Streetbeat News

Dividends

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

WASH

Washington Trust Bancorp (NASDAQ:WASH) has announced a quarterly dividend of 56 cents per share. The stock will go ex-dividend on Friday, 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 October 12, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:45 pm

WMC

Western Asset Mortgage (NYSE:WMC) has announced a quarterly dividend of 35 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 35 cents lower. Shareholders who own WMC as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 26, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:45 pm

INDB

Independent Bank (NASDAQ:INDB) has announced a quarterly dividend of 55 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 55 cents lower to reflect the payout. Shareholders owning INDB as of the end of Thursday's session are eligible for the dividend, which will be paid out on October 06, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:45 pm

WKC

World Kinect (NYSE:WKC) has announced a quarterly dividend of 14 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 14 cents lower to reflect the payout. Shareholders who own WKC 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 | 2:45 pm

CAAS

FLXS

GPI

KBH

PENN

The article lists five value stocks in the consumer cyclical sector, including Flexsteel Industries (FLXS), China Automotive Systems (CAAS), PENN Entertainment (PENN), Group 1 Automotive (GPI), and KB Home (KBH). The companies' P/E ratios and recent earnings per share are provided, along with changes in their dividend yields. The article notes that value stocks may take time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:43 pm

SNX

TD Synnex Corp reported a Q3 FY23 revenue decline of 9.1% Y/Y to $13.96 billion, missing the consensus of $14.11 billion. The company returned $103 million of share repurchases and $33 million of dividends to shareholders in Q3. The company expects Q4 revenue of $14.0 billion-$15.0 billion, adjusted EPS of $2.40-$2.90. SNX shares are trading lower by 5.02% at $96.79.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 2:28 pm

THO

Thor Industries (NYSE:THO) reported better-than-expected Q4 sales of $2.74 billion, beating expectations of $2.42 billion. The company's earnings per share were $1.68, down from $5.15 in the prior-year period. Thor Industries forecasts FY24 consolidated net sales of $10.5 billion to $11.0 billion and earnings of $6.25 to $7.25 per share. The company offers an annual dividend yield of 1.90%, which is a quarterly dividend amount of $0.45 a share ($1.80 a year).

Portfolio Pulse from Priya Nigam

September 26, 2023 | 12:07 pm

IVR

LADR

STWD

Three high-yielding dividend stocks in the financial sector have been highlighted by Wall Street's most accurate analysts. These include Invesco Mortgage Capital Inc. (IVR) with a dividend yield of 15.72%, Starwood Property Trust, Inc. (STWD) with a yield of 9.65%, and Ladder Capital Corp (LADR) with a yield of 8.70%. All three companies recently posted better-than-expected quarterly results.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 11:48 am

CVX

Chevron Corp (NYSE:CVX) plans to increase its Venezuelan oil output by 65,000 barrels per day (bpd) by the end of 2024, which could help Venezuela boost crude production and speed up Chevron's plan to recover $3 billion in unpaid dividends and debt. Chevron's joint ventures with Venezuelan state oil company PDVSA currently produce around 135,000 bpd and have exported an average 124,000 bpd to the U.S. this year. The company's production target of 200,000 bpd by the end of next year could help Venezuela surpass 1 million bpd.

Portfolio Pulse from Shivani Kumaresan

September 25, 2023 | 5:51 pm