From JNJ to HD: Five Dividend Powerhouses Poised for Growth

Explore this curated selection of dividend stocks with potential for growth and income. From healthcare giants to home improvement leaders, these companies offer attractive yields and strong market positions across diverse sectors.

Here's the list:

KeyCorp (KEY)
Price Target: $18.50 | Recent Price: $16.42

KeyCorp offers diverse financial services across multiple segments. Its strong commercial and retail banking presence provides stability, while investment management and capital markets offerings offer growth potential. However, economic uncertainties and interest rate fluctuations may impact performance.

Market Cap: $15.49B
Last Dividend Amount: $0.21
Expected Ex-Dividend Date: Aug 27 2024
Expected Payment Date: Sep 13 2024
Expected Dividend & Yield: 4.99%

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Johnson & Johnson (JNJ)
Price Target: $180.50 | Recent Price: $162.35

J&J's diversified business model across pharmaceuticals, medical devices, and consumer products provides resilience. Its substantial R&D budget fuels innovation and growth. However, potential legal liabilities and patent expirations pose ongoing challenges.

Market Cap: $390.82B
Last Dividend Amount: $1.24
Expected Ex-Dividend Date: Aug 27 2024
Expected Payment Date: Sep 10 2024
Expected Dividend & Yield: 3.06%

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Parker-Hannifin Corporation (PH)
Price Target: $643.25 | Recent Price: $587.30

Parker-Hannifin's global presence in motion and control technologies offers exposure to diverse markets. Its extensive distribution network supports steady revenue. However, cyclical demand in industrial and aerospace sectors may impact short-term performance.

Market Cap: $75.49B
Last Dividend Amount: $1.63
Expected Ex-Dividend Date: Aug 28 2024
Expected Payment Date: Sep 13 2024
Expected Dividend & Yield: 1.11%

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First BanCorp. (FBP)
Price Target: $20.50 | Recent Price: $20.61

First BanCorp's innovative approach and strong presence in Puerto Rico provide a competitive edge. Its digital banking initiatives show promise for growth. However, exposure to a single geographic market may limit diversification benefits.

Market Cap: $3.38B
Last Dividend Amount: $0.16
Expected Ex-Dividend Date: Aug 29 2024
Expected Payment Date: Sep 13 2024
Expected Dividend & Yield: 3.11%

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The Home Depot, Inc. (HD)
Price Target: $390.40 | Recent Price: $365.36

Home Depot's market leadership in home improvement retail and strong e-commerce presence position it well for growth. Its diverse customer base provides resilience. However, housing market fluctuations and economic conditions may impact consumer spending.

Market Cap: $362.91B
Last Dividend Amount: $2.25
Expected Ex-Dividend Date: Aug 29 2024
Expected Payment Date: Sep 12 2024
Expected Dividend & Yield: 2.46%

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And there you have it.

We hope this report provides you with valuable insights to enhance your dividend investment strategy.

For any specific inquiries regarding dividends, we recommend consulting with your financial advisor or visiting Investor.gov for more comprehensive information.

Best regards,

The Editor