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Dividend Darlings: 8 Cash Machines to Buy Before July's Payout Frenzy
The summer sizzle is about to reach peak temperatures for income investors! As the July 9th ex-dividend date bonanza rapidly approaches, it's time to position your portfolio for an absolute avalanche of cash payouts from Wall Street's most generous dividend darlings.
From industrial titans and payment processing juggernauts to retail juggernauts and red-hot real estate plays, this elite group of 8 stocks represents an unrivaled opportunity to inflate your income streams. With yields up to 6%, there's serious money to be made by getting ahead of this quarterly dividend stampede.
Let's dive into the heavy hitters primed to shower shareholders with fortunes in just a matter of days:
MSC Industrial Direct (MSM) - With over 590,000 industrial products for sale, this supply chain titan is a dividend machine cranking out a succulent 4.2% yield. MSM's defensible business model generates gushers of cash flow to fund its extremely reliable $0.83 per share payout.
Mastercard (MA) - Despite a modest 0.6% yield, the sheer size of MA's payment processing empire means even crumbs from the table amount to serious money for income chasers. The payment technology leader is on deck to disburse $0.66 per share in dividends in early August.
Dollar General (DG) - Blending surging growth with juicy income streams, discount retail king DG boasts a 1.9% yield backed by its wildly profitable small-box business model and recession-resilient customer base. A $0.59 dividend per share lies just ahead.
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Better Than Oil Stocks |
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Salesforce (CRM) - Enterprise software trailblazer CRM pairs a market-thumping 0.6% yield with one of the most attractive growth trajectories in tech. While the dividend isn't huge yet at $0.40 per share, CRM's brilliant future cash flow prospects mean bigger payouts loom on the horizon.
Glacier Bancorp (GBCI) - With a sturdy 3.6% yield and durable regional banking presence in the Western U.S., GBCI offers the perfect blend of high income and reasonable risk. A $0.33 per share dividend sets up nicely for the summer heat.
Kite Realty Group (KRG) - There are few safer corners of the real estate world than top-tier shopping mall landlords like KRG. And with a juicy 4.5% yield underwritten by surging consumer spending, the $0.25 per share dividend on offer is hard to resist.
Newtek Business Services (NEWT) - For true income cravings, small business financer NEWT simply can't be topped at the moment. A staggering 6.0% yield with plenty of growth potential to boot makes the $0.19 per share payout downright irresistible.
The New York Times (NYT) - Even staid legacy media stocks are joining the dividend bonanza. With its digital transformation unlocking fresh cash streams, NYT's 1.0% yield translates into a quarterly $0.13 per share payout investors can bank on.
From unshakable income stalwarts like MSM and DG to sizzling growth-plus-yield opportunities like NEWT and CRM, this basket of 8 stocks runs the full gamut for dividend investors. The only remaining requirement? Taking action to get ahead of the lucrative ex-dividend date before it's too late!
Summer is dividend season, and July's payout party represents a prime chance to fatten those income streams. Don't let these paycheck opportunities from Wall Street's elite pass you by without securing your slice.