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Steadily compound your wealth with these battle-tested dividend stalwarts. Fortified by recession-resistant cash flows and resilient business models, these elite income plays could safeguard your portfolio against storms. Seize the opportunity to future-proof your passive income stream now:
Agree Realty Corporation (ADC)
Price Target: $67.50
Recent Price: $67.85
Agree Realty Corporation is a self-administered, self-managed real estate investment trust focused on acquiring and developing net lease retail properties. The company's portfolio is primarily leased to major national and regional retail tenants, providing a steady stream of rental income. While the retail sector has faced challenges, Agree Realty's focus on high-quality tenants and long-term leases could offer stability. However, the company's growth prospects may be limited by its niche focus on net lease retail properties.
Market Cap: $6.83B
Last Dividend Amount: $0.25
Expected Ex-Dividend Date: Jul 31 2024
Expected Payment Date: Aug 14 2024
Expected Dividend & Yield: 4.42%
Sponsor
Targa Resources Corp. (TRGP)
Price Target: $145.00
Recent Price: $131.62
Targa Resources Corp. is a leading provider of midstream services in North America, with a significant presence in the prolific Permian Basin and a strategic position at the Mont Belvieu NGL hub. The company's integrated asset network and exposure to growing natural gas and NGL production could drive growth. However, its reliance on commodity prices and potential regulatory risks in the energy sector may pose challenges. Targa's strong dividend yield and analyst optimism suggest potential upside, but investors should consider the cyclical nature of the energy industry.
Market Cap: $29.18B
Last Dividend Amount: $0.75
Expected Ex-Dividend Date: Jul 31 2024
Expected Payment Date: Aug 15 2024
Expected Dividend & Yield: 2.28%
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NiSource Inc. (NI)
Price Target: $32.00
Recent Price: $31.01
NiSource Inc. is a regulated utility holding company with a focus on natural gas distribution. The company's rate-regulated business model and essential service offerings provide stability and predictable cash flows. However, the company's growth prospects may be limited by its focus on mature markets and potential regulatory challenges. NiSource's attractive dividend yield and modest analyst upside suggest a defensive play, but investors should consider the company's limited growth potential.
Market Cap: $13.90B
Last Dividend Amount: $0.27
Expected Ex-Dividend Date: Jul 31 2024
Expected Payment Date: Aug 20 2024
Expected Dividend & Yield: 3.42%
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West Pharmaceutical Services, Inc. (WST)
Price Target: $412.20
Recent Price: $323.77
West Pharmaceutical Services is a leading global manufacturer of advanced containment and delivery systems for injectable drugs and healthcare products. The company's focus on quality and innovation positions it well to benefit from growing demand for injectable pharmaceuticals and biosimilars. However, the company's high valuation and potential pricing pressures from customers may pose challenges. West Pharmaceutical's strong analyst upside and growth prospects in the healthcare sector could make it an attractive long-term play, but investors should consider the stock's premium valuation.
Market Cap: $23.58B
Last Dividend Amount: $0.20
Expected Ex-Dividend Date: Jul 31 2024
Expected Payment Date: Aug 07 2024
Expected Dividend & Yield: 0.25%
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