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Time to Buy These 4 Stocks With Risking Dividend Yields?
ACNAccenture(ACN) ZACKS·2024-10-01 19:02

Market Overview - Wall Street rallied in September despite historically being the worst month for stocks, with the S&P 500, Dow, and Nasdaq closing higher by 2%, 1.9%, and 2.7%, respectively [2] - The Federal Reserve's 50-basis-point rate cut in September and comments from Chairman Jerome Powell about potential further rate cuts fueled the stock market rally [2][3] - Consumer confidence dropped to 98.7 in September, its lowest level in three years, raising concerns about the economy's health [3] Dividend Stocks as a Safe Investment - Dividend-paying stocks are recommended for cautious investors seeking steady income and capital preservation, especially in a volatile market [1][3] - Companies with solid operations and dependable business models that consistently deliver dividends tend to perform better in high-volatility markets [3] Honeywell International Inc (HON) - A global diversified technology and manufacturing company with a wide range of products and services, including aerospace, energy-efficient solutions, and specialty chemicals [4] - Declared a dividend of 1.13persharewithadividendyieldof2.081.13 per share with a dividend yield of 2.08% and a payout ratio of 45% of earnings [4] - Increased its dividend six times over the past five years [4] Accenture plc (ACN) - A top global consultancy firm with significant investments in digital, cloud, and security strategies, contributing to a 4% revenue increase in fiscal 2023 [6] - Declared a dividend of 1.48 per share with a dividend yield of 1.48% and a payout ratio of 43% of earnings [6] - Increased its dividend six times over the past five years [6] City Holding Company (CHCO) - A multi-bank holding company providing diversified financial products and services to consumers and local businesses [7] - Declared a dividend of 0.79persharewithadividendyieldof2.450.79 per share with a dividend yield of 2.45% and a payout ratio of 37% of earnings [7] - Increased its dividend six times over the past five years [7] First United Corporation (FUNC) - A one-bank holding company with two non-bank subsidiaries [8] - Declared a dividend of 0.22 per share with a dividend yield of 2.69% and a payout ratio of 28% of earnings [8] - Increased its dividend five times over the past five years [8]