If you like to follow the buying trends of “smart money” investors like mutual fund and hedge fund managers, you may be interested in this list.
We ran a screen on stocks seeing rapid dividend growth, comparing the current year dividend estimate to the trailing-twelve-month dividend. We screened these stocks for those seeing significant net institutional purchases 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 these stocks will continue to raise their dividends? Use this list as a starting point for your own analysis.
List sorted by dividend yield.
1. KT Corp. (KT): Provides integrated telecommunications services in Korea. Market cap of $7.84B. Dividend yield at 5.78%, payout ratio at 31.01%. Current year dividend per share estimate at $1.08 vs. TTM dividend per share at $0.85. Net institutional shares purchased over the current quarter at 15.8M, which is 7.02% of the company's 225.09M share float. The stock is currently stuck in a downtrend, trading 6.27% below its SMA20, 11.44% below its SMA50, and 20.61% below its SMA200. The stock has performed poorly over the last month, losing 11.54%.
2. Cohen & Steers Inc. (CNS): Provides investment management services to individual and institutional investors through a range of investment vehicles. Market cap of $1.19B. Dividend yield at 2.20%, payout ratio at 47.39%. Current year dividend per share estimate at $1.27 vs. TTM dividend per share at $0.50. Net institutional shares purchased over the current quarter at 549.7K, which is 3.11% of the company's 17.67M share float. The stock is a short squeeze candidate, with a short float at 14.21% (equivalent to 9.49 days of average volume). The stock is currently stuck in a downtrend, trading 16.69% below its SMA20, 20.38% below its SMA50, and 8.4% below its SMA200. It has been a rough couple of days for the stock, losing 10.79% over the last week.
3. City National Corp. (CYN): Operates as the bank holding company for City National Bank that provides a range of banking, investing and trust services to small to mid-sized businesses, entrepreneurs, professionals and affluent individuals. Market cap of $1.98B. Dividend yield at 2.02%, payout ratio at 20.01%. Current year dividend per share estimate at $0.80 vs. TTM dividend per share at $0.60. Net institutional shares purchased over the current quarter at 1.5M, which is 3.20% of the company's 46.92M share float. The stock is currently stuck in a downtrend, trading 7.16% below its SMA20, 14.33% below its SMA50, and 30.25% below its SMA200. The stock has lost 28.56% over the last year.
*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.
