We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
5 Stocks With Recent Dividend Hike for a Stable Portfolio
Read MoreHide Full Article
Wall Street completed a two-month-long impressive bull run from mid-June to mid-August after finishing a highly disappointing five-month downtrend from mid-January to mid-June. However, volatility has reappeared in U.S. stock markets to some extent in the second half of August.
Near-Term Concerns
This year’s summer rally has faced hurdles as market participants remain concerned about Fed’s near-term policies and the trajectory of the Fed Fund rate’s movement. Despite initial signs of a decline, in absolute term, inflation remained elevated.
Investors remained cautious about the Aug 25-27 scheduled annual Jackson Hole Symposium of the Fed. Although no decision on interest rate hike will be taken in the meeting, the central bank will provide an important indication regarding its near-term policy prescription. This year, policies will be centered around mounting inflation.
Moreover, the U.S. GDP contracted in the first two quarters of 2022. Consumer and business spending levels are softening. Our latest estimate suggests that total earnings of the S&P 500 Index will rise 1.9% in third-quarter 2022, implying a sharp fall from 7.2% projected at the beginning of July.
Stocks in Focus
At this stage, investors should remain cautious and stay invested in dividend-paying stocks to safeguard their portfolios. We believe one should consider stocks that have recently raised their dividend payments. Five such companies are — Lam Research Corp. (LRCX - Free Report) , Intuit Inc. (INTU - Free Report) , Cable One Inc. (CABO - Free Report) , LyondellBasell Industries N.V. (LYB - Free Report) and United Community Banks Inc. (UCBI - Free Report) .
Lam Research supplies wafer fabrication equipment and services to the semiconductor industry. LRCX’s products are used by semiconductor manufacturers in front-end and WLP processes, memory, microprocessors, and other logic integrated circuits for a broad range of electronic devices. The company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
On Aug 25, 2022, Lam Research declared that its shareholders would receive a dividend of $1.725 per share on Oct 5, 2022. LRCX has a dividend yield of 1.44%. Over the past 5 years, Lam Research has increased its dividend five times, and its payout ratio presently stays at 18% of earnings. Check LRCX’s dividend history here.
Intuit is a business and financial software company that develops and markets financial, accounting and tax preparation software and related services for small businesses, retail consumers and accounting professionals globally. The company carries a Zacks Rank #3.
On Aug 23, 2022, Intuit declared that its shareholders would receive a dividend of $0.78 per share on Oct 18, 2022. INTU has a dividend yield of 0.67%. Over the past 5 years, Intuit has increased its dividend six times, and its payout ratio presently stays at 28% of earnings. Check INTU’s dividend history here.
Cable One is a cable multi-service operator providing internet, cable TV and telephone service primarily in the United States. CABO offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks and local community programming including governmental and public access. The company carries a Zacks Rank #3.
On Aug 19, 2022, Cable One declared that its shareholders would receive a dividend of $2.85 per share on Sep 16, 2022. CABO has a dividend yield of 0.9%. Over the past 5 years, Cable One has increased its dividend five times, and its payout ratio presently stays at 19% of earnings. Check CABO’s dividend history here.
LyondellBasell Industries is among the leading plastics, chemical and refining companies globally with operations across 18 countries. LYB’s products are used across various industries, including electronics, automotive parts, packaging, construction materials and biofuels. The company carries a Zacks Rank #3.
On Aug 19, 2022, LyondellBasell Industries declared that its shareholders would receive a dividend of $1.19 per share on Sep 6, 2022. LYB has a dividend yield of 5.22%. Over the past 5 years, LyondellBasell Industries has increased its dividend four times, and its payout ratio presently stays at 26% of earnings. Check LYB’s dividend history here.
United Community Banks operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. UCBI carries a Zacks Rank #3.
On Aug 18, 2022, United Community Banks declared that its shareholders would receive a dividend of $0.22 per share on Oct 5, 2022. UCBI has a dividend yield of 2.44%. Over the past 5 years, United Community Banks has increased its dividend10 times, and its payout ratio presently stays at 32% of earnings. Check UCBI’s dividend history here.
Image: Bigstock
5 Stocks With Recent Dividend Hike for a Stable Portfolio
Wall Street completed a two-month-long impressive bull run from mid-June to mid-August after finishing a highly disappointing five-month downtrend from mid-January to mid-June. However, volatility has reappeared in U.S. stock markets to some extent in the second half of August.
