Streetbeat News

Dividends

FIF

First Trust Energy Infr (NYSE:FIF) has announced a monthly dividend of 10 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 10 cents lower. Shareholders who own FIF as of the end of Monday's session are eligible to receive the dividend payout. The dividend will be paid out on August 15, 2023.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:45 pm

FTHY

FIRST TRUST HIGH YIELD (NYSE:FTHY) has announced a monthly dividend of 13 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely trade lower to reflect the payout. Shareholders owning the stock by the end of Monday's session are eligible for the dividend, which will be paid out on August 25, 2023.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:45 pm

CPLP

Capital Product Partners (NASDAQ:CPLP) has announced a quarterly dividend of 15 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own CPLP as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 08, 2023.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:45 pm

GLP

KRP

MRO

REPX

YPF

Benzinga Insights has identified five value stocks in the energy sector that may be worth watching: Kimbell Royalty Partners (KRP), YPF (YPF), Marathon Oil (MRO), Riley Exploration Permian (REPX), and Global Partners (GLP). All these companies have seen a decrease in earnings per share this quarter, with varying changes in their dividend yields.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:39 pm

VLO

Valero Energy Corp reported Q2 2023 revenues of $34.5 billion, beating the consensus of $34.37 billion. However, operating income fell significantly to $2.8 billion from $6.2 billion a year ago. The company repurchased shares worth $951 million and paid dividends worth $367 million. The company's cash and equivalents stood at $5.1 billion at the end of Q2. VLO shares are trading lower by 0.74% at $125.25.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 2:15 pm

HSY

Hershey Co (NYSE:HSY) reported Q2 FY23 sales growth of 5% YoY to $2.49 billion, slightly missing the consensus of $2.50 billion. The company's North America Confectionery segment net sales rose 4.4% YoY, and International segment sales increased 8.5%. Gross margin expanded to 45.5%, and gross profit rose 13.2% YoY. Adjusted EPS of $2.01 beat the analyst consensus of $1.91. The company also announced a 15% increase in quarterly dividends. Hershey raised its FY23 adjusted EPS growth outlook and expects net sales growth of 8%.

Portfolio Pulse from Shivani Kumaresan

July 27, 2023 | 1:51 pm

ACCO

SBLK

SCS

Three industrial stocks with high dividend yields have been highlighted by Wall Street's most accurate analysts. Steelcase Inc. (SCS) has a dividend yield of 4.83%, ACCO Brands Corporation (ACCO) has a yield of 5.22%, and Star Bulk Carriers Corp. (SBLK) has a yield of 8.05%. All three companies have recently reported better-than-expected financial results.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 12:34 pm

BCS

Barclays PLC (NYSE:BCS) shares are down by around 4% after the company reported Q2 2023 results. Total income fell 6% Y/Y to £6.3 billion, with operating expenses rising 21% Y/Y. The company saw growth in Barclays UK income (+14% Y/Y) but a decline in Barclays International (-13% Y/Y). The bank disclosed H1 2023 dividend of 2.7p and a share buyback worth £750 million. For 2023, BCS continues to expect loan loss rate of 50-60bps and return on tangible equity of above 10%.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 12:26 pm

SHEL

Shell PLC (NYSE:SHEL) reported Q2 2023 revenues of $74.6 billion, missing the consensus of $79.2 billion. Adjusted EBITDA declined 37% Y/Y to $14.4 billion due to lower oil and gas prices, refining margins, volume decline, and lower LNG trading & optimization results. The company announced a $3 billion share repurchase program, scheduled for November 2, 2023, and expected to be completed by Q3 2023 results. Shell also disclosed a Q2 interim dividend of $0.331, up 15%, payable on September 18, 2023.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 11:24 am

HSY

The Hershey Company (HSY) has announced a 15% increase in its quarterly dividends to $1.192 per share for Common Stock and $1.083 for Class B Common Stock. The dividends were declared on July 26, 2023, and will be payable on September 15, 2023, to stockholders of record as of August 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:18 am