Investing
4 Buy-Rated Analyst Favorites Expected to Raise Dividends This Week
October 4, 2021 10:17 am
Long-term growth investors will love this stock. RPM International (NYSE: RPM) manufactures, markets, and sells specialty chemicals for the industrial, specialty and consumer markets worldwide. Its products include the following:
Shareholders currently receive a 1.94% yield. The company is expected to raise the dividend to $0.40 per share from $0.38.
The $100 BMO Capital Markets price target is above the $95.23 consensus figure. RPM International stock was trading at $79.00.
This is another Wall Street favorite that flies low on the radar screen of many investors. Thor Industries Inc. (NYSE: THO) designs, manufactures and sells recreational vehicles (RVs) and related parts and accessories in the United States, Canada and Europe.
The company offers travel trailers; gasoline and diesel Class A, Class B and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motor caravans, caravans, campervans and urban vehicles. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs. The company provides its products through independent and nonfranchise dealers.
Shareholders currently receive a 1.29% yield. The company is expected to raise the dividend to $0.42 per share from $0.41.
Truist Securities lifted its $130 price target on Thor Industries stock to $142. The higher consensus target is $147.44, and shares were trading at $128.15.
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.
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