Live Markets: Which large US company would be the next to declare dividend?

TAG Immobilien AG

12/02/2024 10:33

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    WHICH LARGE US COMPANY WOULD BE NEXT TO DECLARE DIVIDEND?   
    Goldman Sachs lifted its S&P 500  .SPX  dividend per share
growth forecast to 6% from 4% for 2024 after Facebook-parent
Meta Platform  META.O  recently declared its first dividend.    
    Meta's stock surged 20.3%, adding $196 billion in stock
market value on Feb. 2 after the payout announcement and robust
results, marking the biggest one-day gain by any company in Wall
Street history.    
    For most companies, buybacks are expected to be the primary
cash return strategy, given their flexibility, impact on per
share metrics, and counterbalancing of stock-based compensation
issuance, Goldman strategists, led by David Kostin, said in
their latest weekly Kickstart note.
    However, for companies with stable cash flows, and
especially those with large existing buyback programs, a
dividend could signal confidence about future earnings and
attract a new group of income-oriented investors, Kostin added.
    Companies are more likely to initiate a dividend if they are
large, their profit margins are high, they buyback shares, their
earnings are stable, and valuations are low, Goldman said.
    "Alphabet ranks as the top candidate to initiate a
dividend," Goldman said in the note.
    Below is Goldman's list of top 10 largest stocks that have
many of the fundamental characteristics typically associated
with dividend payers but currently do not pay one:     
    
             Company                  Sector
 Name                     
                          
 1. Alphabet  GOOGL.O     Communication Services
 2. Amazon.com  AMZN.O    Consumer Discretionary
 3. Berkshire Hathaway    Financials
  BRKa.N                  
 4. Tesla  TSLA.O         Consumer Discretionary
 5. Salesforce  CRM.N     Information Technology
 6. Adobe  ADBE.O         Information Technology
 7. Advanced Micro        Information Technology
 Devices  AMD.O           
 8. Netflix  NFLX.O       Communication Services
 9. ServiceNow  NOW.N     Information Technology
 10. Uber  UBER.N         Industrials
 
    (Medha Singh)   
    *****
 
       
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