Streetbeat News

Dividends

AGR

D

POR

Three high-yielding dividend stocks in the utilities sector have been highlighted by Wall Street's most accurate analysts. These include Dominion Energy, Inc. (D), Avangrid, Inc. (AGR), and Portland General Electric Company (POR). Recent analyst ratings and price targets have been provided for each, along with recent news such as Q2 revenue growth for Dominion Energy and lower-than-expected earnings for Avangrid and Portland Gen Electric.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 1:08 pm

VRTS

Virtus Investment Partners, Inc. (NASDAQ:VRTS) has announced a 15% increase in its quarterly common stock cash dividend from $1.65 to $1.90 per share. This marks the sixth consecutive annual dividend increase. The dividend will be paid on November 15, 2023 to shareholders of record at the close of business on October 31, 2023.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 12:08 pm

WGO

Winnebago Industries, Inc (NYSE:WGO) has declared a quarterly cash dividend of $0.31 per share, a 15% increase from the previous quarter. The dividend will be payable on September 27, 2023, to common stockholders of record at the close of business on September 13, 2023. The company has paid a quarterly cash dividend for the last 37 quarters and has increased the dividend each year for the last five years.

Portfolio Pulse from Shivani Kumaresan

August 17, 2023 | 11:24 am

LYTS

LSI Industries Inc. (NASDAQ:LYTS) has declared a regular cash dividend of $0.05 per share for Q4, payable on September 5, 2023. The dividend will be paid to shareholders of record on August 28, 2023. The indicated annual cash dividend rate is $0.20 per share.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 11:06 am

GS

TSN

Tyson Foods Inc is planning to sell its China poultry business and has hired The Goldman Sachs Group Inc as an advisor for the divestiture. The company has sent preliminary information to potential buyers, including several private equity firms. The valuation of the business, which has annual sales of around $1.1 billion, is unclear. Tyson Foods recently reported Q3 FY23 results, missing revenue and EPS consensus. The company's shares closed lower by 0.61% at $53.40 on Wednesday.

Portfolio Pulse from Lekha Gupta

August 17, 2023 | 9:55 am

BALL

Ball Corp (NYSE:BALL) shares are trading higher by around 5% after the company disclosed a plan to sell its aerospace business to BAE Systems for $5.6 billion in cash. The transaction is expected to close in H1 2024. Post deal closure, Ball plans to use the proceeds to reduce net debt and boost its share repurchase authorization program and quarterly dividend.

Portfolio Pulse from Lekha Gupta

August 17, 2023 | 9:40 am

CBOE

Cboe Global Markets, Inc. (CBOE) has announced a 10% increase in its Q3 2023 dividend from $0.50 to $0.55 per share. This marks the 13th consecutive year that Cboe has increased its dividend. The dividend is payable on September 15, 2023, to stockholders of record as of August 31, 2023.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:34 pm

WGO

Winnebago Industries, Inc. (NYSE:WGO) has announced a 15% increase in its quarterly cash dividend from $0.27 to $0.31 per share, payable on September 27, 2023. The company has consistently paid a quarterly cash dividend for the last 37 quarters and has increased the dividend each year for the past five years.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:22 pm

HRB

H & R Block Inc (NYSE:HRB) shares gained as much as 11% after the company issued upbeat Q2 earnings and increased its dividend by 10%. The company reported strong revenue growth, substantial EBITDA growth, and a 9% increase in adjusted EPS. Positive customer feedback, growth in its Small Business sector, and efficient implementation of the “Block Horizons” strategy also contributed to the year’s accomplishments.

Portfolio Pulse from AJ Fabino

August 16, 2023 | 7:14 pm

TGT

Target Corp (NYSE:TGT) reported Q2 earnings with adjusted earnings of $1.80 per share, beating the $1.39 expectation, but revenues of $24.77 billion missed the $25.18 consensus estimate. Sales were down 4.9% YoY, with comparable sales down by 5.4%. However, Target's gross margin expanded to 27% and operating income increased 273% to $1.2 billion. The company issued $499 million in dividends, up from $417 million the previous year. To generate a monthly dividend check of $500 from Target, an investment of $175,953.08, or about 1,371 shares, would be needed.

Portfolio Pulse from AJ Fabino

August 16, 2023 | 4:38 pm