5 Buy-Rated Blue Chips Are Raising Their Dividends This Week


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.

Investors in Amphenol stock currently receive a 0.75% yield. The $0.145 per share dividend is expected to rise to $0.17.

The Jefferies price target is $88, well above the consensus target of $79.92. The shares were trading below $79 Monday morning.

Boise Cascade

This is one of the premier companies in the building materials business. Boise Cascade Co. (NYSE: BCC) manufactures wood products and distributes building materials in the United States and Canada. It operates in two segments.

The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; and structural, appearance and industrial plywood panels. This segment’s products are used in new residential construction, residential repair-and-remodeling markets, light commercial construction and industrial applications. It sells its products to wholesalers, home improvement centers, retail lumber yards and industrial converters.

The Building Materials Distribution segment distributes a line of building materials, including oriented strand boards, plywood and lumber; general line items, such as siding, composite decking, doors, metal products, insulation and roofing; and engineered wood products. This segment sells its products to retail lumber yards, home improvement centers and specialty distributors.

The current dividend yield is 0.70%. An increase by a penny per share to $0.11 is projected.

D.A. Davidson has a $75 price target. The consensus target for Boise Cascade stock is $63.80, and the shares were trading below $59 early Monday.