Streetbeat News

Dividends

MPV

Barings Participation (NYSE:MPV) has announced a quarterly dividend of 32 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 32 cents lower. 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 08, 2023.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:45 pm

PATK

Patrick Industries (NASDAQ:PATK) has announced a quarterly dividend of 45 cents per share, which will be paid out to shareholders on September 11, 2023. To be eligible for this dividend, shareholders must own the stock prior to the ex-dividend date, which is this Friday. The stock will likely open 45 cents lower on Friday to reflect the payout.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:45 pm

LYB

LyondellBasell Industries (NYSE:LYB) has announced a quarterly dividend of $1.25 per share. The stock will go ex-dividend on Friday, 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 05, 2023.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:45 pm

GEF

GPK

OXM

TNL

UHG

Benzinga Insights has identified five value stocks in the consumer cyclical sector that may be worth watching: United Homes Gr (UHG), Travel+Leisure (TNL), Greif (GEF), Oxford Industries (OXM), and Graphic Packaging Holding (GPK). These companies have been selected based on their low P/E multiples, indicating they may be undervalued. The companies have also reported Q2 earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:44 pm

IMMR

RELL

SURG

TSRI

Benzinga Insights has identified five value stocks in the technology sector based on quantified analysis. These include Daqo New Energy (NYSE:DQ), Surgepays (NASDAQ:SURG), TSR (NASDAQ:TSRI), Richardson Electronics (NASDAQ:RELL), and Immersion (NASDAQ:IMMR). The companies have been selected due to their low P/E multiples, indicating they may be undervalued. Recent earnings per share and dividend yield data for each company is also provided.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:41 pm

BHP

BHP Group Ltd reported a 17% YoY decline in FY23 revenue to $53.8 billion due to lower iron ore, metallurgical coal, and copper prices. Copper production rose 9% YoY, but the average realized price was down 12%. Iron ore production was up 1% YoY, but the average realized price fell 18%. Underlying EBITDA fell 31% YoY to $28.0 billion, and underlying profit declined 37% YoY to $13.4 billion. The company declared a final dividend per share of $0.80, to be paid on September 28, 2023.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 2:08 pm

BIG

CBRL

The most accurate Wall Street analysts recommend holding three consumer stocks with over 6% dividend yields: Big Lots, Inc. (BIG), Foot Locker, Inc. (FL), and Cracker Barrel Old Country Store, Inc. (CBRL). These recommendations are based on the companies' high free cash flows and high dividend payouts. Recent news for each company includes upcoming Q2 results for BIG and FL, and a CEO transition for CBRL.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 1:22 pm

BRQS

Borqs Technologies, a global provider of 5G wireless and IoT solutions, has been granted an extension by the Committee on Foreign Investment in the United States (CFIUS) to complete the divestment of its subsidiary, Holu Hou Energy LLC (HHE), by January 1, 2024. The company is considering a share buyback program and/or a special dividend payout after the divestment.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:02 pm

COTY

Coty Inc. reported Q4 FY23 sales growth of 16% YoY to $1.35 billion, beating the consensus of $1.31 billion. Adjusted EPS was $0.01, missing the analyst consensus of $0.02. The company's sales were driven by robust global demand across categories, geographies, and channels. Coty also divested a 3.6% stake in Wella Brand for $150M. The company targets total FY24 adjusted EPS, excluding equity swap, of $0.44-$0.47, implying 16%-25% YoY growth. Coty shares are trading lower by 0.64% at $10.90 in premarket on the last check Tuesday.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 11:36 am

LOW

Lowe's Companies Inc (NYSE:LOW) reported a Q2 FY23 sales decline of 9.17% YoY to $24.96 billion, slightly missing the analyst consensus of $24.99 billion. Despite this, the company's stock rose due to a reaffirmed annual outlook. Lowe's saw strong spring recovery and growth in Pro and online sales, which partially offset lumber deflation and lower DIY discretionary demand. The company repurchased 10.1 million shares for $2.2 billion and paid $624 million in dividends in the quarter.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 10:47 am