Streetbeat News

Dividends

HNI

MMM

SWK

The article discusses three high-yielding dividend stocks in the industrials sector, as per Wall Street's most accurate analysts. The stocks are 3M Company (MMM), HNI Corporation (HNI), and Stanley Black & Decker, Inc. (SWK). Recent news for each company includes a $5.5 billion settlement for 3M, a Q2 net loss for HNI, and a narrower-than-expected Q2 loss for Stanley Black & Decker.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:58 pm

GOGL

Golden Ocean Group Ltd (NASDAQ:GOGL) reported Q2 FY23 revenue of $213.38 million, exceeding consensus of $148.97 million. The company's operating expenses were $169.8 million, and net operating income declined to $43.6 million from $155.8 million in the prior year quarter. Adjusted EPS of $0.17 was better than the consensus of $0.12. The company announced a cash dividend of $0.10 per share for Q2 and repurchased shares worth $6.9 million in the quarter. GOGL shares are trading higher by 4.06% at $7.18 premarket on the last check Tuesday.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 12:41 pm

CWCO

Consolidated Water Co. Ltd. (CWCO) has increased its quarterly cash dividend by 11.8% to $0.095 per share for Q4 2023, payable on October 31, 2023. The company's strong growth across all business segments has resulted in increased profitability and cash flow. CWCO also reported a 110% increase in Q2 2023 revenue to $44.2 million, driving an increase in EPS to $0.47.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:33 pm

ANDE

BMY

COIN

SLB

Insider sales were reported at Bristol-Myers Squibb (BMY), Schlumberger (SLB), Coinbase Global (COIN), and The Andersons (ANDE). These sales could indicate concerns about the companies' prospects or overpricing of the stocks. BMY's Reblozyl was approved by the FDA for initial anemia treatment. SLB secured a five-year contract from Petrobras. COIN acquired an equity stake in Circle, the co-founder of the USD Coin. ANDE announced a Q4 2023 cash dividend.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:32 pm

MMM

3M Company (NYSE:MMM) has reached a settlement of $6.0 billion for the Combat Arms Earplug lawsuits, to be paid from 2023 to 2029. The company offers an annual dividend yield of 5.76%, which is $1.50 a share quarterly. To earn $500 monthly from 3M dividends, an investor would need to own approximately $104,120 worth of 3M, or 1,000 shares. The dividend yield can change as the dividend payment and the stock price fluctuate over time.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:19 pm

LFVN

LifeVantage Corporation has declared a special one-time cash dividend of $0.40 per share of common stock. The dividend will be paid on September 22, 2023, to all stockholders of record at the close of business on September 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 8:13 pm

RITM

The Vanguard Group has profited from its stake in Rithm Capital Corp (NYSE:RITM), netting $11.56 million from the company's 25-cent dividend payment in Q2. RITM's 10.11% dividend yield presents an opportunity for retail investors to generate monthly income. To earn $500 per month from RITM's dividends, an investment of approximately $59,405 would be required.

Portfolio Pulse from AJ Fabino

August 28, 2023 | 7:23 pm

NAT

Nordic American Tankers Ltd (NYSE:NAT) reported Q2 FY23 revenue of $67.80 million, missing the consensus of $68.32 million. EPS improved to $0.13, missing the consensus of $0.14. The company declared a dividend per share of $0.13. NAT shares are trading lower by 0.37% at $4.08.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 4:16 pm

SWK

TKR

Timken (NYSE:TKR) will issue a dividend payout of $0.33 per share, resulting in an annualized dividend yield of 1.41%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.12 to $1.23. Timken's earnings per share also increased from $4.76 to $5.58 during the same period. Stanley Black & Decker (NYSE:SWK) has the highest annualized dividend yield at 3.63% among Timken's industry peers.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 3:05 pm

FNF

KMPR

Kemper (NYSE:KMPR) is set to pay a dividend of $0.31 per share on August 28, 2023, with an annualized dividend yield of 2.45%. The company has seen a growth in its dividend per share from $1.03 to $1.24 from 2019 to 2022. However, Kemper's earnings per share have declined from $5.80 in 2019 to $-4.09 in 2022, raising concerns for income-seeking investors.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 3:05 pm