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March Dividend Kings: 5 Buys, 4 To Watch

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Pretty tiny corgi canine wearing royal costume crown connected achromatic background. transcript space

Ирина Мещерякова

Foreword

As supplement to this article, please statement that Dogs of nan Dow has published a 2023 database detailing nan latest 47 Dividend Kings. The article, entitled 2023 Dividend Kings List, is on-line now.

While astir of this postulation of 47 Kings is excessively pricey to warrant their skinny dividends, 5 of nan top-ten, by yield, unrecorded up to nan perfect of offering yearly dividends (from a $1K investment) exceeding their azygous stock prices, and this period location are 4 much to watch,

In nan existent marketplace adjustment, it is now imaginable for Altria Group Inc (MO), Universal Corp (UVV), Leggett & Platt Inc (LEG), Canadian Utilities Ltd (OTCPK:CDUAF), and V.F. Corp (VFC) to enactment fair-priced pinch their yearly output (from $1K invested) gathering aliases exceeding their azygous stock prices.

The 4 to watch are Northwest Natural Holding Co (NWN), Black Hills Corp (BKH), 3M Company (MMM), and Federal Realty Investment Trust (FRT). NWN needs to driblet conscionable $3.52 successful value aliases 7.4%; BKH tin shed $12.70 successful price; MMM is $30.32 overweight, and FRT needs to suffer $42.27 to subordinate nan perfect five.

As we adjacent nan three-year marks of nan 2020 Ides of March dip, nan clip to snap-up those 5 lingering apical output dividend King dogs is astatine hand... unless different large bearish driblet successful value looms ahead. (At which clip your strategy would beryllium to adhd to your position successful immoderate of those you past hold.)

Actionable Conclusions (1-10): Analysts Predict 15.54% To 31.75.% Top-Ten King Net Gains To March 2024

Three of nan 10 apical Kings by output were verified arsenic being among nan apical 10 gainers for nan coming twelvemonth based connected expert 1-year target prices. (They are tinted grey successful nan floor plan below.) Thus, this yield-based February 24 forecast for Kings (as graded by Brokers) was 30% accurate.

Estimated dividend returns from $1000 invested successful each of these highest-yielding stocks and their aggregate one-year expert median target prices, arsenic reported by YCharts, produced nan 2023-24 information points for nan projections below. (Note: target prices from lone-analysts were not used.) Ten probable profit-generating trades projected to March, 2024 were:

KING (1A) 10GAINERS MAR 23-24

Source: YCharts.com

V.F. Corp was projected to nett $317.52 based connected dividends, positive nan median of target value estimates from 21 analysts, little agent fees. The Beta number showed this estimate taxable to risk/volatility 44% much than nan marketplace arsenic a whole.

National Fuel Gas Co (NFG) was projected to nett $255.56, based connected dividends, positive nan median of target value estimates from 4 analysts, little agent fees. The Beta number showed this estimate taxable to risk/volatility 31% little than nan marketplace arsenic a whole.

Emerson Electric Co (EMR) netted $254.04 based connected a median target value estimate from 20 analysts, positive dividends, little agent fees. The Beta number showed this estimate taxable to risk/volatility 38% much than nan marketplace arsenic a whole.

Abbott Laboratories (ABT) was projected to nett $214.76, based connected a median of target estimates from 21 analysts, positive dividends, little agent fees. The Beta number showed this estimate taxable to risk/volatility 33% little than nan marketplace arsenic a whole.

3M Company was projected to nett $199.97, based connected nan median of target value estimates from 18 analysts, positive dividends, little agent fees. The Beta number showed this estimate taxable to risk/volatility 50% greater than nan marketplace arsenic a whole.

Northwest Natural Holding Co was projected to nett $184.65, based connected nan median of target value estimates from 7 analysts, positive dividends, little agent fees. The Beta number showed this estimate taxable to risk/volatility 42% little than nan marketplace arsenic a whole.

Johnson & Johnson (JNJ) was projected to nett $182.69 based connected target value estimates from 19 analysts, positive yearly dividend, little agent fees. The Beta number showed this estimate is taxable to risk/volatility 46% little than nan marketplace arsenic a whole.

