The S&P 500 index is on the verge of a correction. The market’s reaction to Russia’s attack on Ukraine has been negative. In a time of rising interest rates and geopolitical unrest, it’s critical to keep an eye out for undervalued industries. In this market, investing in technology and consumer staples would be considered defensive. S&P 500 rebounds after periods of instability, implying that the market volatility is only temporary. Investing in stocks that pay dividends has long been considered a hedge against inflation and rising interest rates, so it’s important to keep an eye out for companies that are increasing their payouts despite the challenging market conditions.
Insider Monkey selected companies that have recently hiked their dividends by over 10%. Silgan Holdings reported fourth-quarter earnings and revenue that were higher than expected on January 25. In addition to returning some of the excess cash to shareholders, the company’s strong cash flow position allows for investments in further expansion of the business. The dividend is scheduled to be paid on March 31 and has a forward yield of 1.53%. Sinclair Broadcast Group announced a quarter-to-quarter dividend of $0.25 per share on February 23. On March 21, dividends will be paid to shareholders of record as of March 7. As of February 24, the dividend yield on the company’s stock was 3.88 percent. Shutterstock Inc. is a New York-based company that provides royalty-free stock images, music, vector graphics, and illustrations to customers around the world. Shutterstock Inc. A 13.73 percent year-on-year increase in revenue to $205.78 million surpassed the market consensus by $3.87 million in the first quarter. Titanium dioxide pigment, specialty-grade titanium dioxide products, pure titanium chemicals, and zircon are all manufactured by Tronox Holdings Plc. Q4 revenue of $884 million beat expectations by $24.61 million, beating the market’s expectations. Oil, natural gas, and natural gas liquids are all available from Diamondback Energy, Inc., a Texas-based firm. The company reported $3.63 earnings per share and $2.02 billion in revenue on February 22. For more details, click 10 Companies That Just Increased Their Dividends By Over 10%.