5 dividend stocks to watch this week

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5 Dividend Stocks to Consider Adding to Your Watchlist Right Now

Amid the ongoing conflict in Ukraine and upcoming rate hikes by the Federal Reserve, the stock market has been volatile lately, to say the least. Thus, some investors may turn their attention to dividend stocks recently. For starters, companies that offer attractive dividends are often more established and have a track record of profitability. Regular dividend payments are also a source of income for investors. Fortunately, there is a wide range of companies that offer quarterly dividends in the stock market.

For example, Applied materials (NASDAQ: AMAT) recently announced that its Board of Directors has approved an 8.3% increase in the quarterly cash dividend from $0.24 to $0.26 per share. This is the company’s fifth consecutive annual dividend increase. Elsewhere, American Express (NYSE:AXP) also approved an approximately 20% increase in its regular quarterly dividend. With that in place, the company is now offering a dividend of $0.52 per common share, from $0.43. So if safer play is what you’re looking for right now, it might be worth looking at some of the best dividend-paying stocks in the stock market today.

Dividend stocks to watch this week

IBM

When looking for a dividend company to invest in, International Business Machines (IBM) would often come to mind. For those unaware, it is a technology company that operates in three business segments, Cloud & Cognitive Software, Global Business Services, Systems and Global Financing. IBM is a firm believer in progress, with the vision that the application of intelligence, reason and science can improve society and the human condition. The tech giant has paid a dividend every quarter since 1916 and has increased its dividend for 26 consecutive years. Now it offers a dividend yield of 5.3%.

Additionally, IBM last week announced a multimillion-dollar investment in its resources to help businesses prepare for cyberattacks in the Asia-Pacific region. The IBM Security Command Center will be the first of its kind in the region for training in cybersecurity response techniques. Thus, organizations can simulate very realistic cyberattacks and better prepare for future threats. Not to mention, there will be a new Security Operations Center (SOC) that is part of the company’s extensive network of existing global SOCs. As such, could IBM stock be one of the top dividend-paying stocks to watch right now?

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Verizon

Verizon is a technology company that provides communication, information and entertainment products and services to its customers. Most would be aware of its wireless services which are readily available across the United States under the Verizon brand. In fact, Verizon ended February by declaring a quarterly dividend of 63 cents per outstanding share. For the past 15 years, the company has increased its dividend every year.

Additionally, Verizon recently announced that its customers will have exclusive access to +play. It is a new platform that allows users to discover, purchase and manage some of their favorite subscriptions in one place. The company estimates that the average streamer will have over 5 subscription services by 2024. So +play could be the answer for an easier way to manage subscriptions and a more efficient way to discover new content. With that in mind, do you have any VZ stocks on your watchlist?

VZ Stock Chart
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Global Partners

Subsequently, we will examine Global Partners. Essentially, the company owns and controls networks of refined petroleum products and renewable fuels terminals. Its segments include Wholesale, Gasoline Distribution and Station Operation (GDSO) and Trading. Last month, the company announced its fourth quarter and full year 2021 earnings report. Its total sales soared to $4.1 billion, nearly doubling those of the year-ago quarter. Additionally, the company declared a quarterly dividend of $0.585 per share during the quarter, representing a 1.7% increase over its previous dividend.

Additionally, Global Partners also purchased Miller’s Neighborhood Market in February. This is part of the company’s efforts to expand its business footprint in the Mid-Atlantic region. The acquisition includes 23 convenience stores and fuel supply agreements with 34 locations primarily in Virginia. Global Partner believes that these high-quality locations will enable it to further capitalize on its scale, supply relationships and integrated model to improve margin on products at every stage of the value chain. With that in mind, should you be keeping a close eye on GLP stocks right now?

GLP Stock Chart
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Williams Enterprises

Similar to Global Partners, williams is an energy company that offers a respectable dividend payout. On a large scale, the company manages 30% of the natural gas used daily in the United States. These range from apps that heat our homes, cook our food, and generate electricity. Last month, the company declared a quarterly dividend of $0.425 per share, bringing its dividend yield to 5.09%. Not to mention that Barclays analyst Marc Solecitto also maintained an “overweight” rating on WMB stock and set a price target of $34.

It’s worth noting that the stock is up about 20% this year alone. After all, Williams has just completed a record fourth quarter that has caught the attention of many investors. During the quarter, its GAAP net income was $621 million or $0.51 per diluted share, up 440% year-over-year. The company also broke records for contract transportation capacity and natural gas gathering volumes. Overall, would you consider investing in the future of WMB shares?

WMB Stock
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FS KKR Capital

Last but not least, we have FS KKR Capital. In detail, the company is an externally managed closed-end investment company. Its investment objectives are to generate current income and long-term capital appreciation. For example, its portfolio consists primarily of investments in senior secured loans and junior secured loans of middle market US private companies. Earlier this month, FSK stock also got an upgrade from Wells Fargo analyst Finian O’Shea to an ‘Equal Weight’ rating of ‘Underweight’.

In February, the company concluded 2021 with strong fourth quarter financial results. For the quarter, it generated more than $2 billion in new investments and made progress on its net investment income growth opportunities. Meanwhile, its net asset value rose 8.6% for the full year and it paid $2.47 per share in dividends. This equates to a 9.2% return on its average net asset value. Overall, the company appears to be well positioned to continue its momentum in 2022. For these reasons, would FSK stock be an attractive investment right now?

FSK Stock Chart
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Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]



Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

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