3 promotions with profitability from 3% to 9%. News ad

Since firms continue to release financial results in the late calendar The season of earnings Q1Ads Dividends increase Also continue. Some of the last ads are especially noteworthy. This is because several companies that already have Weekend revenue reserves Increase their quarterly payments even more.

Below are details about three names with yield from 3% to 9%, which recently added more juice to their dividends. All metrics use the data as of May 30 close, unless otherwise indicated.

The presenter in the industry productivity Medtronic has just received another shot in his hand

At first – a huge player in the healthcare sector, Medtronic (NYSE: MDT). The company is one of the six global shares in the field of healthcare and the supply of industry with a market capitalization of more than $ 100 billion. Medtronic announced on May 21 that he had raised his Quarterly dividends Up to 71 centers per regular action. This corresponds to the annual dividend in the amount of $ 2.84 for a regular action. The next quarterly dividend will be paid on July 11 to the records of records at the end of the business on June 27. Despite the fact that in the annual increase in dividends there will be only 4 cents per share.

Increase in the mark Medtronic’s 48 years in a row of increase in dividendsThe company’s dividend profitability in the future is now a little more than 3.4%, which is a very solid figure. This is especially true, since income Six shares in the Medtronic industry are mentioned above.

The next highest profitability was obtained from Abbott Laboratories (NYSE: ABT) by 1.8%. Medtronic profitability is also included in the top five among the shares in its industry with a market capitalization of more than $ 10 billion. Over the past 12 months, the company has also reached a clean share in the amount of about 2.7 billion dollars.

An increase in dividends by 3% receives food flowers on the verge of 6%

Flowers Foods (NYSE: FLO) is a much smaller company than Medtronic; Nevertheless, its dividend profitability is exactly the opposite. Approximately 3.6 billion dollars of the company is a huge manufacturer of packed pastries and bread. He owns brands such as Wonder Bread, Mater’s Some and Dave’s Killer Hread. On May 22, the company announced an increase by 3.1% to its quarterly dividend, increasing the payment of to 25 cents per share.

This is equal to the annual payment of dividends in the amount of 99 cents. The next quarterly dividend is paid on June 19 to the recording shareholders on June 5. This increase in dividends currently puts the company’s profitability by 5.8%. This profitability is among the five best when considering shares in US consumer goods worth more than $ 3 billion.

Lyb: Massive +9% income with +10% growth potential

The latter is Lyondellbasell Industries (NYSE: Lyb). This company for the production of basic materials produces a wide range of chemicals, primarily those used in production plastics. It also makes chemicals that improve gasoline burning and engineering plastics for things such as automobile parts. On May 23, the company announced an increase in 2 by 2.2% to its quarterly dividend, which passes to $ 1.37 per share. The company will pay dividends to shareholders on June 9 with a record date on June 2.

Lyondellbasell has increased its dividends for 15 years in a row. In addition, shares now have a tremendous dividend yield of 9.7%. This is considered the second largest among all shares in the S&P 500 index. Only DOW (NYSE: DOW), another chemical company, has a slightly higher exit by 10.1%. Both of these shares were faced with serious failures in the recent past, which is an important cause of their very high yield. Over the past 52 weeks, the DOW had a total yield of about -47%. For LYB, the number is -38%.

Nevertheless, recent price target indicators show that LYB is somewhat underestimated or, at least, not overvalued. Among the updates that are monitored by Marketbeat after the last release of the company’s profit on April 25, the average price is a little less than $ 63. This involves 11% of the growth of shares compared to the closing price of May 30. In combination with the high dividend yield, the achievement of this price goal will create a very reliable profit will be about 20%. Nevertheless, the achievement of this assessment in the shares is not at all sure.

These shares have one of the highest dividends in their relevant industries, which helps these recent increase. Lyondellbasell Industries, in particular, stands out for one of the highest income in the market and its potential for moderate growth.

Companies mentioned in this article:

Company	The current price	Changing the price	Dividend yield	P/e ratio.	Consensus -rating	Consensus target price
Lyondellbasell Industries (Lyb)	$ 54.40	-3.7%	10.07%	13.14	Hold	$ 69.75
Medtronic (MDT)	$ 83.73	+0.9%	3.39%	25.45	Moderate purchase	$ 97.00
Flowers products (Flo)	$ 16.60	-1.8%	5.96%	14.19	Reduce	$ 19.25

About Leo Miller

Experience

Leo Miller has been a writer for DividendStocks.com since 2024.

Passed the CFA II CFA exam

Areas of experience

Fundamental analysis, economics, industry and sector.

Education

Bachelor in the field of business administration, finance, Washington University

Past experience

Investment researcher in a registered investment consultant, analytics of Sungarden Investment Publishing