Streetbeat News

Dividends

UWMC

The annual consumer inflation fell to 3% in June, leading to a positive reaction in stocks. Traders revised their expectations for Federal Reserve rate hikes, which would be beneficial for UWM Holdings Corp (NYSE:UWMC). UWM's shares are up nearly 76% year-to-date, with a 6.72% dividend yield. To earn $500 a month from UWM, an investor would need to invest $89,286 or 14,980 shares.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 12:23 pm

FAST

Fastenal Company (NASDAQ:FAST) reported Q2 sales growth of 5.9% Y/Y to $1.88 billion, slightly missing the consensus of $1.89 billion. The company's gross profit margin contracted to 45.5% from 46.5% a year ago due to a less favorable customer and product mix and higher overhead expenses. Q2 EPS of $0.52 missed the consensus of $0.53. The company declared a dividend per share of $0.35. FAST shares are trading lower by 2.93% at $57.01 premarket.

Portfolio Pulse from Lekha Gupta

July 13, 2023 | 11:51 am

AULT

IMHC

Ault Alliance, Inc. (NYSE:AULT) announces a second distribution related to securities of Imperalis Holding Corp. (OTC:IMHC), also known as TurnOnGreen, Inc. Stockholders of Ault Alliance will receive 15 shares of TurnOnGreen common stock and warrants to purchase 15 shares of TurnOnGreen common stock for each share of Ault Alliance they own. The market value of the 15 shares of TurnOnGreen common stock would result in a dividend of approximately $0.37 per share.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:35 am

MDRR

Medalist Diversified REIT (MDRR) board has approved the negotiation of sale of its interests in four properties from its portfolio. The company is also exploring opportunities that might include mergers, investments, or other strategic combinations. The board has also approved the temporary suspension of dividends.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 9:02 pm

R

Ryder System has announced an increase in its quarterly cash dividend from $0.62 to $0.71.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:33 pm

BSET

Bassett Furniture Industries (BSET) has increased its quarterly dividend from $0.16 to $0.18 per share.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:27 pm

HRZN

Horizon Tech Finance (NASDAQ:HRZN) announced it will pay shareholders a monthly dividend of 11 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 11 cents lower. Shareholders who own HRZN as of the end of Friday'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 12, 2023 | 2:46 pm

SOR

Source Capital (NYSE:SOR) has announced a monthly dividend of 20.83 cents per share, which will be paid out to shareholders on July 31, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 20.83 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:46 pm

SRV

Cushing MLP & Infr Total (NYSE:SRV) has announced a monthly dividend of 45 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 45 cents lower. Shareholders owning the stock by the end of Friday's session will be eligible for the dividend, which will be paid out on July 31, 2023.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:45 pm

AYI

Acuity Brands (NYSE:AYI) announced it will pay a quarterly dividend of 13 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 13 cents lower to reflect the payout. Shareholders owning AYI by the end of Friday's session are eligible for the dividend, which will be paid on August 01, 2023.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:45 pm