Streetbeat News

Dividends

KR

Kroger Co. (NYSE:KR) reported better-than-expected quarterly earnings and settled an opioid lawsuit, agreeing to pay up to $1.2 billion. The company reported a 2.3% YoY sales decline to $33.85 billion, missing the analyst consensus of $34.13 billion. Adjusted EPS of $0.96 beat the consensus estimate of $0.91. Kroger offers an annual dividend yield of 2.55%, which is a quarterly dividend amount of $0.29 a share ($1.16 a year). To earn $500 per month from dividends alone, an investment of approximately $242,773 or around 5,172 shares is needed.

Portfolio Pulse from Priya Nigam

September 11, 2023 | 12:39 pm

ETRN

OKE

WMB

The most accurate Wall Street analysts recommend buying three high-yielding energy stocks: ONEOK, Inc. (OKE), Equitrans Midstream Corporation (ETRN), and The Williams Companies, Inc. (WMB). These stocks have dividend yields of 5.90%, 6.30%, and 5.32% respectively. Recent news for these companies includes better-than-expected Q2 earnings for OKE and WMB, and a change in leadership for ETRN.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 12:32 pm

AEP

CHDN

DKNG

VZ

Jim Cramer, on CNBC’s 'Mad Money Lightning Round,' recommended buying American Electric Power Company, Inc. (AEP) and DraftKings Inc. (DKNG), while expressing skepticism about Churchill Downs Incorporated (CHDN). He also mentioned that Verizon Communications Inc. (VZ) has an 8% yield and increased its dividend.

Portfolio Pulse from Priya Nigam

September 11, 2023 | 12:27 pm

CPG

Crescent Point Energy Corp (NYSE:CPG) has released a preliminary FY24 outlook and updated 5-year guidance. The company expects annual production of 145,000 to 151,000 boe/d in FY24, with projected development capital expenditures of C$1.05 billion to C$1.15 billion. CPG plans to allocate around 70% of the budget to its Kaybob Duvernay and Alberta Montney plays. The company also sees significant excess cash flow of over C$1.0 billion at $80/bbl WTI and projects net debt of C$1.7 billion. The company expects to return around 60% of excess cash flow to shareholders via dividends and share repurchases.

Portfolio Pulse from Lekha Gupta

September 11, 2023 | 12:17 pm

AAMC

Altisource Asset Management Corporation (AAMC) has announced a 70% stock dividend in lieu of a previously reported 2 for 1 stock split. The move is aimed at achieving compliance with the NYSE's listing requirement of a minimum level of 1,100,000 publicly held shares. The company also announced the appointment of Richard Rodick as the new CFO, succeeding Stephen Krallman who is resigning effective September 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 9:04 pm

EG

Everest Group, Ltd. has announced an increase in its regular quarterly dividend from $1.65 to $1.75 per common share. The dividend will be payable on or before September 29, 2023 to all shareholders of record as of September 19, 2023.

Portfolio Pulse from Happy Mohamed

September 08, 2023 | 8:17 pm

TMUS

Analysts from Raymond James and Citi have maintained their buy ratings on T-Mobile US (NASDAQ:TMUS) but adjusted their price targets due to changes in the company's shareholder return plans. T-Mobile's $60 billion total shareholder return will come later than expected, in early 2026 instead of by year-end 2025. The company plans to return $19 billion between 4Q23 and year-end 2024, which is less than previously modeled. The return will now include a nearly 2% dividend yield.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 6:06 pm

SFL

SFL Corp (NYSE:SFL) 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. Shareholders owning SFL stock by the end of Tuesday's session will be eligible for the dividend, which will be paid out on September 29, 2023.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 2:46 pm

CSGS

CSG Systems Intl (NASDAQ:CSGS) announced a quarterly dividend of 28 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 28 cents lower. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid out on September 28, 2023.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 2:46 pm

MPW

Medical Properties Trust (NYSE:MPW) announced a quarterly dividend of 15 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 15 cents lower. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid out on October 12, 2023.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 2:45 pm