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#Post#: 239--------------------------------------------------
These 4 Stocks Could Hike Dividends In March 2019
By: Khoa1221 Date: February 28, 2019, 5:07 am
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By Nathan Slaughter | February 26, 2019 |
S&P 500 companies have now posted healthy double-digit earnings
growth for five straight quarters -- maintaining a 20%-plus pace
for a few of those. While the first quarter of 2019 could fall
on either side of zero, full-year 2019 profits are expected to
climb another 5% over last year's record levels.
In short, it's been a good environment for dividend growth.
That's exactly what we like to see over at my premium
newsletter, High-Yield Investing.
As my premium subscribers know, I keep tabs on companies that
are likely to announce dividend hikes in the coming month and
share my findings in regular issues. And while the companies
mentioned may not end up being official portfolio
recommendations right away, it's always a good exercise that
could eventually lead to another long-term winner.
Here are four more prospects likely to reward investors with
increased payouts starting next month.
1. Air Products and Chemicals (NYSE: APD) -- APD is a leading
global supplier of industrial gases. The company provides
oxygen, nitrogen, and carbon dioxide, as well as rarer gases
such as neon and xenon. These products are marketed to many
fields including aerospace, food/beverage, metals fabrication,
and healthcare.
With stronger sales volumes and expanding margins, Air Products
has delivered 19 straight quarters of rising profits. Management
is expecting earnings to increase by 10% in fiscal 2019, paving
the way for yet another annual dividend hike -- the 37th in a
row.
With a healthy balance sheet and strong cash flows, the company
is lifting quarterly distributions to $1.16 per share. That's an
increase of 50% over the past five years.
2. Best Buy (NYSE: BBY) -- Best Buy posted a healthy 4.3%
increase in comparable store sales last quarter, citing strength
in mobile phones, gaming, and smart-home products. Management
promptly upped its 2019 outlook and is now anticipating earnings
growth of 15% to 17%.
The electronics retailer has come a long way from its days as a
mere "showroom" for internet shoppers. In fact, the firm's own
digital sales channel increased revenues by 12% last quarter to
$1.2 billion, thanks to stronger traffic and better conversion
rates. BBY has boosted dividends from $0.28 to $0.34 to $0.45
per share over the past two years, with step-ups in the March
quarter.
Given the brighter outlook, another could be on the way soon.
3. Vail Resorts (NYSE: MTN) -- Vail is the corporate parent of a
dozen winter playgrounds, including its namesake resort, along
with others such as Breckenridge, Colorado, Stowe, Vermont, and
Lake Tahoe's Heavenly. Aside from lift tickets and rentals
(which seem to get pricier every year), the company has a
lodging division that owns and manages thousands of slope-side
condos.
For a company associated with speeding downhill, Vail's
dividends have been rising at a steep trajectory. Over the last
five years, they have climbed to $1.47 per share from $0.41-- an
increase of more than 250%. A 17% increase in visitors so far
this season has driven revenues from lift tickets, ski school,
dining and retail all up by double-digits.
That bodes well for another dividend hike next month.
4. Colgate-Palmolive (NYSE: CL) -- This consumer staples giant
is best known for toothpaste, but its portfolio includes many
other household products such as soap, shampoo, deodorant, and
laundry detergent that get prominent placement on store aisles
in 200 countries. You might recognize some of its brands such as
Irish Spring and Speed Stick.
The company has one of the most dependable dividend track
records around. It hasn't missed an annual dividend payment
since Grover Cleveland was President in 1895. While growth is
limited in this mature industry, CL has been rewarding
stockholders with modest hikes each March and is likely to do so
again this year.
(This article originally appeared on StreetAuthority.com)
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