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 Independent Bank, Northeast Community Bancorp, STMicroelectronics, Commercial Metals and JPMorgan Chase
Read MoreHide Full Article
For Immediate Release
Chicago, IL – April 1, 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: Independent Bank (INDB - Free Report) , Northeast Community Bancorp (NECB - Free Report) , STMicroelectronics (STM - Free Report) , Commercial Metals (CMC - Free Report) and JPMorgan Chase & Co. (JPM - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
5 Stocks Worth Watch on Dividend Hikes
The U.S. financial markets continue to be volatile, with rising inflation weighing on investors' sentiment. The Consumer Price Index (CPI) displayed upward movement in recent months. In response, the Fed kept the overnight interest rate unchanged in its latest Federal Open Market Committee (FOMC) meeting. The central bank hinted at three rate cuts in 2024 despite sticky inflation.
Meanwhile, the key indexes, the Dow, the S&P 500 and the tech-heavy Nasdaq, have returned 5.5%, 10.0% and 9.3%, respectively, in the year-to-date period.
The CPI rose 0.4% in February after a 0.3% increase in January 2024. The year-on-year rise in inflation was recorded at 3.2% against the street’s expectation of 3.1%. Current inflation is still above the Fed’s target inflation of 2%.
After two days of the FOMC meeting, the central bank kept the overnight interest rate unchanged at its current range of 5.25-5.5%, the highest level since 2001. By maintaining high interest rates, the Fed wants to cool off demand by making borrowing money more expensive. This would impact corporate performance and, thereby, stock prices.
Although investors are expecting the central bank to be less hawkish this year, the Fed wants to see further evidence of a declining inflation trend. The challenge remains to create a soft landing for the economy by striking the right balance between inflation and growth by keeping the interest rate higher for longer.
Prudent investors who wish to invest their money for regular income and capital preservation can buy dividend stocks. These companies, due to their well-established businesses, pay out regular dividends and remain profitable due to their proven business models. Companies that tend to reward investors with a high dividend payout outperform non-dividend-paying stocks in a highly volatile market.
On that note, let us look at companies like Independent Bank, Northeast Community Bancorp, STMicroelectronics, Commercial Metals and JPMorgan Chase & Co. that have lately hiked their dividend payouts.
Independent Bank is headquartered in Rockland, MA. This Zacks Rank #3 (Hold) community-oriented commercial bank holding company provides commercial banking, retail banking and trust services and is managed as a single strategic unit. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
On Mar 21, INDB declared that its shareholders would receive a dividend of 57 cents a share on Apr 5, 2024. INDB has a dividend yield of 4.2%.
Northeast Community Bancorp is headquartered in White Plains, NY. This Zacks Rank #2 (Buy) federally chartered stock holding company, which operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its market area and its lending territory.
On Mar 21, NECB declared that its shareholders would receive a dividend of 10 cents a share on May 6, 2024. NECB has a dividend yield of 1.6%.
STMicroelectronics is headquartered in Geneva, Switzerland. This Zacks Rank #3 company is a global independent semiconductor establishment that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices.
On Mar 21, STM announced that its shareholders would receive a dividend of 9 cents a share on Jul 2, 2024. STM has a dividend yield of 0.5%.
Commercial Metals is headquartered in Irving, TX. This Zacks Rank #3 company manufactures, recycles and markets steel and metal products, related materials and services.
On Mar 20, CMC declared that its shareholders would receive a dividend of 18 cents a share on Apr 10, 2024. CMC has a dividend yield of 1.1%.
JPMorgan Chase is headquartered in New York, NY. This Zacks Rank #3 company is one of the biggest global banks with operations in more than 100 countries.
On Mar 19, JPM declared that its shareholders would receive a dividend of $1.15 a share on Apr 30, 2024. JPM has a dividend yield of 2.1%.
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
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 Independent Bank, Northeast Community Bancorp, STMicroelectronics, Commercial Metals and JPMorgan Chase
For Immediate Release
Chicago, IL – April 1, 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: Independent Bank (INDB - Free Report) , Northeast Community Bancorp (NECB - Free Report) , STMicroelectronics (STM - Free Report) , Commercial Metals (CMC - Free Report) and JPMorgan Chase & Co. (JPM - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
5 Stocks Worth Watch on Dividend Hikes
The U.S. financial markets continue to be volatile, with rising inflation weighing on investors' sentiment. The Consumer Price Index (CPI) displayed upward movement in recent months. In response, the Fed kept the overnight interest rate unchanged in its latest Federal Open Market Committee (FOMC) meeting. The central bank hinted at three rate cuts in 2024 despite sticky inflation.
