Communal dividends in the United States reached $78.6 billion in 2021, up 89% from $41.4 billion in 2020. Companies have started returning shareholder wealth once again because of increased earnings, sales, and improved margins. When looking for companies to invest in, investors should look for companies with strong cash flow, stable balance sheets and good dividend payout ratios. It is Jack Ablin’s belief that investors will be most interested in cyclicals, energy stocks, and financial services stocks with low P/E ratios.
Insider Monkey picked the top 10 dividend increases of 2021. It was announced on January 12th that Nucor Corporation plans to build a $2.7 billion sheet mill in West Virginia. A yearly output of 3 million metric tons of steel is expected from the new mill. On November 2, CubeSmart announced a 26.5% increase in its prior $0.34 dividend. Storage West’s acquisition debt was paid off with $40.9 million of the $688.5 million raised through this program. The headquarters of Nordson Corporation is in Columbus, Ohio, the heartland of the United States. A variety of products are made by the company, including dispensing equipment, testing and inspection tools, and equipment for prepping and curing surface areas. Nordson Corporation’s products are sold around the world, and the company’s stock is traded on the NASDAQ under the symbol NDSN. A 32.4 percent increase was announced by Target Corporation from its previous $0.68 dividend. There are over 1900 retail locations in the United States owned and operated by the company. Customer base is “still solid,” but JPMorgan analyst Christopher Horvers is concerned about short-term same-store sales forecasts. In May 2021, Lowe’s Companies, Inc. increased its dividend by 33.3% from its previous dividend of $0.60. In addition, the company announced a $13 billion share buyback plan. For more details, click the Top 10 Dividend Increases Of 2021.