Dividend stocks are poised to outperform, says Bank of America. Here are names on its list

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 72%

Energy Nachrichten

Utilities,Dividends,Citigroup Inc

History shows in this economic environment, dividend stocks have led the way higher a majority of the time, Bank of America's Savita Subramanian said.

The U.S. economy is flashing a sign that's favorable for dividend stocks, according to Bank of America. In March, the firm's U.S. Regime Indicator — an economic metric — showed the largest increase since July 2021, after it moved into a recovery phase in February, equity and quant strategist Savita Subramanian wrote in a note Wednesday. In this environment, investors want to own dividend stocks with above-market yields, she said.

While they have lagged the overall market this year, there have been some gains in recent months. The Utilities Select Sector SPDR Fund has gained 5% so far this year, and it's up 4.9% in the past month. In late February, Sempra CEO Jeffrey Martin told CNBC's Jim Cramer that the company increased its capital plan to $48 billion to fund initiatives such as grid modernization and moving renewables onto grid at a faster pace.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Bank of America names its top picks for the second quarter, including this Big Tech companyHere are some of Bank of America's top picks for the new quarter.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »