Streetbeat News

Dividends

JPM

PFE

Pfizer Inc (NYSE:PFE) is pursuing a candidate for a weight loss pill, marking its entry into the obesity drug market. This move has been criticized by JPMorgan Chase & Co (NYSE:JPM) analysts and SVB Securities. Despite this, Pfizer is continuing with its plan and its dividend yield stands at 4.6%. To earn $500 per month from dividends alone, an investment of approximately $130,435, or 3,661 shares, would be needed.

Portfolio Pulse from AJ Fabino

July 07, 2023 | 1:54 pm

ENR

KHC

TSN

The most accurate Wall Street analysts recommend holding three high-yielding stocks in the consumer staples sector: Energizer Holdings, Inc. (ENR), Tyson Foods, Inc. (TSN), and The Kraft Heinz Company (KHC). These stocks have dividend yields of 3.61%, 3.70%, and 4.46% respectively. Recent news includes Energizer's plan to invest $43 million in manufacturing in North Carolina, Tyson Foods reintroducing certain antibiotics into its chicken supply chain, and Kraft Heinz's long-term growth outlook of 2%-3% organic net sales growth.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 12:52 pm

LNN

Lindsay Corp (NYSE:LNN) has announced a 3% increase in its quarterly cash dividend to $0.35 per share, up from the previous rate of $0.34 per share. The dividend will be payable on August 31, 2023, to shareholders of record as of August 17, 2023. The new annual indicated rate is $1.40 per share. As of June 26, 2023, Lindsay Corporation had approximately 11.0 million shares outstanding and held $144.4 million in cash and equivalents as of May 31, 2023.

Portfolio Pulse from Shivani Kumaresan

July 07, 2023 | 12:13 pm

AAON

AAON has announced a 3-for-2 stock split, which will be paid in the form of a stock dividend.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 11:05 am

LNN

Lindsay Corporation has increased its quarterly cash dividend by 3% from $0.34 to $0.35 per share. The dividend will be payable on August 31, 2023, to shareholders of record at the close of business on August 17, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 10:48 am

SHEL

Shell PLC (NYSE:SHEL) has revised its Q2 2023 outlook across all its businesses. The company updated the production outlook for Integrated Gas and Upstream, and expects Trading & Optimisation results to be significantly lower Q/Q. Shell also revised sales volumes guidance for Marketing and anticipates the outlook for refinery utilization in Chemicals & Products. The company expects to release Q2 results on July 20, 2023. Last month, Shell announced a 15% increase in dividend per share and a share repurchase of at least $5 billion for H2 2023.

Portfolio Pulse from Lekha Gupta

July 07, 2023 | 9:29 am

CNX

IMPP

PRT

REPX

TTE

The article identifies five value stocks in the energy sector: Riley Exploration Permian (REPX), CNX Resources (CNX), TotalEnergies (TTE), Imperial Ptrl (IMPP), and PermRock Royalty Trust (PRT). The companies have seen changes in their earnings per share and dividend yields. The risk of investing in a value stock is that the emergence from its undervalued position may never materialize.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:48 pm

RLTY

Cohen & Steers Real (NYSE:RLTY) has announced a monthly dividend of 11 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own RLTY as of the end of Monday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:46 pm

RFI

Cohen & Steers Total (NYSE:RFI) has announced a monthly dividend of 8 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 8 cents lower to reflect the payout. Shareholders who own RFI as of the end of Monday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:46 pm

PTA

COHEN & STEERS TAX-ADV (NYSE:PTA) announced a monthly dividend of 13.4 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders owning PTA by the end of Monday's session will be eligible for the dividend, which will be paid out on July 31, 2023.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:46 pm