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After years of low interest rates (although those rates are now rising more rapidly), many investors have turned to equities, not only for the growth potential, but also for strong and reliable dividends, which help to provide a stream of income. This equates to total return, which is one of the most powerful investment strategies. As interest rates rise, these stocks still make sense for investors looking for solid growth and income potential.
We like to remind readers of the impact of total return on portfolios because it’s one of the best ways to improve the odds of overall investment success. Again, total return is the combined increase in a stock’s value and dividends. For example, if you buy a stock at $20 that pays a dividend of 3% and it grows to $22 in one year, your total return is 13%. Or 10% for the increase in the share price and 3% for the dividends paid.
Four big companies that are Wall Street favorites and have exceptional ideas in today’s volatile markets are set to raise their dividends this week. Their shares are listed for buy in some of the biggest companies on Wall Street. While all three may not increase their dividends, top analysts expect them to, and generally the data is based on past increases in the company’s dividend payouts.
It is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.
Clorox
The title was a big winner during the early stages of the pandemic, but it sold out and offers the best entry point in over a year. Clorox Co. (NYSE: CLX) manufactures and markets consumer and professional products worldwide.
The Health and Wellness segment offers cleaning products, such as laundry additives and home care products, primarily under the brands Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex and Formula 409. It offers professional cleaning and disinfecting products under the CloroxPro, Clorox Healthcare and Clorox Total 360 brands; professional catering products under the Hidden Valley brand; and vitamins, minerals and supplements under the RenewLife, Natural Vitality, NeoCell and Rainbow Light brands in the United States.
The Household segment provides cat litter products under the Fresh Step, Scoop Away and Ever Clean brands; bags and packaging under the Glad brand; and grill products under the Kingsford and Kingsford Match Light brands in the United States. The Lifestyle segment offers salad dressings, dips, seasonings and sauces, primarily under the Hidden Valley brand. Its natural personal care products are branded Burt’s Bees, and its water filtration systems and filters are branded Brita in the United States.
Clorox stock investors currently receive a 3.22% dividend. The company is expected to raise the dividend to $1.20 per share from $1.16. Citigroup has a price target of $160, well above the consensus target of $135.67. Shares closed Friday’s trading session at $143.90.
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Investing in real estate helps diversify your portfolio. But expanding your horizons can come with additional costs. If you are an investor looking to minimize your expenses, consider checking out online brokers. They often offer low investment fees, which helps you maximize your profits.
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