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

Crown Castle International

Shares of this top cell tower company offer incredible growth and income possibilities. Crown Castle International Corp. (NYSE: CCI) is one of the largest U.S. wireless tower companies, with over 40,000 towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. The core business for the company is leasing space on its wireless towers primarily to wireless carriers, government agencies and broadband data providers.

Crown Castle is one of the best stocks in the group for more conservative investors as the high-yield distribution and low volatility make it a good holding for accounts seeking growth and income with less risk.

Crown Castle stock currently comes with a 3.15% dividend yield. The company is expected to raise the dividend to $1.43 per share from $1.33.

Morgan Stanley has set a $213 price target, while the consensus target is $198.83. The shares were trading on Monday near $168.

Huntington Bancshares

This smaller cap bank could be an outstanding addition for more aggressive investors, especially after the big boys posted solid results last week. Huntington Bancshares Inc. (NASDAQ: HBAN) operates as a holding company for the Huntington National Bank, which provides commercial, small business, consumer and mortgage banking services.

The company’s Retail and Business Banking segment offers financial products and services, including checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans and small business loans, as well as investments, insurance, interest rate risk protection and foreign exchange and treasury management services.

The company’s Commercial Banking segment provides corporate risk management and institutional sales, trading, and underwriting services; commercial property and casualty, employee benefits, personal lines, life and disability, and specialty lines of insurance; and brokerage and agency services for residential and commercial title insurance, as well as excess and surplus product lines of insurance. Huntington also offers automotive and commercial real estate financing and a regional private bank and private client business.

Shareholders currently are paid a 3.72% yield. The dividend is expected to tick up by a penny per share to $0.16.

The Raymond James target price for Huntington Bancshares is $20. The consensus figure is $17.58, and the stock was trading above $16.

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