Streetbeat News

Dividends

JNJ

KVUE

Johnson & Johnson's (JNJ) recent $35 billion exchange offer for Kenvue Inc (KVUE) saw high participation, with 30% of JNJ's outstanding stock being tendered. However, only 23.8% of JNJ shares will be accepted for exchange for KVUE's stock. The article also discusses potential yields from holding onto JNJ, given its reputation in the market.

Portfolio Pulse from AJ Fabino

August 21, 2023 | 6:17 pm

CABO

Cable One has increased its quarterly dividend and appointed P. Robert Bartolo to the board of directors, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:47 pm

AMZN

DIS

KHC

META

MPW

ODFL

SCU

TSLA

WMT

Meta Platforms is preparing to launch a desktop version of Threads to compete with Elon Musk's X. Amazon has restarted its external shipping service, challenging FedEx and UPS. High-profile investors have presented a competing bid for Sculptor Capital Management. Kraft Heinz plans to offer Lunchables to school cafeterias. Medical Properties Trust's deal with Prospect Medical Holdings is on hold. Tesla has suffered a data breach affecting over 75,000 people. Old Dominion Freight Line has offered $1.5 billion to acquire Yellow Corp's terminals. General Motors' Cruise is under investigation after a collision. DuPont is in talks to sell its Delrin resins unit. Disney is in a legal battle with Florida Governor Ron DeSantis. Goldman Sachs faces potential lawsuits over the 1MDB scandal. Citigroup is considering splitting its largest division. Walmart and Centric Brands are examining their Cambodian supply chains. US Steel denies union veto rights in company sale.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 3:17 pm

SUN

Sunoco (NYSE:SUN) has announced a dividend payout of $0.84 per share, resulting in an annualized dividend yield of 7.50%. The company has maintained a steady dividend per share of $3.30 from 2019 to 2022, demonstrating its commitment to providing stability to shareholders. Additionally, Sunoco's earnings per share have shown an upward trend from $2.83 to $5.22 from 2019 to 2022.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:05 pm

TRMD

Energy Transfer (NYSE:ET) is distributing a dividend payout of $0.31 per share, leading to an annualized dividend yield of 9.34%. The company's dividend per share has decreased from $1.22 in 2019 to $0.87 in 2022, while its earnings per share have increased from $1.26 to $1.34 over the same period. This suggests that Energy Transfer is focusing on business growth by reinvesting profits rather than on dividend distributions.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:05 pm

KMT

MWA

Mueller Water Products (NYSE:MWA) is distributing a dividend payout of $0.06 per share, demonstrating an annualized dividend yield of 1.53%. The company has seen a growth in its dividend per share from $0.21 to $0.23 from 2019 to 2022, but a decrease in earnings per share from $0.62 to $0.57. Kennametal (NYSE:KMT) has the highest annualized dividend yield at 3.03% among its industry peers.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:05 pm

VLGEA

WMK

Weis Markets (NYSE:WMK) is set to deliver a dividend payout of $0.34 per share, equating to an annualized dividend yield of 2.02%. The company's dividend payout went ex-dividend on August 04, 2023. From 2019 to 2022, Weis Markets has demonstrated an upward trend in earnings, with earnings per share rising from $2.31 to $4.43. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:05 pm

CALM

SEB

Seaboard (AMEX:SEB) is set to distribute a dividend payout of $2.25 per share, translating to an annualized dividend yield of 0.25%. The company has maintained a steady dividend per share of $9.00 from 2019 to 2022, demonstrating its commitment to a stable dividend policy. However, Seaboard lags behind its industry peers in terms of dividend yield, with Cal-Maine Foods (NASDAQ:CALM) surpassing it with a higher annualized dividend yield of 10.83%. Seaboard's earnings per share have increased from $119.57 in 2019 to $410.86 in 2022, suggesting potential for higher cash dividend payouts in the future.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:05 pm

UBCP

United Bancorp, Inc. (UBCP) has declared a third quarter dividend payment of $0.1675 per share, an increase of 6.3% over the regular cash dividend paid in the third quarter of the previous year. This payment is also greater than the regular cash dividends paid in the first and second quarters of the current year. Year-to-date, UBCP has paid total cash dividends of $0.6450, an increase of 5.0% over the amount paid during the same period the previous year.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 3:05 pm

WPM

Wheaton Precious Metals (NYSE:WPM) has announced a quarterly dividend of 15 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders who own WPM as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 07, 2023.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:45 pm