In this article, we will take a look at the 5 Best High-Yield Dividend Growth Stocks to Buy Right Now. For deeper discussion and analysis, read 10 Best High-Yield Dividend Growth Stocks to Buy Right Now.
5. American Tower Corporation (NYSE:AMT)
Dividend Yield as of April 27: 3.87%
On April 16, Barclays lowered the firm’s price recommendation on American Tower Corporation (NYSE:AMT) to $195 from $200. It reiterated an Equal Weight rating on the shares. The firm said it updated its models within the communication infrastructure group.
On April 15, Mizuho analyst Vikram Malhotra upgraded AMT to Outperform from Neutral. The firm also raised the price target to $205 from $189. The analyst noted that the stock has fallen 19% over the past 12 months, while REITs are up 10% over the same period. The view is that several negatives are already reflected in the share price. The firm pointed to two potential drivers for a re-rating. It expects fundamentals in the US and certain international cell tower markets to improve. It also sees the data center business as “materially undervalued with several paths to unlocking value,” according to the analyst.
American Tower Corporation (NYSE:AMT) operates as a global real estate investment trust and an independent owner, operator, and developer of multitenant communications real estate. The company has a portfolio of nearly 150,000 communications sites and a connected network of data center facilities across the United States.
4. Comcast Corporation (NASDAQ:CMCSA)
Dividend Yield as of April 27: 4.79%
On April 24, Citi raised the firm’s price recommendation on Comcast Corporation (NASDAQ:CMCSA) to $35.50 from $33. It reiterated a Buy rating on the shares. The firm said the company’s Q1 report marked a “step forward” in improving its financial performance in the residential segment. The analyst added that the shares could see multiple expansion as broadband losses begin to stabilize and as the market assigns better value to the company’s content and experiences unit.
On April 24, RBC Capital analyst Jonathan Atkin raised the firm’s price target on CMCSA to $32 from $31 and kept a Sector Perform rating following the Q1 results. The firm said Comcast is executing on its plan to improve broadband subscriber performance, even if it comes at the cost of average revenue per user. It noted a solid year-over-year improvement in broadband net additions and expects a 40K–50K y/y increase in the coming quarters, according to the analyst.
Comcast Corporation (NASDAQ:CMCSA) operates as a global media and technology company. It provides broadband, wireless, and video services through Xfinity, Comcast Business, and Sky, and produces and distributes entertainment, sports, and news content across its platforms.
3. Edison International (NYSE:EIX)
Dividend Yield as of April 27: 5.10%
On April 21, Morgan Stanley lowered its price target on Edison International (NYSE:EIX) to $70 from $71. It reiterated an Underweight rating on the shares. The firm said it is updating price targets across Regulated & Diversified Utilities and IPPs in North America. The analyst noted that utilities outperformed the S&P 500 in March.
On April 21, Truist initiated coverage of EIX with a Hold rating and a $82 price target. The firm launched coverage on 20 companies in the power and utilities group. The analyst said vertically integrated electric utilities are “clear winners” in building infrastructure to support data center demand. Truist added that companies should lean into this growth opportunity and highlighted American Electric Power, Entergy, and Xcel Energy as top picks. It also pointed to Ameren, CMS Energy, and DTE Energy as names it favors.
Edison International (NYSE:EIX) operates as an electric utility holding company. It focuses on providing clean and reliable energy through its subsidiaries, including Southern California Edison Company and Trio.
2. T. Rowe Price Group, Inc. (NASDAQ:TROW)
Dividend Yield as of April 27: 5.25%
On April 24, JPMorgan analyst Kenneth Worthington lowered the firm’s price recommendation on T. Rowe Price Group, Inc. (NASDAQ:TROW) to $103 from $106. The firm maintained an Underweight rating on the shares.
On April 17, Barclays also lowered its price target on TROW to $87 from $94 and maintained an Underweight rating. The firm said it updated its asset manager models to reflect full quarterly flow data and assets under management ahead of Q1 reports. The analyst noted that AUM estimates declined due to negative market performance in Q1.
On April 13, T. Rowe reported that assets under management at the end of March were $1.71 trillion, down from $1.80 trillion at the end of the prior month. Net outflows were $3.2 billion for March, compared to $5.3 billion in the previous month. By asset class, equity accounted for $810 billion in AUM as of March 31. Fixed income, including money market, totaled $215 billion. Multi-asset stood at $625 billion, while alternatives came in at $60 billion.
T. Rowe Price Group, Inc. (NASDAQ:TROW) operates as a financial services holding company providing global investment advisory services. It offers strategies across equity, fixed income, multi-asset, and alternatives, serving individuals, advisors, institutions, and retirement plans.
1. Hormel Foods Corporation (NYSE:HRL)
Dividend Yield as of April 27: 5.43%
On April 24, Hormel Foods Corporation (NYSE:HRL) announced that it has completed the sale of its whole-bird turkey business to Life-Science Innovations (LSI), following an earlier announcement in February.
As part of the deal, LSI took over the production facility in Melrose, Minnesota, along with a feed mill in Swanville and related transportation assets. The Melrose site now operates as Legacy Turkey, with employees transitioning to LSI. The company also assumed supply agreements with third-party hen growers.
Hormel is keeping the JENNIE-O brand and will continue producing value-added turkey products such as ground turkey, deli meats, and turkey bacon. It also retains the rights to sell JENNIE-O OVEN READY whole birds and turkey breasts, while continuing its remaining turkey operations.
The move reflects a shift toward higher-margin, value-added products and away from more volatile commodity segments. Financial terms were not disclosed.
Hormel Foods Corporation (NYSE:HRL) operates as a global branded food company. It develops, processes, and distributes a wide range of food products across its Retail, Foodservice, and International segments.
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