|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||182.04 - 185.52|
|52 Week Range||121.60 - 187.05|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||34.82|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||1.20 (0.66%)|
|1y Target Est||203.17|
DOW UPDATE Shares of American Express and Visa are seeing strong returns Friday afternoon, sending the Dow Jones Industrial Average into positive territory. The Dow (DJIA) was most recently trading 25 points higher (0.
It's difficult to lock down the absolute best stocks to buy for any year - but 2020 could be particularly challenging.For one, 2019's run-up has lifted stocks to sky-high prices only seen a handful of times in history. Also, the global economy is starting the year at a potential inflection point - growth has been weakening for months, but signals of a turnaround are starting to pop up. And the 2020 presidential cycle is almost certain to cause headaches for a number of politics-sensitive sectors.The year ahead could be every bit as volatile as 2019, if not moreso. Thus, the best stocks for 2020 will need to have not just decent-to-robust growth prospects, but a little durability too. That's quite the needle to thread ... but several companies do fit that bill.Here are the 20 best stocks to buy for 2020, rain or shine. A few of these possess typical defensive characteristics such as recession-resistant businesses and/or high dividend yields. A few possess qualities that could protect them from 2020-specific dangers, such as trade turbulence or the upcoming presidential elections. But all of them merit a place in most stock portfolios in the coming year. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement
People generally assume that a dividend stock has to have a high starting yield to generate lots of income. This is a mistaken assumption. In fact, you often earn more income over the long-run buying a fast-growing company with a low starting dividend yield, than one with a large current yield but minimal growth prospects.Think about capital allocation for a second. When a company has many ways to grow its business internally, it generally shouldn't pay a huge dividend. As shareholders, you get more value from the company opening more stores, factories, and whatnot to grow the business. Frequently, by the time a company starts paying a huge dividend, it is a sign of a corporation getting up there in years; the company no longer has tons of vigor to keep expanding. A mature company can pay large dividends for decades, but it won't have jaw-dropping earnings and dividend upside any more. * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade Oftentimes, the best way to get a dividend yield is by buying a company as it is just starting to transition from all-out growth toward stable maturity. You get a company that has started to pay a dividend, but still has plenty of opportunities to reinvest in their business and keep earnings moving sharply higher. Let's start looking at these underappreciated dividend growth machines with arguably the decade's most iconic example.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (AAPL) * Dividend growth since 2009: Dividend payments began in 2012 * Yield-on-cost for Dec. 2009 purchase: 10.2% * Dividends received this decade if you invested $10,000 in Dec. 2009: $5,605Source: George Dolgikh / Shutterstock.com Apple (NASDAQ:AAPL) is one of the decade's most impressive dividend stories. Previously, Apple had last paid a dividend way back in 1995. As the company's fortunes faded, it had to suspend its dividend altogether during the lean years. After the turn of the century, the outlook started to improve with the iPod and subsequent new product launches.For years, Apple piled up more profits and cash as iPhone sales exploded. In 2012, the company realized that it was running out of great new growth opportunities, and the company's treasury was overflowing. So, after a 17-year drought, Apple kicked off paying a healthy sum out to shareholders once again.They launched with a $1.51 per year dividend in 2012, and have steadily hiked it since then. Impressively, despite not starting a dividend payout until 2012, if you had invested $10,000 at the end of 2009, you'd have already gotten back $5,605 in dividends on your starting investment. The yield-on-cost -- that is to say your annual yield on your starting investment -- topped 10% as well. Income investors that skipped AAPL stock a decade ago because it didn't pay a dividend ended up missing one of the 2010's best yield plays. Visa (V) * Dividend growth since 2009: 26.1% per year compounded * Yield-on-cost for Dec. 2009 purchase: 5.5% * Dividends received this decade if you invested $10,000 in Dec. 2009: $2,295Source: Shutterstock Credit card network giant Visa (NYSE:V) launched its Initial Public Offering in 2008. Despite the inopportune timing to go public, Visa stock has been a nearly-instantaneous winner for its investors. Despite that, it didn't initially appear to be much of a dividend-paying stock. Visa paid just 11 cents per share in dividends in 2009; that calculated out to just a 0.5% dividend yield based on Visa's then-$22 stock price.Times have changed though. For one, Visa's stock is up almost 10x over the past decade and now trades around $180. Visa's dividend payments are up by a similar amount, with the annual payout jumping from 11 cents a year to a dollar a year per share. * The 10 Worst Dividend Stocks of the Decade The company's success comes from several factors. For one, it only has one true global competitor, Mastercard (NYSE:MA). Other rivals have failed to achieve the necessary scope to really compete. Also, the purchase of Visa Europe a few years ago was a great move that provided more growth runway