Streetbeat News

Dividends

PBT

Permian Basin Royalty (NYSE:PBT) has announced a monthly dividend of 2.17 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own PBT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 14, 2023.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 2:45 pm

SJT

San Juan Basin Royalty (NYSE:SJT) has announced a monthly dividend of 1.02 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own SJT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 14, 2023.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 2:45 pm

DDS

GTIM

MTH

VIRC

Benzinga Insights has identified Good Times Restaurants (GTIM), Virco Mfg (VIRC), Meritage Homes (MTH), Dillard's (DDS), and Macy's (M) as notable value stocks in the consumer cyclical sector. The selection is based on low P/E multiples, indicating potential undervaluation. However, these companies have shown mixed performance in terms of earnings per share and dividend yield in recent quarters.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 2:43 pm

CSIQ

IMMR

UMC

VECO

VSH

The article discusses value stocks in the technology sector, highlighting Canadian Solar (CSIQ), United Microelectronics (UMC), Veeco Instruments (VECO), Vishay Intertechnology (VSH), and Immersion (IMMR). These companies have low P/E multiples, indicating potential undervaluation. However, recent earnings per share and dividend yield changes vary among these companies.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 2:41 pm

PCAR

PACCAR Inc. reported a 24.4% YoY increase in Q2 FY23 sales to $8.44 billion, beating the consensus of $8.23 billion. The company's Financial Services revenues rose 18.1% to $439.8 million. Global truck deliveries increased to 51,900 units from 46,900 units in the year-ago period. The company also announced an 8% increase in the regular quarterly cash dividend from $0.25 to $0.27 per share. Despite the positive report, PCAR shares are trading lower by 4.6%.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 2:10 pm

ETRN

KMI

SFL

Three energy stocks with high dividend yields have been highlighted by Wall Street's most accurate analysts. Equitrans Midstream Corporation (ETRN) has a dividend yield of 6.38%, SFL Corporation Ltd. (SFL) has a yield of 10.28%, and Kinder Morgan, Inc. (KMI) has a yield of 6.35%. Recent news for these companies includes better-than-expected Q1 results for ETRN, a net profit of $6.3 million for SFL in Q1, and downbeat sales for KMI in Q2.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 1:01 pm

ARCC

Ares Capital Corp (NASDAQ:ARCC) reported Q2 2023 revenues of $634 million, beating the consensus of $622.05 million. Interest income from investments rose to $476 million from $319 million a year ago. Adjusted EPS of $0.58 surpassed the street estimate of $0.57. The company made new investment commitments of around $1.2 billion. The company's board of directors authorized an amendment to its share repurchase program, boosting the total authorized amount to $1.0 billion from $500 million. Ares Capital has declared a third quarter 2023 dividend of $0.48 per share.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 12:37 pm

NEE

NextEra Energy has reaffirmed its adjusted EPS outlook for FY23 and FY24, with ranges of $2.98 to $3.13 and $3.23 to $3.43 respectively. The company also expects to grow 6% to 8% off the 2024 adjusted EPS range for 2025 and 2026. Additionally, NextEra plans to grow its dividends per share at a roughly 10% rate per year through at least 2024.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:37 am

IRDM

Iridium Communications has reaffirmed its FY23 guidance, expecting total service revenue growth between 9% and 11% for full-year 2023, OEBITDA between $455 million and $465 million, negligible cash taxes, and net leverage of between 2.5 and 3.5 times OEBITDA. This assumes the completion of the company's total $600.0 million share repurchase authorization and the payment of four quarters of dividends.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:08 am

PEBO

Peoples Bancorp has declared a quarterly cash dividend of $0.39 per common share, payable on August 21, 2023. The dividend represents a payout of approximately $13.8 million.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:11 am