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The Zacks Analyst Blog Highlights KB Home, Interactive Brokers Group, Qualcomm and Johnson & Johnson

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For Immediate Release

Chicago, IL – April 24, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: KB Home (KBH - Free Report) , Interactive Brokers Group, Inc. (IBKR - Free Report) , Qualcomm Inc. (QCOM - Free Report) and Johnson & Johnson (JNJ - Free Report) .

Here are highlights from Tuesday’s Analyst Blog:

4 Stocks to Watch on Their Recent Dividend Hikes

Markets have returned to Wall Street and stocks have been taking a beating as uncertainty over rate cuts and geopolitical tensions in the Middle East are denting investors' confidence.

On Apr 19, the Nasdaq and the S&P 500 recorded their sixth straight session of declines. Tech stocks, which have been driving the rally since last year, are the worst sufferers.

Inflation has started escalating again after declining sharply in 2023, which had raised hopes that the Federal Reserve would soon start rate cuts. The Federal Reserve has also hinted at least three rate cuts by the end of this year.

However, the consumer price index (CPI) rose 3.5% year over year in March and 0.4% sequentially. Although the Federal Reserve still plans to cut rates this year, it has not given a timeline for the first rate cut.

Investors are now expecting the first rate cut in June but the Fed is unlikely to initiate it unless it is confident that inflation is declining sharply.

Also, the recent tensions between Iran and Israel, wherein Iran chared a barrage of drones and missiles on Israel, followed by a retaliatory attack by the Israeli Defense Force, has raised fresh fears of a large-scale war.

Stocks to Watch

Amid such circumstances, investors seeking to safeguard their portfolios may find dividend-yielding stocks to be an attractive option. It's advisable to consider stocks that have recently boosted their dividend payouts.

Four such stocks are KB Home, Interactive Brokers Group, Inc., Qualcomm Inc. and Johnson & Johnson.

KB Home is a well-known homebuilder in the United States and one of the largest in the state. KBH's Homebuilding operations include building and designing homes that cater to first-time, move-up and active adult homebuyers on acquired or developed lands. KB Home also builds attached and detached single-family homes, townhomes and condominiums. KBH sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

On Apr 18, KB Home declared that its shareholders would receive a dividend of $0.25 a share on May 23, 2024. KBH has a dividend yield of 1.31%. Over the past five years, KB Home has increased its dividend five times, and its payout ratio at present sits at 11% of earnings.CheckKB Home's dividend history here.

Interactive Brokers Group, Inc. operates as an automated global electronic market maker and broker. IBKR specializes in routing orders, besides executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on more than 150 electronic exchanges and market centers worldwide.

On Apr 16, Interactive Brokersannounced that its shareholders would receive a dividend of $0.25 a share on Jun 14, 2024. IBKR has a dividend yield of 0.36%. Over the past five years, Interactive Brokershas increased its dividend once, and its payout ratio at present sits at 7% of earnings.CheckInteractive Brokers' dividend history here.

Qualcomm Inc. designs, manufactures and markets digital wireless telecom products and services based on the Code Division Multiple Access technology. QCOM's products include CDMA-based integrated circuits and system software for wireless voice and data communications as well as global positioning system products. QUALCOMMalso offers development and other product-related services to U.S. government agencies and their contractors.

On Apr 12, Qualcomm declared that its shareholders would receive a dividend of $0.85 a share on Jun 20, 2024. QCOM has a dividend yield of 2.03%. Over the past five years, QUALCOMMhas increased its dividend five times, and its payout ratio at present sits at 46% of earnings.CheckQUALCOMM'sdividend history here.

Johnson & Johnson operates through pharmaceuticals and medical devices divisions. JNJ has more than 275 subsidiaries, which clearly means that the business is extremely well diversified. Johnson & Johnson's diversification helps it to withstand economic cycles more effectively. JNJ has 26 platforms with more than $1 billion in annual sales.

On Apr 16, Johnson & Johnson announced that its shareholders would receive a dividend of $1.24 a share on Jun 4, 2024. JNJ has a dividend yield of 3.22%. Over the past five years, Johnson & Johnson has increased its dividend six times, and its payout ratio at present sits at 46% of earnings.CheckJohnson & Johnson's dividend history here.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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