For immediate release
Chicago, IL – July 29, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Stocks recently featured in the blog include: Wells Fargo & Company WFC, Matador Resources Co. MTDR, Cintas Corp. CTAS, True Financial Corp. TFC and MSCI Inc. MSCI.
Here are highlights from Thursday’s analyst blog:
5 stocks that just increased their dividends
The Federal Reserve recently raised its benchmark interest rate by a widely expected 0.75 percentage points to stifle runaway inflation. After all, inflation had already jumped 9.1% last month from a year earlier, marking an alarming 41-year high, according to the Labor Department.
The key interest rate has now been raised to its highest level since 2018. In fact, the central bank raised interest rates for the fourth time this year, with Fed Chairman Jerome Powell leaving the door open to another “unusually large increase” in interest rates. rates at the next central bank meeting in September.
Such a rise in interest rates likely makes borrowing more expensive and increases the likelihood of slower economic growth, which doesn’t bode well for the stock market. Be that as it may, the major indices have already suffered episodes of volatility throughout the year.
So, for a savvy investor, it seems prudent to keep an eye on dividend-paying stocks for the time being. Indeed, dividend-paying stocks have a long trajectory of profitability and a solid business model that helps them stay afloat amid market turbulence. Not only do they provide a steady stream of income, but they are also less likely to experience wild swings in their price. In reality, dividend-paying stocks have more or less outperformed non-dividend-paying stocks during periods of market volatility.
On that note, let’s look at stocks like Wells Fargo & Company, Matador Resources Co., Cintas Corp., Truist Financial Corp. and MSCI Inc. which recently increased their dividend payouts.
Wells Fargo is one of the largest financial services providers in the United States. Zacks Rank #3 (Hold) company provides banking, insurance and investment services. You can see the full list of today’s Zacks Rank #1 (Strong Buy) stocks here.
On July 26, 2022, WFC declared that its shareholders would receive a dividend of $0.30 per share on September 1, 2022. WFC has a dividend yield of 2.33%.
Over the past 5 years, WFC has increased its dividend six times and its payout ratio currently stands at 24% of earnings. See Wells Fargo’s dividend history here.
Wells Fargo & Company yield-dividend-ttm | Quote from Wells Fargo & Company
Matador Resources is primarily involved in oil and gas exploration in the United States. The upstream operations of the Zacks Rank #3 company are primarily concentrated in the Delaware and Midland basins.
On July 26, 2022, MTDR declared that its shareholders would receive a dividend of $0.10 per share on September 1, 2022. MTDR has a dividend yield of 0.39%.
Over the past 5 years, MTDR has increased its dividend twice and its payout ratio currently stands at 3% of earnings. View Matador Resources Dividend History Here.
Matador Resources Company yield-dividend-ttm | Quote from Matador Resources
cintas offers specialized services to businesses of all types throughout North America. Zacks Rank #3 company is known for providing corporate identity uniforms.
On July 26, 2022, CTAS declared that its shareholders would receive a dividend of $1.15 per share on September 15, 2022. CTAS has a dividend yield of 0.96%.
Over the past 5 years, CTAS has multiplied its dividend by five and its payout ratio currently stands at 33% of earnings. View Cintas’ Dividend History Here.
Cintas Corporation dividend-yield-ttm | Quote from Cintas Corporation
Financial truist is the sixth largest commercial bank in the United States. Zacks Rank Company #3 is headquartered in Charlotte, North Carolina.
On July 26, 2022, TFC announced that its shareholders would receive a dividend of $0.52 per share on September 1, 2022. TFC has a dividend yield of 3.96%.
Over the past 5 years, TFC has increased its dividend fivefold and its payout ratio now stands at 37% of earnings. View True Financial’s dividend history here.
Truist Financial Corporation dividend-yield-ttm | Quote from Truist Financial Corporation
MSCI provides investment decision support tools. Zacks Rank #3 Company provides risk management products and services.
On July 26, 2022, MSCI declared that its shareholders would receive a dividend of $1.25 per share on August 31, 2022. MSCI has a dividend yield of 0.94%.
Over the past 5 years, MSCI has increased its dividend sixfold and its payout ratio currently stands at 40% of earnings. See MSCI’s dividend history here.
MSCI Inc dividend-yield-ttm | MSCI Inc listing
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Past performance is not indicative of future results. The potential for loss is inherent in any investment. This document is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether any investment is suitable for any particular investor. It should not be assumed that investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is current as of the date hereof and is subject to change without notice. The views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management of securities. These returns come from hypothetical portfolios composed of stocks with Zacks Rank = 1 that have been rebalanced monthly without transaction fees. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.
7 best stocks for the next 30 days
Just Released: Experts distill 7 elite stocks from the current Zacks No. 1 Ranking 220 Strong Buys list. They consider these tickers “most likely for early price increases.”
Since 1988, the full list has beaten the market more than 2 times with an average gain of +24.8% per year. So be sure to give your immediate attention to these 7 handpicked ones.
Wells Fargo & Company (WFC): Free Inventory Analysis Report
Cintas Corporation (CTAS): Free Stock Analysis Report
MSCI Inc (MSCI): Free Stock Analysis Report
Matador Resources Company (MTDR): Free Stock Analysis Report
Truist Financial Corporation (TFC): Free Stock Analysis Report
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