Investing

Top Wall Street Strategist Loves a Surprising Group of Dividend Stocks for 2022

The Sturm Ruger Firearms segment manufactures and sells rifles, pistols and revolvers principally to a number of federally licensed, independent wholesale distributors primarily located in the United States. The Castings segment manufactures and sells steel investment castings and metal injection molding parts. The company was founded by William B. Ruger in 1949 and is headquartered in Southport, Connecticut.

While the dividend can vary because the payout is based on earnings, given the company’s strong upside, it is worth taking despite some slowing demand.

Sturm Ruger stock investors receive a 5.21% dividend. The $98 Lake Street Capital price target is well above the $84.00 consensus target. Friday’s closing print was $64.51.

Suncoke Energy

The off-the-radar energy play is a good way to play the steel infrastructure angle. Suncoke Energy, Inc. (NYSE: SXC) operates as an independent producer of coke in the Americas and Brazil.

The company offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing-based customers. In addition, it owns and operates five cokemaking facilities in the United States and one in Brazil.

Recently reported quarterly earnings easily exceeded the consensus forecast and compare with a net loss a year ago. The huge positive surprise followed an even larger one in the prior quarter.

Investors receive a 3.83% dividend. B. Riley Securities has set a $10 price target on Suncoke Energy stock. The consensus target is $9.50, and Friday’s final trade was reported at $6.30 a share.

Tanger Factory Outlet

Bargain shoppers looking for the top goods at a discount price are big fans of this company, and after a horrible pandemic-related slowdown, it looks to be hitting on all cylinders again. Tanger Factory Outlet Centers Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns or has an ownership interest in a portfolio of 38 centers.

Tanger’s operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The company has more than 39 years of experience in the outlet industry and is a publicly traded REIT.

Investors receive a 3.68% dividend. Compass Point upgraded the shares last month and has a $23 price target. The consensus target is $20.00, and the stock closed most recently at $19.84.


With the potential in 2022 for continued inflation, rising interest rates and a host of additional issues, migrating some assets to the small-cap world now makes a ton of sense.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.