Streetbeat News

Dividends

AEE

OGS

PNM

The most accurate Wall Street analysts recommend holding three high-yielding utility stocks: Ameren Corporation (AEE), PNM Resources (PNM), and ONE Gas (OGS). These stocks have dividend yields of 3.18%, 3.32%, and 3.59% respectively. Recent news for these companies include better-than-expected quarterly results for Ameren and PNM Resources, while ONE Gas posted weaker-than-expected results.

Portfolio Pulse from Lisa Levin

September 05, 2023 | 12:37 pm

KLAC

KLA Corp has announced a dividend increase and a new share repurchase plan. The quarterly dividend per share has been raised to $1.45 from $1.30, marking the 14th consecutive annual dividend increase. The company has also declared a new share repurchase authorization of $2 billion, in addition to the remaining $1.6 billion under the original share repurchase authorization. This brings the total share repurchase authorization to around $3.6 billion as of August 31, 2023.

Portfolio Pulse from Lekha Gupta

September 05, 2023 | 12:10 pm

DELL

Dell Technologies Inc. reported better-than-expected Q2 results and raised its yearly outlook. The company reported earnings of $1.74 per share, beating the analyst consensus estimate of $1.14, and sales of $22.93 billion, beating the estimate of $20.85 billion. However, this represents a 13.21% decline compared to the same quarter last year. Dell offers an annual dividend yield of 2.17%, which is a quarterly dividend amount of $0.37 a share. To earn $500 per month from dividends, an investment of approximately $276,442 or around 4,054 shares is needed.

Portfolio Pulse from Lisa Levin

September 05, 2023 | 12:05 pm

BRC

Brady Corp (NYSE:BRC) has announced a 2.2% increase in its annual dividend to shareholders, from $0.92 to $0.94 per share. This marks the 38th consecutive annual increase in dividends. The company also reported a slight decline in Q3 FY23 sales and raised the lower end of its FY23 EPS outlook. Brady will report 4Q FY23 earnings today.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 10:47 am

KLAC

KLA Corporation has announced an increase in its quarterly dividend level from $1.30 to $1.45 per share, marking the fourteenth consecutive annual increase. The company's Board of Directors has also authorized a repurchase of up to $2 billion of the company's common stock.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:12 am

BRC

Brady Corporation has announced an increase in its annual dividend from $0.92 per share to $0.94 per share. A quarterly dividend of $0.235 per share will be paid on October 31, 2023, to shareholders of record at the close of business on October 10, 2023. This marks the 38th consecutive annual increase in dividends.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 6:36 am

NSP

Insperity (NYSE:NSP) has announced a quarterly dividend of 57 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 57 cents lower to reflect the payout. Shareholders who own NSP as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 22, 2023.

Portfolio Pulse from Benzinga Insights

September 04, 2023 | 2:45 pm

WSBC

Wesbanco (NASDAQ:WSBC) has announced a quarterly dividend of 35 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 35 cents lower to reflect the payout. Shareholders who own WSBC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on October 02, 2023.

Portfolio Pulse from Benzinga Insights

September 04, 2023 | 2:45 pm

SEE

Sealed Air (NYSE:SEE) has announced a quarterly dividend of 20 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 20 cents lower. Shareholders who own SEE as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 22, 2023.

Portfolio Pulse from Benzinga Insights

September 04, 2023 | 2:45 pm

CAL

Caleres (NYSE:CAL) has announced a quarterly dividend of 7 cents per share, which will be paid out to shareholders on September 29, 2023. The stock will go ex-dividend on Thursday, meaning it will likely open 7 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

September 04, 2023 | 2:45 pm