Concerns about the Fed’s ability to tame inflation without pushing the economy into a recession have caused the stock market to tumble to a 13-month low recently. And according to Goldman Sachs strategists, even if a recession is avoided, the…
outlook for U.S. stocks isn’t particularly bright at this juncture.
According to Invesco’s Brian Levitt, investors are getting grossly bearish at this stage with such volatile market circumstances, and most of them are crowding over safe-haven dividend stocks, which promise to offer stable returns irrespective of market fluctuations. Investors’ interest in high dividend-yielding stocks is evident in the iShares Core High Dividend ETF’s (HDV) 5.2% returns over the past six months.
Wall Street analysts expect high-dividend-yielding stocks Sibanye Stillwater Limited (SBSW), ING Groep N.V. (ING), and Fortress Transportation and Infrastructure Investors LLC (FTAI) to rally by more than 55% in price in the coming months. So, these stocks could be wise additions to one’s watchlist.
Sibanye Stillwater Limited (SBSW)
Headquartered in Weltevreden Park, South Africa, SBSW and its subsidiaries mine for precious metals in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs); and by-products.
SBSW’s dividend payouts have grown at a 21.8% CAGR over the past five years. Its current dividend translates to an 11.18% yield, while its four-year average yield is 2.58%.
SBSW’s profit before royalties and tax increased 4,511.5% sequentially to R10.47 billion ($653.68 million). Its adjusted EBITDA increased 3.7% sequentially, R13.66 billion ($853.26 million). Also, its Chrome sales came in at 640k tonnes, up 73% year-over-year.
Analysts expect SBSW’s EPS to increase 4% per annum over the next five years. The stock closed yesterday’s trading session at $11.59. The average price target of $21.68 indicates a potential upside of 87.1%.
ING Groep N.V. (ING)
Headquartered in Amsterdam, the Netherlands, ING, a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, the Rest of Europe, North America, Latin America, Asia, and Australia. It has six segments: Retail Netherlands; Retail Belgium; Retail Germany; Retail Other; Wholesale Banking; and Corporate Line Banking.
On May 6, 2022, ING’s CEO Steven van Rijswijk said, “We launched Self Invest via mobile in Belgium, expanding the possibilities for our customers when it comes to online trading. Customers continue to choose ING for investment products, as the total number of investment accounts globally rose nearly 13% year-on-year.”
Over the past three years, ING’s dividend payouts have grown at a 16.6% CAGR. Its current dividend translates to a 9.14% yield, while its four-year average yield is 4.69%.
For the period ended March 31, 2022, ING’s cash and balances came in at €131.37 billion ($138.65 billion), compared to €106.52 billion ($112.42 billion) for the period ended Dec. 31, 2021. Its trading assets were €55.61 billion ($58.69 billion), compared to €51.38 billion ($54.22 billion), for the same in the prior year. Furthermore, its total assets were €1.01 trillion ($1.06 trillion), compared to €951.29 billion ($1 trillion), for the same period in the prior year.
ING’s EPS is estimated to increase 13.3% per annum over the next five years. The stock closed yesterday’s trading session at $9.44. Wall Street analysts expect the…
Continue reading at STOCKNEWS.com