Streetbeat News

Dividends

Canadian Imperial Bank (NYSE:CM) has announced a quarterly dividend of 87 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 87 cents lower to reflect the payout. Shareholders who own CM as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on October 27, 2023.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 2:45 pm

TRTX

TPG RE Finance Trust (NYSE:TRTX) has announced a quarterly dividend of 24 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 24 cents lower. The dividend will be paid out to shareholders on October 25, 2023.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 2:45 pm

BCC

GSM

LXU

SILV

UAN

Benzinga Insights has identified five value stocks in the basic materials sector that may be worth watching: SilverCrest Metals (SILV), Ferroglobe (GSM), Boise Cascade (BCC), LSB Industries (LXU), and CVR Partners (UAN). The selection is based on low P/E multiples, indicating potential undervaluation. The report also provides updates on each company's recent earnings per share and dividend yield changes.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 2:39 pm

CRWD

NNN

NXPI

On CNBC's 'Halftime Report Final Trades', Jenny Harrington recommended NNN REIT, Inc. (NYSE:NNN) for its 6.1% dividend yield. Jim Lebenthal suggested NXP Semiconductors N.V. (NASDAQ:NXPI) as a bargain after recent pullbacks in the semiconductor sector. Josh Brown recommended CrowdStrike Holdings, Inc. (NASDAQ:CRWD) as his final trade. NNN REIT recently priced a public offering of $500 million of 5.600% senior unsecured notes due 2033. NXP reported Q2 earnings of $3.43 per share, beating the consensus estimate. CrowdStrike saw multiple analysts raise price targets after several announcements at Fal.Con 2023.

Portfolio Pulse from Priya Nigam

September 22, 2023 | 12:53 pm

MED

WBA

The most accurate Wall Street analysts have recommended holding three high-dividend yield stocks in the consumer staples sector: Altria Group, Walgreens Boots Alliance, and Medifast. Altria Group recently reported a slight miss on Q2 FY23 revenues, Walgreens announced its CEO will step down and expects FY23 adjusted EPS at the low end of its range, while Medifast posted better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 11:36 am

CSCO

SPLK

Cisco Systems Inc has announced plans to acquire Splunk Inc for $157 per share, a total equity value of about $28 billion. The acquisition is expected to be cash flow positive and accrue gross margin in the initial fiscal year post-close and be non-GAAP EPS accretive in the following year. The deal is expected to be finalized by Q3 2024. The article also discusses how investors can earn monthly dividends from Cisco's stock.

Portfolio Pulse from AJ Fabino

September 21, 2023 | 9:37 pm

SCVL

Shoe Carnival has announced a 20% increase in its quarterly cash dividend from $0.10 to $0.12 per share. The dividend will be paid on October 17, 2023, to shareholders of record as of the close of business on October 3, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:17 pm

TXN

Texas Instruments Incorporated (NASDAQ:TXN) announced a 5% increase in its quarterly cash dividend from $1.24 per share to $1.30, or $5.20 annualized. The higher dividend will be payable on November 14, 2023, to stockholders of record on October 31, 2023. This marks 20 consecutive years of dividend increases for the company.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:02 pm

QCOM

UMC

Qualcomm (NASDAQ:QCOM) is set to pay a dividend of $0.80 per share on September 21, 2023, with an annualized dividend yield of 2.60%. The company has shown a steady increase in its dividend per share from $2.48 in 2019 to $2.93 in 2022. Additionally, Qualcomm's earnings per share have also grown from $3.55 to $12.53 during the same period. The company's dividend yield is mid-range compared to its industry peers, with United Microelectronics (NYSE:UMC) having the highest annualized dividend yield at 8.41%.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 3:05 pm

RELX

RGP

Resources Connection (NASDAQ:RGP) is distributing a dividend payout of $0.14 per share, with an annualized dividend yield of 3.54%. The company has shown an upward trend in earnings from 2019 to 2022, with earnings per share rising from $0.98 to $2.39. It also surpasses RELX (NYSE:RELX) with an annualized dividend yield of 2.02%.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 3:05 pm