The dog days of summer are almost over. And the fall is perhaps the best time of year for sports fans. The pennant race in baseball heats up, college football stadiums fill up with fans on Saturdays, and pro football kicks off throughout the week.
But as investors, we also know that the fall is also one of the best times for dividend hikes. That makes it the perfect time to take a look for stocks that could hike their dividends soon.
Each month, over at my High-Yield Investing premium newsletter, I make a point to screen for stocks that are likely put more cash in your pocket. It’s part of my job. Ideally, I’m looking for hikes that could happen over the next four to six weeks. I also highlight noteworthy special distributions on the horizon.
We don’t do this just for fun. In a perfect scenario, we find great ideas for consideration in our premium portfolio… Companies posting outsized double-digit increases, and reliable dividend-payers that have been steadily growing payouts for a decade or more. I flag these stocks first for my premium readers so that they can research them and get a head start. Then, I share them with the public.
Best Dividend Stocks To Own Right Now: 3M Company(MMM)
3M Company, together with subsidiaries, operates as a diversified technology company worldwide. The company?s Industrial and Transportation segment offers tapes, coated and non-woven abrasives, adhesives, specialty materials, filtration products, energy control products, closure systems for personal hygiene products, acoustic systems products, and components and products that are used in the manufacture, repair, and maintenance of automotive, marine, aircraft, and specialty vehicles. Its Health Care segment provides medical and surgical supplies, skin health and infection prevention products, inhalation and transdermal drug delivery systems, dental and orthodontic products, health information systems, and food safety products. The company?s Display and Graphics offers optical film solutions for LCD electronic displays; computer screen filters; reflective sheeting for transportation safety; commercial graphics sheeting and systems; and mobile interactive solutions, includin g mobile display technology, visual systems products, and computer privacy filters. The company?s Consumer and Office segment provides office supply products, stationery products, construction and home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. Its Safety, Security and Protection Services segment offers personal protection products, safety and security products, cleaning and protection products for commercial establishments, track and trace solutions, and roofing granules for asphalt shingles. The company?s Electro and Communications segment provides packaging and interconnection devices; fluids that are used in the manufacture of computer chips, and for cooling electronics and lubricating computer hard disk drives; high-temperature and display tapes; insulating materials, including tapes and resins; and related items. The company was founded in 1902 and is based in St. Paul, Minnesota.
- [By Thomas Niel]
At today’s prices, that gives GE stock a forward price-to-earnings (P/E) ratio of around 24.5. That’s in line with the valuation of a similar name, Honeywell (NASDAQ:HON), which trades at 23.9 forward earnings. But other diversified industrial companies trade at even lower valuations, such as 3M (NYSE:MMM), which has a forward P/E ratio of 16.9.
- [By Tezcan Gecgil]
We should also emphasize that including dividend growers in portfolios has meant less short-term volatility for investors. Most notable dividend stocks include vital businesses with consistent demand, regardless of the current economic cycle.
Dividend Stocks: 3M (MMM) Source: Ken Wolter / Shutterstock.com
52 week range: $156.13 — $208.95
- [By Bret Kenwell]
Now, let’s dive in and take a closer look at each one.
Income Stocks to Buy: 3M Co (MMM)
Source: JPstock / Shutterstock.com
- [By Bob Ciura]
These companies have an average dividend growth streak of almost 56 years and competitive advantages that should allow them to grow their payments to shareholders for years to come, making them core holdings in our view.
Retirement Dividend Stocks: 3M Company (MMM) Source: JPstock / Shutterstock.com
In the nearly 120 years that the company has been in business, 3M has gone from a small mining venture to a leading industrial conglomerate. The company has four business segments, including safety and industrial, healthcare, consumer, and transportation and electronics. 3M has a market capitalization of $113 billion and generated revenue of nearly $35 billion over the last year.
Best Dividend Stocks To Own Right Now: Telefonica SA(TEF)
Telefonica, S.A. provides fixed and mobile telephony services primarily in Spain, rest of Europe, and Latin America. Its fixed telecommunication services include PSTN lines; ISDN accesses; public telephone; local, domestic, and international long distance and fixed-to-mobile communications; corporate communications; video telephony; supplementary and business-oriented value-added services; network services; leasing and sale of handset equipment; and telephony information services. The company?s Internet and broadband multimedia services comprise Internet service provider service; portal and network services; retail and wholesale broadband access; narrowband switched access to Internet; naked ADSL, a broadband connection; residential-oriented value-added services; companies-oriented value-added services; television services, such as IPTV, cable television, and satellite television; and Fiber to the Home, a service for high speed Internet access and digital video recording. Its data and business-solutions services principally include leased lines; virtual private network services; fiber optics services; the provision of hosting and application; outsourcing and consultancy services; desktop services; and system integration and professional services. The company?s wholesale services for telecommunication operators primarily comprise domestic interconnection services; international wholesale services; leased lines for other operators? network deployment; local loop leasing under the unbundled local loop regulation framework; and bit stream services. It also offers various mobile and related services and products that include mobile voice services, value added services, mobile data and Internet services, wholesale services, corporate services, roaming, fixed wireless, and trunking and paging services. The company has a strategic alliance with China Unicom (Hong Kong) Limited. Telefonica, S.A. was founded in 1924 and is headquartered in Madrid, Spai n.
