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Showing posts from May, 2021

7 Dividend Growth Stocks With Remarkably Consistent Earnings Growth

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  These dividend growth stocks have increased their earnings every year for at least ten years.   As a dividend growth investor, I highly value consistent earnings growth.   Consistent earnings growth gives a company options to grow the business, pay off debts, buy back shares, or pay dividends. Of course, I'm primarily interested in dividends, so I look for consistent dividend growth in addition to consistent earnings growth.   I consider dividend growth stocks to be stocks with increasing dividend payouts in each of the past five years. Dividend Radar tracks such stocks every week and publishes a comprehensive spreadsheet, downloadable for free, every Friday.   This article presents seven dividend growth stocks with remarkably consistent earnings growth over the past ten years.   For this article, I consider earnings growth to be consistent if a graph of the earnings over the past ten years increases monotonically. Here, monotonically increasing means that not

Notable Analyst Upgrades and Downgrades for Week of May 24, 2021

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  Upgrades:   Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by investment analysts at CIBC from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, The Fly reports. A number of other brokerages have also weighed in on CNI. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company increased their price objective on Canadian National Railway from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 27th. BMO Capital Markets dropped their target price on Canadian National Railway from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, March 22nd. Desjardins decreased their price target on shares of Canadian National Railway from $150.00 to $146.00 and set a “hold” rating on the stock in a research note on Thursday, January 28th. Finally, National Bank Financial r

7 Top Dividend Stocks Trading at a Discount Worth Snapping Up

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  Consistent payouts are highly coveted, no matter the economic environment   Finding reliable dividend stocks can seem difficult, considering several companies cut their dividends last year and continue to do so.   Moreover, well-established and impressive businesses with strong histories of dividend growth usually trade at a premium. Dividends smooth out returns in times of volatility and typically make up one-third of a stock’s long-term total returns. So, it’s not surprising that these companies are highly valued.   But what if you want to invest in a dividend payer without paying an exorbitant price? If that’s the case, this list should be right up your alley.   These companies are steady, reliable dividend payers. In addition, they have financials setting them apart from other stocks — the names that suffer from volatile share prices or less frequent payouts.     So, without further ado, let’s take a deep dive into some of the best dividend stocks that a

WP Carey Inc Bumps Dividend for 79 Consecutive Quarters

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  WPC Stock May Be the Best REIT Stock Out There   For income investors, it’s all about the dividends. That means finding a company that not only has a strong enough balance sheet to provide stable dividends, but a company that has a long history of raising its dividends. For income-starved investors who’ve seen their portfolios take a beating during the coronavirus pandemic, it might be time to put WP Carey Inc (NYSE:WPC) on the radar.   If you’re looking for a real estate investment trust (REIT) to help weather stock market volatility, WP Carey stock could be it.   In addition to being one of the largest net lease REITs on the planet, WP Carey has the distinction of having one of the best dividends anywhere. The company has raised its annual dividends for 23 consecutive years and has raised its quarterly dividends for 79 consecutive quarters. It currently pays an annual dividend of $4.19 per share, for a dividend yield of 5.6%.   It’s tough to argue with numbers like

Notable Analyst Upgrades and Downgrades for Week of May 17, 2021

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  Upgrades:   Cummins (NYSE:CMI) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Monday, The Fly reports. CMI has been the subject of several other reports. Jefferies Financial Group raised shares of Cummins from a “hold” rating to a “buy” rating and raised their target price for the company from $250.00 to $325.00 in a research note on Wednesday, March 10th. Robert W. Baird reaffirmed a “hold” rating on shares of Cummins in a report on Thursday, May 6th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on Cummins from $265.00 to $315.00 in a research note on Tuesday, March 16th. Vertical Research assumed coverage on Cummins in a report on Wednesday, January 20th. They set a “hold” rating for the company. Finally, Credit Suisse Group upped their price objective on Cummins from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, May 5th

7 Dividend-Paying Growth Stocks To Buy for the Best Of Both Worlds

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  It's tough to find excellent growth stocks that also pay high dividends, but this list has you covered   Despite the heavy economic toll, last year’s recession was one of the shortest in history. Due to quick action by the Federal Reserve, the stock markets have recovered handily from the novel coronavirus pandemic, and the first quarter was marked by intense price momentum for growth stocks.   However, despite a pretty quick economic recovery, dividend stocks suffered massive hits last year. Understandably, with businesses suffering due to prolonged lockdowns, companies had to make tough decisions, including dividend suspensions that could cause some hurt to income investors.   Now that the dust has settled, though, it seems that it’s a perfect time to look at the dividend stocks that weathered this storm and came out on top. Although the occasions were rare, there were several companies that not only maintained their payouts but boosted dividends. If that isn’t a ha

20 Dividend Stocks to Fund 20 Years of Retirement

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  Each of these high-quality dividend stocks yields roughly 4%, and you can expect them to grow their payouts even more. That's a powerful 1-2 combo for retirement income.   Once upon a time, if you were planning to retire, the traditional wisdom was the "4% rule." You withdraw 4% of your savings in the first year of retirement, followed by "pay raises" in each subsequent year to account for inflation. The idea is that, if you're invested in a mix of dividend stocks, bonds and even a few growth equities, your money should last across a 20-year retirement.   But the world looks much different today. Interest rates and bond yields are near historic lows, reducing future expected returns. Complicating retirement planning even further is the fact Americans are living longer than ever before.   If you're wondering how to retire without facing the uncomfortable decision of what securities to sell, or questioning whether you are at risk of outlivi

