Streetbeat News

Dividends

IMMR

JKS

KOSS

MNDO

VSH

The article lists five value stocks in the technology sector, including Vishay Intertechnology (VSH), JinkoSolar Holding Co (JKS), MIND C.T.I. (MNDO), Immersion (IMMR), and Koss (KOSS). The companies' P/E ratios, earnings per share, and dividend yields are discussed. The risk of investing in value stocks is that they may never rebound from their undervalued position.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:41 pm

Hawaiian Electric Industries, Inc. (NYSE:HE) shares are trading lower by 5.4% following a response to a lawsuit filed by the County of Maui regarding the fires on August 8. The company's shares had gained on Monday after the response was released, but otherwise fell sharply last week after the lawsuit was filed. The company also suspended its dividend.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 2:41 pm

GEF

Greif, Inc. (NYSE:GEF, GEF.B) has announced an increase in its quarterly cash dividends from $0.50 to $0.52 per share on its Class A Common Stock, and $0.78 per share on its Class B Common Stock. The dividends will be payable on October 2, 2023, to stockholders of record at the close of business on September 15, 2023.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 2:08 pm

BBY

Best Buy Co Inc (NYSE:BBY) reported Q2 FY24 sales of $9.58 billion, beating the analyst consensus estimate of $9.52 billion. However, domestic and international revenues decreased by 7.1% and 8.8% Y/Y respectively. The company's gross profit fell to $2.2 billion from $2.3 billion a year ago. The company returned $79 million to shareholders through share repurchases and authorized a dividend of $0.92 per share. For FY24, the company revised its revenue guidance to $43.80 billion-$44.50 billion and tightened the adjusted EPS outlook to $6.00-$6.40.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 1:17 pm

HNI

MMM

SWK

The article discusses three high-yielding dividend stocks in the industrials sector, as per Wall Street's most accurate analysts. The stocks are 3M Company (MMM), HNI Corporation (HNI), and Stanley Black & Decker, Inc. (SWK). Recent news for each company includes a $5.5 billion settlement for 3M, a Q2 net loss for HNI, and a narrower-than-expected Q2 loss for Stanley Black & Decker.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:58 pm

GOGL

Golden Ocean Group Ltd (NASDAQ:GOGL) reported Q2 FY23 revenue of $213.38 million, exceeding consensus of $148.97 million. The company's operating expenses were $169.8 million, and net operating income declined to $43.6 million from $155.8 million in the prior year quarter. Adjusted EPS of $0.17 was better than the consensus of $0.12. The company announced a cash dividend of $0.10 per share for Q2 and repurchased shares worth $6.9 million in the quarter. GOGL shares are trading higher by 4.06% at $7.18 premarket on the last check Tuesday.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 12:41 pm

CWCO

Consolidated Water Co. Ltd. (CWCO) has increased its quarterly cash dividend by 11.8% to $0.095 per share for Q4 2023, payable on October 31, 2023. The company's strong growth across all business segments has resulted in increased profitability and cash flow. CWCO also reported a 110% increase in Q2 2023 revenue to $44.2 million, driving an increase in EPS to $0.47.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:33 pm

ANDE

BMY

COIN

SLB

Insider sales were reported at Bristol-Myers Squibb (BMY), Schlumberger (SLB), Coinbase Global (COIN), and The Andersons (ANDE). These sales could indicate concerns about the companies' prospects or overpricing of the stocks. BMY's Reblozyl was approved by the FDA for initial anemia treatment. SLB secured a five-year contract from Petrobras. COIN acquired an equity stake in Circle, the co-founder of the USD Coin. ANDE announced a Q4 2023 cash dividend.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:32 pm

MMM

3M Company (NYSE:MMM) has reached a settlement of $6.0 billion for the Combat Arms Earplug lawsuits, to be paid from 2023 to 2029. The company offers an annual dividend yield of 5.76%, which is $1.50 a share quarterly. To earn $500 monthly from 3M dividends, an investor would need to own approximately $104,120 worth of 3M, or 1,000 shares. The dividend yield can change as the dividend payment and the stock price fluctuate over time.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:19 pm

LFVN

LifeVantage Corporation has declared a special one-time cash dividend of $0.40 per share of common stock. The dividend will be paid on September 22, 2023, to all stockholders of record at the close of business on September 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 8:13 pm