Sep 05, 2022 (StockMarket.com via COMTEX) -- 4 Top Dividend Stocks To Watch In The Stock Market Today
Dividend stocks are a type of stock that pays regular cash dividends to shareholders. Dividend stocks are popular with stock market investors because they provide a consistent source of income. Many dividend stocks also have the potential to generate high returns over the long term. For example, dividend stocks tend to outperform other types of stocks during periods of high inflation. Given the current economic conditions, dividend stocks could be an attractive investment throughout the remainder of 2022 and beyond.
Dividend stocks are an attractive investment for a number of reasons. First, they offer the potential for income. Dividends are payments that companies make to shareholders, and dividend stocks typically have a higher dividend yield than other stocks. This can provide investors with a steady stream of income, which can be particularly advantageous in retirement. Second, dividend stocks tend to be less volatile than other stocks.
This means that they are less likely to experience sharp declines in value, making them a more stable investment. Finally, dividend stocks tend to outperform other stocks over the long term. This is due to the fact that dividends reinvested in the stock help to compound returns, resulting in higher total returns for shareholders. For these reasons, dividend stocks are an appealing investment option for many investors. With this in mind, here are four dividend stocks to watch in the stock market today .
Dividend Stocks To Invest In [Or Avoid] Right Now
Walgreens Boots Alliance Inc. ( NASDAQ: WBA )
Amgen Inc. ( NASDAQ: AMGN )
Cisco Systems, Inc. ( NASDAQ: CSCO )
JPMorgan Chase & Co. ( NYSE: JPM )
Walgreens Boots Alliance (WBA Stock)
First, Walgreens Boots Alliance (WBA) is a global leader in retail and wholesale pharmacy. In fact, Walgreens Boots Alliance is the first global pharmacy-led, health and wellbeing enterprise. For a sense of scale, the company has approximately 13,000 locations throughout the United States, Europe, and Latin America. Additionally, Walgreens Boots Alliance has more than 315,000 employees throughout nine countries worldwide. Currently, WBA stock has an annual dividend yield of 5.44%.
In late June, Walgreens Boots Alliance (WBA) reported its third quarter 2022 financial results. Diving in, the company reported earnings of $0.96 per share. Meanwhile, revenue for the quarter was $32.6 billion. This is in comparison with Wall Street's consensus estimates of $0.95 earnings per share, on revenue of $32.0 billion. Moving along, Walgreens recently announced it has completed the majority share purchase of CareCentrix. For starters, CareCentrix, Inc. is an independent home-centered platform that coordinates care to the home for health plans, providers & patients.
Specifically, Walgreens invested approximately $330 million for 55% of CareCentrix. As of today, CareCentrix manages care for 19 million members through an estimated 7,400 provider locations. Going into this week's trading action, shares of WBA are set to open on Tuesday morning at $35.27 per share. With this in mind, will you be adding WBA stock to your dividend stock watchlist?
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Amgen (AMGN Stock)
Next, Amgen Inc. (AMGN) is a global biotechnology company that discovers, develops, manufactures, and delivers innovative human therapeutics. For the uninitiated, Amgen products treat serious illnesses and address important medical needs in areas such as oncology, nephrology, bone health, and cardiovascular disease. Also, Amgen focuses on areas of high unmet medical needs and leverages its expertise to strive for solutions to improve health outcomes and people's lives. For a sense of scale, the company's treatments have also reached millions of patients worldwide. As of today, AMGN stock has an annual dividend yield of 3.20%.
Just last month, the biotech company reported better-than-expected second-quarter 2022 financial results. In detail, Amgen (AMGN) reported second-quarter earnings per share of $4.65 per share. This goes along with revenue for the quarter of $6.6 billion. Compared with, the consensus earnings estimate of $4.40 per share, and revenue of $6.5 billion. In addition, Amgen announced it continues to estimate 2022 earnings of $17 to $18 per share. Meanwhile, the company now estimates revenue in the range of $25.50 billion to $26.40 billion.
Moreover, Chairman & CEO of Amgen Robert Bradway commented in his letter to shareholders, "We are focused on delivering our long-term objectives by serving an ever-increasing number of patients around the world with our medicines. We are advancing our pipeline and look forward to important readouts over the next few months." Shares of AMGN stock have outperformed the broader market so far this year up over 6%. AMGN stock is set to open this week's trading at $242.37 per share. Considering all of this, do you think AMGN is a good dividend stock to buy now?