Australia markets closed

    +47.60 (+0.60%)
  • ASX 200

    +46.90 (+0.61%)

    +0.0025 (+0.39%)
  • OIL

    +1.55 (+1.98%)
  • GOLD

    +36.90 (+1.80%)
  • Bitcoin AUD

    -742.26 (-0.78%)
  • CMC Crypto 200

    0.00 (0.00%)

    +0.0007 (+0.11%)

    -0.0006 (-0.06%)
  • NZX 50

    +2.92 (+0.02%)

    +259.06 (+1.44%)
  • FTSE

    +52.48 (+0.69%)
  • Dow Jones

    +90.99 (+0.23%)
  • DAX

    +56.88 (+0.32%)
  • Hang Seng

    +78.00 (+0.47%)
  • NIKKEI 225

    +744.63 (+1.90%) featured highlights include Archer-Daniels-Midland, McKesson, ParkerHannifin, Booz Allen Hamilton and Darden Restaurants

For Immediate Release

Chicago, IL – November 25, 2022 – Stocks in this week’s article are Archer-Daniels-Midland Co. ADM, McKesson Corp. MCK, ParkerHannifin Corp. PH, Booz Allen Hamilton Holding Corp. BAH and Darden Restaurants Inc. DRI.

5 Solid Dividend Growth Stocks to End Thanksgiving Week

Thanksgiving is coming up, and it's time to stuff dividend stocks with strong growth prospects in your portfolio for market-beating returns. This is especially true as the holiday-shortened week is usually a bullish feast for stock investors, even with low volumes, as consumer spending is expected to rise.

Stocks with a history of dividend growth year over year form a healthy portfolio with a greater scope of capital appreciation as opposed to simple dividend-paying stocks or those with high yields. We have selected five dividend growth stocks — Archer-Daniels-Midland Co., McKesson Corp., ParkerHannifin Corp., Booz Allen Hamilton Holding Corp. and Darden Restaurants Inc. — that could be compelling picks for your portfolio this Thanksgiving.

Inside Dividend Growth Strategy

Stocks that have a strong history of dividend growth belong to mature companies less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts.

Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that a dividend increase is likely in the future.

Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock.

As a result, picking dividend growth stocks appears as a winning strategy when some other parameters are also included.

Here are five of the 18 stocks that fit the bill:

Illinois-based Archer-Daniels is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. ADM has seen a solid earnings estimate revision of 51 cents for this year and an expected earnings growth rate of 42.58%.

Archer-Daniels has a Zacks Rank #1 and Growth Score of A. You can see the complete list of today's Zacks #1 Rank stocks here.

California-based McKesson is a health care services and information technology company. The stock has seen a solid earnings estimate revision of 35 cents over the past 30 days for the fiscal year (ending March 2023) and has an expected earnings growth rate of 4.5%.

McKesson has a Zacks Rank #2 and Growth Score of A.

Ohio-based ParkerHannifin is a global diversified manufacturer of motion & control technologies and systems. It provides precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The stock saw a solid earnings estimate revision of 56 cents over the past 30 days for the fiscal year (ending June 2023) and has an estimated earnings growth rate of 2.19%.

ParkerHannifin has a Zacks Rank #2 and Growth Score of B.

Virginia-based Booz Allen is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. The company saw positive earnings estimate revision of 9 cents over the past 30 days for the fiscal year (March 2020) with an estimated earnings growth rate of 5.7%.

Booz Allen has a Zacks Rank #2 and Growth Score of A.

Florida-based Darden Restaurants is one of the largest casual dining restaurant operators worldwide. The company has an expected earnings growth rate of 3.78% for the fiscal year (ending May 2023).

Darden Restaurants has a Zacks Rank #2 and Growth Score of B.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

For the rest of this Screen of the Week article please visit at:

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

Follow us on Twitter:

Join us on Facebook:

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Contact: Jim Giaquinto


Phone: 312-265-9268


Visit: provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ParkerHannifin Corporation (PH) : Free Stock Analysis Report

Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report

Archer Daniels Midland Company (ADM) : Free Stock Analysis Report

McKesson Corporation (MCK) : Free Stock Analysis Report

Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research