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.
The Zacks Analyst Blog Highlights Harley-Davidson, Greif, Bank of Montreal, Ubiquiti and Northrim BanCorp
Read MoreHide Full Article
For Immediate Release
Chicago, IL – September 2, 2022 – 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: Harley-Davidson, Inc. (HOG - Free Report) , Greif, Inc. (GEF - Free Report) , Bank of Montreal (BMO - Free Report) , Ubiquiti Inc. (UI - Free Report) and Northrim BanCorp, Inc. (NRIM - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Buy These 5 Stocks That Recently Announced Dividend Hikes
U.S. stocks were performing well after a rebound in July, but the rally seems to have lost steam over the past week, following hawkish comments from Fed Chair Jerome Powell. According to Powell, the central bank will continue with its aggressive rate hikes to combat inflation. Powell's comments dashed hopes of a less steep rate hike in the coming months as was expected earlier.
Higher inflation had already been worrying people, and now concerns of a steep rate hike in September have reignited fears of the economy slowing down further.
Markets Unstable
The August rally came to a sudden halt on Aug 26 after Powell said that the Fed would continue its inflation fight and go for steep rate hikes for as long as it isn't able to check surging inflation. Investors knew that the Fed would be going for a few more rounds of interest rate hikes but were divided between a 50-basis point and a 75-basis point increase. A 75-basis-point hike is now widely expected in the Fed's September meeting.
Following Powell's comments, the rebound rally halted, with all the three major indexes losing more than 3% each on Aug 26. Since then, stocks have failed to recover, with the S&P 500 giving up all its gains for August in the last four trading sessions.
Higher interest rates make borrowing more expensive as well as bear the risk of an economic slowdown. Neither of these bodes well for the markets. Markets have already been subject to massive volatile trading throughout the year, and concerns of an economic slowdown continue to impact stocks.
Moreover, geopolitical tensions between Russia and Ukraine have added to the market woes as energy costs are being impacted because of sanctions on Russia.
So, it makes sense for an astute investor to keep an eye on dividend-paying stocks right now. This is because dividend stocks have a long history of profitability and a solid business model, both of which help them survive market volatility.
They don't just offer a consistent stream of income, but also have a lower risk of their prices fluctuating dramatically. Actually, during times of market turbulence, dividend-paying equities have generally outperformed non-dividend-paying stocks. Five such companies are Harley-Davidson, Inc., Greif, Inc., Bank of Montreal, Ubiquiti Inc. and Northrim BanCorp, Inc..
Harley-Davidson is one of the leading motorcycle makers of the world. HOG is the parent entity of company groups doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). From 2021, Harley-Davidsonhas expanded into Adventure Touring with its new Pan America motorcycle.
On Aug 31, 2022, Harley-Davidsonannounced that its shareholders would receive a dividend of $0.16 per share on Sep 22, 2022. HOG has a dividend yield of 1.62%. Over the past 5 years, Harley-Davidsonhas increased its dividend five times, and its payout ratio is presently 15% of earnings. Check HOG's dividend history here.
Greif is a leading global producer of industrial packaging products and services with manufacturing facilities in over 40 countries. GEF offers a comprehensive line of rigid industrial packaging products and containerboard and corrugated products for the niche markets in North America. Greifis also a leading global producer of flexible intermediate bulk containers. Greif has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
On Aug 31, 2022, Grief declared that its shareholders would receive a dividend of $0.50 per share on Oct 1, 2022. GEF has a dividend yield of 2.69%. Over the past 5 years, Grief has increased its dividend three times, and its payout ratio is presently 24% of earnings. Check GEF's dividend history here.
Bank of Montreal is one of the largest banks in North America and one of Canada's oldest banks. The bank offers a complete range of financial services in our chosen markets on both sides of the Canada-United States border. The bank offers all of their clients not just financial products, but knowledge-based solutions, custom-made to add value to their financial affairs.
On Aug 30, 2022, Bank of Montreal declared that its shareholders would receive a dividend of $1.09 per share on Nov 28, 2022. BMO has a dividend yield of 4.57%. Over the past 5 years, Bank of Montreal has increased its dividend 14 times, and its payout ratio is presently 38% of earnings. Check BMO's dividend history here.
Ubiquiti Inc. along with its subsidiaries, offers a comprehensive portfolio of networking products and solutions for service providers and enterprises. UI's service-provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing; while enterprise product platforms provide wireless local area network infrastructure, video surveillance products and machine-to-machine communication components.
On Aug 26, 2022, Ubiquitiannounced that its shareholders would receive a dividend of $0.60 per share on Sep 13, 2022. UI has a dividend yield of 0.75%. Over the past 5 years, Ubiquitihas increased its dividend four times, and its payout ratio is presently 39% of earnings. Check UI's dividend history here.
Northrim BanCorp, Inc. is a full-service commercial bank that provides a full range of personal and business banking services. NRIM's two business segments are home mortgage lending and community banking. Northrim BanCorp provides checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, business sweep accounts, interest-bearing time deposits, and noninterest-bearing checking accounts.
