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Dividends

CAG

K

KMB

The most accurate Wall Street analysts have recommended holding three high-yielding stocks in the consumer staples sector: Kellogg Company (K), Kimberly-Clark Corporation (KMB), and Conagra Brands, Inc. (CAG). These stocks have dividend yields of 3.62%, 3.67%, and 4.31% respectively. Recent financial reports show that Kellogg beat analyst consensus on Q2 FY23 organic sales, while Kimberly-Clark and Conagra Brands slightly missed their sales estimates.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 1:25 pm

CCF

KKR

KKR & Co Inc reported Q2 2023 revenues of $3.63 billion, significantly higher than $323.4 million a year ago. The company's after-tax adjusted distributable EPS was $0.73, down 23% Y/Y, but beat the consensus of $0.71. Asset management segment revenues and net investment income in the insurance segment also beat consensus. KKR declared a dividend per share of $0.165. In July, KKR acquired Chase Corporation for approximately $1.3 billion.

Portfolio Pulse from Lekha Gupta

August 07, 2023 | 1:18 pm

DK

The board of Delek US Holdings has decided to increase the quarterly dividend from $0.23/share to $0.235/share, effective from August 4, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:06 am

APPL

BRK

Berkshire Hathaway's investment in Apple is set to yield significant dividends following Apple's strong Q2 performance. Apple announced a common stock dividend of $0.24 per share, which for Berkshire's 915,560,382 shares, equates to a dividend of $219.74 million. The fair value of Berkshire's Apple investment increased from $151 billion to $177.6 billion in Q2, potentially due to Apple's stock price increase or additional shares accumulated.

Portfolio Pulse from Shanthi Rexaline

August 06, 2023 | 2:16 pm

IEP

Carl Icahn Enterprises (NASDAQ:IEP) saw a historic 24% drop in its stock price following the announcement of a 50% cut in its quarterly distribution. The company has experienced a 50% drop since Hindenburg Research published a short report in May, alleging inflated asset values and borrowing from the company by Carl Icahn. This has resulted in a nearly $10 billion decrease in the company's market value.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 7:55 pm

TU

Telus Corp (NYSE: TU) reported Q2 FY23 revenues of $3.68 billion, missing the consensus of $3.69 billion. Total telecom subscriber connections grew 7% Y/Y to 18.5 million. Adjusted EPS was $0.14, down by 40.6% Y/Y, missing the consensus of $0.18. The company declared a dividend of C$0.3636, in line with the prior quarter. Telus expects FY23 operating revenue growth of 9.5%-11.5%, down from the prior 11%-14%.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 5:11 pm

EAF

GrafTech International Ltd. (NYSE:EAF) reported a Q2 sales decline of 49% YoY to $185.56 million, beating the consensus of $179.54 million. The decline was attributed to lower sales volume due to the suspension of operations in Monterrey, Mexico, and industry-wide softness in demand for graphite electrodes. The company also reported an adjusted EPS loss of $(0.02), missing the consensus of $(0.01). GrafTech has suspended its quarterly cash dividend of $0.01 per share and reduced its 2023 sales volume outlook due to ongoing softness in the commercial environment. EAF shares are trading lower by 23.54% at $3.99.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 4:46 pm

ITW

The Board of Directors of ITW (Illinois Tool Works Inc.) has approved a dividend rate increase of $0.09 per share, raising the annual dividend from $5.24 to $5.6 per share.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 4:16 pm

ASIX

AdvanSix Inc (ASIX) reported a Q2 FY23 sales decline of 27% Y/Y to $427.94 million, beating the consensus of $418.67 million. The sales decline was due to lower volume, unfavorable market-based pricing, and lower raw material pass-through pricing. Adjusted EPS was $1.25, down from $2.30 a year ago, beating the consensus of $1.11. The company declared a quarterly cash dividend of $0.16 per share, up 10% Q/Q. ASIX shares are trading lower by 0.96% at $39.00.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 3:51 pm

NHI

National Health Investors (NYSE:NHI) will distribute a dividend payout of $0.90 per share on August 04, 2023, equating to an annualized dividend yield of 7.27%. However, the company has seen a decrease in its dividend per share from $4.20 in 2019 to $3.60 in 2022, and a decrease in earnings per share from $5.44 to $4.48 over the same period. This suggests potential financial difficulties that could impact future dividend distributions.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:45 pm