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TPX

Raymond James analyst Bobby Griffin has reaffirmed a Strong Buy rating on Tempur Sealy Intl (NYSE:TPX) and increased the price target from $45 to $58, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:16 pm

BX

Blackstone (NYSE:BX) has announced the acquisition of Tricon Residential (TSX:TCN) for $3.50 billion in cash, expected to be completed in Q2 of 2024. Blackstone is a major alternative asset manager with over $1 trillion in assets under management, while Tricon Residential is a rental housing company with approximately 36,000 properties in the US and Canada.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:10 pm

KSPI

Trading for the IPO security KSPI was halted but has now resumed as of 10:10:00 AM ET.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:10 pm

PWOD

UBFO

United Security (NASDAQ:UBFO) has declared a dividend of $0.12 per share with an annualized yield of 5.59%, payable on January 19, 2024, to shareholders of record as of January 3, 2024. The company has shown a positive trend in dividend growth from $0.44 to $0.47 per share from 2020 to 2023 and an increase in earnings per share from $0.52 to $1.16 over the same period. This suggests a strong financial health and potential for future dividend increases. Penns Woods Bancorp (NASDAQ:PWOD) is mentioned as having the highest annualized dividend yield at 6.14% among industry peers.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:05 pm

HLIO

KMT

Helios Technologies (NYSE:HLIO) maintains a steady dividend payout of $0.09 per share, with an annualized yield of 0.89%. The company has shown consistent dividend payments over the years and has experienced earnings growth from $2.18 to $2.75 per share from 2020 to 2023. Kennametal (NYSE:KMT) has the highest annualized dividend yield among industry peers at 3.29%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:05 pm

FLIC

FNLC

First Bancorp (NASDAQ:FNLC) is set to distribute a dividend of $0.35 per share with an annualized yield of 5.00%. The dividend is for shareholders recorded before January 5, 2024. The company has shown a positive trend in dividend per share growth from $1.23 in 2020 to $1.39 in 2023, and earnings per share growth from $2.46 in 2020 to $2.89 in 2023. First Bancorp's financial health suggests a strong position to sustain dividends, with a yield that is competitive within the industry, though not the highest, as First of Long Island (NASDAQ:FLIC) has a higher yield at 6.85%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:05 pm

EMR

PLPC

Preformed Line Products (NASDAQ:PLPC) is distributing a dividend of $0.20 per share today, with an annualized yield of 0.61%. The company has maintained a steady dividend per share of $0.80 from 2020 to 2023, reflecting stability for shareholders. Earnings have grown from $6.53 to $14.67 per share over the same period, indicating potential for future dividend increases. Emerson Electric (NYSE:EMR) has a higher dividend yield at 2.24% among industry peers.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:05 pm

HBNC

HTBK

Horizon Bancorp (NASDAQ:HBNC) is distributing a dividend of $0.16 per share with an annualized yield of 4.70%. The dividend is for shareholders who held the stock before January 04, 2024. The company has shown a positive trend in dividend per share growth from $0.48 in 2020 to $0.64 in 2023, and earnings per share growth from $1.42 in 2020 to $1.69 in 2023, indicating a strong financial health and commitment to enhancing shareholder value. Heritage Commerce (NASDAQ:HTBK) has the highest annualized dividend yield in the industry at 5.59%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:05 pm

ATOM-USD

Cosmos Hub's cryptocurrency, ATOM, has seen a 3.0% decrease in price over the last 24 hours, settling at $9.7. This drop is part of a larger downtrend over the past week, with a 6.0% overall decline from $10.36. The trading volume for ATOM has decreased by 31.0%, while the circulating supply has increased by 0.56%, reaching 383.38 million. Currently, ATOM's market cap is ranked #24, valued at $3.72 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:03 pm

XLMUSD

Stellar's cryptocurrency (XLM) experienced a 3.66% price drop over the past 24 hours, continuing a negative trend with a 9% loss over the week. The trading volume has decreased by 36%, while the circulating supply increased by 0.37%. Stellar's market cap ranking is currently #27, valued at $3.21 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:02 pm