Streetbeat News

Dividends

BAC

T

AT&T Inc (NYSE:T) is currently trading near multi-decade lows, but there may be an opportunity for investors to capitalize on both potential capital appreciation and its dividends. AT&T's CFO Pascal Desroches recently reassured investors about the company’s financial health at the Bank of America Corp (NYSE:BAC) C-Suite Technology, Media and Telecommunications Conference. Desroches reiterated AT&T’s free cash flow target of $16 billion or more for 2023. The projected cash flow, combined with AT&T’s trading at near historic lows, may present an appealing opportunity for yield-seeking investors.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 6:27 pm

CCI

BMO Capital Markets analyst Ari Klein initiated coverage on Crown Castle Inc (NYSE:CCI) with an Underperform rating and a price target of $113. Despite CCI's strong position as a U.S. tower operator and potential for higher share of initial 5G deployments, Klein expects CCI's adjusted FFO/share to decline by 1.7% in 2024 and 1.3% in 2025, with minimal dividend growth. CCI's AFFO/share growth is expected to lag peers over the next few years.

Portfolio Pulse from Lekha Gupta

July 13, 2023 | 5:25 pm

KAMN

PKE

Kaman (NYSE:KAMN) is distributing a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 3.55%. The company has maintained a steady dividend per share of $0.80 from 2019 to 2022. However, Kaman's earnings per share decreased from $2.41 to $1.26 during the same period, which could impact its ability to sustain or increase its cash dividend payouts. Park Aerospace (NYSE:PKE) has the highest annualized dividend yield at 3.59% among its industry peers.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 3:06 pm

BHE

DSWL

Benchmark Electronics (NYSE:BHE) is set to deliver a dividend payout of $0.17 per share, equating to an annualized dividend yield of 2.69%. The company's dividend payout went ex-dividend on June 29, 2023. The company has seen an average increase in its dividend per share from $0.60 in 2019 to $0.66 in 2022. Earnings per share also increased from $1.46 to $1.99 during the same period. Benchmark Electronics finds itself in the middle ground among its industry peers in terms of dividend yield, with Deswell Indus (NASDAQ:DSWL) leading with a 7.75% yield.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 3:06 pm

CPF

WASH

Washington Trust Bancorp (NASDAQ:WASH) is set to distribute a dividend payout of $0.56 per share, resulting in an annualized dividend yield of 7.99%. This payout is for investors who held the stock before the ex-dividend date on June 30, 2023. The company has shown a steady increase in dividend per share and earnings per share from 2019 to 2022. It surpasses Central Pacific Financial (NYSE:CPF) with an annualized dividend yield of 6.44%.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 3:05 pm

VTR

Ventas (NYSE:VTR) is set to issue a dividend payout of $0.45 per share, resulting in an annualized dividend yield of 3.82%. However, the company has seen a decrease in both dividend per share and earnings per share from 2019 to 2022, which could indicate financial challenges that may impact future dividend payouts.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 3:05 pm

IMKTA

VLGEA

Ingles Markets (NASDAQ:IMKTA) will distribute a dividend payout of $0.17 per share on July 13, 2023, equating to an annualized dividend yield of 0.79%. The company has maintained a steady dividend per share of $0.66 from 2019 to 2022, indicating its commitment to providing stability to shareholders. Additionally, Ingles Markets has seen an increase in their earnings from $4.03 per share to $14.35 per share from 2019 to 2022, suggesting potential for increased cash dividend payouts if the trend continues.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 3:05 pm

ARLP

CVE

DINO

ET

PBF

The article provides an overview of value stocks in the energy sector, highlighting five companies: Alliance Res Partners (ARLP), Cenovus Energy (CVE), Energy Transfer (ET), PBF Energy (PBF), and HF Sinclair (DINO). All companies have seen changes in their earnings per share and dividend yields in the recent quarter.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:48 pm

CXE

Mfs High Inc Municipal (NYSE:CXE) has announced a monthly dividend of 1.25 cents per share. To be eligible for this dividend, shareholders must own the stock before the ex-dividend date, which is Tuesday. The dividend will be paid out on July 31, 2023.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:47 pm

MGF

MFS Government Markets (NYSE:MGF) has announced a monthly dividend of 2.09 cents per share. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Tuesday. The dividend will be paid out on July 31, 2023.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:46 pm