{"id":34405,"date":"2023-07-11T22:17:28","date_gmt":"2023-07-12T02:17:28","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/opinion-these-5-fast-growing-stocks-pay-generous-dividends-you-can-count-on\/"},"modified":"2023-07-11T22:17:29","modified_gmt":"2023-07-12T02:17:29","slug":"opinion-these-5-fast-growing-stocks-pay-generous-dividends-you-can-count-on","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34405","title":{"rendered":"Opinion: These 5 fast-growing stocks pay generous dividends you can count on"},"content":{"rendered":"
\n

Across the first half of 2023, \u201crisk-on\u201d trades were in favor on Wall Street. Still, many investors remain skeptical of the rally. They continue to worry about rising rates, inflation, geopolitical risks, and weak growth in the recent June jobs report \u2013 among other things.<\/p>\n

If you\u2019re interested in tapping into the growth of 2023 but are concerned about chasing overheated momentum plays, here are five stocks to set your mind at ease. All of them post double-digit sales growth and a generous, sustainable dividend that could provide a bit of stability if things go south on Wall Street.<\/p>\n

\n

1. Gen Digital<\/strong>: Gen Digital Inc.
\n GEN,
\n +2.07%<\/bg-quote>
\n provides cybersecurity solutions that protect individual devices against malware, viruses, adware and other online threats. The company was previously known as NortonLifeLock, two brands that consumers likely recognize for their security-related services. <\/p>\n

Gen Digital ended fiscal 2023 on March 31. Full-year results it reported then were impressive \u2014 including 19% revenue growth, 22% growth in bookings, and 24% jump in operating income. Plus, the company has a decent dividend history with a consistent 12.5 cent quarterly payday. At only about 25% of total earnings, that income stream is not just sustainable but ripe for additional increases if recent growth trends continue.<\/p>\n

2. Juniper Networks: <\/strong>Juniper Networks, Inc.\u00a0
\n JNPR,
\n +1.16%<\/bg-quote>
\n is a midsized technology company that specializes in routers, data gateways, network architectures and related digital services. Though a bit of a niche play, JNPR remains best-in-class at what it does. It is a respected enterprise tech brand with operating history dating back to 1996 and the early days of the internet. In a digital age where everyone needs to stay connected, Juniper remains an essential part of the modern economy.<\/p>\n

Thanks to strong performance lately, Citigroup recently initiated coverage of Juniper stock with a \u201cbuy\u201d rating in early July. Bigger picture, the consensus forecast is for roughly 10% revenue growth year-over-year in fiscal 2023 and earnings per share should jump about 20%. As for the income side, the company recently boosted its dividend payout to 22 cents a quarter, up a penny from last year. The dividend looks sustainable, at just about one third of total earnings currently.<\/p>\n

3. Mondelez:<\/strong> Food-manufacturing giant Mondelez
\n MDLZ,
\n -1.68%<\/bg-quote>
\n has been able to weather inflation\u2019s rise, passing along increased costs to consumers loyal to familiar brands including Oreo cookies, Halls cough drops and Sour Patch Kids candy. The company receives more than 70% of its sales from outside the U.S. and is growing fast in emerging markets from Latin America to Eastern Europe.<\/p>\n

Mondelez saw its shares rise back in April after strong earnings and raised guidance for sales and profit outlook on the year. All told, the company is projecting 12% revenue growth this year. Mondelez\u2019s 38.5-cent quarterly payout is more than double the 19 cents it paid back in 2018, showing a strong commitment to dividend growth. Payouts are only about half of projected earnings and thus sustainable even if growth plateaus.<\/p>\n

4. Open Text:<\/strong> Software company Open Text
\n OTEX,
\n +0.98%<\/bg-quote>
\n is another cybersecurity growth stock that\u2019s tailor-made for the current tech environment. The company specialzes in information-management software and firewalls. Perhaps unsurprisingly in this age of elevated hacking concerns, Open Text is growing fast. In its most recent quarterly report back in May, the company reported revenue growth of 41% year-over-year \u2014 with longer-term projections of roughly 30% revenue expansion projected for both fiscal 2023 and 2024.\u00a0<\/p>\n

Open Text has been paying dividends for roughly 10 years. Payouts have increased significantly from 11.5 cents per share in early 2017 to 24.3 cents per share currently. Those dividends are less than a third of total earnings, giving Open Text room for future dividend increases.<\/p>\n

5. Sysco: <\/strong>Sysco
\n SYY,
\n -0.11%<\/bg-quote>
\n is a leading provider to restaurants, institutional cafeterias and other parts of the foodservice industry worlwide. Sysco took a hit during the pandemic, but has steadily seen improvements in its operations as it returned to normalcy and growth.<\/p>\n

