Buy 5 Fortune 500 Industry Leaders In July-August And Watch 4 More

Jul. 28, 2023 6:11 AM ET, , , , , , , , , , , , , , , 3 Comments

Summary

  • The latest edition of Fortune Magazine revealed 500 of the biggest U.S. companies by revenue. To sniff out the best dividend buys, this month, we focus on 68 industry leaders.
  • Those 68 industry leaders were segmented into 21 business sectors ranging from apparel to transportation.
  • 58 dividend-yielding stocks highlighted those 68 industry leaders and ranged 0.16% to 9.31% in annual yield.
  • The top-ten 2023 F500-IL boasted net gains from 14.87% to 39.27%.
  • $5k invested in the lowest-priced five of ten top-yield F500-IL showed 45.63% more net-gain than from $5k invested in all ten.
  • Looking for a portfolio of ideas like this one? Members of The Dividend Dog Catcher get exclusive access to our subscriber-only portfolios. Learn More »

Win 500 points on a wheel of fortune

McKevin

Foreword

This article is based on Fortune magazine's 2023 survey of 500 Largest U.S. Corporations (F500-IL).

"Size matters: the 50 largest companies on this year's list accounted for 49% of total Fortune 500 revenue and 45% of earnings." This article covers those 50

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This article was written by

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Fredrik Arnold is a retired quality service analyst sharing investment ideas with a primary focus on dividend yields by utilizing free cash flow and one-year total returns as trading indicators.

He is the leader of the investing group The Dividend Dog Catcher, where he shares a minimum of one new dividend stock idea per week with focus on yield or extraordinary financial circumstances. All ideas are archived and available after weekly announcement. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of PFE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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