On Jun 27, The Kroger Co announced that its shareholders would receive a dividend of $0.32 a share on Sep 1, 2024. KR has a dividend yield of 2.24%. Over the past five years, The Kroger Co has increased its dividend six times, and its payout ratio at present sits at 25% of earnings. Check The Kroger Co's dividend history here. The rally follows impressive economic data that shows a decline in inflation and a cooling labor market. The consumer price index (CPI) remained unchanged month over month in May afte ...

Core Insights - Cummins is focusing on returning value to shareholders through reasonable debt levels and operational efficiency, having returned $921 million via dividends last year [1] - The company is advancing in electrification and clean energy technologies, with a $500 million electrolyzer backlog and facility expansions to meet rising demand [2] - Lower truck production in North America is expected to reduce engine shipments by 5-10% in 2024, leading to flat or decreased revenue in the Engine unit and a decline in EBITDA margins [3] - Cummins shares currently trade at a P/E ratio of 13.44, lower than the sector's 17.13 but higher than its five-year median [4] - The Zacks Consensus Estimate indicates a year-over-year decline in revenues and earnings for 2024, with downward estimate revisions for EPS [5] - The company has raised its quarterly dividend by 8.3% to $1.82/share, marking the 15th consecutive year of payout hikes [8] - Cummins holds an 'A' credit rating from S&P Global Ratings, with a return on equity of 25%, significantly higher than the auto sector's 11% [9] - The Power Systems segment is expected to benefit from growth in power generation volumes, particularly in China and India, supporting revenue growth expectations [11] - Cummins shares have increased by 14.4% year to date, outperforming the auto sector [12] - The company's dividend yield stands at 2.5%, with a sustainable payout ratio of 35% [16] - Cummins is strategically positioned for long-term growth through its product portfolio and commitment to carbon neutrality, bolstered by the acquisition of Meritor [17]

Core Viewpoint - The article discusses eight dividend stocks expected to announce dividend increases in July 2024, highlighting their current and forecasted dividend yields, historical performance, and the significance of dividend growth in investment decisions [4][10]. Dividend Stocks Overview Stanley Black & Decker (SWK) - Current Dividend Yield: 3.99% (as of 7/9/24) - Forecasted Dividend Yield: 4.16% - Consecutive Dividend Increases: 55+ - 2023 Dividend Increase: 1.25% - 5-Year Average Dividend Growth Rate: 4.18% [3] Cummins (CMI) - Current Dividend Yield: 2.49% (as of 7/9/24) - Forecasted Dividend Yield: 2.69% - Consecutive Dividend Increases: 18+ - 2023 Dividend Increase: 7.01% - 5-Year Average Dividend Growth Rate: 8.08% [3] J.M. Smuckers (SJM) - Current Dividend Yield: 3.86% (as of 7/9/24) - Forecasted Dividend Yield: 4.03% - Consecutive Dividend Increases: 23+ - 2023 Dividend Increase: 3.92% - 5-Year Average Dividend Growth Rate: 4.51% [7] Cintas (CTAS) - Current Dividend Yield: 0.76% (as of 7/9/24) - Forecasted Dividend Yield: 0.92% - Consecutive Dividend Increases: 35+ - 2023 Dividend Increase: 17.39% - 5-Year Average Dividend Growth Rate: 21.37% [8] Mondelez (MDLZ) - Current Dividend Yield: 2.57% (as of 7/9/24) - Forecasted Dividend Yield: 2.84% - Consecutive Dividend Increases: 10+ - 2023 Dividend Increase: 10.39% - 5-Year Average Dividend Growth Rate: 10.33% [8] Norfolk Southern (NSC) - Current Dividend Yield: Not specified - Consecutive Dividend Increases: Streak at risk due to no increase last year - 2023 Dividend Payout higher than 2022 [17] PPG Industries (PPG) - Current Dividend Yield: 2.05% (as of 7/9/24) - Forecasted Dividend Yield: 2.19% - Consecutive Dividend Increases: 51+ - 2023 Dividend Increase: 4.84% - 5-Year Average Dividend Growth Rate: 6.65% [18] Hershey's (HSY) - Current Dividend Yield: 2.97% (as of 7/9/24) - Forecasted Dividend Yield: 3.33% - Consecutive Dividend Increases: 14+ - 2023 Dividend Increase: 32.24% - 5-Year Average Dividend Growth Rate: 12.15% [15]

Core Insights - Several auto stocks are gaining attention as new additions to the Zacks Rank 1 (Strong Buy) list, indicating improved outlooks and attractive valuations for investment [1] Group 1: Auto Stocks Performance - Ford's annual dividend yield is currently at 5.09%, significantly higher than General Motors' (GM) 1.01%, making it appealing for income-seeking investors [2] - Suzuki Motor's stock has risen by 8% this year and is trading at 11.7X forward earnings, with earnings estimates for FY25 increasing by 11% over the last 60 days [4] - Cummins' stock is up 15% year-to-date, with strong operating cash flow and sales reaching $34.06 billion last year, despite a projected slight dip in fiscal 2024 [8] Group 2: Company Strategies and Projections - Cummins has benefited from strong demand in the diesel and natural gas engine market and the acquisition of Meritor for $3.7 billion has expanded its product offerings [7][8] - Ford's stock is trading at $11 and 5.8X forward earnings, with annual earnings expected at $2.02 per share for FY24 and FY25, and sales projected near $170 billion [10] - Suzuki aims to enter the EV market with plans to introduce a compact electric-powered "flying car" in 2025, enhancing investor sentiment [4]

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time. The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the nearterm price movement of its stock are proven to be strongl ...

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Cummins (CMI) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question. Over the past three months, the Zacks Consensus Estimate for CMI's full-year earnings has moved 2.5% higher. This is a sign of improving analyst sentiment and a positive earn ...

A semi truck driving down a highway. Navigating A Challenging Macroenvironment Cummins Analyst Day 2024 Presentation The near-term economic environment will likely continue to weigh on earnings throughout 2024. This is why analysts anticipate that non-GAAP diluted EPS will contract by 5.3% to $18.65 in 2024. These ebbs and flows look to be baked into Cummins' guidance of 5% to 7% compound annual growth rates for sales through 2030. Growth in aftermarkets, continued original equipment manufacturing outsourci ...

jetcityimage Building a business is tough. Building a stock-listed company with consistent dividend growth and double-digit annual returns is even harder. Doing this in a cyclical industry takes things to a whole new level. Essentially, there are three major machinery companies on my radar that have done this: Deere & Company (DE). Caterpillar (CAT). Cummins (NYSE:CMI), the star of this article. Since January 2004, CMI shares have returned 17.6% annually! This includes the Great Financial Crisis, the 2015/2 ...

Image Source: Zacks Investment Research Public Storage Insider Buys 2.1k Shares Public Storage's principal business activities include the ownership and operation of self-storage facilities and other related operations, including tenant reinsurance and third-party self-storage management. A director recently made a decent-sized purchase, acquiring roughly 2100 shares at a total transaction value of just under $600k. Given its status as a REIT, income investors could be interested, with shares currently yiel ...

Everyone who has tried generative AI knows it’s a transformational technology. And it isn’t a fad; artificial intelligence will be with us for decades. Let’s highlight some under-the-radar AI stocks to profit from this revolution.Investors have increased their exposure to AI investments as the payoffs of the innovation become clearer. A major focus has been on semiconductor companies like Nvidia (NASDAQ:NVDA) and software stocks like Microsoft (NASDAQ:MSFT). While these industries might still have more upsi ...