Market Movers: Six Dividend Stalwarts Poised for Friday's Trading
Investors seeking robust income streams and potential growth should pay close attention to these six dividend powerhouses set to make waves in Friday's market. From energy giants to real estate innovators, this diverse selection offers a blend of high yields and compelling valuations across various sectors.
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Ares Capital Corporation (ARCC)
Recent Price: $20.54
Price Target: $21.90
Ares Capital, a leader in middle-market financing, offers a tantalizing 9.35% dividend yield. Its focus on senior secured debt provides stability, but investors should be aware of its sensitivity to interest rate fluctuations.
Market Cap: $12.95B
Last Dividend Amount: $0.48
Expected Ex-Dividend Date: Sep 13 2024
Expected Payment Date: Sep 30 2024
Expected Dividend & Yield: 9.35%
BHP Group Limited (BHP)
Recent Price: $51.32
Price Target: $52.88
Global resources titan BHP Group boasts a diversified portfolio and a solid 5.69% yield. While its market position is strong, commodity price volatility remains a key risk factor.
Market Cap: $130.16B
Last Dividend Amount: $1.47
Expected Ex-Dividend Date: Sep 13 2024
Expected Payment Date: Oct 03 2024
Expected Dividend & Yield: 5.69%
Gaming and Leisure Properties, Inc. (GLPI)
Recent Price: $52.34
Price Target: $52.80
This REIT specializing in casino properties offers a generous 5.81% yield. Stable cash flows from long-term leases are attractive, but concentration in the gaming industry presents unique risks.
Market Cap: $14.36B
Last Dividend Amount: $0.76
Expected Ex-Dividend Date: Sep 13 2024
Expected Payment Date: Sep 27 2024
Expected Dividend & Yield: 5.81%
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In March 2022, the Federal Reserve raised interest rates for the first time in five years.
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The Fed's next move is about to have a similar ripple effect on ordinary folks across America.
Crown Castle Inc. (CCI)
Recent Price: $119.94
Price Target: $111.60
Communications infrastructure giant Crown Castle yields 5.22% and is well-positioned for the 5G revolution. However, high capital expenditures and potential technological disruptions warrant consideration.
Market Cap: $52.12B
Last Dividend Amount: $1.57
Expected Ex-Dividend Date: Sep 13 2024
Expected Payment Date: Sep 30 2024
Expected Dividend & Yield: 5.22%
Devon Energy Corporation (DVN)
Recent Price: $40.23
Price Target: $57.40
Devon Energy, focused on U.S. oil production, offers a 4.97% yield and strong free cash flow. Its exposure to oil price volatility is a key consideration for investors.
Market Cap: $25.19B
Last Dividend Amount: $0.44
Expected Ex-Dividend Date: Sep 13 2024
Expected Payment Date: Sep 30 2024
Expected Dividend & Yield: 4.97%
Public Storage (PSA)
Recent Price: $359.14
Price Target: $341.50
The largest U.S. self-storage operator, Public Storage, provides a 3.34% yield with a recession-resistant business model. Potential oversupply in certain markets is a factor to watch.
Market Cap: $62.86B
Last Dividend Amount: $3.00
Expected Ex-Dividend Date: Sep 13 2024
Expected Payment Date: Sep 30 2024
Expected Dividend & Yield: 3.34%
As Friday's trading approaches, these dividend stalwarts offer a mix of income potential and growth opportunities across diverse sectors. Investors should weigh the unique strengths and risks of each company when considering their portfolio allocations.
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