Advertisement
Singapore markets closed
  • Straits Times Index

    3,216.91
    -10.70 (-0.33%)
     
  • Nikkei

    39,523.55
    +80.92 (+0.21%)
     
  • Hang Seng

    16,721.69
    -373.34 (-2.18%)
     
  • FTSE 100

    7,995.58
    +71.78 (+0.91%)
     
  • Bitcoin USD

    66,755.05
    -3,346.55 (-4.77%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,112.83
    -86.23 (-1.66%)
     
  • Dow

    37,916.89
    -542.19 (-1.41%)
     
  • Nasdaq

    16,140.48
    -301.72 (-1.83%)
     
  • Gold

    2,351.80
    -20.90 (-0.88%)
     
  • Crude Oil

    85.47
    +0.45 (+0.53%)
     
  • 10-Yr Bond

    4.4990
    -0.0770 (-1.68%)
     
  • FTSE Bursa Malaysia

    1,551.04
    -2.47 (-0.16%)
     
  • Jakarta Composite Index

    7,286.88
    +32.48 (+0.45%)
     
  • PSE Index

    6,659.39
    -18.26 (-0.27%)
     

Zacks Investment Ideas feature highlights: Genuine Parts, Coca-Cola, 3M, Hershey, and Home Depot

For Immediate Release

Chicago, IL – February 22, 2024 – Today, Zacks Investment Ideas feature highlights Genuine Parts GPC, The Coca-Cola Co. KO, 3M MMM, Hershey HSY, and Home Depot HD.

Dividend Watch: 5 Companies Boosting Payouts

Several companies have been delivering positive news to shareholders lately, including announcements of higher dividend payouts.

A company opts to raise its dividend when confident in its current standing and cash-generating abilities. Of course, it also reflects the company’s commitment to returning value to shareholders, which is undoubtedly encouraging.

ADVERTISEMENT

Five companies – Genuine Parts, The Coca-Cola Co., 3M, Hershey, and Home Depot – have all recently declared a dividend hike. For those with an appetite for income, let’s take a closer look at how each company currently stacks up.

3M

3M is a diversified technology company that manufactures industrial, safety, and consumer products. The company recently announced a modest 0.7% boost to its quarterly payout, continuing its streak of dividend hikes.

3M is a member of the elite Dividend Aristocrats club, owing to its shareholder-friendly nature. Shares currently yield a sizable 6.6% annually.

Shares have had a tough showing over the last year, down roughly 11% and underperforming relative to the general market. Nonetheless, analysts have begun positively revising their earnings expectations for its current fiscal year, with the $9.77 Zacks Consensus EPS estimate up 6% over the last year.

Hershey

Hershey is a global leader in chocolate and non-chocolate confectionery. The company has long been a favorite of income-focused investors, paying an uninterrupted dividend since 1930.

Hershey announced a 15% boost to its quarterly payout following its latest set of quarterly results in early February, with the company posting a 3.6% beat relative to the Zacks Consensus EPS estimate. HSY’s shareholder-friendly nature is illustrated below.

Home Depot

Home Depot offers a diverse range of branded and proprietary home improvement items, building materials, lawn and garden products, decor products, and related services. The company recently delivered a 7.7% boost to its quarterly payout following its latest set of better-than-expected quarterly results.

The company has consistently increasingly rewarded its shareholders.

Shares didn’t see much movement following the release but have overall performed nicely over the last year, adding 26% and primarily tracking the S&P 500.

Coca-Cola

Coca Cola’s portfolio includes many beverage products, spanning from sodas and sparkling water to energy drinks. The company’s board of directors recently approved a 5.4% boost to its quarterly payout, reflecting its 62nd consecutive annual dividend increase.

Not only is KO a Dividend Aristocrat, but a Dividend King as well.

Genuine Parts

Genuine Parts distributes automotive and industrial replacement parts and materials. The company boosted its quarterly payout by 5.3% recently, bringing the quarterly payout to $1.00 per share.

Shares aren’t overly stretched regarding valuation, with the current 14.7X forward earnings multiple beneath the 18.4X five-year median and a few ticks above the respective Zacks Automotive – Replacement Parts industry.

The stock sports a Style Score of ‘A’ for Value.

Bottom Line

Dividends soften the blow from drawdowns in other positions, provide more than one way to reap a return from an investment, and allow maximum returns through dividend reinvestment.

And all five companies above have recently boosted their payouts.

For those seeking a reliable income stream, all three deserve consideration.

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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

CocaCola Company (The) (KO) : Free Stock Analysis Report

3M Company (MMM) : Free Stock Analysis Report

Genuine Parts Company (GPC) : Free Stock Analysis Report

Hershey Company (The) (HSY) : Free Stock Analysis Report

The Home Depot, Inc. (HD) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research