than investors had expected. Though disruption may eventually come from newer financial payment technologies, for now, Visa remains an unexpected dividend growth stock superstar. Nike (NKE) * Dividend growth since 2009: 13.3% per year compounded * Yield-on-cost for Dec. 2009 purchase: 6.1% * Dividends received this decade if you invested $10,000 in Dec. 2009: $3,402Source: TY Lim / Shutterstock.com Just over the past year or so, apparel giant Nike (NYSE:NKE) has started to get some attention as a leading dividend growth stock. The company is well-positioned internationally, as it has grown sales in China and other key emerging markets. This has helped Nike post double-digit EPS growth for years and has led to a sharply rising Nike stock price.Long-time Nike stock owners will know that the company has been increasingly generous with its dividends as well. Like numerous stocks on this list, Nike never looked like much of a dividend payer, as its current annual yield is usually around 1%. That's right in line with where it is now; Nike pays 1.02% at the moment.So how has Nike delivered such compelling dividend growth over the past decade? Simple: it compounds. By growing the dividend at more than 13% per year, a starting 1% yield quickly becomes so much more. In fact, if you bought $10,000 of Nike stock a decade ago, you're now getting $610 per year in income. Additionally, you've earned back more than a third of your starting investment in dividends cumulatively. Let Nike be an example of the power of a fast-growing dividend to pile up plenty of wealth in just one decade. Texas Instruments (TXN) * Dividend growth since 2009: 20.4% per year compounded * Yield-on-cost for Dec. 2009 purchase: 13.8% * Dividends received this decade if you invested $10,000 in Dec. 2009: $5,787Source: Katherine Welles / Shutterstock.com If you think of superstar tech stocks, Texas Instruments (NASDAQ:TXN) probably wouldn't be the first name that comes to mind. But the Dallas-based firm has become a mega-successful semiconductor firm in its own right.TXN stock has surged from less than $25 per share in 2009 to $125 now. And it has managed tremendous dividend growth as well, as it has put up a compounded growth rate of more than 20% per year. It has one of the most impressive dividend stories of America's large-cap stocks, in fact. Had you bought $10,000 worth of Texas Instruments at the end of 2009, you'd have already received back nearly $6,000 today. On top of that, you'd be getting $1,380 dollar a year in dividends going forward off your initial $10,000, which makes for a whopping 14% yield on cost.How has Texas Instruments managed this feat? It's due to three separate mechanisms. For one, the company has matured and slowed down growth, instead ratcheting up its dividend payout ratio. It's a classic example of the process I discussed at the top of this article where a company converts from aggressive expansion to a more balanced approach. Where it has grown, it has done so strategically, focusing on long-life semiconductor chips for applications such as sensors and automobiles where there is less competition than in other categories such as cell phones, CPUs, or memory chips. * 7 Energy Stocks That Are Still Worth Buying In 2020 Finally, Texas Instruments has utilized fantastic capital allocation. The company was quick to take advantage of low interest rates, issuing billions in debt earlier this decade for interest rates of less than 2%. It used this to buy back stock, driving up EPS and allowing it to pay a much larger dividend on its remaining outstanding shares. This combination of smart expansion and crafty financial dealings allowed Texas Instruments to be one of the decade's top growth and income stocks. Estee Lauder (EL) * Dividend growth since 2009: 19.0% per year compounded * Yield-on-cost for Dec. 2009 purchase: 7.9% * Dividends received this decade if you invested $10,000 in Dec. 2009: $4,218Source: Shutterstock Luxury cosmetics company Estee Lauder (NYSE:EL) checks a lot of the same boxes as Nike. Like Nike, Estee Lauder has enjoyed unmatched success in China, Hong Kong, and other key Asian markets. Like Nike, EL is benefiting from a huge wave of global prosperity and rising consumer spending in almost every corner of the world. And like Nike, Estee Lauder benefits from international media.Nike has its amazingly effective athlete endorsements to sell product. Meanwhile, Estee Lauder has tapped into Instagram culture to sell more makeup and cosmetics products than ever before.While Nike is more of a household name for many investors, Estee Lauder has managed to top its consumer goods peer in dividend growth. Impressively, Estee Lauder has put up 19%/year dividend growth such that its generally low current dividend yield has exploded into an absolute income machine over the past decade. Shares purchased ten years ago now pay nearly 8% per year, and an initial $10,000 investment has kicked out more than $4,200 in dividends already.And the good times should keep on rolling, as Estee Lauder has numerous tailwinds at its back. The rise of global travel in particular is of great benefit, as Estee Lauder sells a remarkable amount of products in airport shops; turns out people with spending money are eager to buy expensive products during their vacations. And that, in turn, will put even more dividends in Estee Lauder stockowners' pockets in coming years. Hormel Foods (HRL) * Dividend growth since 2009: 16.9% per year compounded * Yield-on-cost for Dec. 2009 purchase: 8.8% * Dividends received this decade if you invested $10,000 in Dec. 2009: $5,057Source: Mike Mozart via Flickr (Modified)Income investors tend to love the food and beverages sector. There are plenty of iconic American companies in this