Meanwhile, the key indexes, the Dow, the S&P 500 and the tech-heavy Nasdaq, have returned 5.5%, 10.0% and 9.3%, respectively, in the year-to-date period.
The CPI rose 0.4% in February after a 0.3% increase in January 2024. The year-on-year rise in inflation was recorded at 3.2% against the street’s expectation of 3.1%. Current inflation is still above the Fed’s target inflation of 2%.
After two days of the FOMC meeting, the central bank kept the overnight interest rate unchanged at its current range of 5.25-5.5%, the highest level since 2001. By maintaining high interest rates, the Fed wants to cool off demand by making borrowing money more expensive. This would impact corporate performance and, thereby, stock prices.
Although investors are expecting the central bank to be less hawkish this year, the Fed wants to see further evidence of a declining inflation trend. The challenge remains to create a soft landing for the economy by striking the right balance between inflation and growth by keeping the interest rate higher for longer.
Prudent investors who wish to invest their money for regular income and capital preservation can buy dividend stocks. These companies, due to their well-established businesses, pay out regular dividends and remain profitable due to their proven business models. Companies that tend to reward investors with a high dividend payout outperform non-dividend-paying stocks in a highly volatile market.
On that note, let us look at companies like Independent Bank, Northeast Community Bancorp, STMicroelectronics, Commercial Metals and JPMorgan Chase & Co. that have lately hiked their dividend payouts.
Independent Bank is headquartered in Rockland, MA. This Zacks Rank #3 (Hold) community-oriented commercial bank holding company provides commercial banking, retail banking and trust services and is managed as a single strategic unit. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
On Mar 21, INDB declared that its shareholders would receive a dividend of 57 cents a share on Apr 5, 2024. INDB has a dividend yield of 4.2%.
Over the past five years, INDB has increased its dividend five times, and its payout ratio presently sits at 41% of earnings. Check Independent Bank’s dividend history here.
Independent Bank Corp. dividend-yield-ttm | Independent Bank Corp. Quote
Northeast Community Bancorp is headquartered in White Plains, NY. This Zacks Rank #2 (Buy) federally chartered stock holding company, which operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its market area and its lending territory.
On Mar 21, NECB declared that its shareholders would receive a dividend of 10 cents a share on May 6, 2024. NECB has a dividend yield of 1.6%.
In the past five years, NECB has increased its dividend three times. Its payout ratio at present sits at 8% of earnings. Check Northeast Community Bankcorp’s dividend history here.
Northeast Community Bancorp Inc. dividend-yield-ttm | Northeast Community Bancorp Inc. Quote
STMicroelectronics is headquartered in Geneva, Switzerland. This Zacks Rank #3 company is a global independent semiconductor establishment that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices.
On Mar 21, STM announced that its shareholders would receive a dividend of 9 cents a share on Jul 2, 2024. STM has a dividend yield of 0.5%.
Over the past five years, STM has increased its dividend two times. Its payout ratio now sits at 5% of earnings. Check STMicroelectronics' dividend history here.
STMicroelectronics N.V. dividend-yield-ttm | STMicroelectronics N.V. Quote
Commercial Metals is headquartered in Irving, TX. This Zacks Rank #3 company manufactures, recycles and markets steel and metal products, related materials and services.
On Mar 20, CMC declared that its shareholders would receive a dividend of 18 cents a share on Apr 10, 2024. CMC has a dividend yield of 1.1%.
In the past five years, CMC has increased its dividend three times. Its payout ratio at present sits at 10% of earnings. Check Commercial Metal’s dividend history here.
Commercial Metals Company dividend-yield-ttm | Commercial Metals Company Quote
JPMorgan Chase is headquartered in New York, NY. This Zacks Rank #3 company is one of the biggest global banks with operations in more than 100 countries.
On Mar 19, JPM declared that its shareholders would receive a dividend of $1.15 a share on Apr 30, 2024. JPM has a dividend yield of 2.1%.
Over the past five years, JPM has increased its dividend four times, and its payout ratio presently sits at 25% of earnings. Check JPMorgan Chase’s dividend history here.
JPMorgan Chase & Co. dividend-yield-ttm | JPMorgan Chase & Co. Quote
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
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.