Investing

5 'Strong Buy' Stocks With Dividends Expected to Rise This Week

Cigna

This is a solid value buy in the health care sector. Cigna Corp. (NYSE: CI) is a major health services organization that provides insurance and related products and services in the United States and internationally. All products and services are provided exclusively by or through operating subsidiaries of Cigna, including Cigna Health and Life Insurance Company, Life Insurance Company of North America, Cigna Life Insurance Company of Canada and their affiliates.

The health care giant offers an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits and other related products, including group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions, and it has approximately 86 million customer relationships throughout the world.

Cigna stock investors currently receive a dividend of 1.69%. It is expected that the dividend will jump to $1.20 per share from $1.00.

The Raymond James price target is $275, while the consensus target is $265.56. The shares were trading Friday morning at $231.25.

Corning

This company continues to be a huge player in the fiber optic world. Corning Inc. (NYSE: GLW) is a technology pioneer that manufactures LCD glass for flat-panel displays for multiple product lines.

Telecommunications (30% of sales) produces optical fiber and cable, component hardware and equipment, and photonic components for the telecommunications, CATV and networking industry. In addition, the company’s Environmental Technologies division (12% of sales) produces specialized glass, glass ceramic and polymer-based products for the automotive industry.

Shareholders now receive a 2.41% dividend, but it is expected to rise to $0.26 per share from $0.24.

The $45 BofA Securities target price compares to the consensus figure of $45.92. Corning stock traded at $42.65 early Monday.

Intercontinental Exchange

Trading volume is exploding and looks to continue, and this stock is a great way to play that theme. Intercontinental Exchange Inc. (NYSE: ICE) operates regulated exchanges, clearinghouses and listings venues for commodity, financial, fixed income and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel and Canada.

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