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7 Stocks That Prove Dividends Matter in 2020 - 1 of 7

 
#1 - Sherwin-Williams (NYSE:SHW)

Sherwin-Williams logo

Sherwin-Williams (SHW)

Years of Consecutive Dividend Growth: 41 Years (Dividend Aristocrat)

Sherwin-Williams (NYSE:SHW) has been giving shareholders solid growth to go along with its super reliable dividend for the last five years. However, the company’s stock has really taken off since its $11 billion purchase of Valspar in 2017.

However, every company is likely to feel some pain from the current mitigation efforts spawned by the coronavirus. Sherwin-Williams reported disappointing fourth-quarter earnings and will likely continue to show weaker numbers in subsequent quarters.

Still, the company has a couple of catalysts that make the company an attractive option as the country works through the coronavirus pandemic. First, interest rates that are at lows not seen since the financial crisis are a motivating factor for current homeowners to make home improvements. And one of the easiest and most cost-effective home improvements that can be made is adding a fresh coat of paint.

Plus, prior to the social distancing guidelines have forced Americans indoors, the housing market was beginning to show the strength that investors were counting on since the Fed first lowered interest rates in 2019.

And to go along with that growth, Sherwin-Williams has a highly reliable dividend that they have increased every year since 1979. And, the company pays out just over 19% of its earnings as dividends.

About Sherwin-Williams
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners. The Consumer Brands Group segment provides branded and private-label architectural paints, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks, and adhesives to retailers and distributors. The Performance Coatings Group segment develops and sells industrial coatings for wood finishing and general industrial applications, automotive refinish products, protective and marine coatings, coil coatings, packaging coatings, and performance-based resins and colorants. It serves retailers, dealers, jobbers, licensees, and other third-party distributors through its branches and direct sales staff, as well as through outside sales representatives. The company has operations primarily in North and South America, the Caribbean, Europe, Asia, and Australia. As of February 19, 2019, it operated approximately 4,900 company-operated stores and facilities. The company was founded in 1866 and is headquartered in Cleveland, Ohio.

Current Price: $577.30
Consensus Rating: Buy
Ratings Breakdown: 12 Buy Ratings, 11 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $574.00 (-0.6% Upside)




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