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3 Dividend Aristocrats to Buy Now Amid the Middle East Crisis
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Key Takeaways
ATO offers a 2.17% yield, 25 years of dividend hikes, and projected earnings growth of 10.2% this year.
Colgate-Palmolive yields 2.32%, with a 56% payout ratio and projected earnings growth of 5.7% this year.
West Pharmaceutical Services posts a 0.37% yield and 12% payout ratio, with earnings forecast to grow 7.8%.
March has historically been a strong month for the stock market. However, the escalating Middle East conflict involving the United States, Israel, and Iran has shaken markets, prompting investors to seek safer investment options.
Dividend aristocrat stocks like Atmos Energy Corporation (ATO - Free Report) , Colgate-Palmolive Company (CL - Free Report) and West Pharmaceutical Services, Inc. (WST - Free Report) could help provide stability and protect portfolios during periods of market mayhem. Let’s take a closer look at why –
Rising Oil Prices Fuel Inflation Fears, U.S. Stocks Hit
On Thursday, oil prices jumped after Iran unexpectedly struck two oil tankers in Iraqi waters near the key export terminal at Basra. Brent crude has settled above $100 a barrel since Aug. 22, while the West Texas Intermediate crude settled at $95.73 per barrel, according to CNN Business.
The International Energy Agency cautioned that oil supply could remain vulnerable if energy infrastructure across the Middle East region is repeatedly targeted. Regrettably, supply disruptions show little sign of easing after Iran’s current supreme leader, Mojtaba Khamenei, recently said that the Strait of Hormuz should remain shut to apply tactical pressure on adversaries.
The rise in oil prices unnerved investors, as escalating energy costs add to inflationary pressure, threatening economic growth and potentially pushing share prices down. U.S. stock markets continue to face bouts of volatility, particularly affecting airline and travel shares. The Dow, the S&P 500 and the Nasdaq each fell more than 1% on Thursday, with the 30-stock Dow closing below the 47,000 level for the first time this year.
3 Dividend Aristocrats for Stable Income Amid Volatility
As the Middle East crisis rattles markets, with no immediate signs of easing, investors should turn to safer options for consistent income. Dividend aristocrats stand out as they have a long track record of raising dividends, reflecting strong financial stability. Their steady payouts and resilient business models can help cushion portfolios during periods of market volatility like the current crisis.
Here are three dividend aristocrats, with 25+ years of successive dividend increases:
Atmos Energy
Atmos Energy operates regulated natural gas distribution, pipeline and storage businesses in the United States.
Atmos Energy has a dividend yield of 2.17%. ATO’s payout ratio presently sits at 52% of earnings. ATO’s payout has advanced by 8.75% in the past five years. Check Atmos Energy’s dividend history here.
The Zacks Consensus Estimate for its current-year earnings has increased 2.1% over the past 60 days. The company’s expected earnings growth for the current year is 10.2%.
Colgate-Palmolive
Colgate-Palmolive manufactures and sells consumer products in the United States and globally.
Colgate-Palmolive has a dividend yield of 2.32%. CL’s payout ratio presently sits at 56% of earnings. CL’s payout has advanced by 3.36% in the past five years. Check Colgate-Palmolive’s dividend history here.
The Zacks Consensus Estimate for its current-year earnings has increased 1.3% over the past 60 days. The company’s expected earnings growth for the current year is 5.7%.
West Pharmaceutical Services
West Pharmaceutical Services makes containment and delivery systems for injectable drugs and healthcare products worldwide.
West Pharmaceutical Services has a dividend yield of 0.37%. WST’s payout ratio presently sits at 12% of earnings. WST’s payout has advanced by 5.55% in the past five years. Check West Pharmaceutical Services’ dividend history here.
The Zacks Consensus Estimate for its current-year earnings has increased 2.6% over the past 60 days. The company’s expected earnings growth for the current year is 7.8%.
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3 Dividend Aristocrats to Buy Now Amid the Middle East Crisis
Key Takeaways
March has historically been a strong month for the stock market. However, the escalating Middle East conflict involving the United States, Israel, and Iran has shaken markets, prompting investors to seek safer investment options.
Dividend aristocrat stocks like Atmos Energy Corporation (ATO - Free Report) , Colgate-Palmolive Company (CL - Free Report) and West Pharmaceutical Services, Inc. (WST - Free Report) could help provide stability and protect portfolios during periods of market mayhem. Let’s take a closer look at why –
Rising Oil Prices Fuel Inflation Fears, U.S. Stocks Hit
On Thursday, oil prices jumped after Iran unexpectedly struck two oil tankers in Iraqi waters near the key export terminal at Basra. Brent crude has settled above $100 a barrel since Aug. 22, while the West Texas Intermediate crude settled at $95.73 per barrel, according to CNN Business.
The International Energy Agency cautioned that oil supply could remain vulnerable if energy infrastructure across the Middle East region is repeatedly targeted. Regrettably, supply disruptions show little sign of easing after Iran’s current supreme leader, Mojtaba Khamenei, recently said that the Strait of Hormuz should remain shut to apply tactical pressure on adversaries.
The rise in oil prices unnerved investors, as escalating energy costs add to inflationary pressure, threatening economic growth and potentially pushing share prices down. U.S. stock markets continue to face bouts of volatility, particularly affecting airline and travel shares. The Dow, the S&P 500 and the Nasdaq each fell more than 1% on Thursday, with the 30-stock Dow closing below the 47,000 level for the first time this year.
3 Dividend Aristocrats for Stable Income Amid Volatility
As the Middle East crisis rattles markets, with no immediate signs of easing, investors should turn to safer options for consistent income. Dividend aristocrats stand out as they have a long track record of raising dividends, reflecting strong financial stability. Their steady payouts and resilient business models can help cushion portfolios during periods of market volatility like the current crisis.
Here are three dividend aristocrats, with 25+ years of successive dividend increases:
Atmos Energy
Atmos Energy operates regulated natural gas distribution, pipeline and storage businesses in the United States.
Atmos Energy has a dividend yield of 2.17%. ATO’s payout ratio presently sits at 52% of earnings. ATO’s payout has advanced by 8.75% in the past five years. Check Atmos Energy’s dividend history here.
The Zacks Consensus Estimate for its current-year earnings has increased 2.1% over the past 60 days. The company’s expected earnings growth for the current year is 10.2%.
Colgate-Palmolive
Colgate-Palmolive manufactures and sells consumer products in the United States and globally.
Colgate-Palmolive has a dividend yield of 2.32%. CL’s payout ratio presently sits at 56% of earnings. CL’s payout has advanced by 3.36% in the past five years. Check Colgate-Palmolive’s dividend history here.
The Zacks Consensus Estimate for its current-year earnings has increased 1.3% over the past 60 days. The company’s expected earnings growth for the current year is 5.7%.
West Pharmaceutical Services
West Pharmaceutical Services makes containment and delivery systems for injectable drugs and healthcare products worldwide.
West Pharmaceutical Services has a dividend yield of 0.37%. WST’s payout ratio presently sits at 12% of earnings. WST’s payout has advanced by 5.55% in the past five years. Check West Pharmaceutical Services’ dividend history here.
The Zacks Consensus Estimate for its current-year earnings has increased 2.6% over the past 60 days. The company’s expected earnings growth for the current year is 7.8%.
All three of them, Atmos Energy, Colgate-Palmolive and West Pharmaceutical Services, currently have a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.