Last week was pretty dull on the Most Watched Stocks List as most stocks did not move up or down on the list, which gives us an understanding of those stocks the dividend investing community is adding to their watchlists.
As one of the U.S.’s top banks, Wells Fargo was in the media for all the wrong reasons, whereas its competitor JPMorgan Chase was in the media for all the right reasons. By 2023, JPM is set to open 70 branches in Washington state. The bank also plans to hire 700 people in these branches. Surprisingly, JPMorgan had no offices in the D.C. area. JPM recently went ex-dividend on April 5 with a payout of 56 cents per share. The bank currently yields 2%.
Honeywell also moved up a spot last week from the 66th to the 65th position as the stock reported exceptional earnings. EPS came in at $1.95 per share compared to an estimate of $1.89 per share. The company also upped its full-year guidance for 2018. It anticipates earnings in the range of $7.85-$8.05 per share compared to the $7.75-$8 EPS guidance it gave earlier.
Hurricane season is usually the period between June and November. Every year for the past few seasons, the U.S. has been struck by multiple hurricanes. Stocks that offer home improvement services often report an increase in revenue due to the restoration activities involved during and after the hurricane season. Home improvement stock Home Depot moved up a spot last week probably due to the anticipation of the events that are soon to come.
3M also moved up a spot to the 29th position by pushing Ford down to the 30th spot. On a dividend-growth basis, 3M is the second-largest company by market cap after PG to have delivered dividend increases over such extensive periods of time. With 59 consecutive years of dividend increases, the company has withstood several recessions and has proved to be a dividend stalwart. Its nearly 2.7% dividend yield is equally attractive given the company’s dividend credentials.
Our Most Watched Stocks List is a user-generated, interest-based ranking of dividend-paying stocks, giving you a real-time snapshot of buying interest in the market. Generated by our Premium members’ watchlists, it’s aggregated and ranked by the most watched criteria.
The list has been designed to help income investors navigate the top dividend stocks being tracked by one of the world’s most advanced investing communities.