category, and many of them have paid rising dividends for decades on end. What's less-known, however, is that the smaller, more dynamic food companies often top the bigger ones.A beverage stock like Coca-Cola (NYSE:KO) is widely known and loved. No less a super-investor than Warren Buffett is a huge fan. Yet KO stock delivered a rather ordinary decade of dividends. It grew its dividend at just 7%/year compounded, and offers a yield-on-cost of 6% if you bought in 2009.Hormel Foods (NYSE:HRL), the maker of Spam, Skippy peanut butter, Wholly Guacamole, and a wide range of other foods has easily topped staid giants like Coca-Cola. Hormel grew its dividend by nearly 17% per year over the past decade, and investors that bought in 2009 are now getting a 9% annual dividend on their purchase. Impressively, anyone that bought then has now gotten back more than half their starting investment in dividends. * 7 Exciting Biotech Stocks to Buy Now What's the key to Hormel's success? The company has tons of organic growth; it has more than tripled revenues and earnings this decade. That far eclipses most food and beverage rivals. Also, the company's debt-free balance sheet means it doesn't have to pay interest, freeing up more money for dividends. Broadridge Financial (BR) * Dividend growth since 2009: 17.3% per year compounded * Yield-on-cost for Dec. 2009 purchase: 8% * Dividends received this decade if you invested $10,000 in Dec. 2009: $4,671Source: Shutterstock Broadridge Financial (NYSE:BR) is probably the least-known company on this list. Which goes to show that you can get fantastic dividend growth from smaller and less famous companies.While Broadridge isn't a household name, you've almost certainly used its services. That's because the company dominates proxies, which is how corporations communicate with us shareholders. When you get mail or digital communications about annual meetings, shareholders votes, or any other such matter, Broadridge is usually the service provider. The company provides additional financial services such as operating automatic dividend reinvestment plans (DRIP) for shareholders.Maybe not the world's most exciting business, but it is a vital one. Get anything wrong, and investors would be infuriated. So companies and brokerages have little incentive to switch service providers to save a tiny sum of money compared to the potential downside from dissatisfied customers. Meanwhile, the need for these functions continues regardless of how the economy is going; Broadridge's earnings fell less than 5% even during the Great Financial Crisis.The company's indispensable services and strong cash flow have made it a champion dividend payer. It grew dividends more than 17%/year last decade, and is now paying out 8%/year of dividends on an initial 2009 investment. With the company now moving into software for wealth management services, investors should expect Broadridge's latest expansion efforts to lead to even more income growth over the next decade.At the time of this writing, Ian Bezek owned TXN, EL, HRL, and BR shares. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade * 7 Tech Stocks to Stuff Your Stocking With * 7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020 The post 7 of the Decade's Fastest-Growing Dividend Stocks appeared first on InvestorPlace.
DOW UPDATE Shares of UnitedHealth and Apple Inc. are posting strong returns Friday morning, propelling the Dow Jones Industrial Average into positive territory. Shares of UnitedHealth (UNH) and Apple Inc.
(Bloomberg) -- The embattled co-working company WeWork completed the first of what it hopes will be a series of asset sales by finding a buyer for Conductor, a unit that makes marketing software used by Visa Inc. and Samsung Electronics Co.Seth Besmertnik, who co-founded Conductor before selling it to his college classmate Adam Neumann, will stay on as chief executive officer of the newly independent entity, the companies plan to announce Thursday. Besmertnik and other investors will contribute $15 million to fund operations and grant Conductor’s 250 or so employees majority ownership of the business through founder-class stock. Conductor and WeWork declined to disclose terms of the sale.For WeWork, selling off side businesses and turning attention back to co-working is a primary element of the turnaround plan set by the company’s new management. In October, SoftBank Group Corp. agreed to take a majority stake in WeWork, after a failed initial public offering put the company in danger of running out of money and cost Neumann the CEO job. SoftBank helped bring in new leaders, who are eliminating 2,400 jobs. WeWork is in talks to sell another business, Managed by Q, to a group of investors that includes the co-founder of that startup. And WeWork said Thursday that it’s shuttering a unit called Spacious that it acquired less than four months ago.Recent events have weighed heavily on morale inside WeWork. Conductor executives hope the new employee stock plan will raise spirits. In addition to holding a majority of stockholder votes, staff will be asked to elect a representative to the board. “This will ensure, in the long term, the company is always acting in the best interest of all the shareholders and that the employees have access to information about how we’re running the company,” Besmertnik said.Besmertnik helped start Conductor in 2010, eventually amassing more than 400 customers using its software to design marketing campaigns and optimize websites for search engines. Conductor had raised more than $60 million in venture funding, a laudable figure for a corporate software company but far from the more than $12 billion Neumann took in for WeWork.Investors had entrusted Neumann to build a global empire of office