Near-Term Concerns
This year’s summer rally has faced hurdles as market participants remain concerned about Fed’s near-term policies and the trajectory of the Fed Fund rate’s movement. Despite initial signs of a decline, in absolute term, inflation remained elevated.
Investors remained cautious about the Aug 25-27 scheduled annual Jackson Hole Symposium of the Fed. Although no decision on interest rate hike will be taken in the meeting, the central bank will provide an important indication regarding its near-term policy prescription. This year, policies will be centered around mounting inflation.
Moreover, the U.S. GDP contracted in the first two quarters of 2022. Consumer and business spending levels are softening. Our latest estimate suggests that total earnings of the S&P 500 Index will rise 1.9% in third-quarter 2022, implying a sharp fall from 7.2% projected at the beginning of July.
Stocks in Focus
At this stage, investors should remain cautious and stay invested in dividend-paying stocks to safeguard their portfolios. We believe one should consider stocks that have recently raised their dividend payments. Five such companies are — Lam Research Corp. (LRCX - Free Report) , Intuit Inc. (INTU - Free Report) , Cable One Inc. (CABO - Free Report) , LyondellBasell Industries N.V. (LYB - Free Report) and United Community Banks Inc. (UCBI - Free Report) .
Lam Research supplies wafer fabrication equipment and services to the semiconductor industry. LRCX’s products are used by semiconductor manufacturers in front-end and WLP processes, memory, microprocessors, and other logic integrated circuits for a broad range of electronic devices. The company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
On Aug 25, 2022, Lam Research declared that its shareholders would receive a dividend of $1.725 per share on Oct 5, 2022. LRCX has a dividend yield of 1.44%. Over the past 5 years, Lam Research has increased its dividend five times, and its payout ratio presently stays at 18% of earnings. Check LRCX’s dividend history here.
Lam Research Corporation Dividend Yield (TTM)
Lam Research Corporation dividend-yield-ttm | Lam Research Corporation Quote
Intuit is a business and financial software company that develops and markets financial, accounting and tax preparation software and related services for small businesses, retail consumers and accounting professionals globally. The company carries a Zacks Rank #3.
On Aug 23, 2022, Intuit declared that its shareholders would receive a dividend of $0.78 per share on Oct 18, 2022. INTU has a dividend yield of 0.67%. Over the past 5 years, Intuit has increased its dividend six times, and its payout ratio presently stays at 28% of earnings. Check INTU’s dividend history here.
Intuit Inc. Dividend Yield (TTM)
Intuit Inc. dividend-yield-ttm | Intuit Inc. Quote
Cable One is a cable multi-service operator providing internet, cable TV and telephone service primarily in the United States. CABO offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks and local community programming including governmental and public access. The company carries a Zacks Rank #3.
On Aug 19, 2022, Cable One declared that its shareholders would receive a dividend of $2.85 per share on Sep 16, 2022. CABO has a dividend yield of 0.9%. Over the past 5 years, Cable One has increased its dividend five times, and its payout ratio presently stays at 19% of earnings. Check CABO’s dividend history here.
Cable One, Inc. Dividend Yield (TTM)
Cable One, Inc. dividend-yield-ttm | Cable One, Inc. Quote
LyondellBasell Industries is among the leading plastics, chemical and refining companies globally with operations across 18 countries. LYB’s products are used across various industries, including electronics, automotive parts, packaging, construction materials and biofuels. The company carries a Zacks Rank #3.
On Aug 19, 2022, LyondellBasell Industries declared that its shareholders would receive a dividend of $1.19 per share on Sep 6, 2022. LYB has a dividend yield of 5.22%. Over the past 5 years, LyondellBasell Industries has increased its dividend four times, and its payout ratio presently stays at 26% of earnings. Check LYB’s dividend history here.
LyondellBasell Industries N.V. Dividend Yield (TTM)
LyondellBasell Industries N.V. dividend-yield-ttm | LyondellBasell Industries N.V. Quote
United Community Banks operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. UCBI carries a Zacks Rank #3.
On Aug 18, 2022, United Community Banks declared that its shareholders would receive a dividend of $0.22 per share on Oct 5, 2022. UCBI has a dividend yield of 2.44%. Over the past 5 years, United Community Banks has increased its dividend10 times, and its payout ratio presently stays at 32% of earnings. Check UCBI’s dividend history here.
United Community Banks, Inc. Dividend Yield (TTM)
United Community Banks, Inc. dividend-yield-ttm | United Community Banks, Inc. Quote