Streetbeat News

Dividends

ABM

ABM Industries Incorporated reported Q3 FY23 revenue growth of 3.4% Y/Y to $2.028 billion, beating the consensus of $2.01 billion. However, its adjusted EPS of $0.79 missed the consensus of $0.89. The company declared a cash dividend of $0.22 per common share and narrowed its FY23 adjusted EPS guidance range to $3.40-$3.50. ABM shares are trading lower by 5.02% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

September 07, 2023 | 1:26 pm

AEO

American Eagle Outfitters, Inc. (NYSE:AEO) reported better-than-expected earnings for its second quarter and raised its FY2024 operating income guidance. The company posted quarterly earnings of 25 cents per share, beating market estimates of 16 cents per share. The company’s quarterly sales came in at $1.20 billion. American Eagle offers an annual dividend yield of 2.30%, which is a quarterly dividend amount of $0.10 a share ($0.40 a year). To earn $500 per month or $6,000 annually from dividends alone, an investment of approximately $258,000 or around 15,000 shares would be needed.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 1:13 pm

BLMN

DRI

LEVI

The most accurate Wall Street analysts recommend buying three high-dividend yielding consumer stocks: Darden Restaurants, Inc. (DRI), Levi Strauss & Co. (LEVI), and Bloomin' Brands, Inc. (BLMN). These companies have been rated by analysts from Stephens & Co., Citigroup, Stifel, Guggenheim, Credit Suisse, and Barclays, with accuracy rates ranging from 70% to 76%. Recent news for these companies include upcoming financial results, margin decline and soft EPS guidance, and interest from an activist investor.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:49 pm

NRC

National Research Corporation (NRC) has declared a special dividend of $1.00 per share to shareholders of record as of the close of business on Monday, September 18, 2023, payable on Friday, September 22, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 9:03 pm

IRS

IRSA's Board of Directors has called a shareholders' meeting on September 5, 2023, to discuss the distribution of a dividend amounting to ARS 64,000 million among other points.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:10 pm

IRS

IRSA has announced its FY23 results, recording a profit of ARS 58,094 million, 22.8% lower than FY22. Rental adjusted EBITDA increased by 24.9% driven by the Shopping Centers and Hotels segments. Mall tenant sales grew by 16.0% and occupancy reached 97.4%. The company sold properties for a total of USD 163.7 million and reduced net debt by 67% since 2020. Dividends were distributed twice this fiscal year for a total of USD 124.1 million and the company repurchased 1.7% of its capital stock.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:07 pm

TMUS

T-Mobile US plans to declare and pay its first dividend of approximately $750M in Q4 2023, followed by an additional $3B in dividends in 2024. The dividend amount paid per share is expected to grow by around 10% annually, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 5:36 pm

LUV

NBSE

Symetryx Corporation has acquired a 20% stake in NeuBase Therapeutics and urged the board to issue a special $1 per share dividend. Meanwhile, Southwest Airlines expects Q3 operating revenue per available seat mile to be down 5%-7% year over year, compared to prior guidance of down 3%-7%. The company also sees Q3 available seat miles up about 12%, unchanged from previous guidance.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 4:17 pm

HNNA

OCCI

Hennessy Advisors (NASDAQ:HNNA) is distributing a dividend payout of $0.14 per share, demonstrating an annualized dividend yield of 7.84%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $0.49 to $0.55. However, the company's earnings per share have declined from $1.42 in 2019 to $0.82 in 2022. Hennessy Advisors's dividend yield is in the middle range compared to its industry peers, with OFS Credit Co (NASDAQ:OCCI) having the highest annualized dividend yield at 26.47%.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:05 pm

LARK

TBNK

Landmark Bancorp (NASDAQ:LARK) is set to pay a dividend of $0.21 per share on September 06, 2023, with an annualized dividend yield of 3.98%. The company has seen an increase in dividend per share from $0.80 in 2019 to $0.84 in 2022, despite a decrease in earnings per share from $3.25 in 2019 to $2.25 in 2022. Landmark Bancorp's dividend yield is mid-range compared to its industry peers, with Territorial Bancorp (NASDAQ:TBNK) having the highest annualized dividend yield at 9.20%.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:05 pm