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Showing posts from July, 2022

Dividend Increases: Week 30 (Part 1)

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  In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list)   Recently, 25 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. This is the first part of the week’s notifications.   The table below summarises the dividend change announcements.   The table shows the current dividend, the new dividend and the percentage increase (%). Dividends are shown on an annual basis and in US dollars unless otherwise stated. Yield is the new dividend yield of the most recent price, and Years is the years of consecutive dividend increases.

Notable Analyst Upgrades and Downgrades for Week of July 25 2022

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Upgrades: Raymond James upgraded shares of Travelers Companies (NYSE:TRV) from a market perform rating to a strong-buy rating in a report released on Monday morning, MarketBeat.com reports. They currently have $185.00 price objective on the insurance provider’s stock. Several other analysts also recently commented on the stock. Wells Fargo & Company upped their price target on shares of Travelers Companies from $172.00 to $180.00 and gave the company an equal weight rating in a research report on Tuesday, April 12th. Wolfe Research reiterated a peer perform rating on shares of Travelers Companies in a research report on Thursday, June 23rd. StockNews.com downgraded shares of Travelers Companies from a buy rating to a hold rating in a research report on Saturday, July 16th. The Goldman Sachs Group downgraded shares of Travelers Companies from a neutral rating to a sell rating and cut their price objective for the stock from $190.00 to $170.00 in a research report on Friday, June 3rd

A Through Comparison of Exxon Mobil vs. Chevron

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  The energy sector has outperformed the S&P 500 Index by an impressive margin this year thanks to the rally of oil and gas prices to multi-year highs. While the S&P 500 Index has shed about 20% this year, the Energy Select Sector SPDR ETF (XLE) has rallied 23% as of this writing. As a result, investors are flocking to energy companies Exxon Mobil (XOM) and Chevron (CVX). In this article, we will compare the two oil giants, XOM vs. CVX, in several aspects.   Exxon Mobil (XOM) and Chevron (CVX) are the only two oil producers that are Dividend Aristocrats. Therefore they are among the most popular oil companies in the income-oriented and dividend growth investing communities.   Since the onset of the coronavirus crisis, the shift from fossil fuels to clean energy sources has accelerated. Consequently, oil producers have drastically reduced their investments in growth projects, and the oil market has become exceptionally tight.     The situation has become much w

7 Dividend Stocks Trading at a Huge Discount Right Now

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  Strong dividend bearing stocks can still be found at discounted prices        Dividend stocks have enjoyed an uptick in popularity over the past few months. Most pundits, myself included, would argue that there’s a massive buying opportunity afoot currently. The S&P 500 fell into bear market territory which is affecting market perceptions. Again, while there is a lot of fear, that creates opportunity. For one, the official entry into a bear market is likely to push prices down farther. This is advantageous for dividend stocks because their yield will rise as price falls assuming dividends aren’t decreased. That is very attractive to investors who are often lured in by momentarily higher yields. That sudden demand can raise overall prices. Then the dividend yield comes down as price rises. It’s important to remember that the dividend payment remains the same while this occurs. The stock price, though, rises. And that’s one of the main reasons to consider these dividend stocks

Dividend Increases: Week 29

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  In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list)   Recently, 14 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period.   The table below summarises the dividend change announcements.   The table shows the current dividend, the new dividend and the percentage increase (%). Dividends are shown on an annual basis and in US dollars unless otherwise stated. Yield is the new dividend yield of the most recent price, and Years is the years of consecutive dividend increases.           The Goldman Sachs Group, Inc. (GS) The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Co

Notable Analyst Upgrades and Downgrades for Week of July 18 2022

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  Upgrades:   Berenberg Bank upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a sell rating to a hold rating in a research report report published on Monday, Marketbeat.com reports. They currently have $120.00 price objective on the financial services provider’s stock. JPM has been the subject of several other research reports. The Goldman Sachs Group set a $151.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Thursday, April 14th. Citigroup raised shares of JPMorgan Chase & Co. from a neutral rating to a buy rating and reduced their price objective for the stock from $145.00 to $135.00 in a research report on Tuesday, July 12th. Jefferies Financial Group reduced their price objective on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a hold rating for the company in a research report on Monday, July 11th. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $148.