In these volatile times, our focus on fundamentally solid companies will certainly protect us. Just the way a big social network recently made a splash about raising worker wages, we want to own stocks that are going to provide us optimum income.
Facebook (FB) recently required that any company or vendor that has a significant relationship with FB must pay its workers a minimum of $15 per hour, along with other benefit-related stipulations. As I’m sure you’re well aware, the federal minimum wage is $7.25 per hour, and the debate has been heating up over that amount and whether it is a real living wage.
A number of tech companies and big-box stores have been involved on both sides of the debate, and it doesn’t surprise me that Facebook would make such a move. However, FB’s new policy shouldn’t have any impact on sales or earnings (unless those contractors or vendors pass on the increased costs to Facebook). FB is still a “buy.”
Just the way those workers will benefit from Facebook’s new policy, income investors can look forward to upcoming dividend payments. We have a very steady stream of income via dividend payments coming in the next few weeks.
Let’s preview the next round of ex-dividend dates. I expect there will be others announced in the coming weeks, but here are five dividends to keep an eye out for:
Southwest Airlines (LUV) goes ex-dividend today, June 1. Shareholders of record on June 3 will receive 7 cents per share on June 24. At current prices, LUV has a 0.82% annual dividend yield. I recommend you buy LUV stock, which is moderately aggressive.
CH Robinson (CHRW) goes ex-dividend on June 3. Shareholders of record on June 5 will receive 38 cents per share on June 30. At current prices, CHRW has an excellent 2.46% annual dividend yield. CHRW stock has slipped to a C-rating, so I recommend you continue holding CH Robinson.
VF Corp (VFC) goes ex-dividend on June 5. Shareholders of record on June 9 will receive 32 cents per share on June 19. At current prices, VFC has a 1.83% annual dividend yield. VFC is also garners a C-rating. Hold VF Corp.
Anthem (ANTM) goes ex-dividend on June 8. Shareholders of record on June 10 will receive 62.5 cents per share on June 25. At current prices, ANTM has a 1.49% annual dividend yield. ANTM is a “buy.”
Reynolds American (RAI) is another of our significant yield companies, and RAI stock goes ex-dividend on June 8. Shareholders of record on June 10 will receive 67 cents per share on July 1. At current prices, RAI has a 3.57% annual dividend yield. RAI is a moderately aggressive stock to buy.
is a renowned growth investor. He is the editor of five investing newsletters: , , , and . His most popular service, Blue Chip Growth, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, . 91¶¶Òõ may hold some of the aforementioned securities in one or more of his newsletters.
