Investing

5 'Strong Buy' Stocks With Dividends Expected to Be Raised This Week

Shutterstock

This hedge fund favorite has pulled back recently and is offering an excellent entry point. Shutterstock Inc. (NASDAQ: SSTK) is a technology company that provides content and tools and services in North America, Europe and elsewhere.

It offers image services consisting of photographs, vectors and illustrations that are used in visual communications, such as websites, digital and print marketing materials, corporate communications, books and publications. Its footage services, including video clips, are filmed by industry experts and has cinema-grade video effects, and HD and 4K formats are integrated into websites, social media, marketing campaigns and cinematic productions. Its music services comprise music tracks and sound effects, which are used to complement digital imagery.

The company provides its services under the Shutterstock, Bigstock, Offset, Shutterstock Select, Shutterstock Custom, Shutterstock Editorial, Offset, PremiumBeat brand names, as well as Application programming interface, and Editor and Editor Pro tools to enhance workflow and project management needs and search capabilities.

Investors currently receive a dividend of 1.83%. It is expected that the dividend will rise to $0.52 per share from $0.48.

Needham has set a $145 price objective, well above the $134.75 consensus target. Shares were trading at $94.95 on Monday.

Signet Jewelers

Those looking to own shares of a jewelry company have just the idea with this top company. Signet Jewelers Ltd. (NYSE: SIG) engages in the retail sale of diamond jewelry, watches and other products. It operates jewelry stores in malls and off-mall locations, primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared the Galleria of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda and Peoples Jewelers banners in North America and the H. Samuel and Ernest Jones brands internationally. It also operates online through JamesAllen.com.

As of January 30, 2021, it operated 2,833 stores and kiosks, which include 2,381 locations in the United States and 100 locations in Canada, as well as 352 stores in the United Kingdom, the Republic of Ireland and the Channel Islands.

The company also is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services.

Investors now receive a dividend of 0.79%. The company is expected to raise the dividend to $0.20 per share from $0.18.

UBS has a $140 price target on Signet Jewelers stock. Shares have traded as high as $111.92 in the past year but were trading at $86.00 on Monday.


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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