The Virtus InfraCap U.S. Preferred Stock ETF (PFFA) pays a monthly dividend of $0.1725 per share, translating to a 9.9% forward yield on a $21 share price. It invests in U.S. preferred stocks, which are hybrid securities between bonds and equities, and uses about 20.5% leverage to boost income. The portfolio focuses on high-yield sectors like financial institutions, mortgage REITs, and utilities, balancing higher risk with investment-grade issuers. Despite some call risk that could reduce yields over time, the fund has consistently raised distributions since 2020 and shows a stable payout outlook for the next year. Investors seeking high monthly income with moderate risk may find PFFA attractive, while those preferring less volatility might consider unlevered alternatives with lower yields.
Enovis has lowered its price target to $27 from $30 following its binding offer to acquire eCential Robotics for €155 million. This acquisition aims to strengthen Enovis's position in surgical robotics and enhance its ASTRA technology ecosystem. Desp...
Citigroup reaffirmed its Buy rating on NIO but lowered the price target from $8.20 to $7.10 due to NIO's second-quarter deliveries and revenue missing company guidance and a third-quarter outlook below Wall Street estimates. Despite a 49.4% year-over...
Yum! Brands recently sold its Pizza Hut division and CEO Christopher Lee Turner sold shares amid legal scrutiny. The company is under investigation by Pomerantz LLP for possible securities fraud following a food safety crisis linked to a cyclosporias...
Dell Technologies reported quarterly revenue of $46.97 billion and earnings per share of $7.04, both surpassing analyst expectations. The company's growth is fueled by strong demand in its AI server business, supported by a substantial $51 billion or...
Analyst BTIG upgraded Medtronic to a Buy rating and raised its price target to $100, citing strong Q1 FY2027 revenue of $9.76 billion driven by broad demand. The company is investing over $700 million in Heart Tech and Robotics, signaling a focus on ...
