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Zacks.com featured highlights H&R Block, Diamondback Energy, Westlake Chemical, The Kroger and Extra Space Storage

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·6 min read
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For Immediate Release

Chicago, IL – May 26, 2022 – Stocks in this week’s article are H&R Block Inc. HRB, Diamondback Energy FANG, Westlake Chemical Corp. WLK, The Kroger Co. KR and Extra Space Storage EXR.

5 Dividend Growth Stocks Set to Outperform Amid Volatility

Dividend investing has been in vogue amid bouts of volatility and uncertainty over sky-high inflation, rising interest rates and a dampening economic outlook. This is especially true as these are major sources of consistent income for investors in any type of market though they do not offer dramatic price appreciation.

In particular, focusing on the growth level in this strategy leads to higher returns. Stocks with a strong history of year-over-year dividend growth form a healthy portfolio with a greater scope of capital appreciation as opposed to simple dividend-paying stocks or those that have high yields. We have selected five dividend growth stocks — H&R Block Inc., Diamondback Energy, Westlake Chemical Corp., The Kroger Co. and Extra Space Storage — that could be compelling picks in the current market trends.

Here are the five of the 20 stocks that fit the bill:

Missouri-based H&R Block is a leading provider of tax preparation services. The company provides assisted income tax return preparation, do-it-yourself (DIY) tax solutions and other products and services associated with income tax return preparation in the United States, Canada and Australia. H&R Block saw a solid earnings estimate revision of 32 cents over the past 30 days for the fiscal year (ending June 2022) and delivered an average earnings surprise of 21.04% in the past four quarters.

H&R Block has a Zacks Rank #1 and Growth Score of B. You can see the complete list of today's Zacks #1 Rank stocks here.

Texas-based Diamondback Energy is an independent oil and gas exploration & production company, with a primary focus on the Permian Basin. FANG saw a solid earnings estimate revision of $1.06 over the past 30 days for this year and has an estimated earnings growth rate of 123.2%.

Diamondback Energy has a Zacks Rank #2 and Growth Score of A.

Texas-based Westlake Chemical is a global producer and supplier of materials and innovative products. It has seen a solid earnings estimate revision of $2.09 for this year over the past one month and has an expected earnings growth rate of 26.4%.

Westlake Chemical has a Zacks Rank #1 and Growth Score of B.

Ohio-based The Kroger operates as a retailer in the United States. The company operates a combination of food and drug stores, multi-department stores, marketplace stores and price impact warehouses. The stock saw a positive earnings estimate revision of 8 cents for the fiscal year (ending January 2023) and has an expected earnings growth rate of 4.08%.

Kroger has a Zacks Rank #2 and Growth Score of A.

Utah-based Extra Space is a notable name in the self-storage industry. This real estate investment trust offers an array of well-located storage units to its customers, including boat storage, recreational vehicle storage and business storage. Extra Space saw a positive earnings estimate revision of 15 cents over the past 30 days for this year and has an expected earnings growth rate of 16.79%.

Extra Space has a Zacks Rank #2 and Growth Score of B.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1928951/5-dividend-growth-stocks-set-to-outperform-amid-volatility

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Contact: Jim Giaquinto

Company: Zacks.com

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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

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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Westlake Corp. (WLK) : Free Stock Analysis Report
 
The Kroger Co. (KR) : Free Stock Analysis Report
 
H&R Block, Inc. (HRB) : Free Stock Analysis Report
 
Extra Space Storage Inc (EXR) : Free Stock Analysis Report
 
Diamondback Energy, Inc. (FANG) : Free Stock Analysis Report
 
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