On Aug 26, 2022, Northrim BanCorp declared that its shareholders would receive a dividend of $0.50 per share on Sep 16, 2022. NRIM has a dividend yield of 4.03%. Over the past 5 years, Northrim BanCorp has increased its dividend 11 times, and its payout ratio is presently 34% of earnings. Check NRIM's dividend history here.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights Harley-Davidson, Greif, Bank of Montreal, Ubiquiti and Northrim BanCorp
For Immediate Release
Chicago, IL – September 2, 2022 – 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: Harley-Davidson, Inc. (HOG - Free Report) , Greif, Inc. (GEF - Free Report) , Bank of Montreal (BMO - Free Report) , Ubiquiti Inc. (UI - Free Report) and Northrim BanCorp, Inc. (NRIM - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Buy These 5 Stocks That Recently Announced Dividend Hikes
U.S. stocks were performing well after a rebound in July, but the rally seems to have lost steam over the past week, following hawkish comments from Fed Chair Jerome Powell. According to Powell, the central bank will continue with its aggressive rate hikes to combat inflation. Powell's comments dashed hopes of a less steep rate hike in the coming months as was expected earlier.
Higher inflation had already been worrying people, and now concerns of a steep rate hike in September have reignited fears of the economy slowing down further.
Markets Unstable
The August rally came to a sudden halt on Aug 26 after Powell said that the Fed would continue its inflation fight and go for steep rate hikes for as long as it isn't able to check surging inflation. Investors knew that the Fed would be going for a few more rounds of interest rate hikes but were divided between a 50-basis point and a 75-basis point increase. A 75-basis-point hike is now widely expected in the Fed's September meeting.
Following Powell's comments, the rebound rally halted, with all the three major indexes losing more than 3% each on Aug 26. Since then, stocks have failed to recover, with the S&P 500 giving up all its gains for August in the last four trading sessions.
Higher interest rates make borrowing more expensive as well as bear the risk of an economic slowdown. Neither of these bodes well for the markets. Markets have already been subject to massive volatile trading throughout the year, and concerns of an economic slowdown continue to impact stocks.
Moreover, geopolitical tensions between Russia and Ukraine have added to the market woes as energy costs are being impacted because of sanctions on Russia.
So, it makes sense for an astute investor to keep an eye on dividend-paying stocks right now. This is because dividend stocks have a long history of profitability and a solid business model, both of which help them survive market volatility.
They don't just offer a consistent stream of income, but also have a lower risk of their prices fluctuating dramatically. Actually, during times of market turbulence, dividend-paying equities have generally outperformed non-dividend-paying stocks. Five such companies are Harley-Davidson, Inc., Greif, Inc., Bank of Montreal, Ubiquiti Inc. and Northrim BanCorp, Inc..
Harley-Davidson is one of the leading motorcycle makers of the world. HOG is the parent entity of company groups doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). From 2021, Harley-Davidsonhas expanded into Adventure Touring with its new Pan America motorcycle.
On Aug 31, 2022, Harley-Davidsonannounced that its shareholders would receive a dividend of $0.16 per share on Sep 22, 2022. HOG has a dividend yield of 1.62%. Over the past 5 years, Harley-Davidsonhas increased its dividend five times, and its payout ratio is presently 15% of earnings. Check HOG's dividend history here.
Greif is a leading global producer of industrial packaging products and services with manufacturing facilities in over 40 countries. GEF offers a comprehensive line of rigid industrial packaging products and containerboard and corrugated products for the niche markets in North America. Greifis also a leading global producer of flexible intermediate bulk containers. Greif has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
On Aug 31, 2022, Grief declared that its shareholders would receive a dividend of $0.50 per share on Oct 1, 2022. GEF has a dividend yield of 2.69%. Over the past 5 years, Grief has increased its dividend three times, and its payout ratio is presently 24% of earnings. Check GEF's dividend history here.
Bank of Montreal is one of the largest banks in North America and one of Canada's oldest banks. The bank offers a complete range of financial services in our chosen markets on both sides of the Canada-United States border. The bank offers all of their clients not just financial products, but knowledge-based solutions, custom-made to add value to their financial affairs.
On Aug 30, 2022, Bank of Montreal declared that its shareholders would receive a dividend of $1.09 per share on Nov 28, 2022. BMO has a dividend yield of 4.57%. Over the past 5 years, Bank of Montreal has increased its dividend 14 times, and its payout ratio is presently 38% of earnings. Check BMO's dividend history here.
Ubiquiti Inc. along with its subsidiaries, offers a comprehensive portfolio of networking products and solutions for service providers and enterprises. UI's service-provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing; while enterprise product platforms provide wireless local area network infrastructure, video surveillance products and machine-to-machine communication components.
On Aug 26, 2022, Ubiquitiannounced that its shareholders would receive a dividend of $0.60 per share on Sep 13, 2022. UI has a dividend yield of 0.75%. Over the past 5 years, Ubiquitihas increased its dividend four times, and its payout ratio is presently 39% of earnings. Check UI's dividend history here.
Northrim BanCorp, Inc. is a full-service commercial bank that provides a full range of personal and business banking services. NRIM's two business segments are home mortgage lending and community banking. Northrim BanCorp provides checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, business sweep accounts, interest-bearing time deposits, and noninterest-bearing checking accounts.
On Aug 26, 2022, Northrim BanCorp declared that its shareholders would receive a dividend of $0.50 per share on Sep 16, 2022. NRIM has a dividend yield of 4.03%. Over the past 5 years, Northrim BanCorp has increased its dividend 11 times, and its payout ratio is presently 34% of earnings. Check NRIM's dividend history here.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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.