2 Top Dividend Stocks I Can't Wait to Buy in October
United Parcel Service (NYSE: UPS) and Texas Pacific Land (NYSE: TPL) have moved in dramatically different directions over the last three months, with the former down 10% and the latter rising a blistering 41%. While UPS would be hard-pressed to have more things working against it, Texas Pacific continues to generate near-record free cash flow (FCF), with rising oil prices set to potentially increase these figures.
Despite this divergence in recent share price performance and short-term business outlook, I cannot wait to add to these dividend growth stocks in October. Whether it is UPS' 4.1% dividend or Texas Pacific's nearly annual special dividends, these two businesses could set me up for a lifetime of rising passive income potential.
Avoiding a massive potential strike in July, United Parcel Service and the International Brotherhood of Teamsters reached a five-year deal that covered over 330,000 of its employees. While it's not unreasonable to think UPS' contract settlement could be a temporary headwind for the stock, I'll never fault a company for paying its employees better -- particularly when it's not egregious stock-based compensation for executives.
Source Fool.com
United Parcel Service Inc. Stock
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 162 € shows a slightly positive potential of 16.97% compared to the current price of 138.5 € for United Parcel Service Inc..
