5 Analyst Favorite ‘Strong Buy’ Stocks All Pay 5% and Higher Dividends
Investors love dividend stocks. Not only do they provide dependable income, but they also give investors a great opportunity for solid total return. Total return includes interest, capital gains, dividends and distributions realized over time. In other words, the total return on an investment or a portfolio includes both income and stock appreciation.
The first quarter was the first down quarter in the markets since 2020. Truth is, the “buy-the-dip” retail crowd cannot save the market every time there is a sell-off. While both the Nasdaq and the Russell 2000 traded into bear market territory and came back in a big way, we could be headed back down, and headed down hard. With inflation hammering away at working Americans, gas prices above $6 a gallon in California and interest rates rising, stocks that pay big dividends may be just the answer for the rest of 2022, and perhaps beyond, as the near-term looks very shaky.
The following five top stocks are rated Buy and come with 5% and higher dividends. It is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.
This maker of tobacco products offers value investors a great entry point now and was hit as cigarette sales have slowed. Altria Group Inc. (NYSE: MO) is the parent company of Philip Morris USA (cigarettes), UST (smokeless), John Middleton (cigars), Ste. Michelle Wine Estates and Philip Morris Capital. PMUSA enjoys a 51% share of the U.S. cigarette market, led by its top cigarette brand Marlboro.
Altria also owns over 10% of Anheuser-Busch InBev, the world’s largest brewer. In March 2008, it spun off its international cigarette business to shareholders. In December 2018, the company acquired 35% of Juul Labs, and it has purchased a 45% stake in cannabis company Cronus for $1.8 billion.
Note that the company has increased its dividend for 52 consecutive years. Shareholders now receive a 6.83% dividend. Jefferies has a $58 target on Altria stock. The consensus price target of $48.87 is less than the most recent close at $52.64 a share.
Shares of this athletic shoe retailer have rallied from lows and look ready to move higher. Foot Locker Inc. (NYSE: FL) engages in the retail of athletic footwear, apparel, accessories, equipment and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports and other brand names.
Sponsored: Find a Qualified Financial Advisor:
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Source: Read Full Article