 2:05 pm

KFFB

Kentucky First Federal Bancorp (NASDAQ:KFFB) announced a quarterly cash dividend of $0.10 per share, payable on November 20, 2023. However, the company expects future dividends to be reduced due to a decline in the banks' earnings. The company is implementing strategies to emphasize core deposit relationships and shift more of the loan portfolio towards higher-earning loans. The board expects that if quarterly dividends continue in 2024, they will be limited to no more than five cents per share.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:52 pm

KMT

PAYX

UPS

The most accurate Wall Street analysts recommend holding three high-yielding industrial stocks: Paychex, Inc. (NASDAQ:PAYX), Kennametal Inc. (NYSE:KMT), and United Parcel Service, Inc. (NYSE:UPS). These companies have dividend yields of 3.002%, 3.31%, and 4.17% respectively. Recent news includes better-than-expected earnings for Paychex, an upcoming earnings call for Kennametal, and a new acquisition for UPS.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 1:30 pm

WBA

Walgreens Boots Alliance Inc (NASDAQ:WBA) reported weaker-than-expected earnings for its fourth quarter, with adjusted EPS decreasing 18% to $0.67, missing the consensus of $0.69. However, the company's quarterly sales increased 9.2% YoY to $35.4 billion, beating the consensus of $34.82 billion. The company also provided lower-than-expected guidance for fiscal year 2024. Despite the weak earnings, the company's dividend yield of 7.94% may attract investors seeking income.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 12:46 pm

SKT

Tanger Outlets (NYSE:SKT) has announced a 6.1% increase in its annualized dividend from $0.98 to $1.04 per share. The Board of Directors also declared a quarterly cash dividend of $0.26 per share, payable on November 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:07 pm

C

Citigroup has projected its FY23 revenue to be between $78B-$79B, excluding any impacts related to divestitures in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:03 pm

CEQP

Crestwood Equity Partners LP (CEQP) has declared a special cash distribution of $0.003 per common unit, payable on October 31, 2023 to unitholders of record at the close of business on October 23, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 9:10 pm

NWN

Northwest Natural Holding has announced an increase in its quarterly dividend from $0.4850 to $0.4875 per share. The dividend will be paid on November 15, 2023, to shareholders of record on October 31, 2023. The company's indicated annual dividend rate is $1.95 per share.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 9:03 pm