The Best Dividend Stocks to Buy This Month
The post The Best Dividend Stocks to Buy This Month appeared on BitcoinEthereumNews.com. It is earnings season, and it already appears to be a pretty strong one with several bellwether banks posting better-than-anticipated numbers. Earnings season is also a time to watch for companies to declare dividends for the upcoming quarter. Here are three companies that recently raised their dividends and have stocks that look like good buys this month. JPMorgan Chase JPMorgan Chase & Co (NYSE:JPM) is one of the best dividend stocks you can buy, and it just got a little better. In September, the nation’s largest bank raised its dividend from $1 to $1.05 per share — a 5% increase. This is the 13th straight year the firm has boosted its annual dividend payout. Several factors make JPMorgan Chase a particularly reliable dividend stock. For starters, it has an excellent dividend yield of 2.9%, which is higher than the 1.57% average dividend yield on the S&P 500. More importantly, it has what CEO Jamie Dimon describes as a fortress balance sheet, which allows it to consistently fund its dividend and navigate difficult markets better than its competitors. The bank had a blowout third quarter, beating earnings estimates and posting a 22% year-over-year increase in revenue to $41.7 billion and a 35% jump in net income to $13.2 billion. It also lowered its efficiency, or overhead, ratio to 55%, from 59% a year ago in the third quarter, and raised its common equity tier 1 (CET1) ratio to 14.3% from 12.5% a year ago. The CET1 is a measure of a bank’s liquidity. The fact that JPMorgan’s CET1 is way above the regulatory minimum is another good sign that it can keep funding its dividend. A low 24% dividend payout ratio, which measures the percentage of a firm’s earnings paid out to shareholders in the form of dividends, is also a…
The post The Best Dividend Stocks to Buy This Month appeared on BitcoinEthereumNews.com.
It is earnings season, and it already appears to be a pretty strong one with several bellwether banks posting better-than-anticipated numbers. Earnings season is also a time to watch for companies to declare dividends for the upcoming quarter. Here are three companies that recently raised their dividends and have stocks that look like good buys this month. JPMorgan Chase JPMorgan Chase & Co (NYSE:JPM) is one of the best dividend stocks you can buy, and it just got a little better. In September, the nation’s largest bank raised its dividend from $1 to $1.05 per share — a 5% increase. This is the 13th straight year the firm has boosted its annual dividend payout. Several factors make JPMorgan Chase a particularly reliable dividend stock. For starters, it has an excellent dividend yield of 2.9%, which is higher than the 1.57% average dividend yield on the S&P 500. More importantly, it has what CEO Jamie Dimon describes as a fortress balance sheet, which allows it to consistently fund its dividend and navigate difficult markets better than its competitors. The bank had a blowout third quarter, beating earnings estimates and posting a 22% year-over-year increase in revenue to $41.7 billion and a 35% jump in net income to $13.2 billion. It also lowered its efficiency, or overhead, ratio to 55%, from 59% a year ago in the third quarter, and raised its common equity tier 1 (CET1) ratio to 14.3% from 12.5% a year ago. The CET1 is a measure of a bank’s liquidity. The fact that JPMorgan’s CET1 is way above the regulatory minimum is another good sign that it can keep funding its dividend. A low 24% dividend payout ratio, which measures the percentage of a firm’s earnings paid out to shareholders in the form of dividends, is also a…
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