McDonald’s Initiates a Dividend, Seagate Gets An Upgrade, and 3 More Hot Stocks
McDonald’s (NYSE:MCD): The company has declared $0.77 per share quarterly dividend, in line with its previous payouts. It has a forward yield of 3.03 percent, for shareholders on record June 3. It is payable on June 17, with an ex-dividend date of May 30.
Seagate Technology (NASDAQ:STX): Deutsche Bank analyst Sherri Scribner has upgraded shares of Seagate (Scribner is particularly fond of HDD positions), awarding the company a Buy from Hold and raises the price target to $46 from $40. “We expect the benefits of more moderate prices, coupled with the discipline enabled by consolidation to continue for the industry and expect Seagate and Western Digital (NYSE:WDC) to continue to outperform the overall market,” she said in her note.
Celgene (NASDAQ:CELG): The company has issued a press release stating that the FDA has granted a priority review to the company’s NDA for the supplemental use of ABRAXANE alongside gemcitabine, for patients suffering from advanced pancreatic cancer.
The Gap, Inc. (NYSE:GPS): Gap has declared a $0.15 per share quarterly dividend, in line with its previous payouts. It has a forward yield 1.46 percent, for shareholders on record July 10. It is payable July 31, with an ex-dividend date of July 8.
Medtronic Inc. (NYSE:MDT): Medtronic has announced that it has received approval for VIV procedures using CoreValve and CoreValve Evolut TAVI systems in degenerated bioprosthetic surgical aortic valves. Significantly, it is the first VIV procedure to be approved, and now offers a less invasive method of care for at-risk patients.
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