Streetbeat News

Dividends

TNET

Needham analyst Kyle Peterson has raised the price target of Trinet Group Inc. (TNET) to $135 from $120 and maintained a Buy rating. Peterson expects TNET's CIE to remain muted for the next few quarters due to SMBs' cautious hiring. However, he believes that good execution from the sales force will boost growth. TNET has recently conducted a tender that will retire around 16% of its shares and plans to return about 75% of free cash flow to shareholders, which Peterson believes will result in additional buybacks and a possible dividend boost.

Portfolio Pulse from Lekha Gupta

September 11, 2023 | 6:12 pm

ESNT

Essent Group (NYSE:ESNT) is set to deliver a dividend payout of $0.25 per share, equating to an annualized dividend yield of 1.96%. The company's dividend per share and earnings per share have shown a positive trend from 2020 to 2022, indicating a healthy financial status and potential to maintain their dividend distribution to investors.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:05 pm

LNC

PRI

Primerica (NYSE:PRI) is set to deliver a dividend payout of $0.65 per share, equating to an annualized dividend yield of 1.22%. The company's dividend per share has shown a positive trend, increasing from $1.36 in 2019 to $2.20 in 2022. Primerica's earnings per share also increased from $8.22 in 2019 to $10.93 in 2022. The company's dividend yield is in the middle compared to its industry peers, with Lincoln National (NYSE:LNC) having the highest annualized dividend yield at 7.01%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:05 pm

MLR

TRN

Miller Industries (NYSE:MLR) is set to deliver a dividend payout of $0.18 per share, equating to an annualized dividend yield of 1.91%. The company has maintained a consistent dividend per share of $0.72 from 2019 to 2022. However, Miller Industries experienced a decrease in earnings per share from $3.36 to $1.21 during the same period, which may impact its ability to sustain or increase its cash dividend payouts. Trinity Industries (NYSE:TRN) has the highest annualized dividend yield at 4.41% among its industry peers.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:05 pm

PATK

PHIN

Patrick Industries (NASDAQ:PATK) will pay a dividend of $0.45 per share on September 11, 2023, yielding 2.23% annually. The company has shown a positive trend in dividend growth from 2020 to 2022, increasing from $1.03 to $1.44 per share. Earnings per share also grew from $3.96 to $14.38 during the same period. Patrick Industries' dividend yield is mid-range compared to its peers, with Phinia (NYSE:PHIN) having the highest yield at 3.59%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:05 pm

ERIC

Ubiquiti (NYSE:UI) has announced a dividend payout of $0.60 per share, resulting in an annualized dividend yield of 1.56%. The company has shown a positive trend in dividend per share from 2019 to 2022, and an increase in earnings per share, indicating a strong financial position. Telefonaktiebolaget L M (NASDAQ:ERIC) has the highest annualized dividend yield at 4.98% among industry peers.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:05 pm

AZN

BABA

NVS

QCOM

RTX

SFTBF

UBS

WELL

Several major companies have announced significant developments. Qualcomm has signed a chip supply agreement with Apple, potentially boosting its stock. Vietnam Airlines is nearing a $10 billion deal with Boeing to acquire 50 Boeing 737 Max jets. Welltower has raised its FY23 FFO outlook due to strong capital deployment and senior housing business. Novartis' Sandoz has entered a development and commercialization agreement with Samsung Bioepis. RTX Corp is facing a $3 billion pre-tax charge due to a Pratt & Whitney engine problem. AstraZeneca's CEO, Pascal Soriot, is rumored to be stepping down. Alibaba is undergoing a leadership shakeup in its cloud business. A potential United Auto Workers strike could cost the US economy billions. Apple and Google are facing an antitrust showdown. UBS is planning to cut wealth-management jobs in Asia. Arm Holdings is considering boosting its IPO price.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 2:51 pm

JLS

Nuveen Mortgage & Inc (NYSE:JLS) has announced a monthly dividend of 12.3 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 12.3 cents lower to reflect the payout. Shareholders owning JLS as of the end of Wednesday's session are eligible for the dividend, which will be paid out on October 02, 2023.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 2:46 pm

JRI

Nuveen Real Asset I&G (NYSE:JRI) has announced a monthly dividend of 8.7 cents per share. The stock will go ex-dividend on Thursday, 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 02, 2023.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 2:46 pm

JGH

Nuveen Glb High Inc Fund (NYSE:JGH) has announced a monthly dividend of 10.35 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 10.35 cents lower. Shareholders owning JGH by the end of Wednesday's session will be eligible for the dividend, which will be paid out on October 02, 2023.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 2:45 pm