Not many companies have monopolies, though some get pretty close. That list includes the following stocks. Each one has a slightly different virtual monopoly, and they clearly have vastly different businesses. But if you are looking for income from seriously entrenched industry players, you’ll want to get to know this trio of high-yielders.
Top 5 Dividend Stocks For 2019: Raytheon Company(RTN)
Like Roper, Raytheon Company (NYSE:RTN) is another under-the-radar company. However, its stock sure has become something to talk about, with shares up about 50% over the past 12 months.
While the rest of the market has been floundering, RTN stock is already up more than 21%. That’s what happens when a company makes anti-missile defense systems and the U.S. military has an annual budget of roughly $700 billion.
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While the U.S. government utilizes other anti-missile defense systems — Lockheed Martin Corporation (NYSE:LMT) also makes one — the desire for countries to boost their defensive capabilities continues to increase. That’s no surprise given the tension on the Korean Peninsula and continuing conflicts in the Middle East.
Despite expectations calling for revenue growth of about 5% this year and next year, earnings are set to explode — no pun intended. Analysts are looking for 27% growth this year and more than 15% growth in 2019. With earnings growth outpacing revenue growth, look for margins to expand as well. If the government keeps spending like Trump has so far, expect more lucrative contracts in the future, too.
After flagging the stock as a potential breakout candidate earlier this month, the recent 52-week highs come as little surprise. Going forward, look for RTN to make even more highs so long as its uptrend support holds steady (as shown on the chart). Keep in mind, the average analyst price target sits at $240.
Top 5 Dividend Stocks For 2019: Invitae Corporation(NVTA)
Invitae is engaged in genetic diagnostics for hereditary disorders which include breast, colon and pancreatic cancer. This popular biotech growth pick is sporting a Zacks Rank #1 (Strong Buy) right now. Investors are excited about the company’s rapid revenue growth, with current estimates calling for sales to improve by 83.4% in 2018. Invitae is not yet profitable, but analysts are expecting EPS improvement of nearly 16% this year. This is also going to be hot option for M&A and partnership chatter. Just this week, Invitae expanded its relationship with Sarepta Therapeutics to help clinicians identify patients with Duchenne muscular dystrophy.
Top 5 Dividend Stocks For 2019: Facebook, Inc.(FB)
The social media behemoth plunged to significant technical support at its 200-day SMA during February’s selling. Price bounced from the support level and is now hovering directly below the 50-day, setting up an ideal break out buy situation.
Facebook is expected to grow earnings by an astounding 30% over the next five years, and the company boasts a PEG ratio less than one.
I love the fact that the company is starting to exploit its multiple untapped sources of profits such as Watch, Marketplace, Workplace, and the billion-user Messenger platform.
At the current valuation, I see only upside for Facebook.
Top 5 Dividend Stocks For 2019: Global Medical REIT Inc.(GMRE)
Global Medical is a real estimate investment company engaged in the acquisition of purpose-built healthcare facilities and the leasing of these facilities to clinical operators. GMRE presents a dividend yield of about 9.5%, and the stock currently holds a Zacks Rank #2 (Buy). This is also an aggressive growth pick for 2018. According to our latest Zacks Consensus Estimates, analysts are expecting GMRE to witness EPS growth of 39% and revenue growth of 75% in the current fiscal year. However, the stock has a PEG ratio of just 1.3, so investors are getting a discount on this growth potential.
Top 5 Dividend Stocks For 2019: ONEOK Inc.(OKE)
ONEOK, Inc. (NYSE:OKE) grew its quarterly dividend from 77 cents per share to 79.5 cents, representing a raise of 3%. The oil and gas storage and transportation company will pay out its higher dividend to shareholders of record as of April 30 on May 15. Therefore, GEL shares trade ex-dividend on April 27.
OKE Dividend Yield: 5.15%