- [By ]
American Tower greatly expanded its cell tower network in early 2021 by acquiring Telxius Tower, which owns 31,000 cell towers and 3,300 sites under construction concentrated in Germany, Spain and Latin America. Through this purchase, American Tower also expands its relationship with an important tenant, Telefonica (TEF), and gains immediate FFO accretion.
- [By Logan Wallace]
Telefonica (NYSE:TEF) and TELE2 AB/ADR (OTCMKTS:TLTZY) are both utilities companies, but which is the superior stock? We will compare the two businesses based on the strength of their risk, earnings, profitability, institutional ownership, dividends, analyst recommendations and valuation.
Best Dividend Stocks To Own Right Now: Nucor Corporation(NUE)
Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot and cold-rolled sheet steel; plate steel; structural steel comprising wide-flange beams, beam blanks, and sheet piling; and bar steel, such as blooms, billets, concrete reinforcing bar, merchant bar, and special bar quality products. The Steel Products segment offers steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, light gauge steel framing, steel grating and expanded metal, and wire and wire mesh products. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal products. The company?s operations also include various international trading companies that buy and sell steel and steel products. It sells its hot-rolled steel and cold-rolled steel to steel service centers, fabricators, and manufacturers; steel joists and joist girders, and steel deck to general contractors and fabricators; and cold finished steel and steel fasteners to distributors and manufacturers. The company?s products are used by contractors in constructing highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums, and high-rise buildings. Nucor Corporation was founded in 1940 and is based in Charlotte, North Carolina.
- [By Alex Sirois]
Their consensus target stock price is $233.49, 10.2% above current levels. That’s a nice return to aspire to and there’s safety even if it doesn’t quite reach those levels.
Nucor (NUE) Source: Shutterstock
Let’s begin by discussing Nucor’s price appreciation this year because it’s been quite phenomenal. In 2021 alone NUE stock has increased in price from $52 to $120. That’s exceptional for any class of stock, and unheard of among the dividend class.
- [By ]
This makes steelmakers like Nucor Corporation (NYSE: NUE) attractive investment opportunities.
NUE is the largest diversified steel and steel products company in North America. The company has 25 scrap-based steel mills with annual production capacity of 27 million tons. Nucor accounts for about 26% of American steel production with almost 71% of its steel from recycled content. That makes the company attractive to sustainable investment funds who will also like the fact that NUE accounts for about 7.5% of the industry’s greenhouse gas emissions, much lower than its market share and an indicator of the company’s commitment to sustainable production.
Best Dividend Stocks To Own Right Now: PPL Corporation(PPL)
PPL Corporation, an energy and utility holding company, generates and sells electricity; and delivers natural gas to approximately 5.3 million utility customers primarily in the northeastern and northwestern U.S. The company operates in four segments: Kentucky Regulated, International Regulated, Pennsylvania Regulated, and Supply. The Kentucky Regulated segment engages in the generation, transmission, distribution, and sale of electricity; and the distribution and sale of natural gas to approximately 1.3 million customers in Kentucky, Virginia, and Tennessee. The International Regulated segment owns and operates electricity distribution businesses in the United Kingdom that deliver electricity to 7.7 million customers. The Pennsylvania Regulated segment delivers electricity to approximately 1.4 million customers in eastern and central Pennsylvania. The Supply segment owns and operates power plants to generate electricity using coal, uranium, natural gas, oil, and water res ources; markets and trades electricity and other purchased power to wholesale and retail markets; and acquires and develops domestic generation projects. It controls or owns a portfolio of generation assets of approximately 11,000 megawatts in Montana and Pennsylvania. As of December 31, 2010, the company?s distribution system included 649 substations with a capacity of 25 million kVA, 28,838 circuit miles of overhead lines, and 24,131 cable miles of underground conductors in the United Kingdom. It also operated 377 substations with a capacity of 31 million kVA, 33,122 circuit miles of overhead lines, and 7,368 cable miles of underground conductors in Pennsylvania. The company was founded in 1920 and is headquartered in Allentown, Pennsylvania.
- [By ]
The average dividend yield for S&P 500 stocks is 2.5%. Each one of the top 20 stocks in the XLU sector is greater than average. PPL Corp. (NYSE: PPL) is over twice that.
- [By Shane Hupp]
PPL (NYSE:PPL) and IDACORP (NYSE:IDA) are both utilities companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, earnings, risk, valuation, profitability and analyst recommendations.
