Categories
Featured Investing Stock Market Today Stocks to Watch

Top Dividend Stocks To Buy In 2022? 3 Reported Earnings Today

These dividend-paying stocks could be worth keeping an eye on now.

3 Dividend Stocks To Potentially Add To Your Watchlist Right Now

Even while the stock market appears to be recovering on news of positive earnings today, dividend stocks remain a viable play. For the most part, this is likely due to numerous factors dampening the current growth story in stocks. From the upcoming interest rate hikes and soaring inflation to bond yields holding above 2-year highs, this is apparent. Because of all this, some investors could be overlooking the current earnings season for more defensive stocks. Notably, this would be where the top dividend stocks in the stock market today come into play.

Overall, dividend stocks, in theory, offer investors a more predictable source of income. This is, mostly, in the form of quarterly dividend payouts per share. In this space, investors will likely be eyeing massive companies that have long and strong dividend-paying histories. For example, we could look at the likes of 3M (NYSE: MMM). The multinational conglomerate currently boasts an annual dividend yield of 3.32%. This is after increasing its dividend consistently for the past 62 years. Not to mention, there is the fact that the company’s offerings play crucial roles in vital industries worldwide. After considering 3M’s dividends alongside the relevance of its products, I could understand the appeal.

If that wasn’t enough, there are also some dividend-paying firms making plays now as well. Evidently, Intel (NASDAQ: INTC) and ASML (NASDAQ: ASML) are bolstering their current partnership. So much so that Intel will be buying the first unit of ASML’s latest chip manufacturing system. All in all, there is no shortage of dividend stocks for investors to consider now. As such, here are three to check out in the stock market today.

Top Dividend Stocks To Buy [Or Sell] This Week

Bank of America Corporation

Bank of America is a multinational investment bank and financial services company. In fact, it is one of the world’s leading financial institutions, serving individual consumers and small and middle-market businesses. Its services include a full range of banking, investment, asset management, and other financial and risk management products and services. Impressively, it serves approximately 66 million consumer and small business clients with over 4,000 retail financial centers and approximately 17,000 ATMs.

Today, the company reported its fourth-quarter financials. Diving in, net income for the quarter rose to $7 billion, or $0.82 per diluted share. This reflects strong operating leverage as revenues grew faster than expenses. Revenue for the quarter was $22.1 billion, increasing by 10% year-over-year. A significant chunk of this quarter’s income was from its Consumer Banking segment, at $3.1 billion. This comes after deposit balances were up 16% to more than $1 trillion. Consumer investment assets were also up to $63 billion or 20% to a record $369 billion.

The company also recently reported a dividend of $0.256 last week. “Our fourth-quarter results were driven by strong organic growth, record levels of digital engagement, and an improving economy. We grew loans by $51 billion and added $100 billion of deposits during the quarter, further strengthening our position as the leader in retail deposits,” says CEO Brian Moynihan. Given this piece of news, is BAC stock worth investing in right now?

[Read More] Top Stocks To Buy Now? 4 Renewable Energy Stocks For Your Watchlist

Morgan Stanley

Following that, we have Morgan Stanley, a multinational investment bank and financial services company. It also provides a wide range of investment banking, securities, wealth management, and investment management services. With offices in more than 41 countries, the company continues to serve millions all over the world.

Today, the company also reported its fourth-quarter financials. Diving in, net revenues for the quarter were $14.5 billion. Net income for the quarter was $3.7 billion or $2.01 per diluted share. Notably, its Wealth Management segment reported a revenue of $6.3 billion, up by 10% from a year ago. This reflects higher asset levels driven by market appreciation and strong positive fee-based flows. The company says it has been an outstanding year for the firm as it delivered record net revenues of $60 billion and Wealth Management grew client assets by nearly $1 trillion to $4.9 trillion this year.

Last month, the company announced a dividend of $0.70 per share. It also presented a strategic update for the year 2022. In it, Morgan Stanley says that it has significant growth opportunities in the workplace as it continues to build new relationships and grow unvested assets. It continues to expand its grounds with the necessary fundamentals in place. All things considered, is MS stock a top dividend stock to consider buying?

[Read More] Best Lithium Battery Stocks To Buy Now? 4 To Know

Procter & Gamble Company

Topping off our list today is the Procter & Gamble Company or PG for short. In a nutshell, it is a multinational consumer goods company. Through its vast portfolio of consumer goods, the company operates across 70 countries worldwide. Among its more notable brands are Ambi Pur, Bounty, Febreze, Gillette, Head & Shoulders, Oral-B, SK-II, Vicks, and Tide.

Due to its core offerings falling under the consumer staples sector, I could see investors eyeing PG stock now. This could especially be the case as the company posted solid figures in its latest quarterly earnings report. In essence, PG posted earnings of $1.66 per share, just above consensus estimates of $1.65. Furthermore, the company also raked in a total revenue of $20.95 billion, exceeding forecasts of $20.34 billion. Also, the company’s organic revenue jumped by 6% for the quarter from increased prices on select products.

In summary, CEO Jon Moeller notes that PG delivered “very strong top-line growth,” while making sequential progress despite cost headwinds. As a result of all this, the company is raising its earnings outlook for the fiscal year. With PG’s current momentum in mind, would you consider adding PG stock to your portfolio?


If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!


By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments