Streetbeat News

Dividends

DTM

ETRN

KMI

The most accurate Wall Street analysts have recommended holding three high-dividend yield energy stocks: Kinder Morgan, Inc. (KMI), Equitrans Midstream Corporation (ETRN), and DT Midstream, Inc. (DTM). These stocks have dividend yields of 6.55%, 6.19%, and 5.31% respectively. Recent earnings reports for all three companies were either in-line or better than expected.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 12:03 pm

NTES

NetEase's board of directors has approved a Q2 2023 dividend of $0.5250 per ADS, up from $0.4650 per ADS in Q1 2023. The dividend will be payable to holders of ordinary shares and ADSs as of the close of business on September 8, 2023. The payment date is expected to be September 19, 2023 for holders of ordinary shares, and on or around September 22, 2023 for holders of ADSs.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:41 am

AFG

American Financial Group, Inc. (NYSE:AFG) has announced an increase in its regular annual dividend from $2.52 to $2.84 per share of common stock, a 12.7% increase. The new dividend will be paid on a quarterly basis of $0.71 per share starting from October 2023. The company has increased its dividend for the last eighteen years, with a ten-year compound annual growth rate of 12.4%.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:48 pm

DLX

Sunshine Research has released a short report on Deluxe Corporation (DLX US), highlighting the company's aggressive accounting practices and the likelihood of a dividend cut in the coming quarters. The report points out that despite attempts to diversify, Deluxe's check printing business, which is in structural decline, still accounts for over 50% of its profitability. The report also suggests that Deluxe's quality of earnings has deteriorated significantly in recent years, indicating growing business pressures. The report concludes that Deluxe may be forced to cut their dividend in the coming quarters due to declining cash generation and higher interest rates.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 3:08 pm

ATLO

CBAN

Colony Bankcorp (NASDAQ:CBAN) is distributing a dividend of $0.11 per share, resulting in an annualized dividend yield of 4.26%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $0.30 to $0.43. However, the company's earnings per share decreased from $1.40 to $1.37 during the same period. The company's dividend yield is mid-range compared to its industry peers, with Ames National (NASDAQ:ATLO) having the highest annualized dividend yield at 6.03%.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:05 pm

NFBK

WASH

Northfield Bancorp (NASDAQ:NFBK) is set to deliver a dividend payout of $0.13 per share, equating to an annualized dividend yield of 4.29%. The company's dividend yield falls in the middle range when compared to its industry peers, with Washington Trust Bancorp (NASDAQ:WASH) having the highest annualized dividend yield at 8.16%. Northfield Bancorp has shown an upward trajectory in its dividend per share and earnings per share from 2019 to 2022, indicating a strong financial position.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:05 pm

WELL

Welltower (NYSE:WELL) has issued a dividend payout of $0.61 per share, resulting in an annualized dividend yield of 3.01%. However, the company has seen a decrease in its dividend per share from $3.48 in 2019 to $2.44 in 2022, and a decrease in earnings per share from $4.13 in 2019 to $3.35 in 2022. This could indicate a challenging financial situation for the company.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:05 pm

JRSH

SGC

Jerash Holdings (US) (NASDAQ:JRSH) is set to distribute a dividend payout of $0.05 per share on August 23, 2023, equating to an annualized dividend yield of 5.19%. The company has maintained a consistent dividend per share of $0.20 from 2019 to 2022. However, the company's earnings per share decreased from $0.52 to $0.40 during the same period, raising concerns about its financial stability and ability to sustain dividend payouts.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:05 pm

CLPR

Clipper Realty (NYSE:CLPR) is set to distribute a dividend of $0.10 per share on August 23, 2023, with an annualized dividend yield of 5.78%. The company has maintained a steady dividend per share of $0.38 from 2019 to 2022. However, the company's earnings per share have declined from $0.50 in 2019 to $0.44 in 2022, which could impact future cash dividend payouts.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:05 pm

KEY

KeyCorp (NYSE:KEY) has announced a quarterly dividend of 20.5 cents per share, payable on September 15, 2023. The stock will go ex-dividend on Monday, 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 23, 2023 | 2:45 pm