Investing

5 Analyst Favorite Stocks to Buy With Dividends Expected to Rise This Week

Shoe Carnival

If there is one item that never goes out of favor, it is shoes and accessories, and with a huge selection, this stock has solid upside potential. Shoe Carnival Inc. (NASDAQ: SCVL) operates as a family footwear retailer in the United States.

The company offers various dress, casual and athletic footwear products for men, women and children, as well as such accessories as socks, belts, shoe care items, handbags, hats, sport bags, backpacks, water bottles and wallets. As of January 30, 2021, the company operated 383 stores in 35 states and Puerto Rico. It also sells its products online and through mobile applications.

Shareholders receive a 0.96% yield, but the $0.070 a share dividend is expected to increase to $0.075. Monness Crespi & Hardt has set a $42 price objective. The consensus target is higher at $49.67. The stock traded at $29.90 early Monday.

Qualcomm

This stock has been trading sideways since November and could be poised to break out when things settle down some. Qualcomm Inc. (NASDAQ: QCOM) engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

The Qualcomm CDMA Technologies segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia and global positioning system products.

The Qualcomm Technology Licensing segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA, LTE and OFDMA-based 5G standards and their derivatives.

The Qualcomm Strategic Initiatives segment invests in early-stage companies in various industries (including 5G, artificial intelligence, automotive, consumer, enterprise, cloud and Internet of Things) and investment for supporting the design and introduction of new products and services for voice and data communications, new industries and applications. It also provides development and other services and related products to U.S. government agencies and their contractors.

The current yield is 1.79%, but the company is expected to increase the dividend by seven cents per share to $0.75. The $200 price target at Baird was recently lifted to $250. The consensus target on Qualcomm stock is lower at $219.63, and shares were trading at $147.35 apiece.


These five top blue-chip companies that are rated Buy across Wall Street are expected to lift the dividends they pay to shareholders. 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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