5 'Strong Buy' Blue Chips Expected to Raise Dividends This Week

Molson Coors Brewing

While the iconic American beer company did merge with a Canadian beer giant, it is still based in Denver, and nothing beats a cold beer on the Fourth of July. Molson Coors Beverage Co. (NYSE: TAP) is one of the world’s largest brewers (more than a 3% global share) with core brands Coors Light, Miller Lite, Carling, Molson Canadian and Staropramen.

Molson and Coors merged in February 2005 and added StarBev in 2012, and it serves markets including the United States, Canada, Eastern Europe and the United Kingdom and Ireland, with exposure to other markets through its Molson Coors International division. It acquired the remainder (58%) of the U.S. joint venture (MillerCoors) in mid-October 2016.

The Coors light brand remains a huge favorite with Generation X and baby boomers, who were all around when the light beer revolution started. The company is now working on opportunities to market a cannabis-infused product.

Shareholders receive a 2.74% dividend. The expected dividend increase is to $0.42 per share from $0.38. The $61 Citigroup price target on the Buy-rated shares is higher than and the $55.00 consensus target. Molson Coors Brewing stock closed on Friday at $55.50.

Morgan Stanley

This is another of Wall Street’s white-glove firms, and it may be among the best buys among the banking and investment stocks. Morgan Stanley (NYSE: MS) is a global investment bank with leading positions in investment banking (M&A and equity underwriting), equity trading and wealth management, which contributes nearly 50% of firmwide revenues. The firm also has an asset management business, which adds to the lower-risk business profile the firm has pursued since the financial crisis.

In 2020, the Wall Street investment bank completed a $13 billion purchase of discount brokerage E-Trade. With 5.2 million customers, E-Trade was once a revolutionary platform that “helped usher in a dramatic shift among financial services firms” and fueled the rise of indexes and exchange-traded funds, making investing vastly easier for do-it-yourself investors.

Morgan Stanley pays investors a 3.65% dividend. The company is expected to lift the dividend to $0.775 per share from $0.700. Credit Suisse has an Outperform rating and a $95 price target, while the consensus target is near $96. Morgan Stanley stock ended Friday’s trading at $76.73 a share.

These top companies have stocks rated Buy across Wall Street, and they are expected to lift the dividends they pay to shareholders. Not only is increasing dividends and returning capital to investors important, but it shows that the company is doing well and has the earnings and cash flow strength to increase those payouts.

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