Top Dividend Aristocrats To Buy Now After The Trump Sweep
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A potential reduction in the corporate tax rate to 15% could significantly boost S&P 500 earnings by 4%, similar to the 2017 rally. Investors are advised to focus on undervalued, high-quality dividend aristocrats in consumer discretionary, materials, and industrials sectors, which are expected to benefit the most from the tax cuts. These stocks offer a 3.2% yield, 10% annual dividend growth, and a 33% upside potential in the next year, increasing to 38% with the tax cuts.
November 09, 2024 | 12:15 pm
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Genuine Parts Company (GPC), a dividend aristocrat, is likely to benefit from a potential corporate tax rate cut to 15%, which could boost its earnings and stock price.
GPC, as a dividend aristocrat in the consumer discretionary sector, stands to benefit from the proposed tax cuts. The reduction in corporate tax rate would increase its net earnings, making it more attractive to investors seeking dividend growth and capital appreciation.
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