Streetbeat News

Dividends

RITM

The Vanguard Group has profited from its stake in Rithm Capital Corp (NYSE:RITM), netting $11.56 million from the company's 25-cent dividend payment in Q2. RITM's 10.11% dividend yield presents an opportunity for retail investors to generate monthly income. To earn $500 per month from RITM's dividends, an investment of approximately $59,405 would be required.

Portfolio Pulse from AJ Fabino

August 28, 2023 | 7:23 pm

NAT

Nordic American Tankers Ltd (NYSE:NAT) reported Q2 FY23 revenue of $67.80 million, missing the consensus of $68.32 million. EPS improved to $0.13, missing the consensus of $0.14. The company declared a dividend per share of $0.13. NAT shares are trading lower by 0.37% at $4.08.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 4:16 pm

SWK

TKR

Timken (NYSE:TKR) will issue a dividend payout of $0.33 per share, resulting in an annualized dividend yield of 1.41%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.12 to $1.23. Timken's earnings per share also increased from $4.76 to $5.58 during the same period. Stanley Black & Decker (NYSE:SWK) has the highest annualized dividend yield at 3.63% among Timken's industry peers.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 3:05 pm

FNF

KMPR

Kemper (NYSE:KMPR) is set to pay a dividend of $0.31 per share on August 28, 2023, with an annualized dividend yield of 2.45%. The company has seen a growth in its dividend per share from $1.03 to $1.24 from 2019 to 2022. However, Kemper's earnings per share have declined from $5.80 in 2019 to $-4.09 in 2022, raising concerns for income-seeking investors.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 3:05 pm

SAFT

TIPT

Tiptree (NASDAQ:TIPT) is set to distribute a dividend payout of $0.05 per share, resulting in an annualized dividend yield of 1.36%. The company has shown a positive dividend growth pattern from 2019 to 2022, but its earnings per share have declined from $0.39 in 2019 to $-0.30 in 2022. Safety Insurance Group (NASDAQ:SAFT) has the highest annualized dividend yield at 5.12% among its industry peers.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 3:05 pm

BGSF

KFRC

BGSF (NYSE:BGSF) is set to distribute a dividend payout of $0.15 per share on August 28, 2023, equating to an annualized dividend yield of 6.38%. However, the company has seen a decrease in both dividend per share and earnings per share from 2019 to 2022, which could indicate financial difficulties. BGSF leads its industry peers in terms of dividend yield, with Kforce (NASDAQ:KFRC) having the highest annualized dividend yield at 2.33%.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 3:05 pm

MGEE

MGE Energy (NASDAQ:MGEE) has announced a quarterly dividend of 42.75 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders who own MGEE as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 15, 2023.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:46 pm

UFCS

United Fire Gr (NASDAQ:UFCS) has announced a quarterly dividend of 16 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 16 cents lower. Shareholders who own UFCS as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 15, 2023.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:45 pm

SSNC

SS&C Techs Hldgs (NASDAQ:SSNC) announced it will pay a quarterly dividend of 24 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 24 cents lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on September 15, 2023.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:45 pm

CVLG

Covenant Logistics Gr (NASDAQ:CVLG) announced it will pay a quarterly dividend of 11 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 11 cents lower. Shareholders owning the stock by end of Wednesday are eligible for the dividend, which will be paid out on September 29, 2023.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:45 pm