Streetbeat News

Dividends

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

ESLT

Elbit Systems (NASDAQ:ESLT) has announced a quarterly dividend of 50 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 50 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 23, 2023.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:45 pm

AMRK

A-Mark Precious Metals (NASDAQ:AMRK) has announced a quarterly dividend of 20 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 20 cents lower. Shareholders who own AMRK as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 24, 2023.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:45 pm

IVR

Invesco Mortgage Capital (NYSE:IVR) has announced a quarterly dividend of 40 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 40 cents lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on October 27, 2023.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:45 pm

NEWT

NewtekOne (NASDAQ:NEWT) has announced a quarterly dividend of 18 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 18 cents lower to reflect the payout. Shareholders who own NEWT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 20, 2023.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:45 pm