Investing

6 Top Buy-Rated Stocks With Expected Dividend Hikes This Week

Shareholders receive a 2.87% dividend. Weingarten Realty Investors is expected to raise the dividend from $0.23 per share to $0.30.

Baird’s $29 price target looks to be going higher, as the posted consensus target is $31. The shares opened Monday trading at $32.06.

Wells Fargo

This large-cap bank is perhaps one of the best value plays for the rest of 2021, and it reported solid second-quarter results. Wells Fargo & Co. (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.9 trillion in assets.

The company provides banking, insurance, investments, mortgage and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the Internet and mobile banking. It also has offices in 36 countries to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States.

Shareholders receive a 0.90% dividend. Analysts expected the company to raise its dividend to $0.20 per share from $0.10.

BofA Securities has set a street-high $60 price target. The consensus target is $49.39, and Wells Fargo stock opened at $44.47 on Monday.

Wingstop

This stock has huge upside potential, and with the NFL season right around the corner, you can bet the orders will skyrocket. Wingstop Inc. (NASDAQ: WING) operates and franchises more than 1,500 locations worldwide.

The company is dedicated to serving the world flavor through an unparalleled guest experience and offering of classic wings, boneless wings and tenders, always cooked to order and hand-sauced-and-tossed in fans’ choice of 11 bold, distinctive flavors. Wingstop’s menu also features signature sides including fresh-cut, seasoned fries and freshly made ranch and bleu cheese dips.

Top analysts feel that Wingstop is still in the early innings of a long-term growth story, as the company has a strong, digitally focused foundation to support unit growth. Wingstop is 98% franchised, with around 1,500 units globally (1,300 domestic, 200 international) and some of the best unit-level economics in the industry lending support to franchisee demand.

Shareholders are paid a 0.35% dividend. The company is expected to raise its dividend to $0.17 per share from $0.14.

Baird has a $185 price target on Wingstop stock. The $170.47 consensus target is near Monday’s open at $169.63 a share.


Again, shares of these six top companies are rated Buy across Wall Street, and each company is expected to lift what it pays to shareholders this week. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.

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