Streetbeat News

Dividends

OUT

SBRA

SLG

Benzinga has highlighted three high-yielding real estate stocks recommended by Wall Street's most accurate analysts. These include OUTFRONT Media Inc. (NYSE:OUT) with a dividend yield of 10.68%, SL Green Realty Corp. (NYSE:SLG) with a yield of 9.57%, and Sabra Health Care REIT, Inc. (NASDAQ:SBRA) with a yield of 9.75%. Recent news for all three companies indicates worse-than-expected financial results.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:56 pm

SYBT

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) has announced an increase in its quarterly cash dividend from $0.29 to $0.30 per common share. The dividend will be paid on October 2, 2023, to stockholders of record as of September 18, 2023. This marks the 16th time the company has raised its dividend rate since 2012, resulting in a cumulative increase of 125% over that period.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:11 pm

TJX

TJX Companies reported Q2 FY24 overall comp store sales increase of 6%, driven by customer traffic. Comp store sales at Marmaxx increased by 8%. The company's pretax profit margin was 10.4%, up 1.2 percentage points from last year. Diluted earnings per share were $.85, up 23% from last year. The company returned $932 million to shareholders through share repurchases and dividends and increased its outlook for FY24 overall comp store sales, pretax profit margin, and earnings per share.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:32 am

HRB

H&R Block, Inc. (NYSE:HRB) reported better-than-expected Q4 results and raised its quarterly dividend. The company reported earnings of $2.05 per share, beating the analyst consensus estimate of $1.89. Quarterly sales were $1.03 billion, beating the analyst consensus estimate of $1.01 billion. The company also raised its quarterly dividend by 10% to 32 cents per share. Shares of HRB were up 6.08% at $37.50 at the time of publication.

Portfolio Pulse from Ryan Gustafson

August 15, 2023 | 8:45 pm

HRB

H&R Block's shares are trading higher following the company's announcement of better-than-expected Q4 results and an increase in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:09 pm

HRB

H&R Block has announced a 10% increase in its quarterly dividend, marking the seventh increase in seven years. The new dividend is $0.32 per share, payable on October 4, 2023, to shareholders of record as of September 7, 2023.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 8:07 pm

AAPL

BRK-A

BRK-B

Warren Buffett's Berkshire Hathaway has significantly increased its stake in Apple since its initial purchase in 2016. The shares, bought at an average price of $27.25, now constitute approximately 50% of Berkshire Hathaway's investment portfolio. An investor who invested $1,000 in Apple on the same day as Buffett would have seen a return of 653.2% over the last seven years, outperforming the overall stock market.

Portfolio Pulse from Chris Katje

August 15, 2023 | 7:02 pm

BLX

Banco Latinoamericano (NYSE:BLX) will distribute a dividend payout of $0.25 per share on August 15, 2023, equating to an annualized dividend yield of 4.47%. The company's dividend per share has decreased from $1.54 in 2019 to $1.00 in 2022, while earnings per share have increased from $2.14 to $2.22 over the same period. This suggests a strategic shift towards retaining more earnings for reinvestment purposes rather than distributing them as dividends.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:05 pm

PCTI

PCTEL (NASDAQ:PCTI) is set to pay a dividend of $0.06 per share on August 15, 2023, with an annualized dividend yield of 4.42%. The company has maintained a stable dividend per share of $0.22 from 2019 to 2022, indicating a consistent dividend policy. Additionally, PCTEL's earnings per share have increased from $0.34 to $0.38 over the same period, suggesting potential for further cash dividend increases.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:05 pm

BFIN

TBNK

BankFinancial (NASDAQ:BFIN) has announced a dividend payout of $0.10 per share, resulting in an annualized dividend yield of 4.48%. The company has consistently maintained a dividend per share of $0.40 from 2019 to 2022. However, there has been a decline in BankFinancial's earnings per share, decreasing from $0.91 in 2019 to $0.72 in 2022, raising concerns about the company's financial stability and its ability to sustain the distribution of profits to shareholders.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:05 pm