5 Top Stocks to Buy Now With Expected Dividend Hikes This Week

Amphenol

This is a solid pick for growth investors, as it is a favorite long-term idea across Wall Street. Amphenol Corp. (NYSE: APH) primarily designs, manufactures and markets electrical, electronic and fiber-optic connectors in the United States and internationally.

The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber-optic, harsh environment, high-speed and radio frequency interconnect products, as well as antennas. It offers power interconnect products, busbars and distribution systems, as well as other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products. Other products include antennas, flexible and rigid printed circuit boards, hinges, molded parts and production-related products.

The Cable Products and Solutions segment offers coaxial, power, and specialty cables; cable assemblies; and components, including combiner/splitter products, connector and connector systems and fiber-optic components. The company sells its products through its sales force, independent representatives and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers and service providers in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device and mobile network markets.

Shareholders currently receive a 0.75% yield. The company is expected raise the $0.145 per share dividend to $0.17.

The Jefferies price target is $88, and the consensus target for Amphenol stock is $79.92. The shares were trading above $76 on Monday morning.

Brunswick

This company has been making some of the best products in the boating world for years. Brunswick Corp. (NYSE: BC) designs, manufactures and markets recreation products worldwide. Its Propulsion segment provides outboard, sterndrive and inboard engines for independent boatbuilders and governments through marine dealers and distributors, specialty marine retailers and marine service centers. It also provides propulsion-related controls, rigging and propellers to original equipment manufacturers and aftermarket retailers, distributors and distribution businesses.

The Parts & Accessories segment provides engine parts and consumables, electrical products, boat parts and systems, engine oils and lubricants, marine electronics and control systems, instruments, trolling motors, fuel systems and electrical systems, as well as specialty vehicle, mobile, and transportation aftermarket products for aftermarket retailers, distributors and distribution businesses, as well for as for the original equipment manufacturers in marine and non-marine markets. It supplies parts and accessories through the distribution business.

The Boat segment provides Sea Ray sport boats and cruisers; Bayliner sport cruisers and runabouts; Boston Whaler fiberglass offshore boats; Lund fiberglass fishing boats; Crestliner, Cypress Cay, Harris, Lowe, Lund and Princecraft aluminum fishing, utility, pontoon and deck boats; Heyday tow/wake boats; and Thunder Jet heavy-gauge aluminum boats. It also offers shared access boat club and dealer services to the marine industry through dealers and distributors.

The current dividend yield is 1.33%. The $0.335 per share dividend is expected to rise to $0.36.

The $135 B. Riley Securities price target is well above the $122.23 consensus target. Brunswick stock was trading near $100 a share on Monday.

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