PM - 4 Fortune 500 Industry Leaders Boast Ideal April/May Dividends

2024-05-02 05:59:21 ET

Summary

• The Summer 2023 edition of Fortune Magazine revealed the 500 biggest U.S. companies by revenue. Dogcatcher’s quest to sniff out the best dividend buys focused on 68 industry leaders.
• Those 68 industry leaders were segmented into 21 business sectors, ranging (alphabetically) from apparel to wholesalers. 3 of the 68 were private or foreign-exchange listed firms, leaving 65 listed.
• 58 dividend-yielding stocks led those 68 industry leaders and ranged from 0.14% to 8.07% in annual yield and ranged -from 0.89% to 36.96% in broker-estimated one-year target-price upsides.
• The top ten F500-IL boasted net gains from 16.82% to 32.89% per April YCharts data.
• $5k invested in the lowest priced five of ten top yield F500-IL showed 17.14% more net gain than from $5k invested in all ten. Little (lower-priced) stocks sustained their lead of this F500-IL pack by over one and two-thirds lengths into April/May.

Foreword

This article is based on Fortune magazine's 2023 survey of 500 Largest U.S. Corporations (F500-IL) .

"Size matters: the 50 largest companies on this year's list accounted for 49% of total Fortune 500 revenue and 45% of earnings." This article covers those 50 and 18 more as industry leaders....

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