Here come those tax cuts! If you are an American corporation, especially a large publicly traded one, there is going to be a windfall. Now, some of these companies will plow the savings back into their businesses. Others will repurchase stock, which I don’t generally like considering how overvalued many of these companies are. Others may use the money to pay down debt. Still, others will have plenty of cash to reward shareholders by increasing dividends. With taxes being cut from 35% to 21%, that represents a 40% savings; companies paying tons in taxes may love the idea of boosting their dividend to attract more income investors. Here are seven companies I see as raising their dividends.
Johnson & Johnson (NYSE:JNJ) stands to save about $1.35 billion annually. Lowe’s Companies, Inc. (NYSE:LOW) is a big winner in the corporate tax cut announcement. Pepsico Inc. (NYSE:PEP) has been floundering a bit, as the company probably never expected consumers to push soda aside in favor of “healthier” drinks. The Procter & Gamble Company (NYSE:PG), like JNJ, has a great opportunity here to lift its dividend. McDonald’s Corporation (NYSE:MCD) has been enjoying a terrific turnaround. 3M Company (NYSE:MMM) is one of the last truly great conglomerates that has outlasted some of the other big names. It truly has its hands in everything.Visa Inc. (NYSE:V) is a pretty incredible business that has very little capex, and remains extremely profitable.
Source: InvestorPlace
Related Articles:
- 5 Dividend Stocks With A Low P/B Ratio
- Harvest the Fruit
- 4 Dividend Stocks Delivering The Secret To Successful Investing
- The Magnificent Marvelous Money Machine
- 5 Five-Star Dividend Stocks
7 More Dividend Stocks Benefiting From the Tax Cut
Posted by D4L | Sunday, February 04, 2018 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
In an attempt to put a lid on inflation, the Federal Reserve has stated that it intends to raise its benchmark federal-funds rate by 0.25% a...
-
This article comes from a recent Preferred Share Update on The REIT Forum. Be advised that share prices are constantly changing, so it's...
-
But aside from its track record as a Dividend Aristocrat with 27 consecutive years of payout hikes under its belt, there's another reaso...
-
Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay di...
-
This is a clear recipe for investors to follow, and will lead us quite naturally to two recent stock recommendations from Morgan Stanley’s a...
-
Dividend Kings, stocks with at least 50 consecutive years of dividend growth, are favorites of many income investors. High-dividend yields c...
-
Dividend utility stocks might seem bad for your portfolio during high inflation and rising interest rates. However, the sector has done well...
-
If you have contemplated selling shares of some of the companies you own this year, you likely aren't alone. Considering how volatile th...
-
Companies that have either been through past downturns or have the pricing power to offset the costs of inflation provide a crucial element ...
-
Dividend reinvestment plans, or DRIPs, can be effective ways to accumulate shares of high-quality companies for those with limited capital t...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.