Investing

Apple and 5 Other Analyst Favorite Blue Chips Expected to Raise Dividends This Week

The Aerospace Systems segment offers flight control, hydraulic, fuel, fluid conveyance and engine systems and components for commercial and military airframe and engine programs. It also provides electronics thermal management heat rejection systems and single-phase and two-phase heat collection systems for radar, inverse synthetic aperture radar and power electronics.

Shareholders receive a 1.50% dividend. The company is expected to raise the $1.03 per share dividend all the way to $1.37. The $350 Jefferies price target on the Buy-rated stock is less than the $358.71 consensus target. Parker-Hannifin stock closed nearly 4% lower on Friday at $277.07.

PepsiCo

This top consumer staples provider soon will be supplying the goods for summer picnics. PepsiCo Inc. (NYSE: PEP) operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s and Ruffles potato chips; Doritos, Tostitos and Santitas tortilla chips; and Cheetos cheese-flavored snacks, branded dips and Fritos corn chips.

The Quaker Foods North America segment provides Quaker oatmeal, grits, rice cakes, natural granola and oat squares, as well as the recently name-changed Aunt Jemima mixes and syrups, and Quaker Chewy granola bars, Cap’n Crunch cereal, Life cereal and Rice-A-Roni side dishes.

PepsiCo’s North America Beverages segment offers beverage concentrates, fountain syrups and finished goods under the Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Tropicana Pure Premium, Sierra Mist and Mug brands, as well as ready-to-drink tea and coffee, and juices.

Shareholders currently receive a 2.50% dividend. A dividend increase to $1.15 a share from $1.075 is projected. Morgan Stanley has set an Overweight rating on PepsiCo stock. The firm’s $188 price target compares with a $180.05 consensus target and Friday’s close at $172.15.

Raytheon Technologies

This company has a diversified mix of business and makes sense for investors with war raging in Eastern Europe. Raytheon Technologies Corp. (NYSE: RTX) is an industry leader in defense, government electronics, space, information technology and technical services.

With a history of innovation spanning 97 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries. In 2020, United Technologies and Raytheon agreed to merge their businesses to create this new aerospace and defense powerhouse.

Investors now receive a dividend of 2.03%. The expected dividend hike is to $0.545 per share from $0.515. Morgan Stanley’s Overweight rating is accompanied by a $124 target price. Raytheon Technologies stock has a consensus target of $111.89. The stock closed at $100.49 on Friday.


These six top blue chip companies with stocks 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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