Upcoming Dividend Growth Opportunities: Spotlight on 5 Companies

Published July 7, 2024

As investors navigate the labyrinth of the market in search of fruitful dividends, a noteworthy development looms on the horizon. It's dividend hike season once again, and with it comes a cadre of growth companies poised to increase their payouts. The typical income investor, with a penchant for high-yield stocks, might overlook these prospects due to their current modest yields. However, a deeper insight reveals a golden opportunity to front run potential payout increases before the masses take notice. Among these are two companies of particular interest: Boise Cascade Company BCC and Westlake Chemical Corporation WLK.

The Case for Boise Cascade Company BCC

BCC, with its headquarters nestled in Boise, Idaho, operates at the forefront of manufacturing wood products and distributing building materials throughout the United States and Canada. The company's strategic positioning within the market suggests a firm foundation for growth and an anticipated increase in dividends. By investing in BCC, one could potentially benefit from both capital appreciation and an uptick in dividend yield.

The Potential of Westlake Chemical Corporation WLK

Another prime candidate for dividend growth is WLK. Engaged in the production and marketing of integrated chemicals, this company has shown resilience in its operations. Investors interested in the chemical sector would find [WL's impending dividend rise an excellent opportunity to amplify their income streams while tapping into the growth potential of the industry.

Investor Insight

Discerning investors who identify these potential increments in dividends will likely be ahead of the curve. The capacity to foresee and act upon these upcoming dividend hikes is a testament to the strategic foresight one must have in a dynamic market. With dividends being a reflection of a company's confidence in its own profitability and growth, these anticipated increases serve as signals that BCC and WLK, among others, are companies on a promising trajectory.

dividends, growth, investment