Though Newell Brands posted mixed second-quarter results (earnings did top estimates) and lowered its fiscal 2022 outlook, the company’s solid assortment of always-needed products makes it an ideal pick if the going gets rough again.
The dividend yield is 5.07%. Newell Brands stock has a $21 price target at UBS, but the consensus target is higher at $23.10 The shares were last seen on Monday trading at $18.18.
Philip Morris International
This company has continued to grow global market share and its stock makes good sense for total return investors now. Philip Morris International Inc. (NYSE: PM) is one of the largest international cigarette producers, with a share of 28% of the international cigarette/heated tobacco market. Key combustible brands include Parliament, L&M and Marlboro, one of the most valuable brands in the world.
The company is commercializing IQOS, a heat-not-burn product, in over 40 markets, which could drive earnings in the years to come. Most on Wall Street believe the company offers superior underlying growth prospects, both near term and long term. The share price has been weak of late as investors have questioned the growth potential of its reducedisk products, and the overall market weakness has contributed. All of its sales are outside of the United States.
Philip Morris International stock investors receive a 5.24% dividend. The $109 BofA Securities price objective is in line with the $109.57 consensus target. Monday’s close was at $97.66 a share.
U.S. Bancorp
This top superegional bank is among the higher-paying dividend bank stocks. U.S. Bancorp (NYSE: USB) provides various financial services in the United States through a network of 2,434 banking offices, principally operating in the Midwest and western regions of the United States, as well as through online services and a network of 4,232 ATMs.
The company offers depository services, including checking accounts, savings accounts and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance and other products. It also provides ancillary services comprising capital markets, treasury management and receivable lock-box collection services to corporate customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations.
In addition, U.S. Bancorp offers investment and insurance products to its customers principally within its markets, as well as fund administration services to a range of mutual and other funds. The company also provides corporate and purchasing card and corporate trust services, and merchant processing services, as well as cash and investment management, ATM processing, mortgage banking and brokerage and leasing services.
Shareholders receive a 4.01% dividend. The Wells Fargo price objective is $60, and the consensus target is $54.66. U.S. Bancorp stock closed at $47.56 on Monday.
The reality is that we are in one of the worst economic periods in America in decades. Profligate government spending combined with a Federal Reserve that never saw the wave of inflation coming until it was too late (and even admitted it) and now is forced to raise interest rates at a level not seen in years. With that in mind, buying stocks that will pay dependable dividends until this mess is sorted out makes total sense now.
Originally posted at 24/7 Wall St.
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