Streetbeat News

Dividends

DSS

DSS Inc. has announced the distribution date for the previously announced stock dividend of Impact BioMedical Inc. Shareholders of DSS Inc. on record as of July 10, 2023, will receive four shares of Impact BioMedical Inc. for every one share of DSS. The distribution will occur on August 8, 2023. The shares will not be eligible for resale until 180 days from the date Impact BioMedical’s initial public offering becomes effective.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:54 pm

DOW

IFF

SMG

Three materials stocks with over 3% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Dow Inc (DOW) with a dividend yield of 5.03%, International Flavors & Fragrances Inc. (IFF) with a yield of 3.80%, and The Scotts Miracle-Gro Company (SMG) with a yield of 3.74%. Recent news for these companies include a Q2 FY23 sales decline for DOW, projected FY23 sales for IFF, and a Q2 sales decrease for SMG.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 12:42 pm

DAN

Dana Inc (NYSE:DAN) reported Q2 FY23 sales growth of 6.3% YoY to $2.748 billion, slightly above the consensus of $2.74 billion. The increase was driven by higher market demand, cost-recovery actions, and conversion of sales backlog. Adjusted EPS was $0.37, beating the consensus of $0.17. The company raised its FY23 outlook and declared a dividend of $0.10 per share. Dana's shares are trading higher by 0.64% at $18.93.

Portfolio Pulse from Akanksha Bakshi

July 28, 2023 | 4:42 pm

WPC

W.P. Carey Inc (WPC) reported a Q2 2023 revenue increase of 31.4% Y/Y to $452.6 million, beating the consensus of $442.4 million. Real Estate revenues rose 33.1% Y/Y to $452.2 million. The company raised the quarterly dividend per share to $1.069 from $1.067 in the prior quarter. WPC narrowed AFFO per share guidance to $5.32 and $5.38 from $5.30-$5.40 in 2023. WPC shares are trading higher by 0.03% at $71.39.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 4:37 pm

BAH

Booz Allen Hamilton Holding Corp reported Q1 revenue growth of 18% YoY to $2.65 billion, beating the consensus of $2.51 billion. Adjusted EPS of $1.47 also topped the consensus of $1.25. The company declared a regular quarterly dividend of $0.47 per share. It reiterated FY24 Outlook, expecting sales growth to 7% - 11% and an adjusted EPS of $4.80–$4.95.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 4:33 pm

MCD

McDonald's Corp (NYSE:MCD) is known for serving up consistent dividends to its shareholders, currently offering a 2.05% dividend yield, translating to around $6.08 per share annually. The company's recent earnings report exceeded Street estimates, with strong sales recovery in China and increased U.S. visits. McDonald's also reported an $18 million expenditure on corporate restructuring, including layoffs and buyouts.

Portfolio Pulse from AJ Fabino

July 28, 2023 | 4:15 pm

DSWL

MEI

Methode Electronics (NYSE:MEI) is set to deliver a dividend payout of $0.14 per share, equating to an annualized dividend yield of 1.51%. The company's dividend payout went ex-dividend on July 13, 2023. The company has seen a notable growth in its dividend per share from 2019 to 2022, but a decrease in earnings per share over the same period. Deswell Indus (NASDAQ:DSWL) leads the industry with the highest annualized dividend yield at 7.84%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:05 pm

ARR

TWO

Two Harbors Inv (NYSE:TWO) will issue a dividend payout of $0.45 per share, resulting in an annualized dividend yield of 13.01%. The company's dividend yield falls in the middle range compared to its industry peers, with ARMOUR Residential REIT (NYSE:ARR) having the highest annualized dividend yield at 18.50%. However, Two Harbors Inv has seen a decrease in dividend per share and earnings per share from 2019 to 2022, indicating potential financial strain and raising concerns about the sustainability of their dividend distribution.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:05 pm

EGBN

PFC

Eagle Bancorp (NASDAQ:EGBN) will distribute a dividend payout of $0.45 per share on July 28, 2023, equating to an annualized dividend yield of 8.56%. The company's dividend per share has increased from $0.88 in 2020 to $1.75 in 2022, and its earnings per share have also increased from $4.44 to $5.08 during the same period. Eagle Bancorp's dividend yield is higher than that of its industry peer, Premier Financial (NASDAQ:PFC), which has an annualized dividend yield of 5.65%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:05 pm

BUSE

SASR

First Busey (NASDAQ:BUSE) is set to distribute a dividend payout of $0.24 per share, translating to an annualized dividend yield of 4.65%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.84 to $0.92. Additionally, earnings per share have also increased from $2.11 to $2.32 during the same period. Sandy Spring Bancorp (NASDAQ:SASR) leads the industry with the highest annualized dividend yield at 5.54%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:05 pm