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Buy 3 Stocks That Recently Announced Dividend Hikes Amid Volatility
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Key Takeaways
DOV announced a $0.53 dividend, with six hikes over the past five years and a 20% payout ratio.
KLAC declared a $0.23 dividend after seven hikes over five years, with a 24% payout ratio.
TPC announced a $0.09 dividend, with two hikes over five years and a 5% payout ratio.
Major indexes are coming off their best weeks since April, but markets are still rattled by volatility. Oil prices have stabilized, and hopes of a deal between Iran and Oman have brightened. Yet uncertainty related to the economy’s health, peace talks between the United States and Iran, and the Federal Reserve’s plans for future rate hikes has been weighing on investors’ sentiment.
Amid the ongoing uncertainty, conservative investors seeking a reliable source of income while protecting their capital may want to consider dividend-paying stocks.
These stocks can provide consistent earnings through regular dividend payments while helping cushion portfolios against market volatility. Here are three such stocks: Dover Corporation (DOV - Free Report) , KLA Corporation (KLAC - Free Report) and Tutor Perini Corporation (TPC - Free Report) .
Wall Street Volatility Continues
Geopolitical tensions in the Middle East have left markets volatile for months. Major indexes rallied last week after tech stocks rebounded from a sell-off, triggered by concerns over the sustainability of AI-related chip stocks and the continued hefty investments being made by tech giants in AI infrastructure.
On Monday, investors’ sentiment got a boost on hopes that Iran and Oman could soon reach a deal to reopen the Strait of Hormuz. However, Iran has remained stubborn about restarting negotiations with the United States until several conditions are fulfilled by the latter.
Investors are also optimistic that the Federal Reserve could delay its rate hike plans after the July nonfarm payrolls report showed that jobs contracted unexpectedly in the month. However, the Federal Reserve hasn’t given any hint on its plans for rate cuts in the near term.
Also, the U.S.-Iran conflict is far from over. Inflation eased in June after oil prices eased but is still sharply above the Fed’s 2% target. Hence, uncertainties prevail, which could keep markets volatile for a longer period.
On Aug. 7, Dover Corporation announced that its shareholders would receive a dividend of $0.53 a share on Sept. 15. DOV has a dividend yield of 0.99%. Over the past five years, Dover Corporation has increased its dividend six times, and its payout ratio presently sits at 20% of earnings. Check Dover Corporation’s dividend history here.
KLA Corporation
KLA Corporation is an original equipment manufacturer of process diagnostics and control (“PDC”) equipment and yield management solutions required for the fabrication of semiconductor integrated circuits or chips. KLAC has a comprehensive portfolio of products addressing each major PDC subsegment, including photomask or reticle inspection, wafer inspection and defect review, and metrology. KLA Corporation currently has a Zacks Rank #2.
On Aug. 6, KLA Corporation declared that its shareholders would receive a dividend of $0.23 a share on Sept. 1. KLAC has a dividend yield of 0.46%. Over the past five years, KLA Corporation has increased its dividend seven times, and its payout ratio presently sits at 24% of earnings. Check KLA Corporation’s dividend history here.
Tutor Perini Corporation
Tutor Perini Corporation provides diversified general contracting, construction management and design-build services to private clients and public agencies worldwide. TPC operates in four segments: Civil, Building, Specialty Contractors, and Management Services. Tutor Perini Corporation has a Zacks Rank #1.
On Aug. 5, Tutor Perini Corporation announced that its shareholders would receive a dividend of $0.09 a share on Sept. 3. TPC has a dividend yield of 0.24%. Over the past five years, Tutor Perini Corporation has increased its dividend two times, and its payout ratio presently sits at 5% of earnings. Check Tutor Perini Corporation’s dividend history here.
View the Zacks #1 Rank List
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Buy 3 Stocks That Recently Announced Dividend Hikes Amid Volatility
Key Takeaways
Major indexes are coming off their best weeks since April, but markets are still rattled by volatility. Oil prices have stabilized, and hopes of a deal between Iran and Oman have brightened. Yet uncertainty related to the economy’s health, peace talks between the United States and Iran, and the Federal Reserve’s plans for future rate hikes has been weighing on investors’ sentiment.
Amid the ongoing uncertainty, conservative investors seeking a reliable source of income while protecting their capital may want to consider dividend-paying stocks.
These stocks can provide consistent earnings through regular dividend payments while helping cushion portfolios against market volatility. Here are three such stocks: Dover Corporation (DOV - Free Report) , KLA Corporation (KLAC - Free Report) and Tutor Perini Corporation (TPC - Free Report) .
Wall Street Volatility Continues
Geopolitical tensions in the Middle East have left markets volatile for months. Major indexes rallied last week after tech stocks rebounded from a sell-off, triggered by concerns over the sustainability of AI-related chip stocks and the continued hefty investments being made by tech giants in AI infrastructure.
On Monday, investors’ sentiment got a boost on hopes that Iran and Oman could soon reach a deal to reopen the Strait of Hormuz. However, Iran has remained stubborn about restarting negotiations with the United States until several conditions are fulfilled by the latter.
Investors are also optimistic that the Federal Reserve could delay its rate hike plans after the July nonfarm payrolls report showed that jobs contracted unexpectedly in the month. However, the Federal Reserve hasn’t given any hint on its plans for rate cuts in the near term.
Also, the U.S.-Iran conflict is far from over. Inflation eased in June after oil prices eased but is still sharply above the Fed’s 2% target. Hence, uncertainties prevail, which could keep markets volatile for a longer period.
3 Stocks That Recently Announced Dividend Hikes
Dover Corporation
Dover Corporation is an industrial conglomerate producing a wide range of specialized industrial products and manufacturing equipment. DOV has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
On Aug. 7, Dover Corporation announced that its shareholders would receive a dividend of $0.53 a share on Sept. 15. DOV has a dividend yield of 0.99%. Over the past five years, Dover Corporation has increased its dividend six times, and its payout ratio presently sits at 20% of earnings. Check Dover Corporation’s dividend history here.
KLA Corporation
KLA Corporation is an original equipment manufacturer of process diagnostics and control (“PDC”) equipment and yield management solutions required for the fabrication of semiconductor integrated circuits or chips. KLAC has a comprehensive portfolio of products addressing each major PDC subsegment, including photomask or reticle inspection, wafer inspection and defect review, and metrology. KLA Corporation currently has a Zacks Rank #2.
On Aug. 6, KLA Corporation declared that its shareholders would receive a dividend of $0.23 a share on Sept. 1. KLAC has a dividend yield of 0.46%. Over the past five years, KLA Corporation has increased its dividend seven times, and its payout ratio presently sits at 24% of earnings. Check KLA Corporation’s dividend history here.
Tutor Perini Corporation
Tutor Perini Corporation provides diversified general contracting, construction management and design-build services to private clients and public agencies worldwide. TPC operates in four segments: Civil, Building, Specialty Contractors, and Management Services. Tutor Perini Corporation has a Zacks Rank #1.
On Aug. 5, Tutor Perini Corporation announced that its shareholders would receive a dividend of $0.09 a share on Sept. 3. TPC has a dividend yield of 0.24%. Over the past five years, Tutor Perini Corporation has increased its dividend two times, and its payout ratio presently sits at 5% of earnings. Check Tutor Perini Corporation’s dividend history here.