5 Best May Dividend Stocks to Buy

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1. The Sherwin-Williams Company (NYSE:SHW)

Ex-Dividend Date: May 22

On April 21, Bank of America lowered its price recommendation on The Sherwin-Williams Company (NYSE:SHW) to $365 from $370. It reiterated a Neutral rating. The analyst said commodity markets moved up quickly through March and into April, driven by the Iran conflict. That shift is pushing upstream forecasts higher for 2026, starting in Q2, while at the same time leading to cuts for downstream producers.

On April 10, Wells Fargo downgraded SHW to Equal Weight from Overweight and lowered the price target to $365 from $410. The firm said volume pressure is likely to be more pronounced compared with RPM and PPG. The analyst noted that the war in Iran has led to “broad-based” inflation across commodity chains, which is flowing into coatings raw materials. Higher costs are expected to weigh on margins. Sales may also face pressure as the macro environment becomes more challenging and affordability remains tight. The firm cut its estimates to reflect a tougher outlook for US housing and the impact of rising input costs.

The Sherwin-Williams Company (NYSE:SHW) manufactures and sells paints, coatings, and related products. It serves professional, industrial, commercial, and retail customers, mainly in North and South America, with additional operations in the Caribbean, Europe, Asia, and Australia.

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