4 'Strong Buy' Stocks With Dividend Hikes Expected This Week

Essential Utilities

This off-the-radar stock looks like a very solid play for the rest of 2022, especially for worried investors. Essential Utilities Inc. (NYSE: WTRG) operates regulated utilities that provide water, wastewater or natural gas services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and other parties.

The company also provides non-utility raw water supply services for firms in the natural gas drilling industry, as well as water and sewer line protection solutions and repair services to households through a third party.

Essential Utilities serves approximately 7.5 million residential water, commercial water, fire protection, industrial water, wastewater and other water and utility customers in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, West Virginia and Kentucky under the Aqua and Peoples brands. The company was formerly known as Aqua America and changed its name in February 2020.

Investors receive a dividend of 2.26%. The $0.2682 per share dividend is expected to increase to $0.2858. Wells Fargo’s price objective for Essential Utilities stock is $54. The consensus target is $53.55, and the shares closed almost 4% higher on Friday at $47.44.

John B. Sanfilippo

If you are a fan of snacking, especially with nuts, then this is a stock for you. John B. Sanfilippo & Son Inc. (NASDAQ: JBSS) through its subsidiary JBSS Ventures, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts and filberts in various styles and seasonings.

It also offers peanut butter in various sizes and varieties; snack and trail mixes, salad toppings, snacks, snack bites, dried fruit, and chocolate and yogurt coated products; baking ingredients; bulk food products; sunflower kernels, pepitas, almond and cashew butter, candy and confections, corn snacks, chickpea snacks, sesame sticks and other sesame snack products; and various toppings for ice cream and yogurt. In addition, the company operates a retail store.

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