Streetbeat News

Dividends

HNI

HNI (NYSE:HNI) has announced a quarterly dividend of 32 cents per share, which will be paid out to shareholders on September 08, 2023. To be eligible for this dividend, shareholders must own the stock prior to the ex-dividend date, which is Thursday. The stock will likely open 32 cents lower on Thursday to reflect the payout.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:45 pm

WAFD

Washington Federal (NASDAQ:WAFD) has announced a quarterly dividend of 25 cents per share. The stock will go ex-dividend on Thursday, 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 08, 2023.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:45 pm

HQL

Tekla Life Sciences Invts (NYSE:HQL) has announced a quarterly dividend of 32 cents per share. The stock will go ex-dividend on Thursday, 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 29, 2023.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:45 pm

HQH

Tekla Healthcare (NYSE:HQH) announced a quarterly dividend of 40 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 40 cents lower. Shareholders who own HQH as of the end of Wednesday's session are eligible to receive the dividend payout. The dividend will be paid out on September 29, 2023.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:45 pm

AXR

FOR

FPH

HT

SACH

Benzinga Insights has identified five value stocks in the real estate sector based on quantified analysis. These include Five Point Holdings (FPH), Forestar Group (FOR), Amrep (AXR), Sachem Cap (SACH), and Hersha Hospitality (HT). The companies have shown recent improvements in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:39 pm

MPW

Medical Properties Trust Inc (MPW) has outlined a new capital allocation strategy aimed at enhancing its balance sheet, reducing its cost of capital, and increasing long-term shareholder value. The company plans to cut discretionary operating expenses and other costs, continue refinancing, sales, and joint-venture opportunities, and reduce its asset base. It has also declared a quarterly dividend of 15 cents per share. Over the past 18 months, MPW has closed several deals to lower its adjusted funds from operations (AFFO), and has more deals expected to close in H2 2023.

Portfolio Pulse from Lekha Gupta

August 21, 2023 | 2:33 pm

MPW

Medical Properties Trust Inc (MPW) has clarified issues regarding a halted transaction with Prospect Medical Holdings, as reported by the Wall Street Journal. The California state regulator ordered the transaction to be put on hold on July 20, requiring additional information before issuing final approval. MPW expects to complete the transaction and has shifted its capital allocation strategy to preserve capital, slashing its quarterly dividend by 49% to $0.15 per share. The company will continue exploring refinancing, sales, and joint-venture opportunities.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 1:59 pm

MPW

Medical Properties Trust, Inc. (MPW) has updated its capital allocation strategy to strengthen its balance sheet and accelerate deleveraging. The company has reduced its quarterly dividend from $0.29 to $0.15 per share to align with its cash flow profile following asset divestitures. Over the past 18 months, MPW has completed several transactions that have lowered its adjusted funds from operations (AFFO), including partnerships and asset sales. The company plans to continue exploring refinancing, sales, and joint-venture opportunities, reduce costs, and sell certain non-leased and non-real estate assets.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:50 pm

NEWT

NewtekOne, Inc. (NASDAQ:NEWT) announced that its bank subsidiary, Newtek Bank, N.A., has declared a dividend of $2.0 million, payable to NewtekOne. The dividend declaration comes after Newtek Bank's swift ascension to profitability for the six months ended June 30, 2023, following its acquisition by NewtekOne on January 6, 2023.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:56 pm

LVO

PodcastOne's common stock is expected to start trading on a national securities exchange around September 8, 2023. LiveOne has set a record date of August 28, 2023, for a special dividend of approximately 19% of PodcastOne's common stock to LiveOne's 24K+ shareholders. LiveOne shareholders are expected to receive approximately 0.048 shares of PodcastOne common stock per share of LiveOne common stock. PodcastOne shares are expected to open trading at $8 per share minimum.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 12:47 pm