Lowe's Companies Inc (LOW) was projected to nett $175.33, based connected nan median of target value estimates from 29 analysts, positive nan estimated yearly dividend, little agent fees. The Beta number showed this estimate taxable to risk/volatility 13% much than nan marketplace arsenic a whole.

Sysco Corp (SYY) was projected to nett $164.42, based connected dividends, positive nan median of target value estimates from 14 analysts, little agent fees. The Beta number showed this estimate taxable to risk/volatility 10% greater than nan marketplace arsenic a whole.

The Coca-Cola Company (KO) was projected to nett $155.39, based connected dividends, positive nan median of target value estimates from 25 analysts, little agent fees. The Beta number showed this estimate taxable to risk/volatility 45% little than nan marketplace arsenic a whole.

The mean nett summation successful dividend and value was estimated to beryllium 21.04% connected $10k invested arsenic $1k successful each of these 10 stocks. The mean Beta ranking showed these estimates taxable to risk/volatility 4% little than nan marketplace arsenic a whole.

KING (2) KPDOG MAR/23 Open root canine creation (3) from dividenddogcatcher.com

Source: Open root canine creation from dividenddogcatcher.com

The Dividend Dogs Rule

Stocks earned nan "dog" moniker by exhibiting 3 traits: (1) paying reliable, repeating dividends, (2) their prices fell to wherever (3) output (dividend/price) grew higher than their peers. Thus, nan highest yielding stocks successful immoderate postulation became known arsenic "dogs." More precisely, these are, successful fact, champion called, "underdogs," moreover if they are "Kings" and "Princes."

Top 47 Dividend Kings By Broker Targets

KING (3A) 43BYTGT 1-47 MAR23-24

Sources: dogsofthedow.com/YCharts.com

This standard of broker-estimated upside (or downside) for banal prices provides a measurement of marketplace popularity. Note: nary agent sum aliases azygous agent sum produced a zero people connected nan supra scale. These agent estimates tin beryllium seen arsenic nan affectional constituent (as opposed to nan strictly monetary and nonsubjective dividend/price yield-driven study below). As noted above, these scores whitethorn besides beryllium regarded arsenic contrarian.

Top 47 Dividend Kings By Yield

KING (3B) 47BYYIELD 1-47 MAR 23-24

Source: dogsofthedow.com/YCharts.com

Actionable Conclusions (11-20): Ten Top Stocks By Yield Are The March Dogs Of Kings

Top 10 Kings selected 2/24/23 by output represented six of eleven Morningstar sectors. In first spot was Altria Group Inc. [1], nan tops of 2 consumer defensive representatives listed. The different placed second, Universal Corp [2].

Then, nan lone industrials assemblage typical placed third, 3M Co [3]. The first of 2 consumer cyclical representatives took 4th place, Leggett & Platt Inc [4]. The different placed sixth, V.F. Corp.

In 5th place, was nan first of 3 utilities, Canadian Utilities Ltd [5]. Thereafter, successful seventh was, Northwest Natural Holding Co [7], followed by Black Hills Corp [9].

Eighth spot was claimed by nan lone real property representative, Federal Realty Investment Trust [8].

Finally, to complete these March top-ten Kings, by yield, a lone healthcare typical placed tenth, AbbVie Inc (ABBV) [10].

KING (4) UP/DNSIDES MAR 23-24

Source: YCharts.com

Actionable Conclusions: (21-30) Top Ten Kings Showed 13.47% To 27.79% Upsides Into March 2023; (31) On The Downside Were Three -1.03% To -7.69% Losers

To quantify top-yield rankings, expert median price-target estimates provided a "market sentiment" gauge of upside potential. Added to nan elemental high-yield metrics, expert median price-target-estimates became different instrumentality to dig-out bargains.

Analysts Estimated A 4.82% Advantage For 5 Highest Yield, Lowest Priced, of Top-Ten Dividend Kings To March, 2024

Ten apical Kings were culled by output for their monthly update. Yield (dividend/price) results verified by YCharts did nan ranking.

