Streetbeat News

Dividends

LCSHF

Lancashire Holdings Ltd announced a special dividend and expects strong underwriting performance despite significant weather-related losses. The company estimates net losses from recent hurricanes and storms to be between $110 million and $140 million.

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November 06, 2024 | 10:45 am

ARCC

Ares Capital Corporation (ARCC) maintains a strong dividend yield of 9%, supported by robust net investment income and high-quality loan commitments. Despite potential challenges from lower short-term interest rates, ARCC's stock trades at a reasonable 6% premium to net asset value.

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November 06, 2024 | 10:30 am

CVX

Chevron has distributed a record $7.7 billion in cash to its investors in the last quarter, indicating strong shareholder returns. The company is expected to continue rewarding its shareholders generously.

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November 06, 2024 | 10:00 am

AOIFF

Africa Oil is set to complete its consolidation of Prime Oil & Gas in Nigeria, doubling production and enabling a de-risked 11.63% dividend yield. The stock is considered undervalued with potential upside.

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November 06, 2024 | 10:00 am

SDY

The SPDR S&P Dividend ETF (SDY) is a dividend-focused ETF with 133 holdings, a 2.31% yield, and a 0.35% expense ratio. Despite its diversification and attractive valuation ratios, SDY's dividend growth rate is underwhelming, and it has underperformed its parent index and other dividend-growth ETFs.

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November 06, 2024 | 9:45 am

TSM

Cliff Asness's AQR Capital Management has sold 92% of its stake in Taiwan Semiconductor, a major player in AI, and is investing in a high-yield dividend stock with a 9% yield.

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November 06, 2024 | 9:30 am

BCE

BCE Inc. offers a high dividend yield close to 10%, but its sustainability is in doubt due to high debt levels. The company's balance sheet is heavily leveraged from 5G investments and dividend funding, raising concerns about financial stability. The recent deal to acquire Ziply could benefit BCE in the long term but may impact near-term free cash flow.

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November 06, 2024 | 8:45 am

SITC

Five US REITs have suspended dividends in 2024, including SITE Centers Corp., while six others have reduced payouts. This contrasts with over a third of the industry raising dividends.

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November 06, 2024 | 7:45 am

GWW

W.W. Grainger is highlighted for its strong logistics, supply network, and financial security, making it attractive for dividend-focused investors. The company has a robust balance sheet, impressive capital allocation, and a reliable, increasing dividend.

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November 06, 2024 | 4:00 am