Streetbeat News

Dividends

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

ADC

Agree Realty Corporation (NYSE:ADC) has announced an increase in its monthly cash dividend to $0.247 per common share, reflecting a 1.6% month-over-month growth and 2.9% year-over-year growth. The dividend is payable on November 14, 2023, to stockholders of record as of October 31, 2023. The company has also declared a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:39 pm

REPX

Riley Exploration Permian, Inc. (NYSE:REPX) has announced an increase in its quarterly cash dividend from $0.34 to $0.36 per share. The dividend will be payable on November 9, 2023 to stockholders of record as of the close of business on October 26, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:32 pm

EQT

EQT Corporation has announced a 5% increase in its quarterly cash dividend to $0.1575 per share, payable on December 1, 2023. This increase underscores the company's confidence in the sustainability of its business and its ability to achieve a free cash flow breakeven price among the lowest in North America.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:29 pm