Streetbeat News

Dividends

CBRL

Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported Q4 FY23 revenue growth of 0.8% to $836.7 million, missing the analyst consensus. Comparable store retail sales decreased 6.8%, while restaurant sales grew 2.4%. The company's Q4 topline performance fell short of expectations. However, the adjusted EPS of $1.79 beat the consensus estimate of $1.61. The company declared a quarterly dividend of $1.30 per share. For Q1 FY24, the company expects sales of $800 million - $850 million.

Portfolio Pulse from Shivani Kumaresan

September 13, 2023 | 2:28 pm

ORCL

Oracle Corporation (NYSE:ORCL) released mixed Q1 results with a revenue of $12.45 billion, up 9% YoY, slightly below the market estimate of $12.46 billion. Adjusted EPS was $1.19, beating the consensus estimate of $1.15. Several analysts adjusted their price targets for Oracle following the results. The company offers an annual dividend yield of 1.27%, which equates to a quarterly dividend of $0.40 per share. To earn $500 per month from dividends, an investment of approximately $411,038 or around 3,750 shares is needed.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 1:05 pm

REVG

REV Group, Inc. (NYSE:REVG) reported a 14.3% YoY sales growth in Q3 FY23 to $680 million, beating the consensus of $627.16 million. Adjusted EPS of $0.35 also beat the consensus of $0.23. The company's backlog increased to $4.136 billion, compared with $3.936 billion a year ago. REV Group declared a quarterly cash dividend of $0.05 per share. The company increased its FY23 outlook, expecting sales in the range of $2.55 billion-$2.6 billion and adjusted EBITDA of $135 million-$145 million.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 12:53 pm

AMGN

CVS

MDT

Three health care stocks with over 3% dividend yields have been recommended by Wall Street's most accurate analysts. These include Amgen Inc. (NASDAQ:AMGN) with a dividend yield of 3.28%, Medtronic plc (NYSE:MDT) with a yield of 3.39%, and CVS Health Corporation (NYSE:CVS) with a yield of 3.52%. Recent news for these companies include FTC approval for Amgen's acquisition of Horizon Therapeutics Plc, FDA's recommendation against the approval of Medtronic's blood pressure treatment device, and FDA's warning to CVS Health for violating federal law.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 11:35 am

FITB

Fifth Third Bancorp has announced an increase in its quarterly dividend from $0.33 to $0.35 per share, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 7:37 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is set to announce its iPhone 15 lineup at the Wonderlust event. Beyond product launches, investors are looking at dividends as a sustainable way to gain from their Apple holdings. Given Apple's current share price and its dividend yield of 0.54%, an investor would need to own approximately 6,281 shares of Apple to earn a monthly dividend payout of $500.

Portfolio Pulse from AJ Fabino

September 12, 2023 | 5:49 pm

SPG

Simon Property Group (NYSE:SPG) is set to deliver a dividend payout of $1.90 per share, equating to an annualized dividend yield of 6.06%. However, the company has seen a decrease in dividend per share from $8.30 to $6.90 from 2019 to 2022, and a decrease in earnings per share from $12.31 to $11.71 in the same period. This could indicate a challenging financial situation for the company.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 3:06 pm

CDW

TAIT

CDW (NASDAQ:CDW) is set to issue a dividend payout of $0.59 per share, resulting in an annualized dividend yield of 1.26%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $1.26 to $2.09. CDW's earnings per share also increased from $5.86 to $9.37 during the same period. The company's dividend yield is mid-range compared to its industry peers, with Taitron Components (NASDAQ:TAIT) having the highest annualized dividend yield at 5.68%.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 3:05 pm

EFSH

MMM

3M (NYSE:MMM) has issued a dividend payout of $1.50 per share, resulting in an annualized dividend yield of 5.77%. The company has seen an increase in dividend per share and earnings per share from 2019 to 2022, indicating a healthy financial status. 1847 Holdings (NYSE:EFSH) has the highest annualized dividend yield at 852.27% among industry peers.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 3:05 pm

KRO

WLK

Westlake (NYSE:WLK) is set to distribute a dividend payout of $0.50 per share, resulting in an annualized dividend yield of 1.51%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.02 to $1.31. Additionally, Westlake's earnings have increased from $3.90 per share in 2019 to $20.51 per share in 2022.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 3:05 pm