ENB, PM, BBY, TRTN & HD: 5 top US dividend stocks to explore in August

August 16, 2022 05:30 AM PDT | By Mridul Gogoi
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  • Enbridge Inc. (NYSE: ENB) has an annualized dividend of US$ 2.675.
  • Philip Morris International Inc (NYSE: PM) has a market cap of US$ 153.37 billion.
  • Triton International Limited's (NYSE: TRTN) total leasing revenue for Q2 2022 was US$ 421.6 million. 

Companies paying a strong dividend often draw investors’ attention. During a market downturn, dividends could act as a source of passive income for investors. Companies paying regular dividends with a long history down the line often gain traction even during bearish trends.

As Wall Street has been undergoing a volatile phase since the start of this year, let us explore stocks of companies like Enbridge Inc. (NYSE: ENB), Philip Morris International Inc (NYSE: PM), and Best Buy Co., Inc. (NYSE: BBY).

Let's look at the list curated by Kalkine Media®:   

Enbridge Inc. (NYSE: ENB)

Enbridge is a multinational pipeline company operating in Canada, and it deals in transporting crude oil, natural gas, and gas liquids.

The US$ 87.84 billion market cap company had an annualized dividend of US$ 2.675.

In Q2 2022, Enbridge announced securing new projects worth US$ 3.6 billion.

The ENB stock soared almost 13 per cent year-to-date, while it grew close to seven per cent in the past six months.

Philip Morris International Inc (NYSE: PM)

The multinational tobacco company known for its best-selling product, Marlboro, Philip Morris International, pays a dividend of US$ 1.25 quarterly.

The US$ 153.37 billion market cap company Philip Morris' total revenue for Q2 2022 was US$ 7,832 million, while its net income touched US$ 2,233 million.

PM stock jumped over 3.9 per cent in 2022. On a yearly basis, it fell below two per cent.

Best Buy Co., Inc. (NYSE: BBY)

Best Buy is a global US consumer electronics retailer and paid a quarterly dividend of US$ 0.88.

The earnings-per-share (EPS) of Best Buy is US$ 9.01. Shares of Best Buy fell below 21 per cent this year. While on a yearly basis it plunged more than 30 per cent.

For the quarter ended April 30, 2022, Best Buy earned a revenue of US$ 10,647 million, a 9.3 per cent decrease from the year-ago quarter's revenue of US$ 11,637 million.

Its net earnings in the first quarter of 2023 were US$ 341 million, while it was US$ 595 million in Q1 2022. Best Buy will likely report its second quarter 2022 earnings results on August 30, 2022.

According to Refinitiv, BBY stock's Relative Strength Index as of August 16 was 67.58. It indicates towards a stable market condition of the stock.

ENB, PM, BBY, TRTN & HD: 5 top US dividend stocks to explore in AugustSource: ©Kalkine Media®; © Canva via Canva.com

Triton International Limited (NYSE: TRTN)

Triton is a leasing company dealing with intermodal containers and maritime container management services.

The company achieved record profitability in Q2 2022, said its CEO Brian M. Sondey. The total leasing revenues for Q2 2022 were US$ 421.6 million, while it was US$ 417.1 in the previous quarter. In the year-ago Q2, Triton registered leasing revenues of US$ 369.8 million.

In the past month, TRTN stock jumped close to 22 per cent. On a year-over-year, it galloped over 25 per cent.

The RSI value of TRTN stocks as of August 16, 2022, as per Refinitiv, was 66.72.

 Home Depot, Inc. (NYSE: HD)

The Home Depot is a US multinational home improvement retail corporation based out of Atlanta, Georgia.

Home Depot had an employee strength of 490,600 in 2021. The company paid a quarterly dividend of US$ 1.90, and the earnings-per-share (EPS) is US$ 15.75.

In its Q1 2022 results, Home Depot posted net earnings of US$ 4,231 million, a 2.1 per cent increase from US$ 4,145 million in Q1 2021. Home Depot had net sales of US$ 38,908 million in Q1 2022, while it was US$ 37,500 million in Q1 2021.

The HD stock plummeted by over 22 per cent in 2022. On a yearly basis, it fell below by over six per cent.

Bottom line:

Dividend stocks usually gain traction amid rising inflation and recession fears. However, in a year that saw growth stocks sink and major indexes delivered their worst performances in many years, investors should exercise optimum caution while choosing their stocks. Whether it is dividends or any other factor, it is advisable to pick stocks after doing their analysis well.


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