3 Buys to Catapult Your Dividends to 8.6%

I’m sure I don’t have to tell you that all three of these moves (when done right, of course) line our pockets. It’s just a question of how you want your profits: in cash (dividends) or gains (M&A and buybacks, as both juice earnings, and share prices along with them). So today we’re going to zero in on 3 stocks that are doing the best job of using their cash piles to fatten our portfolios, starting with…

SunTrust Banks (NYSE:STI) just rolled out a 25% dividend hike on June 28, after passing the Federal Reserve’s latest “stress test” for banks. It also announced a $2.0-billion share-repurchase program—52% bigger than the previous one. Wyndham Worldwide was a bargain before it renamed itself Wyndham Destinations (NYSE:WYND) and spun off its hotel arm as Wyndham Hotels & Resorts (NYSE:WH) in May … and both stocks are even cheaper now. Prudential Financial (NYSE:PRU) is a buyback machine, having announced $1.5 billion in repurchases back in December, just as tax reform got the stamp of approval.

Source: InvestorPlace

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