This company is a financial services leader that has strong positions in both equity exchange traded funds (ETFs) and actively managed equity and debt mutual funds. Invesco Ltd. (NYSE: IVZ) looks to be very well-positioned to capitalize on inflows into both segments, as well as higher asset prices, as many on Wall Street see a continuation of the six-year bull market.
Invesco PowerShares is the boutique investment management firm that manages a family of ETFs. The company has been part of Invesco, which markets the PowerShares product, since 2006. The incredible growth and popularity of the product is why many on Wall Street remain so bullish on the stock. Analysts see the company as one that is best positioned to compete for share given mix, product offerings and attractive relative performance.
Invesco investors are paid a very rich 4.48% dividend. The consensus target is set at $37. The shares closed Wednesday at $24.99.
This top retailer has been hit hard and looks like a solid value play at current trading levels. Nordstrom Inc. (NYSE: JWN) is one of the leading fashion specialty retailers based in the United States. Founded in 1901 as a shoe store in Seattle, Nordstrom now operates some 260 stores in 35 states, including 117 full-line stores, 140 Nordstrom Racks, two Jeffrey boutiques and one clearance store.
Back in February, Nordstrom raised its dividend by 10%. The company’s strong square footage growth profile and best in-class e-commerce business should drive solid dividend growth going forward. In addition, the company recently announced an expansion of its customer loyalty program, making it even easier for customers to earn $20 Nordstrom Notes. This is a solid move to help maintain long-term customers.
Investors are paid a 3.86% dividend. The consensus price target for the stock is $40.50. Nordstrom closed Wednesday at $38.33.
Dividend growth is as important as the size of the dividend, and in many cases more important as a metric. Strong cash flows allow companies to consistently raise their dividends, and that is what the UBS team looks for.