Check Out 3 Materials Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Three materials stocks with over 3% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Dow Inc (DOW) with a dividend yield of 5.03%, International Flavors & Fragrances Inc. (IFF) with a yield of 3.80%, and The Scotts Miracle-Gro Company (SMG) with a yield of 3.74%. Recent news for these companies include a Q2 FY23 sales decline for DOW, projected FY23 sales for IFF, and a Q2 sales decrease for SMG.
July 31, 2023 | 12:42 pm
News sentiment analysis
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NEGATIVE IMPACT
The Scotts Miracle-Gro Company reported a 9% decrease in company-wide sales to $1.53 billion for its fiscal second quarter ended April 1, 2023.
The reported decrease in Q2 sales for SMG could negatively impact the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Dow Inc reported a Q2 FY23 sales decline of 27.1% year-over-year to $11.42 billion, beating the consensus of $11.27 billion.
Despite the sales decline, DOW beat the consensus estimate, which may have a neutral impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
International Flavors & Fragrances Inc. expects FY23 sales of $12.3 billion.
IFF's projected sales for FY23 could potentially boost investor confidence and have a positive impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100