Realty Income
This is an ideal stock for growth and income investors looking for a safer, inflation-busting idea for 2022. Realty Income Corp. (NYSE: O) is an S&P 500 company structured as a real estate investment trust. It is dedicated to providing stockholders with dependable monthly income.
The company’s distributions are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 54-year operating history and increased the dividend 109 times since its public listing in 1994.
Investors receive a 4.22% distribution. The Realty Income stock price target at Raymond James is $81. The consensus target is $75.19 consensus, and shares closed at $70.31 on Friday.
VFC
This is the proverbial “off-theadar” idea that can be purchased and held forever as it makes name-brand popular clothing. V.F. Corp. (NYSE: VFC) engages in the design, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products for men, women and children in the Americas, Europe and elsewhere.
The company offers outdoor, merino wool and other natural fibers-based, lifestyle and casual apparel; footwear; equipment; accessories; outdoor-inspired, performance-based, youth culture/action sports-inspired, streetwear and protective work footwear; handbags, luggage, backpacks and totes; and work and work-inspired lifestyle apparel and footwear.
VFC provides its products under the North Face, Timberland, Smartwool, Icebreaker, Altra, Vans, Supreme, Kipling, Napapijri, Eastpak, JanSport, Dickies and Timberland PRO brand names. The company sells its products primarily to specialty stores, department stores, national chains and mass merchants, as well as through direct-to-consumer operations, including retail stores, concession retail stores and e-commerce sites and other digital platforms
The dividend yield is 4.40%. Credit Suisse has set a $61 target price. The consensus target is $58.05. Friday last V.F. stock trade was reported at $45.45 a share.
These seven top companies pay some of the highest dividends in the Dividend Aristocrat universe. Their stocks are rated Buy, and they supply products or services unlikely to go out of style or demand. Friday’s rally was a refreshing end to yet another bad week on Wall Street, and it is likely the sellers will return as rates are headed higher and inflation may not have peaked. Plus, with earnings season in full swing, it may make sense to buy partial positions now and wait for results from these companies.
Originally posted at 24/7 Wall St.
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