3 Top Dividend Aristocrats to Buy Now
For income investors, there's no better place to look for stocks to invest in than the S&P 500 Dividend Aristocrats list. The group, after all, comprises niche stocks that have increased their dividends for at least 25 consecutive years. Surely, only wide-moat companies with sustainable competitive advantages and cash flows can manage to hit such a milestone, making them great investment options.
But even within this enviable group, some stocks stand out. Three Dividend Aristocrats look particularly compelling right now: 3M (NYSE: MMM), Dover Corp (NYSE: DOV), and Emerson Electric (NYSE: EMR). Here's why.
3M shares have been under pressue after the conglomerate released its second-quarter earnings in late July. 3M's net income jumped nearly 23% year over year on marginal improvement in revenue, but all that the market cared about was that the numbers fell short of analysts' estimates. Mr. Market even chose to overlook 3M's upgraded guidance for fiscal 2017, which if met would mean 8% growth in its earnings per share at the lower end.
Source: Fool.com
Emerson Electric Company Stock
Emerson Electric Company is currently one of the favorites of our community with 18 Buy predictions and no Sell predictions.
As a result the target price of 108 € shows a slightly positive potential of 7.96% compared to the current price of 100.04 € for Emerson Electric Company.