Notable Analyst Upgrades and Downgrades for Week of May 10, 2021

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  Upgrades:   NIKE (NYSE:NKE) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Tuesday, The Fly reports. The brokerage currently has a $192.00 target price on the footwear maker’s stock, up from their prior target price of $140.00. Jefferies Financial Group’s price objective indicates a potential upside of 40.76% from the stock’s current price. Other research analysts have also recently issued reports about the stock. Barclays reissued a “buy” rating and set a $174.00 target price on shares of NIKE in a research report on Friday, March 19th. Cowen boosted their target price on shares of NIKE from $170.00 to $173.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 23rd. Pivotal Research upped their price target on shares of NIKE from $160.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, March 16th. KeyCorp upped their price target on shares of NIKE fro

10 Ideal Dividend Stocks for Your Retirement

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  Dividend stocks remain an excellent way to grow your portfolio before and during retirement    In October 2020, I created a dividend ladder for an article I was writing about dividend stocks. The idea was to select a stock yielding 1%, 2%, 3%, all the way to 7% or beyond.   The thing is, you can’t always find good companies at precisely each of those yield points at a particular point in time, so you’ve got to maintain some flexibility.   The original seven dividend stocks have all performed well above my expectations over the past six months. However, I rarely recommend stocks for near-term gains. I almost always look out 3-5 years. That’s where the real money’s made.   I’ve been asked to write about 10 ideal dividend stocks for your retirement. I want to repeat my October exercise by creating a dividend ladder. Instead of listing my recommendations in ascending order, this time, I’ll go in descending order from 10% down to 1%.   Like I said earlier, I’ll do my b

Why Kinder Morgan Is a Good Pick for Value Investors

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  Prospects are improving and the 6% dividend yield is very attractive   Kinder Morgan Inc. (KMI, Financial) is a prominent energy infrastructure company in North America and is one of the largest operators of natural gas pipelines in the region.   When a polar vortex crippled the power grid in February and halted gas supplies, causing rates to skyrocket to unimaginable heights, gas and electricity sellers and distributors across Texas suffered billions of dollars in damages. Kinder Morgan and companies such as Comstock Resources Inc. (CRK, Financial), however, profited handsomely on the other side of the trade thanks to higher gas prices.   In addition to its North American business, the company is laying the groundwork to become a leading liquified natural gas exporter as well, which could pay lucrative returns in the future.   Even though there is an overall decrease in oil and natural gas consumption today, the expected recovery of the global economy in the second h

10 Super-Safe Dividend Stocks to Buy Now

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  Want to have your cake and eat it, too? Here are 10 safe dividend stocks that have a strong history of boosting cash payouts to shareholders.   Safe dividend stocks are like the equity investment world's version of having your cake and eating it, too: Not only do investors get a nice dividend payout every quarter, but they also participate in the stock's gains. If the stock price slides, the dividend is there to cushion the blow.   But how, exactly, does one determine whether a dividend is truly safe?   One place we like to look on occasion is the DIVCON system from investment firm Reality Shares, which analyzes stocks that pay a dividend among the largest U.S. companies. These are not your conventional choices; they weren't picked just for their dividend yield. Rather, these are the safest dividend stocks, rated highest for both potential future cash payouts and share price increases.   DIVCON (which stands for "dividend condition") uses seven

Magna International Inc. Provides More than Just Dividends

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  Why Magna Stock Could Be Special     When I first told Income Investors readers about Magna International Inc. (NYSE:MGA) in September 2017, I wrote that the company was “well-positioned to deliver rising payouts to shareholders.”   Magna did not disappoint. Back then, MGA stock had a quarterly dividend rate of $0.275 per share. Today, it’s at $0.43 per share, marking an increase of 56.4%.   But dividends aren’t the only thing Magna stock investors have collected over the years; the company’s share price has also shot up. Assuming automatic dividend reinvestment, the total returns from MGA stock since my 2017 article was published is now over 95%.   However you look at it, this is a unique company.   Magna comes from the automotive sector, which is known for being cyclical. And that cyclicality is not a good thing when it comes to dividend safety. For instance, in light of the COVID-19 pandemic, Ford Motor Company (NYSE:F) suspended its quarterly dividend in Mar

AbbVie- A High Dividend Opportunity

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  AbbVie (ABBV) is the seventh-largest pharmaceutical company on the globe in terms of revenue; the company is also a Dividend Aristocrat, having nearly a half-century of dividend growth to its credit.   Since splitting from Abbott Labs (ABT) in 2013, AbbVie has grown revenue by nearly 2.5 times, from $18.8 billion post-spin-off to nearly $46 billion this last fiscal year. Much of the growth was fueled by the blockbuster drug, Humira.   Therein lies the problem with an investment in the stock. As the number-one selling drug in 2020, Humira sales constituted the lion’s share of the firm’s revenue.   Combine that outsized contribution with the fact that Humira goes off-patent in the U.S. in 2023, and there is cause for concern.   At the same time, however, there are reasons to believe AbbVie is well-positioned for a future without Humira. The 2015 deal to acquire Pharmacyclics added blockbuster drug Imbruvica to the company’s portfolio.   A second acquisition last May