ET - Buy 3 June Fortune 500 Industry Dividend Leaders (Watch 4 More)

2024-06-28 08:27:06 ET

Summary

• The June/July 2024 edition of Fortune Magazine revealed the 500 biggest U.S. companies by-revenue and profits. Dogcatcher’s quest for dividend buys focused-on 66 industry-eaders (IL) using YCharts 6/26/24 data.
• Those 66 industry-leaders were segmented into 21 business-sectors, ranging (alphabetically) from apparel to wholesalers. 3 of 66 were private or foreign exchange-listed firms not tracked-by YChats, leaving 63-listed.
• 57 dividend yielding stocks led those 63 industry leaders and ranged 0.03% to 8.46% in annual yield and ranged -13.69% to 47.15% in broker estimated one-year target-price upsides.
• Top ten F500-IL for 2024 boasted net gains from 19.3% to 41.46% per June YCharts data.
• $5k invested in the lowest-priced five of ten top yield F500-IL showed 27.11% more net-gain than from $5k invested in all ten. Little (lower-priced) stocks sustained their lead of this F500-IL pack by over two and two-third lengths into June.

Foreword

This article is based on Fortune magazine's 2024 survey of 500 Largest U.S. Corporations (F500-IL).

The Fortune 500, in its 70th year, ranks the biggest U.S. companies by revenue. In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $18.8 trillion in revenues, $1.7 trillion in profits, and $43 trillion in market value (as of March 28, 2024), and they employ 31 million people worldwide.

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