6 Dividend Darlings that are near 52-Week Highs

DENVER, Colo., Sept 14, 2023 (www.247marketnews.com)- The following five dividend paying companies hit their 52-week highs in the past month. This list is by no means comprehensive.

After hitting a new 52-week high of $165.8499, Walmart Inc. (NYSE:WMT) is at $165.00, in light premarket trading, after hitting a new 52-week high of $165.8499 and closing, yesterday, at $164.56, up $0.04 (+0.02%), on 2,931,526 shares traded, after announcing, last week, that it will increase its dividend to $0.57. with its current dividend yield of 1.39%, Walmart remains a well-balanced growth and income stock. Its most recently reported short volume is 14,170,000 shares, which is a +2.76% increase compared to the previous month and represents 2.7 days to cover.

Procter & Gamble Co. (NYSE:PG) hit its 52-week high last month, of $158.38, but remains within striking distance, closing yesterday at $153.09, up $1.06. Procter & Gamble has rewarded dividend payments for 67 consecutive years, with the current yield at 2.46%. Additionally, it beat its most recent quarterly earnings and revenue estimates, coming in at $1.37 and $20.55 billion.

Another consistent dividend payer that’s near its 52-week high is Brown & Brown Inc. (NYSE:BRO), which has made dividend payments over the past 29 years. The insurance brokerage firm, which has been in businesses since 1939, closed yesterday at $73.14, down $0.41 (-0.56%), on 940,220 shares traded, but it still within reach of the $74.57 high that it hit two weeks ago.

Roper Technologies Inc. (NASDAQ:ROP) closed at $495.48, up $1.79 (+0.36%), on trading volume of 373,379 shares. It hit a 52-week high of $504.73 two weeks ago. Roper has a long-term track record of compounding cash flow and its current yield is 0.55%. Roper designs and develops vertical software and technology enabled products for various niche markets, and its website is www.ropertech.com.

I’m bending the rules a little to slip the last two in, but each has a potential macro trend has could give them a little extra tailwind.

With oil hitting multiyear highs, one would think that most oil companies will break their 52-week highs nearly every day, but Exxon Mobil Corp. (NYSE:XOM) closed April at its high of $119.92. It’s at $117.65, in this morning’s premarket, after closing yesterday at $116.44, down $1.05 (-0.89%), on trading volume of 13,472,800 shares. its current yield sits at 3.13%, has paid dividends for the past 40 years, and avoided reducing its dividend during the 2020 oil price drop.

Although hurricane Lee is tracking for Nova Scotia, it could head west sooner and this hurricane season is potentially shaping up to be more active than most, which could boost Lowe’s Cos. (NYSE:LOW) past its 52-week high, $237.205, set in July. Home improvement retail giant closed yesterday at $228.82, down $1.62 (-0.70%), on trading volume of 2,769,395 shares. Lowe’s has made dividend payments for the past 49 years, raising its dividend almost every year since going public in 1961, and its current dividend yield is 1.92%

Connect with 24/7 Market News:



About 24/7 Market News

As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information.  24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community.


24/7 Market News (24/7MN) is a third-party publisher and online news dissemination service provider that produces regular sponsored and non-sponsored reports, articles, stock market blogs, and newsletters covering equities listed on the NYSE, NASDAQ, and micro-cap exchanges. 24/7MN holds no investment licenses and is NOT a financial advisory firm, investment adviser, analyst, or broker-dealer and does not undertake any activities that would require such registration. 24/7 MN is not affiliated with any company written about in this release and owns no shares of stock. 24/7MN’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.

The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and based on publicly available information which is believed to be reliable.

Cautionary Statement Regarding Forward Looking Information

Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.


24/7 Market News

[email protected]

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.