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Dividends

MPW

OUT

SLG

The article discusses three REITs (Real Estate Investment Trusts) that have been significantly impacted by economic conditions, resulting in high dividend yields. These include SL Green Realty Corp. (SLG), Medical Properties Trust Inc. (MPW), and Outfront Media Inc. (OUT). SLG, despite a 58% loss in value since March 2022, offers a dividend yield of 9.9%. MPW, after a series of negative events and downgrades, has declined 68% from its high in January 2022, but offers an 8.86% dividend yield. OUT, after poor Q2 results and downgrades, has declined 59% since March 2022, but offers a 10.77% dividend yield.

Portfolio Pulse from Ethan Roberts

August 25, 2023 | 5:28 pm

HE

Hawaiian Electric Industries, Inc. (HE) shares dropped by 23.8% after Maui County filed a lawsuit against the company for its alleged role in the Lahaina wildfires. The company also suspended its quarterly cash dividend on common stock. Additionally, HEI and Hawaiian Electric drew $170 million and $200 million respectively from their existing revolving unsecured credit facilities, planning to invest the cash proceeds in highly liquid short-term investments.

Portfolio Pulse from Henry Khederian

August 25, 2023 | 5:00 pm

TSX:PIF

Polaris Renewable Energy (TSX:PIF) is distributing a dividend payout of $0.15 per share, demonstrating an annualized dividend yield of 4.24%. The company has maintained a stable dividend per share of $0.60 from 2020 to 2022. However, the company's earnings per share have declined from $1.11 in 2020 to $-0.07 in 2022, which could raise concerns for income-seeking investors.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:05 pm

CLAR

HAS

Clarus (NASDAQ:CLAR) is distributing a dividend payout of $0.03 per share, demonstrating an annualized dividend yield of 1.20%. The company has maintained a stable dividend per share of $0.10 from 2019 to 2022. Clarus has also experienced a growth in earnings per share from $0.66 to $1.41 from 2019 to 2022. However, Clarus lags behind its industry peers in terms of dividend yield, with Hasbro (NASDAQ:HAS) surpassing it with a higher annualized dividend yield of 4.25%.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:05 pm

KRO

WLKP

Westlake Chemical (NYSE:WLKP) has announced a dividend payout of $0.47 per share, resulting in an annualized dividend yield of 8.30%. The company has shown a positive trend in dividend growth from 2019 to 2022, with the dividend per share rising from $1.80 to $1.89. Additionally, Westlake Chemical's earnings per share have also increased from $1.64 to $2.19 during the same period. The company's dividend yield is in the middle range compared to its industry peers, with Kronos Worldwide (NYSE:KRO) having the highest annualized dividend yield at 9.35%.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:05 pm

ARTNA

WTRG

Artesian Resources (NASDAQ:ARTNA) will pay a dividend of $0.28 per share on August 25, 2023, yielding 2.51% annually. The company has shown a positive trend in dividend per share from 2019 to 2022, increasing from $0.98 to $1.09. Earnings per share also increased from $1.60 to $1.97 during the same period. Essential Utilities (NYSE:WTRG) leads the industry with the highest annualized dividend yield at 3.35%.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:05 pm

OFED

Oconee Federal Finl (OTC:OFED) will distribute a dividend payout of $0.10 per share, translating to an annualized dividend yield of 3.14%. The company has maintained a stable dividend per share of $0.40 from 2019 to 2022. Additionally, the company's earnings per share have shown an upward trend, rising from $0.65 to $0.82 during the same period.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:05 pm

RMBI

Richmond Mutual Bancorp (NASDAQ:RMBI) has announced a quarterly dividend of 14 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 14 cents lower. Shareholders who own RMBI as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on September 14, 2023.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:45 pm

CBOE

Cboe Global Markets (BATS:CBOE) has announced a quarterly dividend of 55 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 15, 2023.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:45 pm

ORC

Orchid Island Cap (NYSE:ORC) has announced a monthly dividend of 16 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders who own ORC as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on September 27, 2023.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:45 pm