Holders of NetApp stock receive a 2.74% dividend, but the $0.80 per share is expected to increase to $0.96. J.P. Morgan’s $100 target price compares with a lower $96.05 consensus target. Early Tuesday, shares were changing hands at about $72 apiece.
Universal Health Realty Income Trust
This is an outstanding total return idea for investors who also need income-producing investments. Universal Health Realty Income Trust (NYSE: UHT) is a real estate investment trust that invests in health care and human services facilities, including acute care hospitals, rehabilitation hospitals, sub-acute care facilities, medical/office buildings, free-standing emergency departments and childcare centers.
The company has investments in 71 properties in 20 states, including two that are under construction. The stock is a favorite of Vanguard Group and Bank of New York Mellon, and over the past 20 years, REITs have outperformed the regular stock market. An insider recently made a large purchase of the shares as well.
Universal Health Realty Trust has raised its dividend for 37 consecutive years. The current dividend yield is 5.38%. The dividend is expected to tick up to $0.71 per share from $0.705.
The Motley Fool analysts suggest Buying the shares, but a consensus target was not available. The stock was last seen trading near $52 per share.
These three top companies are expected to lift the dividends they pay to shareholders, and their stocks are rated Buy across Wall Street. Not only is increasing dividends and returning capital to investors important, but it shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
Originally posted at 24/7 Wall St.
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