BofA Screens for Secured, Non-Scheduled Dividends (NYSEARCA: IWB)

Double exposure of money stack with trading graph for financial investors.  Cryptocurrency digital economy.  Financial investment and city background concept.


Wall Street is transitioning into a payback world, and contributing dividends to that return will be more important than the days of sky-high prices, BofA Securities said.

“We advise investors to identify companies with markets on and secure – not stretched – dividend yield,” strategists Savita Subramanian and team wrote in a note.

“We advise investors to identify companies that have a dividend yield in the market and are safe – not stretched –,” says Subramanian. “Russell 1000’s Quintile 2 followed by dividend yields could be a good first pass: it covers the second-highest period of dividend yielders in the index.”

“It has guarded against owning troubled companies moving into Group 1 (the group with the highest dividend yield) when prices fall prior to a dividend cut. Group 2 also incorporates the discipline of valuation in it. if prices rise much faster than dividend growth, companies will migrate into Quintile 3.”

In August, the BofA Quintile 2 monitor performed better than the Russell 1000 equivalent weight monitor (EQAL) on the basis of gross profit, -2.4% compare to -3.1%.

Here is the first half of the Quintile 2 stock group for September:

  • Entertainment (ETR CHILDREN), dividend yield 3.45%
  • Southern Company Limited (THEREFORE), 3.45%
  • Jefferies Financial (JEF), 3.43%
  • Travel + Entertainment (TNL), 3.42%
  • Main Finance (PFG), 3.41%
  • Webster Financial (WBS), 3.40%
  • Comerica (CMA), 3.39%
  • Carter’s (CRI), 3.39%
  • Crown Castle (CCI), 3.36%
  • Equity (EQR), 3.35%
  • DTE Energy (DTE), 3.35%
  • Valero Energy (VLO), 3.35%
  • Synovus Financials (SNV), 3.34%
  • The road for government (STT), 3.34%
  • Cisco System (CSCO), 3.33%
  • PNC Financial (PNC), 3.32%
  • Ally Financial (ALLY), 3.31%
  • UDR (UDR), 3.31%
  • Carlyle Group (CG), 3.30%
  • Reynolds Consumer (REYN), 3.29%
  • Evergy (EVRG), 3.29%
  • Morgan Stanley (TEACHER), 3.29%
  • Exelon (EXC), 3.28%
  • Bank of New York Mellon (BK), 3.27%
  • NRG Energy (NRG), 3.27%
  • Eastman Chemical (YOU N), 3.26%
  • Public services (CUC), 3.26%
  • Ardagh Metal Packaging (AMBP), 3.25%
  • Apollo Global (ONE PO), 3.24%
  • Essex Property (ESS), 3.24%
  • Clorox (CLX), 3.23%
  • Axis Capital (AXS), 3.2%
  • Son Ed (ED), 3.2%
  • Kellogg (KY), 3.19%
  • Merck (A), 3.19%
  • Welltower (GOOD), 3.18%
  • Dominion Energy (EASY), 3.17%
  • Unum group (UNM), 3.17%
  • AvalonBay Community (AVB), 3.17%

Source link


News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button