Streetbeat News

Dividends

WPC

W.P. Carey Inc's (WPC) shares are falling after several analysts lowered the price target on the company. This follows WPC's plan to exit office assets by spinning off 59 properties into Net Lease Office Properties (NLOP) and selling 87 retained properties. The spin-off is expected to close by November 2023 and the sale by January 2024. Analysts have expressed concerns about the timing and execution of the spin-off, expecting the new REIT to trade at a heavily discounted value and foreseeing a dividend reduction of 15%-20%.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 7:32 pm

FERG

Ferguson PLC (NYSE:FERG) reported a Q4 FY23 sales decline of 1.7% YoY to $7.8 billion, beating the consensus of $7.6 billion. Adjusted EPS was $2.77, above the consensus of $2.46. The company declared a quarterly dividend of $0.75, a 9% increase compared to a quarter of the prior year's total dividend. For FY24, Ferguson expects net sales to be broadly flat YoY and an adjusted operating margin between 9.2%-9.8%. The company's shares are trading higher by 4.29%.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2023 | 4:50 pm

FE

FirstEnergy has announced an increase in its common stock dividend from $0.39 to $0.41 per share, representing a 5% increase.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 4:20 pm

TFSL

TFS Financial (NASDAQ:TFSL) is set to distribute a dividend payout of $0.28 per share, resulting in an annualized dividend yield of 8.32%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $1.04 to $1.13. However, the company's earnings per share have decreased from $0.28 in 2019 to $0.27 in 2022, which may impact future dividend payouts.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 3:05 pm

GPMT

Granite Point Mortgage (NYSE:GPMT) 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 GPMT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 16, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:46 pm

PKBK

Parke Bancorp (NASDAQ:PKBK) 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 owning PKBK as of the end of Thursday's session are eligible for the dividend, which will be paid out on October 16, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:46 pm

KYN

Kayne Anderson Energy (NYSE:KYN) has announced a quarterly dividend of 21 cents per share. The ex-dividend date is Friday, meaning the stock will likely trade lower to reflect the payout. Shareholders owning KYN by the end of Thursday's session are eligible for the dividend, which will be paid out on October 23, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:46 pm

KMF

Kayne Anderson NextGen (NYSE:KMF) has announced a quarterly dividend of 16 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 16 cents lower. Shareholders who own KMF as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 23, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:45 pm

ISTR

Investar Holding (NASDAQ:ISTR) has announced a quarterly dividend of 10 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 10 cents lower. Shareholders who own ISTR as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:45 pm

GSBC

Great Southern Bancorp (NASDAQ:GSBC) has announced a quarterly dividend of 40 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 40 cents lower. Shareholders owning GSBC by the end of Thursday's session will be eligible for the dividend, which will be paid out on October 17, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:45 pm