For immediate release
Chicago, IL – May 26, 2022 – Stocks in this week’s article are H&R Block Inc. HRB, Diamondback Energy FANG, Westlake Chemical Corp. WLK, The Kroger Co. KR and Extra Space Storage EXR.
5 Dividend Growth Stocks Should Outperform Amid Volatility
Dividend investing is in vogue amid volatility and uncertainty in the face of soaring inflation, rising interest rates and a deteriorating economic outlook. This is especially true since they are major sources of consistent income for investors in any type of market, although they do not offer dramatic price appreciation.
In particular, focusing on the level of growth in this strategy leads to higher returns. Stocks with a solid track record of year-over-year dividend growth form a healthy portfolio with a greater scope for capital appreciation, as opposed to simple dividend-paying stocks or those with high yields. We picked five dividend growth stocks — H&R Block Inc., Diamondback Energy, Westlake Chemical Corp., The Kroger Company. and Extra space storage – which could be compelling choices in current market trends.
Here are five of the 20 stocks that fit the bill:
Based in Missouri H&R block is a leading provider of tax preparation services. The Company offers assisted tax preparation, do-it-yourself (DIY) tax solutions and other products and services associated with tax preparation in the United States, Canada and Australia. H&R Block posted a strong earnings estimate revision of 32 cents in the last 30 days for the fiscal year (ending June 2022) and recorded an average earnings surprise of 21.04% in the four last quarters.
H&R Block has a Zacks Rank #1 and a Growth Score of B. You can see the full list of today’s Zacks #1 Rank stocks here.
Based in Texas Diamondback Energy is an independent oil and gas exploration and production company, primarily focused on the Permian Basin. FANG posted a strong earnings estimate revision of $1.06 in the past 30 days for this year and has an estimated earnings growth rate of 123.2%.
Diamondback Energy has a Zacks Rank #2 and Growth Score of A.
Based in Texas Westlake Chemistry is a global producer and supplier of innovative materials and products. It has seen a strong earnings estimate revision of $2.09 for this year over the past month and has an expected earnings growth rate of 26.4%.
Westlake Chemical has a Zacks rank of No. 1 and a growth score of B.
Based in Ohio The Kroger operates as a retailer in the United States. The Company operates a combination of food and drug stores, multi-department stores, market stores and price impact warehouses. The stock saw a positive earnings estimate revision of 8 cents for the fiscal year (ending January 2023) and has an expected earnings growth rate of 4.08%.
Kroger has a Zacks Rank #2 and Growth Score of A.
Based in Utah Extra space is a notable name in the self-storage industry. This real estate investment trust offers a range of conveniently located storage units to its customers, including boat storage, recreational vehicle storage and business storage. Extra Space has seen a positive earnings estimate revision of 15 cents in the last 30 days for this year and has an expected earnings growth rate of 16.79%.
Extra Space has a Zacks Rank #2 and a Growth Score of B.
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For the rest of this article on Screen of the Week, please visit Zacks.com at: https://www.zacks.com/stock/news/1928951/5-dividend-growth-stocks-set-to-outperform-amid-volatility
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Westlake Corp. (WLK): Free Stock Analysis Report
The Kroger Co. (KR): Free Stock Analysis Report
H&R Block, Inc. (HRB): Free Stock Analysis Report
Extra Space Storage Inc (EXR): Free Stock Analysis Report
Diamondback Energy, Inc. (FANG): Free Stock Analysis Report
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