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The Zacks Analyst Blog Highlights CalMaine Foods, Camden National, Sandstorm Gold, Heico and Mosaic

For Immediate Release

Chicago, IL – January 6, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: CalMaine Foods CALM, Camden National CAC, Sandstorm Gold SAND, Heico HEI and The Mosaic Co. MOS.

Here are highlights from Thursday’s Analyst Blog:

5 Stocks to Watch on Dividend Hikes as We Step into 2023

The stock market remains volatile at the beginning of 2023.  The S&P 500, the Dow and the Nasdaq have yielded negative returns of 17.95%, 8.19% and 30.65%, respectively, over the past year period. The bearish sentiment dominates the stock markets and the economy is expected to run into recession.

Inflation in the United States continues to remain the biggest challenge for the economy. The Fed hinted that it would slow down the pace of the interest rate rise with more evidence of easing inflation. However, it continues to support increasing interest rates in 2023.  The consumer price index (CPI) for November 2022 came in at 7.1% after record highs of 8.2% in September and 8.3% in August. Yet, the numbers are far from the Federal Reserve’s ambitious target of 2% for a strong economy.

The November Job Opening and Labor Turnover report shows signs of continued strength in the labor market irrespective of the Institute for Supply Management (ISM) data, which indicates a contraction in the manufacturing index. This signals that the increasing interest rate is slowing down the economy, which could lead to a recession.

The global economy shows signs of slowing down due to a high inflation situation in many countries and the energy crisis due to geopolitical tensions. High energy costs due to the ongoing war in Ukraine have aggravated one of the worst energy crises in recent decades, causing a global supply-chain disturbance. China’s widespread COVID-control policy has taken a toll on its growth.

Thus, investors seeking regular income in such an unstable situation may invest in matured businesses with regular dividend payout. These dividend stocks have shown profitability due to their proven business model, which helps them stay afloat during adverse economic conditions.

Investors can expect a regular flow of income along with the preservation of capital against unexpected price changes. It is often seen that a company, which tends to reward its investors with a high dividend payout, comparatively outperforms non-dividend-paying stocks during market volatility.

On that note, let us look at companies like CalMaine Foods, Camden National, Sandstorm Gold, Heico and The Mosaic Co. that have lately hiked their dividend payments.

CalMaine Foods is a Jackson, MS-based company. This Zacks Rank #1 (Strong Buy) company is primarily engaged in the production, grading, packing and sale of fresh shell eggs, including conventional, cage-free, organic and nutritionally-enhanced eggs.

You can see the complete list of today’s Zacks #1 Rank stocks here.

On Dec 28, 2022, CALM declared that its shareholders would receive a dividend of $1.35 a share on Feb 9, 2023. CALM has a dividend yield of 6.15%.

Over the past five years, CALM has increased its dividend seven times and its payout ratio at present sits at 53% of earnings. Check Farmers CalMaine Foods’ dividend history here.

CalMaine Foods, Inc. dividend-yield-ttm | CalMaine Foods, Inc. Quote

Camden National is a Camden, ME-based company. This Zacks Rank #2 (Buy) company is a multi-bank financial institution that provides various commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers

On Dec 12, CAC declared that its shareholders would receive a dividend of 42 cents a share on Jan 31, 2023. CAC has a dividend yield of 3.82%.

Over the past five years, CAC has increased its dividend six times and its payout ratio presently sits at 38% of earnings. Check Camden National’s dividend history here.

Camden National Corporation dividend-yield-ttm | Camden National Corporation Quote

Sandstorm Gold is a Vancouver, Canada-based company. This Zacks Rank #3 (Hold) company is a gold streaming company engaged in providing upfront financing for gold mining companies.

On Dec 20, SAND declared that its shareholders would receive a dividend of 2 cents a share on Jan 27, 2023. SAND has a dividend yield of 1.07%.

Over the past five years, SAND has increased its dividend two times and its payout ratio presently sits at 31% of earnings. Check Sandstorm Gold’s dividend history here.

Sandstorm Gold Ltd dividend-yield-ttm | Sandstorm Gold Ltd Quote

Heico is a Hollywood, Fl-based company. This Zacks Rank #3 company designs, manufactures, and sells aerospace, defense, and electronic-related products and services.

On Dec 19, HEI declared that its shareholders would receive a dividend of 10 cents a share on Jan 23, 2023. HEI has a dividend yield of 0.12%.

In the past five-year period, HEI has increased its dividend five times. Its payout ratio at present sits at 7% of earnings. Check Heico’s dividend history.

Heico Corporation dividend-yield-ttm | Heico Corporation Quote

The Mosaic Co. is a Tampa, Fl-based company. This Zacks Rank #3 company is a leading producer and marketer of concentrated phosphate and potash for the global agriculture industry.

On Dec 16, MOS announced that its shareholders would receive a dividend of 20 cents a share on Mar 16, 2023. MOS has a dividend yield of 1.41%.

Over the past five years, MOS has increased its dividend five times. Its payout ratio now sits at 5% of earnings. Check The Mosaic Company’s dividend history here.

The Mosaic Company dividend-yield-ttm | The Mosaic Company Quote

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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CalMaine Foods, Inc. (CALM) : Free Stock Analysis Report

The Mosaic Company (MOS) : Free Stock Analysis Report

Sandstorm Gold Ltd (SAND) : Free Stock Analysis Report

Heico Corporation (HEI) : Free Stock Analysis Report

Camden National Corporation (CAC) : Free Stock Analysis Report

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