Top 5 Dividend Stocks to Buy According to James Katz’s Humankind Investments

3. Corteva, Inc. (NYSE:CTVA)

Dividend Yield as of June 28: 1.03%
Humankind Investments’ Stake Value: $4,201,000

Corteva, Inc. (NYSE:CTVA) is an American agricultural chemical company that produces pesticides, bio-fertilizers, hybrid corn seeds, and other related products.

Though Corteva, Inc. (NYSE:CTVA) started paying dividends in 2019, the company’s consistent payouts and dividend growth have analysts optimistic about the company’s financial health. Since 2019, the company has raised its dividend twice and its current dividend stands at $0.14 per share. As of June 28, the stock’s dividend yield was 1.03%. In June, Barclays presented a positive outlook on the fertilizer industry and initiated its coverage on Corteva, Inc. (NYSE:CTVA) with an Overweight rating and a $71 price target.

Aristotle Capital Management mentioned Corteva, Inc. (NYSE:CTVA) in its Q1 2022 investor letter. Here is what the firm has to say:

“Corteva Agriscience, one of the world’s largest seed and crop protection companies, was a primary contributor for the quarter. Due to its respected brand and the value-added benefits of its patented seeds and crop protection solutions for farmers, Corteva has been able to more than offset input cost inflation with sustainable price increases. In addition, the company’s ongoing mix shift to higher-margin, premium products, a catalyst we previously identified, is aiding both sales and profit growth. Shares were likely also buoyed by the rise in crop prices. Market participants, perhaps eager to chase short-term trends, poured into the sector. At Aristotle Capital, we look past such gyrations and, as long-term investors, do not attempt to predict short-term changes in commodity prices. We remain excited about what we view to be high-quality characteristics and fundamental improvements that permeate Corteva’s business, not the least of which include its pricing power.”