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CBIH

Cannabis Bioscience International Holdings (OTC: CBIH) has had its registration statement for the public offering of over 10 billion shares declared effective by the SEC. The company plans to use the proceeds to fund cannabis clinical trials using AI. Texas, where CBIH is based, maintains strict cannabis laws, but some cities are moving towards decriminalization. The article also promotes Benzinga PotProfits, highlighting recent gains in cannabis stocks and teasing upcoming stock picks.

Portfolio Pulse from Jelena Martinovic

December 15, 2023 | 3:09 pm

IJR

IWM

Following the Federal Reserve's indication of an end to its rate hike cycle, US small cap stocks have surged, with the Russell 2000 index reaching a 16-month high, up 6.8% since the announcement. The iShares Russell 2000 ETF (IWM) and the iShares Core S&P Small-Cap ETF (IJR) have also seen significant gains of 6.4% and 6.3% respectively. Small caps, which are more sensitive to interest rates due to typically higher debt levels, were previously oversold but have now outperformed large caps with a 22.4% rise since late October.

Portfolio Pulse from Neil Dennis

December 15, 2023 | 3:08 pm

ROKU

Roku's stock is trading lower following a downgrade by MoffettNathanson from Neutral to Sell, despite an increase in the price target from $64 to $66.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:08 pm

FLIC

MVBF

MVB Financial (NASDAQ:MVBF) is set to distribute a dividend of $0.17 per share with an annualized yield of 3.44%. The ex-dividend date was November 30, 2023. The company has shown a positive trend in dividend growth from $0.20 to $0.68 per share from 2019 to 2022, and earnings per share increased from $1.24 to $1.43 over the same period. First of Long Island (NASDAQ:FLIC) has the highest annualized dividend yield in the industry at 6.36%.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 3:05 pm

BTI

VGR

Vector Group (NYSE:VGR) is distributing a dividend of $0.20 per share today, with an annualized yield of 7.46%. The dividend is available to shareholders who owned the stock before the ex-dividend date of November 30, 2023. The company's dividend per share has decreased from $1.60 in 2019 to $0.80 in 2022, while earnings per share have grown from $0.82 to $0.92 over the same period. This suggests a shift in focus towards reinvesting profits for growth rather than dividend distribution. Vector Group's dividend yield is mid-range compared to industry peers like British American Tobacco (NYSE:BTI), which has a yield of 9.35%.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 3:05 pm

AMNB

WASH

American National (NASDAQ:AMNB) is distributing a dividend of $0.30 per share today, with an annualized yield of 2.79%. The dividend went ex-dividend on November 30, 2023. The company has shown a positive trend in dividend per share and earnings per share from 2019 to 2022, indicating strong financial health. Washington Trust Bancorp (NASDAQ:WASH) has the highest annualized dividend yield among peers at 6.81%.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 3:05 pm

HAYN

METCB

Haynes Intl (NASDAQ:HAYN) will pay a dividend of $0.22 per share on December 15, 2023, with an annualized yield of 1.76%. Shareholders as of November 30, 2023, will be eligible. The company has consistently paid the same dividend since 2019, and its earnings per share have grown from $0.77 in 2019 to $3.58 in 2022, indicating financial health and potential for future dividend increases. Haynes Intl's dividend yield is moderate compared to industry peers, with Ramaco Resources (NASDAQ:METCB) leading at 8.55% yield.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 3:05 pm

CBRL

MCD

McDonald's (NYSE:MCD) is set to pay a dividend of $1.67 per share on December 15, 2023, with an annualized yield of 2.62% for shareholders recorded before November 30, 2023. The company has shown a positive trend in dividend growth from $4.73 in 2019 to $5.66 in 2022 and an increase in earnings per share from $7.91 in 2019 to $9.74 in 2022, indicating financial health and potential for future dividend increases. Cracker Barrel Old (NASDAQ:CBRL) has the highest annualized dividend yield at 6.52% among industry peers.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 3:05 pm

ATOM-USD

Cosmos Hub's cryptocurrency, ATOM, has seen a price decrease of 3.47% in the last 24 hours, now at $11.11, despite a 6.0% increase over the past week. The trading volume rose by 19.0%, and the circulating supply slightly increased by 0.08%, reaching 292.59 million. ATOM's market cap is currently ranked #25, valued at $3.25 billion.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 3:03 pm

COST

Raymond James analyst Bobby Griffin has maintained an Outperform rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $580 to $670, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:02 pm