4 Blue Chip shares listed for purchase with increasing dividends this week – 24/7 Wall St.
After years of low interest rates, many investors have turned to stocks not only for their growth potential, but also for strong and reliable dividends that help provide a stream of income. This equates to total return, which is one of the most powerful investment strategies.
We like to remind our readers about the impact of total return on portfolios, as it is one of the best ways to improve the chances of overall investment success. Again, total return is the combined increase in a share’s value plus dividends. For example, if you buy a stock at $ 20 that pays a 3% dividend and it goes up to $ 22 in a year, your total return is 13%. That is 10% for the increase in the share price and 3% for the dividends paid.
Four large large-cap companies are expected to increase their dividends this week. So we sifted through our 24/7 research universe in Wall St. and found that all of their stocks are rated Buy from some of the best companies on Wall Street. While it’s always possible that not all of these companies will increase their dividends, top analysts expect them to, and generally the data is based on past increases in the company’s dividend payouts. .
It is also important to remember that no analyst report should be used as the sole basis for any buy or sell decision.
This stock has had a strong year but is still trading at a reasonable level. American Express Co. (NYSE: AXP) provides payment and credit card products and travel related services around the world. Its products and services include payment and financing products, network services, accounts payable expense management products and services, as well as travel and lifestyle services.
The Company’s products and services also include merchant acquisition and processing, maintenance and settlement, point-of-sale marketing and information products and services for merchants, and prevention services. fraud, and the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, midsize businesses, and large businesses through mobile and online apps, third party vendors and business partners, direct mail, phone, marketing teams. internal sales and direct advertising.
Shareholders currently receive a return of 0.98%. Amex is expected to increase the dividend to $ 0.46 per share from $ 0.43.
Morgan Stanley has a price target of $ 195 on the financial giant. The consensus target for American Express stock is $ 183.63. The shares were trading near $ 177 on Monday.
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General Mills Inc. (NYSE: GIS) manufactures and markets branded consumer foods around the world. The company offers ready-to-eat cereals, chilled yogurt, soup, meal kits, chilled and frozen dough products, mixes for desserts and pastries, bakery flour, frozen pizzas and snacks for pizza, snack bars, fruit and savory snacks, ice cream, bar nutrition, wellness drinks and savory and cereal snacks, as well as various organic products including frozen vegetables and long shelf life.
The company also supplies branded and unbranded food products to the North American restaurant and commercial bakery industries, and it manufactures and markets pet food products, including dog and cat food.