Investing

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

Broadridge Financial Solutions

This is a solid technology play that is due to report earnings this week. Broadridge Financial Solutions Inc. (NYSE: BR) provides investor communications and technology-driven solutions for the financial services industry worldwide.

Its Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote-processing services. It offers ProxyEdge, an electronic proxy delivery and voting solution, and it also distributes regulatory reports and corporate action/reorganization event information, as well as tax reporting solutions. It provides end-to-end platform for content management, composition and multi-channel distribution of regulatory, marketing and transactional information, as well as mutual fund trade processing services.

In addition, this segment offers financial reporting document composition and management solutions; SEC disclosure and filing services; registrar, stock transfer and record-keeping services; customer communication solutions; cloud-based marketing and customer communication tools; and customer and account data aggregation and reporting services. It also creates sales and educational content, including seminars and a library of financial planning topics, and mutual fund trade processing services.

The Global Technology and Operations segment offers desktop productivity tools, data aggregation, performance reporting, portfolio management, order capture and execution, trade confirmation, margin, cash management, clearance and settlement, asset servicing, reference data management, reconciliations, securities financing and collateral optimization, compliance and regulatory reporting and accounting.

Shareholders now receive a 1.33% annual dividend. That dividend is expected to rise to $0.61 per share from $0.575.

The Truist Securities price target is $175, while the consensus target is $175.37. The shares were trading at $173.45 early Monday.

Martin Marietta

This remains a favorite across Wall Street, especially with a large infrastructure package in the works on Capitol Hill. Martin Marietta Materials Inc. (NYSE: MLM) is a natural resource-based building materials company, supplying aggregates and heavy-side building materials to the construction industry in the United States and internationally.

The company offers crushed stone, sand and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement used in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility and environmental industries.

Martin Marietta also manufactures and markets magnesia-based chemical products for the industrial, agricultural and environmental applications, as well as dolomitic lime primarily for customers in the steel and mining industries. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production and other environmental applications.

The company remains upbeat, not just on 2021 construction demand, but also noted that many states with its greatest exposure were well positioned for housing and public nonresidential construction growth.

The current dividend yield is 0.62%, and the company is expected to raise the dividend to $0.60 per share from $0.57.

The $405 Morgan Stanley price target is well above the $385.70 consensus target. The stock was up Monday in early trading around $368.60.