- [By Joseph Griffin]
PNC Financial Services Group Inc. cut its holdings in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 10.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 74,320 shares of the pipeline company’s stock after selling 9,133 shares during the period. PNC Financial Services Group Inc.’s holdings in Pembina Pipeline were worth $2,205,000 as of its most recent filing with the Securities and Exchange Commission.
Best Dividend Stocks To Own Right Now: Littelfuse Inc.(LFUS)
Littelfuse, Inc. designs, manufactures, and sells circuit protection devices for use in the automotive, electronic, and electrical markets in the Americas, Europe, and the Asia-Pacific. The company offers electronic circuit protection products, such as fuses and protectors, positive temperature coefficient resettable fuses, varistors, polymer electrostatic discharge suppressors, discrete transient voltage suppression diodes, TVS diode arrays and protection thyristors, gas discharge tubes, and power switching components, as well as fuseholders, blocks, and related accessories under PICO II, and NANO2 SMF, TECCOR, SIDACtor, and Battrax brand names. It offers its electronic circuit protection products for use in wireless telephones, consumer electronics, computers, modems, telecommunications equipment, telephones, data transmission lines, and alarm systems. The company also provides automotive fuses that are used in automobiles, trucks, buses, and off-road equipment to protec t electrical circuits and the wires that supply electrical power to operate lights, heating, air conditioning, radios, windows, and other controls, as well as offers fuses for the protection of electric and hybrid vehicles. It markets its automotive fuse products under ATO, MINI, MAXI, MIDI, MEGA, MasterFuse, JCASE, and CablePro brand names. In addition, Littelfuse manufactures various low-voltage and medium-voltage circuit protection products, such as power fuses that are used in the protection from over-load and short-circuit currents in motor branch circuits, heating and cooling systems, control systems, lighting circuits, and electrical distribution networks to electrical distributors and their customers in the construction, original equipment manufacturers, and industrial maintenance and repair and operating supplies markets. Littelfuse sells its products through direct sales force and manufacturers? representatives. The company was founded in 1927 and is headquartered in Chicago, Illinois.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Littelfuse (LFUS)
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- [By Joseph Griffin]
Littelfuse, Inc. (NASDAQ:LFUS) – Research analysts at Barrington Research reduced their Q3 2019 earnings estimates for Littelfuse in a research note issued to investors on Thursday, January 31st. Barrington Research analyst G. Prestopino now forecasts that the technology company will post earnings per share of $2.76 for the quarter, down from their prior forecast of $2.81. Barrington Research has a “Hold” rating on the stock. Barrington Research also issued estimates for Littelfuse’s Q4 2019 earnings at $2.35 EPS, Q2 2020 earnings at $2.91 EPS and FY2020 earnings at $10.63 EPS.
Best Dividend Stocks To Own Right Now: Raytheon Company(RTN)
Raytheon Company, together with its subsidiaries, provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications, and intelligence systems, as well as mission support services in the United States and internationally. It operates in six segments: Integrated Defense Systems, Intelligence and Information Systems, Missile Systems, Network Centric Systems, Space and Airborne Systems, and Technical Services. The Integrated Defense Systems segment provides integrated naval, air, and missile defense and civil security response solutions. The Intelligence and Information Systems segment offers intelligence, surveillance and reconnaissance, advanced cyber solutions, weather and environmental solutions, and information-based solutions for law enforcement and homeland security. The Missile Systems segment develops and produces weapon systems, including missiles, smart munitions, close-in weapon systems, projectiles, kinetic kill vehicles, and directed energy effectors for the armed forces of the U.S. and other allied nations. The Network Centric Systems segment provides net-centric mission solutions, including integrated communications systems, command and control systems, combat systems, and operations and precision components for the U.S. federal, state, and local government customers, as well as civil customers. The Space and Airborne Systems segment designs and develops integrated systems and solutions for missions, including intelligence, surveillance, and reconnaissance; precision engagement; unmanned aerial operations; and space. The Technical Services segment provides training, logistics, engineering, product support, and operational support services for the mission support, homeland security, space, civil aviation, counterproliferation, and counterterrorism markets. Raytheon Company was founded in 1922 and is based in Waltham, Massachusetts.
- [By Max Byerly]
Get a free copy of the Zacks research report on Raytheon (RTN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Lou Whiteman]
The THAAD system is designed to shoot down short- and medium-range ballistic missiles on their descent. The Lockheed-manufactured system with Raytheon (NYSE:RTN) radars attracted attention in the last year as the primary U.S. deterrent to North Korean rockets over the Pacific. It’s also a potential deterrent to Iran, which is why the system is of interest to both Saudi Arabia and Israel among other U.S. allies in the region.
- [By Reuben Gregg Brewer]
Shares of Raytheon (NYSE:RTN) rose 13% in February according to data provided by S&P Global Market Intelligence. It was a continuation of a trend for the military industrial company, which gained roughly 21% in the first two months of the year. That February gain, meanwhile, easily outpaced the performances of some of its largest peers. But the news driving it really started in January.