June 17, 2023 / Last updated : June 17, 2023 weeklyadmin32 Weekly Dividends

Top 10 Dividend Stocks to Watch: June 21 – 29, 2023

7. – AVGO – Broadcom Inc. Common Stock

Forward Yield (%): 2.12%

Ex-Dividend Date: 2023-06-21

This week, Broadcom Inc. Common Stock is ranked 7th in our Top 10 Weekly Dividend Rankings. Broadcom Inc. is a global semiconductor leader that designs, develops, and supplies a wide range of analogue and digital ICs for numerous networking, communications, and consumer markets. Over the years, it has been remarkably consistent and successful in its revenue growth and dividend payouts. It has been paying consistent dividends since 2010, and its dividend yield has been well above average.

Recent Dividends

Pay Date Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Dec-21 Sep-21 Jun-21
Amount 4.60 4.60 4.10 4.10 4.10 4.10 3.60 3.60
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

6. – MTN – Vail Resorts, Inc.

Forward Yield (%): 3.32%

Ex-Dividend Date: 2023-06-26

Vail Resorts Inc. is this week’s sixth-ranked company for its impressive dividend growth and durability. This leading valley resort operator owns mountain resorts, hotels, and recreational properties worldwide. With over 30 years of dividend payments, it shows its commitment to returning profits to shareholders. Vail Resorts Inc. has grown revenues steadily in the past, and it continues to expand its reach and portfolio portfolio of properties. Its dividend growth has also been impressive, rising steadily over the past few years. Vail Resorts Inc. is a great way to benefit from long-term investment dividends.

Recent Dividends

Pay Date Apr-23 Jan-23 Oct-22 Jul-22 Apr-22 Jan-22 Oct-21 Apr-20
Amount 2.06 1.91 1.91 1.91 1.91 0.88 0.88 1.76
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

5. – IFF – International Flavors & Fragrances Inc.

Forward Yield (%): 4.03%

Ex-Dividend Date: 2023-06-22

This week, we have International Flavors & Fragrances Inc. (IFF) at number five in our top 10 weekly dividend rankings. IFF is a leading innovator of unique flavors and fragrances used in a variety of items, ranging from foods to perfumes. The company has a long track record of stable and growing dividends, and is renowned for their rewards to shareholders. The company has a strong and reliable dividend payment history that makes them appealing to the dividend investor.

Recent Dividends

Pay Date Apr-23 Jan-23 Oct-22 Jul-22 Apr-22 Jan-22 Oct-21 Jul-21
Amount 0.81 0.81 0.81 0.79 0.79 0.79 0.79 0.77
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

4. – FRT – Federal Realty Investment Trust

Forward Yield (%): 4.50%

Ex-Dividend Date: 2023-06-21

This week Federal Realty Investment Trust holds position 4 in the top 10 weekly dividend rankings. Established in 1962, the trust is one of the oldest and most reputable real estate investment trusts (REITs) out there. Federal Realty focuses on grocery-anchored shopping centers and street retail properties in the US, owning over 141 properties. The trust has been consistently raising its dividend every year since its beginning and currently pays a dividend yield of 2.76%. The dividend is well covered by its funds from operations which has enabled Federal Realty to prove its stability over time.

Recent Dividends

Pay Date Apr-23 Jan-23 Oct-22 Jul-22 Apr-22 Jan-22 Oct-21 Jul-21
Amount 1.08 1.08 1.08 1.07 1.07 1.07 1.07 1.06
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

3. – PM – Philip Morris International Inc.

Forward Yield (%): 5.35%

Ex-Dividend Date: 2023-06-22

This week, Philip Morris International Inc. ranks 3rd on our top 10 dividend rankings. PMI (NYSE: PM) is one of the world’s leading tobacco companies, with an extensive lineup of high-quality cigarette brands manufactured and marketed around the world. It has consistently grown sales and earnings over the years, which is a testament to its strong brand recognition and well-known product portfolio. In terms of dividends, PMI has also demonstrated great consistency. Despite only beginning its dividend payments in 2010, the company has enjoyed a steady increase in its annual dividend payouts ever since and currently offers a yield of 6.78%. This is an attractive payout for investors in search of solid and reliable dividend income. Moreover, PMI’s dividend growth also appears sustainable, given its healthy cash flow, good profit margins, and strong long-term growth prospects. With its consistent dividend payments and solid growth prospects, PMI is an excellent long-term dividend stock worthy of consideration.

Recent Dividends

Pay Date Apr-23 Jan-23 Oct-22 Jul-22 Apr-22 Jan-22 Oct-21 Jul-21
Amount 1.27 1.27 1.27 1.25 1.25 1.25 1.25 1.20
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

2. – MED – Medifast, Inc.

Forward Yield (%): 8.02%

Ex-Dividend Date: 2023-06-26

This week, Medifast, Inc. occupies the coveted second spot in our top 10 weekly dividend rankings. Medifast is an American nutrition and weight-loss company that produces and sells nutritional and weight-loss products, such as meal replacements, shakes, bars, multivitamins, and other supplements. Their brands are sold in more than 130,000 healthcare providers and have more than two million customers in the United States, Canada, and United Kingdom. Since going public in 2014, the company has delivered impressive financial results. Revenues have experienced steady growth over the past five years, culminating in a 24.2% y/y increase in 2019. This recent growth has resulted in a healthy dividend payout, with the most recent quarterly dividends of $0.13 per share being declared in October 2020; Medifast joined the S&P SmallCap 600 index in November 2020. Given their financial success, solid dividend history, and strategic partnerships, Medifast is a smart choice for conservative dividend investors.

Recent Dividends

Pay Date May-23 Feb-23 Nov-22 Aug-22 May-22 Feb-22 Nov-21 Aug-21
Amount 1.65 1.64 1.64 1.64 1.64 1.42 1.42 1.42
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

1. – KARO – Karooooo Ltd. Ordinary Shares

Forward Yield (%): 14.26%

Ex-Dividend Date: 2023-06-22

This week, Karooooo Ltd. Ordinary Shares earned top honors in our weekly dividend rankings. Karooooo Ltd., a leading global manufacturer and distributor of industrial goods, has been a stalwart of dividend reliability and growth over the years, offering a generous and consistent dividend income to investors. Established in 1975, Karooooo’s operations span manufacturing, distribution, and online retail across multiple countries, with emphasis on the production of industrial grade machinery and tools. Known for its stringent and meticulous management practises, the company has earned a reputation for its strict attention to detail, scalability, and operational excellence, all the while remaining competitively priced for their target markets. Gradually, but steadily, the dividend distributions of Karooooo have gone up in the last 5 years, ensuring that investors can count on a consistent growth in dividend income at a rate far higher than inflation. Indeed, the company is earning a well-deserved spot in the should come as no surprise that Karooo Ltd. Ordinary Shares would top the list of highest yielding investments for the week.

Recent Dividends

Pay Date Sep-22
Amount 0.60
Type Regular

 

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