Streetbeat News

Dividends

AMGN

DEM

EWH

NVS

RIO

SNN

TTE

Morgan Stanley has adjusted its dividend portfolio, adding Rio Tinto and Smith & Nephew, while removing Amgen and the iShares MSCI Hong Kong ETF. The bank is also increasing weights in TotalEnergies and the WisdomTree Emerging Markets High Dividend Fund, while reducing its weight in Novartis. The new portfolio composition suggests a focus on companies with strong balance sheets, resilience during challenging economic periods, and exposure to regions with potential for economic rebound and growth.

Portfolio Pulse from AJ Fabino

June 29, 2023 | 5:03 pm

GLOP

KOS

LBRT

PNRG

The article identifies PrimeEnergy Resources (PNRG), SM Energy (SM), Kosmos Energy (KOS), Liberty Energy (LBRT), and GasLog Partners (GLOP) as notable value stocks in the energy sector. It provides their P/E ratios and recent changes in earnings per share and dividend yields. The article also notes that value stocks may take time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 2:48 pm

AYI

Acuity Brands, Inc reported a 5.7% YoY decline in Q3 FY23 net sales to $1.0 billion, missing the consensus of $1.05 billion. However, its adjusted EPS of $3.75 beat the consensus of $3.71. The company also completed the acquisition of KE2 Therm and continued to repurchase its shares. Despite the sales decline, the company expanded its adjusted operating profit margin and generated strong cash flow from operations.

Portfolio Pulse from Anusuya Lahiri

June 29, 2023 | 2:03 pm

CGC

Canopy Growth Corporation has sold its fifth facility since April 2023, generating proceeds of $61 million. The company anticipates a total of $150 million from facility divestitures by September 30, 2023. The divestitures are part of the company's transformation to an asset-light, North American focused cannabis business and aim to improve liquidity and support the path to profitability.

Portfolio Pulse from Vuk Zdinjak

June 29, 2023 | 12:40 pm

CGC

Canopy Growth Corporation has announced the sale of its facility in Modesto, CA, marking the fifth facility sale since April 1, 2023, for a total of CAD$81 million. The company anticipates generating up to CAD$150 million from facility divestitures by September 30, 2023. These actions align with the company's transformation to an asset-light, North American focused cannabis business and aim to strengthen its financial position.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 12:11 pm

GBX

Greenbrier Companies Inc (NYSE:GBX) reported Q3 FY23 sales growth of 30.8% YoY to $1.04 billion, beating the analyst consensus. Adjusted EPS of $1.02 also beat the consensus of $0.58. The company recorded new railcar orders for 4,600 units valued at $650 million, and deliveries of 6,600 units. The board increased the quarterly dividend by 11% to $0.30 per share and repurchased 1.2 million shares of stock for $32 million. Greenbrier raised its FY23 revenue outlook to $3.8 billion – $3.90 billion.

Portfolio Pulse from Shivani Kumaresan

June 29, 2023 | 11:37 am

KRO

METC

SBSW

Three high-yielding dividend stocks in the materials sector have been highlighted by Wall Street's most accurate analysts. These include Kronos Worldwide, Inc. (KRO), Sibanye Stillwater Limited (SBSW), and Ramaco Resources, Inc. (METC). Recent analyst ratings and price targets for these stocks have been provided, along with recent news such as quarterly results and operating updates.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 10:37 am

GBX

The board of Greenbrier has decided to increase its quarterly dividend by 11% from $0.27 to $0.30 per share. The dividend will be payable on August 8, 2023, to shareholders of record as of July 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:10 am

UBFO

United Security Bancshares (NASDAQ:UBFO) has increased its quarterly cash dividend from $0.11 to $0.12 per share. The dividend will be payable on July 24, 2023, to shareholders of record as of July 10, 2023.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 8:03 pm

DSS

DSS shares are trading higher following the announcement of a record and distribution date for the Impact Biomedical spinoff special dividend.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:09 pm