Investing

4 Buy-Rated Blue Chip Stocks With Dividend Hikes Due This Week

General Mills markets its products under the Annie’s, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto’s, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jus-Rol, Kitano, Kix, Lärabar, Latina, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Oui, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino’s, Trix, Wanchai Ferry, Wheaties, Wilderness, Yoki and Yoplait trademarks.

Shareholders currently receive a 3.46% yield. The company is expected to raise the $0.51 per share dividend to $0.53.

Deutsche Bank’s $65 price target on General Mills stock is higher than the $63 consensus target. The stock was trading just north of $60 a share early Monday.

Honeywell International

This top industrial stock could be poised for an incredible end to 2021 and beyond, if global growth picks up. Honeywell International Inc. (NYSE: HON) is a New-Jersey-based diversified, global technology and manufacturing company with operations are organized under four business groups: Aerospace, Home & Building Technologies, Safety & Productivity Solutions, and Performance Materials & Technologies.

The company is also a premier supplier of avionics, power and control systems for the aerospace industry. The analysts recently attended the company’s Honeywell Building Technologies Investor Showcase at the segment’s Atlanta headquarters.

Shareholders now receive a 1.70% yield. Honeywell’s dividend hike is expected to be from $0.93 per share to $0.98.

The $253 Barclays price target is the highest on Wall Street. The consensus price objective is $243.62, and Honeywell International stock was spotted near $219 on Monday.

Starbucks

Shares of the ubiquitous retail giant have traded down some recently and are offering a very solid entry point. Starbucks Corp. (NASDAQ: SBUX) operates as a roaster, marketer and retailer of specialty coffee worldwide. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, juices and bottled water.

The company also licenses its trademarks through licensed stores, and grocery and national foodservice accounts. The company offers its products under the Starbucks, Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, Ethos, Starbucks VIA, Seattle’s Best Coffee, Frappuccino, Starbucks Doubleshot, Starbucks Refreshers and Starbucks Discoveries Iced Café Favorites brand names.

Shareholders are currently paid a 1.58% yield. The dividend is expected to rise to $0.50 per share from $0.45.

Jefferies has a Wall Street high $145 price target, while the consensus target is $131.11. The stock was trading near $114 a share on Monday.


These four top stocks are rated Buy across Wall Street, and the companies are expected to lift the dividends they pay to shareholders. 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.