Dividend Deluge Strikes! 8 Sizzling Buys for Juicy Payouts

• By Staff Editor
• Jul 15 2024

Brace yourselves, dividend hunters! An imminent deluge of lucrative payout opportunities is headed your way as a wave of sizzling stocks approach their ex-dividend dates this Friday, July 19th. From apparel retailers to regional banks, healthcare suppliers to casual dining chains, this diverse slate cuts across virtually every sector to satiate income cravings.

 

So let's dive right into the juicy particulars starting with Oxford Industries (OXM), the owner of beloved brands like Tommy Bahama and Lilly Pulitzer. With a $0.67 per share dividend on tap, the apparel purveyor is dishing out a respectable 2.64% yield ahead of its ex-date. While analysts stubbornly cling to lukewarm "Hold" stances, astute investors recognize iconic labels with pricing power provide ample catalysts to outperform.

Next up is Eagle Bancorp (EGBN), the mid-Atlantic regional lending institution dangling an eye-popping 8.51% dividend yield after its recently approved $0.45 per share payout. With loans soaring amidst a resilient local economy, EGBN boasts an unparalleled income stream - though analysts remain skeptical with "Hold" ratings questioning management's capital allocation discipline.

For those seeking healthcare exposure, Patterson Companies (PDCO) has you covered via its $0.26 per share dividend translating into a 4.2% annual yield. PDCO is a leading distributor of dental and veterinary supplies nationwide, an economically insensitive lane perfectly positioned to flourish during volatile cycles. Value hounds celebrate the steady mid-single digit yield, while growth enthusiasts eagerly await the next accretive acquisition.

Down South, quintessentially American road-trip staple Cracker Barrel Old Country Store (CBRL) is cooking up a tasty $0.25 per share dividend concocting a 2.37% yield. Combining hearty home-style cuisines with charming retail offerings, CBRL enjoys a unique traffic-driving synergy powering steady cash flows. Contrarians sense deep value here as the iconic chain undertakes brand revitalization efforts to recapture younger demographics.

Shifting to the banking sector, First Busey Corporation (BUSE) is dishing out $0.24 per share to shareholders this quarter for a 3.66% annualized yield. This Illinois-based regional lender has drawn rare "Buy" endorsements from analysts enamored with its solid deposit bases, judicious loan underwriting standards, and well-capitalized funding positions amidst shaky macro backdrops. Few see BUSE's juicy payout approaching excessive levels anytime soon.

For more eclectic income plays, water treatment specialist Pentair (PNR) is splashing out $0.23 per share equating to a 1.15% yield that has analysts pounding the table with "Buy" ratings. PNR's smart sustainable solutions are riding accelerating needs for conservation and efficiency as dwindling freshwater supplies represent an existential threat. With pricing power underpinning its mission-critical offerings, PNR provides rare recession-resistant income streams.

Its industrial peer nVent Electric (NVT) is also commanding "Buy" recommendations after greenlighting a $0.19 per share dividend yielding 0.97% annually. As a provider of critical electrical connection and protection systems across verticals like construction and manufacturing, NVT's indispensable services generate predictable profits and cash flows powering that modest but steadily-growing income stream.

Last but certainly not least is SM Energy Company (SM), the oil and gas producer gushing a $0.18 per share dividend carrying a 1.56% forward yield. Operating across prolific Permian and South Texas shale plays, SM offers levered upside to higher energy prices through its low-cost production profile. While income isn't the primary investment hook, it certainly sweetens the deal for value-conscious investors.

Mark your calendars and fortify those income portfolios, dividend mavens! These newly-crystallized payout opportunities provide a veritable buffet of options to appease practically every income appetite across sectors. From high to low yields, aggressive growth to mature cash cows, conventional "Steady Eddie" holdings to more unconventional speculative fare - this ex-dividend slate literally has something for everyone.

So savor that dividend deluge while opportunities remain ripe. With interest rates elevated and economic uncertainties lingering, collecting a steady income stream remains the optimal strategy for cautious investors prioritizing capital preservation with upside.

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