ExxonMobil Increases Dividend for 43 Years, Expects $25 Billion Additional Earnings by 2030
Written by Emily J. Thompson, Senior Investment Analyst
Source: Fool
- Dividend Growth History: ExxonMobil has increased its dividend for 43 consecutive years, currently yielding 3.5%, which translates to approximately $35 in annual dividend income from a $1,000 investment, thereby enhancing investor confidence and stabilizing the company's stock price.
- Future Earnings Expectations: ExxonMobil anticipates delivering an additional $25 billion in earnings and $35 billion in incremental cash flow by 2030, primarily driven by its cost-saving initiatives and investments in high-margin assets, further solidifying its leadership position in the oil industry.
- Stable Income from Agree Realty: Agree Realty focuses on investing in income-producing retail properties, currently offering a 4.3% dividend yield, with a 5.3% annualized growth rate over the past decade, showcasing its strong financial flexibility and potential for continued growth.
- Kimberly-Clark's Dividend King Status: Kimberly-Clark has paid dividends for 91 consecutive years and increased them for 53 years, with a current yield of 5%, and it enhances its portfolio through acquisitions of leading consumer brands, which is expected to further support dividend growth in the future.
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Analyst Views on ADC
Wall Street analysts forecast ADC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ADC is 81.32 USD with a low forecast of 75.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 71.080
Low
75.00
Averages
81.32
High
90.00
Current: 71.080
Low
75.00
Averages
81.32
High
90.00
About ADC
Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties net-leased to tenants. The Company's assets are held by, and all of its operations are conducted through, directly or indirectly, the operating partnership, of which the Company is the sole general partner. Its portfolio consists of over 2,370 properties located in 50 states and totaling approximately 48.8 million square feet of gross leasable area (GLA). Its portfolio of properties is located in Texas, Ohio, Florida, Michigan, Illinois, North Carolina, New Jersey, Pennsylvania, California, New York, Georgia, Virginia, Connecticut, Wisconsin and others. Its tenants include Walmart, Dollar General, Tractor Supply, Best Buy, Dollar Tree, TJX Companies, O'Reilly Auto Parts, CVS, Kroger, Lowe's, Hobby Lobby, Burlington, Sherwin-Williams, Sunbelt Rentals, Wawa, Home Depot, TBC Corporation, Gerber Collision, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Salesforce and Others Executives' Transactions: Total Value Exceeds $15 Million
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- Costco Executive Purchase: Costco Executive Vice President James Klauer purchased 1,500 shares at $939 each for a total investment of about $1.41 million, raising his holdings to 44,935 shares, reflecting optimism about the company's ongoing growth.
- GameStop Executive Sell-off: GameStop General Counsel Mark Haymond Robinson sold 12,200 shares at $21.00 each for a total value of $256,248, reducing his holdings to 105,155 shares, which may indicate uncertainty about the company's future prospects.
- Credo Technology Executive Sale: Credo Technology Director Sylvia Acevedo sold 2,200 shares within a price range of $156.25 to $162.11, totaling $350,196, leaving her with 18,545 shares, demonstrating a strategy to respond to market volatility.
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Real Estate Stocks See Positive EPS Revisions, AAT and Others Rated A+
- Analyst Confidence Boost: American Assets Trust (AAT) received an A+ EPS revision grade with a Quant rating of 3.22, indicating strong analyst confidence in its future performance, which could drive stock price increases.
- Market Expectations Rise: Agree Realty Corporation (ADC) also earned an A+ rating with a Quant score of 4.66, suggesting analysts anticipate its earnings will exceed expectations, potentially attracting more investor interest.
- Earnings Potential Revealed: Both First Industrial Realty Trust (FR) and Getty Realty Corp (GTY) received A+ ratings, with Quant scores of 3.44 and 4.75 respectively, indicating robust performance in profitability that may elicit positive market reactions.
- Industry Leaders: Postal Realty Trust (PSTL) and Strawberry Fields REIT (STRW) also achieved A+ ratings, with Quant scores of 4.88 and 3.47, reflecting their competitive advantages in the real estate sector, likely promoting further stock price increases.
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