4 Stocks That Recently Announced Dividend Hikes
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The domestic macroeconomic scenario in the United States is favorable after the Federal Reserve’s interest-rate easing, declining inflation numbers, and resilient labor market. If future incoming data remains favorable the Fed plans to gradually bring back the key interest rates to the 2.75-3% range by 2026. However, investors are more worried about the Middle East conflict. The growing war situation hasdisrupted the global supply chain and pushed oil prices higher.
Amid such volatile market conditions, investors who wish to diversify their portfolio can invest in dividend-paying stocks. Companies that pay out dividends consistently indicate a healthy business model. Stocks that have raised dividends recently exhibit a sound financial structure and can counter market upheavals. Some of the prominent names are RPM International RPM, Lockheed Martin LMT, Bank OZK OZK and American Financial Group AFG.
Middle East Tensions Drive Crude Oil Prices
Crude oil prices surged due to rising tensions in the Middle East over the past week. The growing concerns on how Israel would respond to Iran's missile strikes have led to an increase, in crude oil prices. Higher energy prices for an extended period raise the possibility of an increase in petrol, gas, and electricity bills, pushing up the inflation rate.
U.S. Predental Election Ahead
All eyes are on the upcoming U.S. Presidential Election which is scheduled for next months. Amid the tussle between Republicans and Democrats, stock markets could enter one of its most volatile periods over the years and witness a variety of policy changes.
Dividend Stocks to Watch: RPM, LMT, OZK, AFG
Given the high volatility in the market, stocks that tend to reward investors with a high dividend payout outperform non-dividend-paying stocks in a highly volatile market.
RPM International
RPM International manufactures and markets high-performance coatings, sealants and specialty chemicals, primarily for maintenance and improvement applications. This Medina, OH-based company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
On Oct. 3, RPM declared that its shareholders would receive a dividend of 51 cents a share on Oct. 31, 2024. RPM has a dividend yield of 1.4%.
Over the past five years, RPM has increased its dividend six times, and its payout ratio presently sits at 36% of earnings. Check RPM International’s dividend history here.
RPM International Inc. Dividend Yield (TTM)
RPM International Inc. dividend-yield-ttm | RPM International Inc. Quote