This Week's Cash Flow Royalty: Reign Supreme with These 6 Dividend Aristocrats
Income investors, take note: These powerhouse dividend payers were meticulously selected to safeguard your wealth. From energy mavens commanding pricing power, to homebuilding leaders riding unstoppable housing demand, to diversified cash cows with recession-resistant businesses - this elite crop promises rising streams of passive income.
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Dive into these dividend stalwarts:
Aon plc (AON)
Price Target: $320.00
Recent Price: $298.95
Aon plc is a leading global provider of risk management services, insurance brokerage, and human resource solutions. The company's diversified service offerings and global reach position it to benefit from increasing demand for risk management and employee benefits services. However, Aon's growth prospects may be tempered by potential economic headwinds and intense competition in the industry. The company's modest dividend yield and mixed analyst sentiment suggest a cautious approach, but its dominant market position and potential for strategic acquisitions could drive long-term value.
Market Cap: $65.00B
Last Dividend Amount: $0.68
Expected Ex-Dividend Date: Aug 01 2024
Expected Payment Date: Aug 15 2024
Expected Dividend & Yield: 0.90%
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D.R. Horton, Inc. (DHI)
Price Target: $192.00
Recent Price: $172.70
D.R. Horton, Inc. is a leading national homebuilder with a strong presence across multiple regions in the United States. The company's focus on entry-level and move-up markets positions it well to capitalize on the ongoing housing demand. However, D.R. Horton's performance is closely tied to the cyclical nature of the housing market, and it may face challenges from rising interest rates and economic uncertainty. The company's modest dividend yield and robust analyst upside suggest potential for growth, but investors should consider the risks associated with the housing sector.
Market Cap: $56.31B
Last Dividend Amount: $0.30
Expected Ex-Dividend Date: Aug 01 2024
Expected Payment Date: Aug 08 2024
Expected Dividend & Yield: 0.69%
Valero Energy Corporation (VLO)
Price Target: $177.40
Recent Price: $157.00
Valero Energy Corporation is a leading independent refiner and marketer of petroleum products, with a strong presence in the United States, Canada, and the United Kingdom. The company's diverse refining operations and exposure to the petrochemical industry position it to benefit from favorable market conditions and rising demand for energy products. However, Valero's performance is closely tied to volatile commodity prices and cyclical industry trends. The company's attractive dividend yield and significant analyst upside suggest potential for value creation, but investors should consider the risks associated with the energy sector.
Market Cap: $51.34B
Last Dividend Amount: $1.07
Expected Ex-Dividend Date: May 30 2024
Expected Payment Date: Jun 28 2024
Expected Dividend & Yield: 2.73%
ONEOK, Inc. (OKE)
Price Target: $87.60
Recent Price: $81.40
ONEOK, Inc. is a leading energy company focused on natural gas and natural gas liquids (NGL) businesses. The company's strategically located assets and exposure to growing production regions position it to benefit from increasing demand for natural gas and NGLs. However, ONEOK's performance may be impacted by volatile commodity prices and potential regulatory changes in the energy sector. The company's attractive dividend yield, strong analyst upside, and defensive business model make it an appealing choice for income-oriented investors, but they should consider the inherent risks of the energy industry.
Market Cap: $47.51B
Last Dividend Amount: $0.99
Expected Ex-Dividend Date: Aug 01 2024
Expected Payment Date: Aug 14 2024
Expected Dividend & Yield: 4.86%
Western Midstream Partners, LP (WES)
Price Target: $38.67
Recent Price: $39.96
Western Midstream Partners, LP is a master limited partnership engaged in owning, operating, acquiring, and developing midstream energy assets. The company's focus on the midstream sector positions it to benefit from growing energy production and demand for transportation and storage services. However, Western Midstream's performance may be impacted by volatile commodity prices and the inherent risks associated with the energy industry. The partnership's attractive distribution yield and potential for distribution growth make it an appealing choice for income-oriented investors, but they should consider the risks associated with the midstream sector.
Market Cap: $15.20B
Last Dividend Amount: $0.88
Expected Ex-Dividend Date: Apr 30 2024
Expected Payment Date: May 15 2024
Expected Dividend & Yield: 8.76%
NRG Energy, Inc. (NRG)
Price Target: $87.40
Recent Price: $73.09
NRG Energy, Inc. is a leading integrated power company engaged in the production, sale, and delivery of energy and energy-related products and services. The company's diverse portfolio of retail brands and exposure to competitive power markets position it to benefit from increasing energy demand and the transition towards sustainable energy sources. However, NRG's performance may be impacted by volatile commodity prices, regulatory changes, and competition from alternative energy sources. The company's modest dividend yield and significant analyst upside suggest potential for growth, but investors should consider the risks associated with the energy sector.
Market Cap: $15.24B
Last Dividend Amount: $0.41
Expected Ex-Dividend Date: Aug 01 2024
Expected Payment Date: Aug 15 2024
Expected Dividend & Yield: 2.23%
And there you have it.
We hope this report provides you with valuable insights to enhance your dividend investment strategy.
For any specific inquiries regarding dividends, we recommend consulting with your financial advisor or visiting Investor.gov for more comprehensive information.
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