Streetbeat News

Dividends

LKFN

Lakeland Financial (NASDAQ:LKFN) has announced a quarterly dividend of 46 cents per share, payable on August 07, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning the stock by the end of Friday's session are eligible for the dividend.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 2:45 pm

KALU

Kaiser Aluminum (NASDAQ:KALU) has announced a quarterly dividend of 77 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 77 cents lower to reflect the payout. Shareholders who own KALU as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 15, 2023.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 2:45 pm

CNHI

GRIN

GTEC

TWI

ZIM

The article lists five value stocks in the industrials sector: Greenland Technologies (GTEC), Titan Intl (TWI), Grindrod Shipping Hldgs (GRIN), ZIM Integrated Shipping (ZIM), and CNH Industrial (CNHI). The companies have reported their recent earnings per share and dividend yields, with some experiencing increases and others decreases. The article notes that value stocks may take time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 2:41 pm

GCBC

Greene County Bancorp, Inc. (NASDAQ-GCBC) has announced a 14.3% increase in its annual cash dividend from $0.28 to $0.32 per share. The dividend for the quarter ending June 30, 2023, will be paid to shareholders of record as of August 14, 2023. The majority owner, Greene County Bancorp, MHC, which owns 54.1% of the company's shares, will not waive its right to receive these dividends.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:20 pm

NTRS

Northern Trust Corp reported a Q2 FY23 sales decline of 1.3% YoY to $1.76 billion, missing the analyst consensus. The EPS of $1.56 also missed the consensus estimate. Total noninterest expenses climbed 9% to $1.33 billion. The company declared $157.8 million in common stock dividends and repurchased $99.3 million of common stock in Q2. Total assets under custody/administration increased 5% YoY. The company's shares are trading higher by 8.78%.

Portfolio Pulse from Shivani Kumaresan

July 19, 2023 | 2:07 pm

NDAQ

Nasdaq, Inc. (NDAQ) reported a 4% Y/Y increase in Q2 revenue to $925 million, beating the consensus of $914.9 million. Adjusted EPS of $0.71 per share, up 3% Y/Y, also beat the Street view of $0.66. The company declared a regular quarterly dividend per share of $0.22. Nasdaq also disclosed an agreement to acquire Adenza from Thoma Bravo for $10.5 billion in cash and common shares. The company updated its 2023 non-GAAP operating expense guidance to $1.785 billion-$1.815 billion.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 1:29 pm

DIA

DOW

IBM

MMM

WBA

The Dow Jones Industrial Average has entered a bull market, attracting investors to its 30 components. The SPDR Dow Jones Industrial Average ETF (DIA) has seen three consecutive months of net inflows, amassing over $1.3 billion in the last three months. The Dow Jones components are trading at a more attractive multiple than those in the S&P 500 and Nasdaq 100. The top 5 high-dividend stocks in the Dow Jones Industrial Average are International Business Machines Corp. (IBM), Dow Inc. (DOW), 3M Company (MMM), Walgreens Boots Alliance, Inc. (WBA), and Verizon Communication, Inc. (VZ).

Portfolio Pulse from Piero Cingari

July 19, 2023 | 1:21 pm

CFG

Citizens Financial Group (NYSE:CFG) reported Q2 FY23 sales growth of 5% YoY to $2.09 billion, missing the analyst consensus of $2.10 billion. Adjusted net income was $531 million, down from $595 million last year. Adjusted EPS of $1.04 beat the analyst consensus of $1.01. The company declared a quarterly common stock dividend of $0.42 per share. CFG shares are trading lower by 0.38% at $29.00 premarket.

Portfolio Pulse from Shivani Kumaresan

July 19, 2023 | 12:40 pm

ATVI

MSFT

Microsoft and Activision Blizzard have extended the deadline to close their merger deal to October 18. In return for a higher termination fee, new commercial arrangements have been made. Additionally, Activision Blizzard's board has declared a $0.99 per share dividend.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:38 pm

ATVI

MSFT

Activision Blizzard has extended its merger agreement with Microsoft to October 18, 2023, in return for a higher termination fee and new commercial arrangements. Additionally, Activision Blizzard's board has declared a $0.99 per share dividend.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 12:37 pm