MaxDividends Stocks of the Week 07/10/2024
Top 10 High Yield Dividend Growth Undervalued Stocks | Dividend Yield 4,56%
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Top Stocks of the Week
Every week, We handpick top high yield dividend growing reliable undervalued / fairy valued stocks to invest in using the MaxDividends strategy. Best fit for DGI strategy and long-term dividend investors.
These companies offer high, growing dividends, are profitable, and financially stable at the time of publication.
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We have updated full list of MaxDividends Stocks. Some companies were excluded and new ones added. All the changes are marked in the today’s weekly top 10. Let’s take a look on today’s insights.
Table of Content
Dividend News & Market Overview
Top 10 of the Week USA with comments and insights
Top 10 of the Week Global with comments and insights
Top 3 the Most Promising Dividend Ideas of the Week
My Short List Updates for This Week. Plan of the Week
Dividend Market Overview
A Deep Dive into Last Week's Big Payout Moves
Last week saw some serious action in the dividend world, with global companies stepping up and delivering significant boosts to their payouts.
In total, $606.1 billion in dividends were distributed worldwide during the second quarter of 2024, with the banking sector driving a lot of that growth. Out of all the companies, 92% either raised or held their dividends steady, with the U.S. leading the charge, distributing $161.5 billion.
Now, let’s take a closer look at the big names that made waves with some notable dividend hikes:
Lockheed Martin (LMT):
Lockheed Martin decided to reward its shareholders by increasing its quarterly dividend by 4.76%, raising it to $3.30 per share. This marks 20 consecutive years of consistent dividend growth, making Lockheed a rock-solid performer for dividend investors.
Cal-Maine Foods (CALM):
The biggest mover of the week, Cal-Maine, made an impressive statement by delivering a 32.47% increase to its dividend, raising it to $1.02 per share. That’s a major jump, proving Cal-Maine is committed to returning value to its shareholders in a big way.
RPM International (RPM):
RPM International continues its impressive streak, upping its quarterly dividend by 10.87% to $0.51 per share. As a company with a 50-year track record of growing dividends, RPM shows why it’s a reliable choice for dividend-focused investors.
Cisco Systems (CSCO):
Cisco Systems isn’t letting up, raising its dividend by 3.03% to $0.40 per share. Since it started paying dividends back in 2011, Cisco has been a steady performer, consistently increasing its payouts year after year.
Franklin Resources (BEN):
Rounding out the week’s major dividend moves, Franklin Resources boosted its dividend by 6.23%, raising it to $0.31 per share. As a Dividend Aristocrat with 41 consecutive years of dividend increases, Franklin remains a powerhouse in the financial sector.
With strong dividend increases like these, investors have plenty to look forward to as we head into the next quarter. Keep your eyes peeled for even more dividend action!
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Other Dividend Facts from Last Week
The past week in dividends offered a little bit of everything—tech giants rewarding shareholders, food companies dishing out profits, and a few surprises from the industrial sector. Let’s break down the highlights and see who’s making your portfolio a little richer (or at least a bit more stable).
Comcast Corporation (CMCSA): Still Broadcasting Success
15+ years of dividend payments without interruption. 9x dividend growth since 2009.
In the media and telecom world, Comcast is doing more than just streaming shows and providing broadband. The company is also delivering a $0.31 per share dividend to its investors. Comcast’s solid dividends reflect its strong position in both traditional media and its growing digital assets. The company quietly continues to rake in cash from its diversified services.
Mondelez International (MDLZ): Sweet, Sweet Dividends
15+ years of dividend payments without interruption. 10 consecutive years of increases.
There’s nothing quite like a company that makes snacks while making you money. Mondelez, the brand behind Oreos and Cadbury, continues to reward investors with some sweet dividends. The company declared $0.47 per share last week. Mondelez has an impressive ability to capitalize on global snack cravings while consistently paying out dividends. Over the years, it’s become a staple in many income-focused portfolios.
Sysco Corporation (SYY): Feeding the Dividend Beast
15+ years of dividend payments without interruption. 8 consecutive years of increases.
The food distribution giant declared a $0.51 per share dividend last week, proving once again that it’s a reliable player in the dividend world. Sysco supplies restaurants and institutions worldwide, and despite the ups and downs of the economy, the company has consistently rewarded shareholders with steady dividend growth. So the next time you see a Sysco truck, give it a nod of appreciation—it’s quietly working hard for your portfolio.
Illinois Tool Works (ITW): Industrial Strength Dividends
Increased its payout for over 50 consecutive years. That’s right, this is a Dividend King
Let’s talk tools. Illinois Tool Works (ITW), a global leader in industrial equipment, declared a solid $1.50 per share dividend last week. While ITW might not be making flashy headlines, it’s one of those behind-the-scenes companies that keep industries running smoothly.
Cardinal Health (CAH): Healthcare Meets Income
13 consecutive years of dividends increase.
In the healthcare space, Cardinal Health remains a rock for income investors. Last week, it declared a $0.5056 per share dividend, continuing its tradition of regular payouts. While the healthcare sector can be volatile due to shifting regulations and market forces, Cardinal Health’s dividend provides stability for those looking for consistent income in an unpredictable market.
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And there you have it—a quick look at some of the biggest moves in the dividend world from last week. From tech to food to industrials, these companies are actively rewarding their shareholders, proving once again that dividends aren’t confined to just one corner of the market.
Next week promises to be just as exciting, with more news about who’s giving their shareholders a raise and who’s tightening the belt. Stay tuned—there’s plenty more dividend action to come!
Now, let’s break down the hottest Undervalued High Yield Dividend Growth Ideas of the week. The one’s my team and I choose for our own dividend portfolios right now as the most stable and promising.
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Top 10 of the Week USA
Top 10 Undervalued High Yield Dividend Growth Ideas of the week
⭐️ Week 07/10/2024 MaxDividends USA Stocks
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