Streetbeat News

Dividends

AEL

BAM

BN

BNRE

Brookfield Reinsurance Ltd (BNRE) has agreed to acquire American Equity Investment Life Holding (AEL) for approximately $4.3 billion. AEL shareholders will receive $55.00 per share, a premium of 35% to the closing price as of June 23, 2023. The merger is expected to be completed in the first half of 2024, with AEL shares being delisted from the NYSE. AEL has also agreed to suspend the payment of dividends on its common stock through the closing of the transaction.

Portfolio Pulse from Akanksha Bakshi

July 05, 2023 | 2:20 pm

CCOI

IPG

NXST

Benzinga has highlighted three high-yielding stocks in the communication services sector recommended by Wall Street's most accurate analysts. These include Cogent Communications Holdings, Inc. (NASDAQ:CCOI) with a dividend yield of 5.56%, The Interpublic Group of Companies, Inc. (NYSE:IPG) with a yield of 3.21%, and Nexstar Media Group, Inc. (NASDAQ:NXST) with a yield of 3.24%. Recent news for these companies include weaker-than-expected Q1 results for Cogent, better-than-expected Q1 earnings for Interpublic, and a new carriage dispute for Nexstar.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 11:35 am

SYT

SYLA Technologies Co Ltd (NASDAQ:SYT) has reiterated its 2023 financial guidance and plans to boost dividends per share. The company expects revenues between $183.7 million and $198.6 million, operating income between $6.3 million and $7.3 million, and EPS between $10.11 and $12.18. SYT plans to double its dividend per share to $1.04, with a long-term target of a dividend payout of 30% of net income. The company's shares closed lower by 0.55% at $7.18 on Monday.

Portfolio Pulse from Lekha Gupta

July 05, 2023 | 11:09 am

NEWT

NewtekOne (NASDAQ:NEWT) has announced a quarterly dividend of 18 cents per share, payable on July 21, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 18 cents lower. Shareholders owning NEWT as of the end of Thursday's session are eligible for the dividend.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 2:46 pm

CMCT

Creative Media (NASDAQ:CMCT) has announced a quarterly dividend of 8.5 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 8.5 cents lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on July 24, 2023.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 2:46 pm

MKC

McCormick & Co (NYSE:MKC) has announced a quarterly dividend of 39 cents per share, payable on July 24, 2023. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 2:46 pm

GIS

General Mills (NYSE:GIS) has announced a quarterly dividend of 59 cents per share, payable on August 01, 2023. The stock will go ex-dividend on Friday, 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 04, 2023 | 2:45 pm

UBFO

United Security (NASDAQ:UBFO) has announced a quarterly dividend of 12 cents per share, payable on July 24, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 12 cents lower. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 2:45 pm

MU

Micron Technology (NASDAQ:MU) has announced a quarterly dividend of 11.5 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 11.5 cents lower. Shareholders owning MU by the end of Thursday's session will be eligible for the dividend, which will be paid out on July 25, 2023.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 2:45 pm

PKBK

Parke Bancorp (NASDAQ:PKBK) has announced a quarterly dividend of 18 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 18 cents lower. Shareholders who own PKBK as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on July 24, 2023.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 2:45 pm