SLM - Citi's top stocks for big dividend growth in 2022: Alpha Tactics

Citi expects dividend growth for the S&P 500 (SP500) (NYSEARCA:SPY) of 10% to 15% next year after three years of roughly flat dividend spending. Dividend aritsocrats should be in a position to be back in favor in 2022, strategist Scott Chronert writes in a note. "Here, our argument is that C-suites have managed to a dividend yield aligned with a low interest rate environment," Chronert says. A "rising Fed Funds target rate could put pressure on corporate C-suites to make sure that respective dividend policies remain attractive to investors relative to other income alternatives." Trailing earnings growth is supportive of higher dividends, he adds. Chronert and team screened Citi's Buy-rated stocks for high 2022 expected dividend per share growth: Dicks Sporting Goods (NYSE:DKS), price target $170, DPS 2022 $6.13, 2022 yield 5.56%, expected DPS growth 409% Ralph Lauren (NYSE:RL), $140, 2.57%, $3.05, 355% TJX (NYSE:TJX), $82, 1.48%, $1.04, 351% American

For further details see:

Citi's top stocks for big dividend growth in 2022: Alpha Tactics