KING (5)10LIST MAR23-24

Source: YCharts.com

As noted above, apical 10 Kings selected 2/24/23 showing nan highest dividend yields represented six of eleven successful nan Morningstar assemblage scheme.

Actionable Conclusions: Analysts Estimated The 5 Lowest-Priced Of Ten Highest-Yield Dividend Kings (32) Delivering 12.66% Vs. (33) 12.06% Net Gains by All Ten by March 2024

KING (6) 10GAINS MAR23-24

Source: YCharts.com

$5000 invested arsenic $1k successful each of nan 5 lowest-priced stocks successful nan apical 10 Dividend Kings kennel by output were predicted by expert 1-year targets to present 4.82% much summation than $5,000 invested arsenic $.5k successful each ten. The very lowest-priced Kings top-yield stock, V.F. Corp, was projected to present nan champion nett summation of 31.75%.

KING (7)10BYPRICE MAR23-24

Source: YCharts.com

The 5 lowest-priced top-yield Dividend Kings arsenic of February 24 were: V.F. Corp; Canadian Utilities Ltd; Leggett & Platt Inc; Altria Group Inc; Northwest Natural Holding Co, pinch prices ranging from $24.18 to $47.58

The 5 higher-priced top-yield Dividend Kings and Princes for February 24 were: Universal Corp; Black Hills Corp; Federal Realty Investment Trust; 3M Co; AbbVie Inc, whose prices ranged from $51.19 to $152.71.

This favoritism betwixt 5 low-priced dividend dogs and nan wide section of 10 reflected Michael B. O'Higgins' "basic method" for beating nan Dow. The standard of projected gains based connected expert targets added a unsocial constituent of "market sentiment" gauging upside potential. It provided a here-and-now balanced of waiting a twelvemonth to find retired what mightiness hap successful nan market. Caution is advised, however, since analysts are historically only 20% to 85% meticulous connected nan guidance of alteration and conscionable 0% to 15% meticulous connected nan grade of change.

Afterword

If someway you missed nan proposal of nan 5 stocks ripe for picking astatine nan commencement of nan article, present is simply a repetition of nan database astatine nan end:

The pursuing 5 (as of 2/24/23) realized nan perfect of offering yearly dividends from a $1K finance exceeding their azygous stock prices: Altria Group Inc, Universal Corp, Leggett & Platt Inc, Canadian Utilities Ltd, and V.F. Corp. Four much carnivore watching, NWN needs to driblet conscionable $3.52 successful value aliases 7.4%; BKH tin shed $12.70 successful price; MMM is $30.32 overweight, and FRT needs to suffer $42.27 to subordinate nan perfect five.

Price Drops aliases Dividend Increases Could Get All Ten Top Dividend Kings Back to "Fair Price" Rates For Investors

KING (8)RecentVSFairPrices MAR23-24

Source: YCharts.com

Since 5 of nan apical 10 Dividend K&P shares are now priced little than nan yearly dividends paid retired from a $1K investment, nan apical floor plan beneath shows nan dollar and percent differences betwixt caller and adjacent prices. Note that NWN was conscionable $5.18 complete nan mark. All others are wrong $32 to $72 of being there. The mediate floor plan compares nan 5 ideals pinch 5 astatine caller prices. Fair pricing (when each 10 apical dogs conform to nan ideal) is displayed successful nan bottommost chart.

March Dividend Kings Alphabetical by Ticker Symbol

K&P (9) AlphaListByTicker MAR 23-24

Source: Dogsofthedow.com

The nett gain/loss estimates supra did not facet successful immoderate overseas aliases home taxation problems resulting from distributions. Consult your taxation advisor regarding nan root and consequences of "dividends" from immoderate investment.

Stocks listed supra were suggested only arsenic imaginable reference points for your Dividend Aristocrats canine banal acquisition aliases waste investigation process. These were not recommendations.

Editor's Note: This article discusses 1 aliases much securities that do not waste and acquisition connected a awesome U.S. exchange. Please beryllium alert of nan risks associated pinch these stocks.

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