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

The company operates marketplaces for listing, trading and clearing an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange and equities, as well as corporate and exchange-traded funds. Its trading venues include 12 regulated exchanges and six clearinghouses, and it offers futures and options products for energy, agricultural and metals, financial, cash equities and equity, over-the-counter and other markets, as well as listings and data and connectivity services.

Intercontinental Exchange also provides fixed income data and analytic, fixed income execution, CDS clearing, and other multi-asset class data and network services. In addition, the company offers proprietary and comprehensive mortgage origination platform, which serves residential mortgage loans; network and closing solutions that provide customers connectivity to the mortgage supply chain and facilitates the secure exchange of information; data and analytics services; and data as a service for lenders to access data and origination information.

Shareholders currently receive a 1.06% dividend. The company is expected to lift the dividend by three cents per share to $0.36.

Citigroup recently raised its $160 target price to $165. The consensus target for Intercontinental Exchange is $157.81, and shares recently were trading at $124.75.

L3 Harris Technologies

This merged company giant is now the sixth-largest defense company. L3 Harris Technologies Inc. (NYSE: LHX) is an agile global aerospace and defense technology innovator engaged in the provision of defense and commercial technologies across air, land, sea, space and cyber domains.

Its Integrated Mission Systems segment includes intelligence, surveillance and reconnaissance; advanced electro optical and infrared; and maritime power and navigation. The Space and Airborne Systems segment comprises space payloads, sensors and full-mission solutions; classified intelligence and cyber defense; avionics; and electronic warfare.

Top Wall Street analysts have felt for some time that the company is situated well in the high growth buckets of the Defense Department budget, and many believe the business is not as short-cycle as the market historically has perceived. Merger synergies give the business a unique path to cash flow and margin upside, along with above-average revenue growth.

Shareholders receive a 1.87% dividend. A huge dividend hike is expected, from $1.02 to $1.21 per share.

Wolfe Research’s Wall Street high price target on L3 Harris Technologies is $266. The shares have traded as high as $246.08 in the past year but were last seen changing hands at $209.85 apiece.

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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