Streetbeat News

Dividends

FLIC

First of Long Island (NASDAQ:FLIC) announced it will pay a quarterly dividend of 21 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 21 cents lower. Shareholders owning FLIC as of the end of Monday's session are eligible for the dividend, which will be paid out on July 20, 2023.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:45 pm

RA

Brookfield Real Assets (NYSE:RA) has announced a monthly dividend of 19.9 cents per share, to be paid out on July 26, 2023. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:45 pm

BAC

Bank of America Corp (BAC) shares are trading lower due to overall market selling pressure. The bank announced plans to increase its dividend by 9%, pending board approval. The labor market remains tight, increasing the likelihood of more interest rate hikes from the Fed this year. BofA is set to report its Q2 financial results on July 18.

Portfolio Pulse from Adam Eckert

July 06, 2023 | 2:39 pm

CWH

FRG

GPS

Benzinga has highlighted three consumer discretionary stocks with high dividend yields, as recommended by Wall Street's most accurate analysts. These include Franchise Group, Inc. (FRG) with a dividend yield of 8.74%, Camping World Holdings, Inc. (CWH) with a yield of 8.41%, and The Gap, Inc. (GPS) with a yield of 6.75%. Recent news for these companies include FRG's acquisition by a management-led consortium, CWH's acquisition of Crain RV, and GPS's better-than-expected Q1 adjusted EPS results.

Portfolio Pulse from Lisa Levin

July 06, 2023 | 1:16 pm

AQN

Starboard Value LP has sent a letter to Algonquin Power & Utilities Corp. suggesting a sale of all or a substantial majority of the company's unregulated renewables business. Starboard believes this move could accelerate efforts to delever, lower the dividend payout ratio, and restore investor confidence. The firm also provided specific suggestions to guide Algonquin's publicly disclosed review process for the unregulated renewables business.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 1:02 pm

BAC

Bank Of America Corp (NYSE:BAC) has announced plans to increase its quarterly dividend by 9%, from 22 cents per share to 24 cents per share, starting in the third quarter. The dividend increase is yet to be approved by the company's board. The bank is set to report its Q2 financial results on July 18, with expected earnings of 85 cents per share on quarterly revenue of $25.16 billion.

Portfolio Pulse from Adam Eckert

July 05, 2023 | 9:10 pm

BAC

Bank of America has announced a plan to increase its quarterly dividend by 9% from $0.22 to $0.24 per share. The company is currently in discussions with the Federal Reserve to understand differences between the Federal Reserve's CCAR results and Bank of America's Dodd-Frank Act stress test results.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:47 pm

BAC

Bank of America has announced plans to increase its quarterly common stock dividend from $0.22 per share to $0.24 per share starting in Q3 2023. The increase is subject to approval from the company's Board of Directors. The bank is also in discussions with the Federal Reserve regarding differences between the Federal Reserve's CCAR results and Bank of America's Dodd-Frank Act stress test results.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:46 pm

MPW

Shares of Medical Properties Trust Inc (NYSE:MPW) have risen over 13% in the past month following a positive presentation at Nareit’s annual REITweek Investor Conference. The company announced it secured $1.4 billion in transactions, including hospital sales and loan repayments, covering its debt maturities for 2023 and 2024. This has increased investor confidence in the company's financial stability and its high dividend yield of 12%.

Portfolio Pulse from AJ Fabino

July 05, 2023 | 7:53 pm

ALX

SLG

VNO

Vornado Realty Trust (VNO), a New York-based REIT, has seen significant volatility in its stock price due to various factors including the impact of COVID-19, inflation, Federal Reserve interest rate hikes, and changes in workforce habits. The company's stock price plunged from $53 to $22 during the pandemic, rebounded to $43 by June 2021, and then fell to lows near $12. Recently, the stock has climbed back up to about $18. Rumors of a large activist investor getting involved in Vornado Realty have also been circulating. The company has suspended its dividend payments until the end of 2023 and announced a $200 million stock repurchase. Vornado Realty also owns a 32.4% interest in Alexander’s Inc. (ALX) and has been impacted by the sale of a 49.9% stake in 245 Park Ave. by SL Green Realty Corp. (SLG).

Portfolio Pulse from Ethan Roberts

July 05, 2023 | 3:49 pm