News Formal

These stocks' yields are beating inflation, even at today's nosebleed heights

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

Inflation is at 40\u002Dyear highs. These stocks can help ease the pain.

Let’s start with a bank stock. Why? While many sectors fear rising interest rates, banks look forward to them.

In July, it boosted its quarterly dividend 17 per cent to 21 cents U.S. per share. That gives the company an annual yield of 1.8 per cent at the current share price.Article content The recession-proof nature of the business means Southern can pay reliable dividends. In April, the company boosted its quarterly payout by 2 cents per share to 66 cents per share, marking the 20th consecutive year that Southern has increased its dividend.In 2021, Southern earned an adjusted profit of US$3.41 per share, up 5 per cent from 2020. Management expects adjusted earnings per share for 2022 to be in the range of US$3.50 to US$3.60.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Outlook for interest rates, inflation are key trends as banks set to report earnings
Source: CTVNews - 🏆 1. / 99 Read more »