3 Large Caps With Rapid Dividend Growth Snapped Up by Smart Money

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Includes: PH, SNP, WFC
by: Kapitall

If you’re interested in finding sources of dividend income, you may find this list very interesting.

We ran a screen on large-cap companies for those seeing rapid dividend growth, comparing the current year dividend per share estimate to the trailing-twelve-month dividend per share. We screened these companies for those that have also seen significant net institutional buying over the current quarter.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.



We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

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Do you think the smart money is calling it right on these names? Use this list as a starting point for your own analysis.

List sorted by dividend yield.

1. China Petroleum & Chemical Corp. (NYSE:SNP): Independent Oil and Gas Industry. Market cap of $73.74B. Dividend yield at 4.74%, payout ratio at 25.36%. Current year dividend per share estimate at $4.21 vs. TTM dividend per share at $3.26. Net institutional shares purchased over the current quarter at 3.9M, which is 1.86% of the company's 209.53M share float. Might be undervalued at current levels, with a PEG ratio at 0.88, and P/FCF ratio at 11.82. The stock is currently stuck in a downtrend, trading 10.44% below its SMA20, 10.78% below its SMA50, and 11.16% below its SMA200. It has been a rough couple of days for the stock, losing 13.65% over the last week.

2. Parker Hannifin Corporation (NYSE:PH):
Industrial Equipment and Components Industry. Market cap of $10.08B. Dividend yield at 2.39%, payout ratio at 19.29%. Current year dividend per share estimate at $1.45 vs. TTM dividend per share at $1.25. Net institutional shares purchased over the current quarter at 5.4M, which is 3.42% of the company's 157.90M share float. The stock is currently stuck in a downtrend, trading 19.8% below its SMA20, 23.72% below its SMA50, and 25.28% below its SMA200. It has been a rough couple of days for the stock, losing 19.74% over the last week.

3. Wells Fargo & Company (NYSE:WFC):
Money Center Banks Industry. Market cap of $121.28B. Dividend yield at 2.10%, payout ratio at 7.65%. Current year dividend per share estimate at $0.49 vs. TTM dividend per share at $0.34. Net institutional shares purchased over the current quarter at 361.4M, which is 7.33% of the company's 4.93B share float. Might be undervalued at current levels, with a PEG ratio at 0.69, and P/FCF ratio at 4.34. The stock is currently stuck in a downtrend, trading 12.55% below its SMA20, 12.03% below its SMA50, and 18.08% below its SMA200. It has been a rough couple of days for the stock, losing 17.55% over the last week.

*Dividend data sourced from Screener.co, institutional data sourced from Fidelity, all other data sourced from Finviz.

Disclosure:
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.