Streetbeat News

Dividends

CAG

ConAgra Brands Inc (NYSE:CAG) reported better-than-expected earnings for its first quarter, with sales of $2.90 billion and adjusted EPS of $0.66. The company reaffirmed FY24 organic net sales growth of 1% and adjusted EPS of $2.70-$2.75. ConAgra offers an annual dividend yield of 5.38%, which is a quarterly dividend amount of 35 cents per share. To earn $500 per month from dividends alone, an investment of approximately $111,436 or around 4,286 shares would be needed.

Portfolio Pulse from Priya Nigam

October 06, 2023 | 1:04 pm

CRWD

FTV

PXD

XOM

On CNBC's 'Halftime Report Final Trades', ExxonMobil Corporation was mentioned for its 3.2% dividend yield and share buyback. ExxonMobil is reportedly acquiring Pioneer Natural Resources Co. for approximately $60 billion. Fortive Corporation was named by Karen Firestone of Aureus Asset Management, highlighting its Q2 sales growth of 4.3% YoY. Joshua Brown of Ritholtz Wealth Management picked CrowdStrike Holdings, Inc., which recently launched cybersecurity's first zero-code application development platform.

Portfolio Pulse from Priya Nigam

October 06, 2023 | 12:55 pm

APOG

Apogee Enterprises Inc (NASDAQ:APOG) has increased its existing share repurchase authorization by 2 million shares, bringing the total available share repurchase program to approximately 2.97 million shares. The company's Board of Directors has also declared a quarterly cash dividend of $0.24 per share, payable on November 8, 2023. The company held $18.42 million in cash and equivalents as of August 26, 2023.

Portfolio Pulse from Shivani Kumaresan

October 06, 2023 | 12:46 pm

BLMN

DKS

NWL

Three consumer stocks with over 3% dividend yields have been recommended by Wall Street's most accurate analysts. These include Newell Brands Inc. (NWL), DICK'S Sporting Goods, Inc. (DKS), and Bloomin' Brands, Inc. (BLMN). Recent news for these companies include a charge against Newell Brands by the SEC for misleading investors, Dick's Sporting Goods' plan to hire 8,600 seasonal workers for the holiday season, and Bloomin' Brands' Q2 sales growth of 2.4% YoY.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:31 pm

APOG

Apogee Enterprises, Inc. (NASDAQ:APOG) has announced a quarterly cash dividend of $0.24 per share, payable on November 8, 2023. The company's Board has also increased the existing share repurchase authorization by 2 million shares, bringing the total to approximately 2.97 million shares.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 10:35 am

PepsiCo, Inc. (NYSE:KO) shares are trading lower by 5.03% due to a decrease in shopping demand as a result of the use of appetite-suppressing medications and overall market weakness. The rise in Treasury yields and the potential shift of investors from dividend-yielding stocks to fixed-income investments like bonds due to increasing interest rates could further exert downward pressure on Pepsi's stock price.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 7:58 pm

Soft drink stocks are trading lower possibly due to comments from Walmart indicating that weight-loss drugs are affecting food sales. Rising yields could also negatively impact dividend stocks like Coca-Cola.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:48 pm

RPM

RPM International has announced an increase in its quarterly dividend from $0.42 per share to $0.46 per share.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:32 pm

ARE

BMY

GOOGL

LLY

MRNA

Alexandria Real Estate Equities Inc. (ARE) is a REIT with a portfolio of 850 tenants in 430 properties devoted to life science, agtech and advanced technology companies. Despite the trend of tech workers leaving California, ARE maintains high occupancy rates. Its largest tenants include Bristol-Myers Squibb Co. (BMY), Moderna Inc. (MRNA), Eli Lilly and Co. (LLY), and Alphabet Inc. (GOOGL). ARE recently declared a $1.24 per share quarterly dividend. Despite disappointing full-year 2023 FFO estimates, analysts from Wedbush and Evercore ISI Group maintain an Outperform rating on ARE.

Portfolio Pulse from Ethan Roberts

October 05, 2023 | 3:19 pm

AMAL

MAIN

PFIS

SFBC

WAFD

Benzinga Insights has identified five value stocks in the financial services sector based on quantified analysis. These include Main Street Capital (P/E: 8.94), WaFd (P/E: 6.18), Peoples Financial Servs (P/E: 7.96), Sound Financial Bancorp (P/E: 9.16), and Amalgamated Financial (P/E: 5.71). The report also provides recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:50 pm