Streetbeat News

Dividends

EL

Estee Lauder Cos (NYSE:EL) has announced a quarterly dividend of 66 cents per share, payable on September 15, 2023. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:45 pm

APLE

Apple Hospitality REIT (NYSE:APLE) has announced a monthly dividend of 8 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 8 cents lower to reflect the payout. Shareholders who own APLE as of the end of Tuesday's session will be eligible for the dividend, which will be paid out on September 15, 2023.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:45 pm

PVL

Permianville Royalty (NYSE:PVL) has announced a monthly dividend of 0.9 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 15, 2023.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:45 pm

SLG

SL Green Realty (NYSE:SLG) has announced a monthly dividend of 27.08 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders who own SLG as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on September 15, 2023.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:45 pm

CALM

CHGG

DIT

SANW

STG

The article identifies five value stocks in the consumer defensive sector, namely S&W Seed (SANW), Sunlands Technology (STG), Cal-Maine Foods (CALM), Amcon Distributing (DIT), and Chegg (CHGG). The companies are considered undervalued based on their low price-to-earnings (P/E) multiples. The article also provides recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:40 pm

UI

Ubiquiti Inc (NYSE:UI) reported Q4 FY23 revenue growth of 10.8% Y/Y to $491.1 million, beating consensus estimates. The growth was led by the Enterprise Technology platform, offset by lower Service Provider Technology platform revenue. Gross profit rose to $203.3 million, with margin expanding to 41.4%. Adjusted EPS of $1.73 missed the consensus of $1.80. The company declared a dividend per share of $0.60 and intends to pay regular quarterly cash dividends of at least $0.60 per share during each quarter of FY24. UI shares are trading lower by 2.58% at $150.00 premarket.

Portfolio Pulse from Lekha Gupta

August 25, 2023 | 2:22 pm

HE

Hawaiian Electric (HE) shares are trading lower after Maui County filed a lawsuit against the company for its alleged role in the Lahaina wildfires. The company has also suspended its dividend.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 1:49 pm

CPG

Crescent Point Energy Corporation (NYSE:CPG) has agreed to sell its North Dakota assets for $500 million to a private operator, reportedly Kraken Resources, to accelerate its debt repayment. This has led to a reduction in its 2023 annual average production guidance and its development capital expenditures guidance for 2023. The company's net debt is expected to be less than C$2.2 billion by year-end, down from C$3 billion at the end of Q2.

Portfolio Pulse from Nabaparna Bhattacharya

August 25, 2023 | 1:30 pm

Pathward Financial

Pathward Financial has announced the authorization of a common stock share repurchase program of up to 7 million shares. Additionally, the company has declared a $0.05 cash dividend for Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 1:05 pm

CFG

CMA

KEY

Wall Street's most accurate analysts recommend three financial stocks with over 6% dividend yields: Comerica Incorporated (CMA), Citizens Financial Group, Inc. (CFG), and KeyCorp (KEY). CMA and KEY have recently had their ratings lowered by S&P, while CFG reported a slight miss on its Q2 FY23 sales growth.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 12:42 pm