In its most recent earnings report, Sysco reported 12% revenue growth \u2014 which matches Wall Street\u2019s expectations of 12% revenue growth this full fiscal-year. Gross profit also increased about 14% year-over-year. Sysco recorded more than $68 billion in revenue last year, comfortably topping its 2019 tally of $60 billion.<\/p>\n

As for dividends, Sysco has an track record of more than 40 consecutive years of dividend increases \u2014 including its most recent penny per share bump in July. With payouts roughly half of this year\u2019s earnings, there\u2019s ample headroom to keep paying shareholders.<\/p>\n

As of this writing, Jeff Reeves did not own a position in any of the stocks mentioned in this article.<\/em><\/p>\n

Also read: <\/strong>This small-cap stock index achieves first \u2018golden cross\u2019 in almost half a year, pointing to potential rally\u00a0<\/p>\n

More: <\/strong>\u2018There\u2019s nothing in the data that shows prices crash\u2019: U.S. housing market is showing remarkable resilience.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Across the first half of 2023, \u201crisk-on\u201d trades were in favor on Wall Street. Still, many investors remain skeptical of the rally. They continue to worry about rising rates, inflation, geopolitical risks, and weak growth in the recent June jobs report \u2013 among other things. If you\u2019re interested in tapping into the growth of 2023 […]<\/p>\n","protected":false},"author":1,"featured_media":27289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-34405","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nOpinion: These 5 fast-growing stocks pay generous dividends you can count on | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Across the first half of 2023, \u201crisk-on\u201d trades were in favor on Wall Street. Still, many investors remain skeptical of the rally. They continue to worry\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=34405\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opinion: These 5 fast-growing stocks pay generous dividends you can count on | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Across the first half of 2023, \u201crisk-on\u201d trades were in favor on Wall Street. Still, many investors remain skeptical of the rally. They continue to worry\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=34405\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-12T02:17:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-12T02:17:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1687711614_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1279\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34405#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34405\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Opinion: These 5 fast-growing stocks pay generous dividends you can count on\",\"datePublished\":\"2023-07-12T02:17:28+00:00\",\"dateModified\":\"2023-07-12T02:17:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34405\"},\"wordCount\":790,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=34405#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34405\",\"url\":\"https:\/\/ifintechworld.com\/?p=34405\",\"name\":\"Opinion: These 5 fast-growing stocks pay generous dividends you can count on | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-12T02:17:28+00:00\",\"dateModified\":\"2023-07-12T02:17:29+00:00\",\"description\":\"Across the first half of 2023, \u201crisk-on\u201d trades were in favor on Wall Street. Still, many investors remain skeptical of the rally. They continue to worry\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34405#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=34405\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34405#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Opinion: These 5 fast-growing stocks pay generous dividends you can count on\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Opinion: These 5 fast-growing stocks pay generous dividends you can count on | iFintechWorld","description":"Across the first half of 2023, \u201crisk-on\u201d trades were in favor on Wall Street. Still, many investors remain skeptical of the rally. They continue to worry","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=34405","og_locale":"en_US","og_type":"article","og_title":"Opinion: These 5 fast-growing stocks pay generous dividends you can count on | iFintechWorld","og_description":"Across the first half of 2023, \u201crisk-on\u201d trades were in favor on Wall Street. Still, many investors remain skeptical of the rally. They continue to worry","og_url":"https:\/\/ifintechworld.com\/?p=34405","og_site_name":"iFintechWorld","article_published_time":"2023-07-12T02:17:28+00:00","article_modified_time":"2023-07-12T02:17:29+00:00","og_image":[{"width":1279,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1687711614_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=34405#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=34405"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Opinion: These 5 fast-growing stocks pay generous dividends you can count on","datePublished":"2023-07-12T02:17:28+00:00","dateModified":"2023-07-12T02:17:29+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=34405"},"wordCount":790,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=34405#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=34405","url":"https:\/\/ifintechworld.com\/?p=34405","name":"Opinion: These 5 fast-growing stocks pay generous dividends you can count on | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-12T02:17:28+00:00","dateModified":"2023-07-12T02:17:29+00:00","description":"Across the first half of 2023, \u201crisk-on\u201d trades were in favor on Wall Street. Still, many investors remain skeptical of the rally. They continue to worry","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=34405#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=34405"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=34405#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Opinion: These 5 fast-growing stocks pay generous dividends you can count on"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34405"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34405\/revisions"}],"predecessor-version":[{"id":34406,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34405\/revisions\/34406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/27289"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}