space for rent. WeWork’s valuation kept climbing, and Neumann seemed to be unstoppable. WeWork paid $126 million, not including performance bonuses, for Conductor last year. The deal would give Conductor cash to invest in research and development and double the size of that team. In return, Neumann gained a new channel of communication with Citigroup Inc., Salesforce.com Inc. and other Conductor customers right as WeWork was trying to recruit larger companies, which made up 25% of its membership at the time.The deal also reunited Besmertnik with Neumann, nearly two decades after they met as students at Baruch College in New York City. Both men dropped out to pursue business careers before returning later to earn degrees. Onstage at an industry conference a month after the acquisition, Besmertnik embraced Neumann, who greeted Conductor employees as family. “Welcome home,” Neumann said.Besmertnik said that while WeWork’s meltdown has been hard on the Conductor team, he’s grateful to have been a part of the company. Artie Minson, one of two men who replaced Neumann as CEO, praised Besmertnik in an emailed statement and said the divestiture is “a positive step forward for both WeWork and Conductor.” The buyout was partly financed by Besmertnik, along with Selina Eizik, the chief operating officer at Conductor, and Jason Finger, a founder of the Grubhub Inc.-owned food delivery app Seamless.Speaking from his New York office, which is lined with action figures and features a whiteboard covered in inspirational quotes (“The world is a reflection of you.”), Besmertnik said he’s focused on enforcing a strong company culture and a “people-first approach.” He hopes the new stock ownership program for employees sets an example for other businesses to follow, he said: “I’ve always felt the system wasn’t fair. If there happens to be a new CEO or a new board that doesn’t have the same willingness to fight for the people, employees stand to get the short end of the stick.”(Updates with Spacious closure in the third paragraph.)To contact the author of this story: Candy Cheng in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Mark Milian at email@example.com, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
New York’s Metropolitan Transportation Authority said Wednesday that it has rolled out contactless-payment capabilities at Penn Station, part of the agency’s plan to reach 85 subway stations by the end of the month and all 472 stations by the end of next year.
Billionaire Ken Fisher is in hot water because of his sexual comments at a financial services conference. Fisher is known for his prestigious Forbes column, titled “Portfolio Strategy”, which he has been writing since 1984, which makes him the longest-running columnist in the publication’s history. He also has written 11 books, four of which became New […]
Visa (NYSE: V) and the pan-African fintech leader MFS Africa today announced a partnership that will help bridge the gap between the rapidly growing mobile money ecosystem in Africa and the world of online digital payments, significantly expanding Visa’s reach and its ability to open up commerce to the region.
In today’s connected world, moving money for consumers and businesses should be as simple and routine as sending a text message. Yet, in many cases, consumers and businesses still rely on manual, paper-based processes, high fees and cash to send money to friends, families and business partners. Through Visa Direct, a real-time1 push payment solution that has processed 2 billion transactions2 in the past year, Visa is working with partners and clients around the world to simplify, digitize and drive costs down in the rapidly-growing3 remittances space.
Two recent Mastercard options trades suggest that an institutional investor has great faith in Mastercard stock’s performance through 2021. Here’s how to place a similar trade.
Visa Inc. (NYSE: V) today announced plans to launch a new certification program and fund up to 500 scholarships, available to qualified applicants, that can be used toward obtaining this new professional certification. Visa’s new certification program is designed to train individuals as dispute resolution professionals, a role that is currently in high demand across the payments ecosystem.
FINNOSUMMIT -- NovoPayment, a Banking-as-a-Service platform category leader, and Visa Inc., the world’s leader in digital payments, today announced an expansion of their strategic partnership to enable financial institutions and merchants to deploy Visa’s digital solutions in Latin America and the Caribbean. Visa has also made a strategic investment in NovoPayment.
Visa, the world's leading digital payments technology company, has announced a series of new partners that will make it easier for fintechs to issue payment cards in physical plastic or digital formats.
DOW UPDATE The Dow Jones Industrial Average is falling Monday morning with shares of Visa and Walt Disney delivering the stiffest headwinds for the price-weighted average. Shares of Visa (V) and Walt Disney (DIS) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 207 points lower (-0.
DOW UPDATE Behind declines for shares of Visa and Microsoft, the Dow Jones Industrial Average is down Monday morning. The Dow (DJIA) was most recently trading 81 points lower (-0.3%), as shares of Visa (V) and Microsoft (MSFT) are contributing to the index's intraday decline.
Visa (NYSE: V) today joined the China Women's Development Foundation (CWDF) and Beijing Sport University (BSU) to announce the launch of "Olympics and Women" program. Leveraging the Olympic Winter Games Beijing 2022, the program aims to empower women to grow their small businesses and contribute to local social-economic development and sustainable growth.