Latest news with #McCormick
Yahoo
3 hours ago
- Business
- Yahoo
3 Dividend Growth Stocks to Buy in June and Hold Forever
Stocks that pay high yields generally don't raise their payouts very quickly. Prologis, MPLX, and McCormick are three dividend growth stocks with yields that are more than double the market average at recent prices. Patient investors could receive double-digit percentage yields from these stocks down the road. 10 stocks we like better than Prologis › High-yield dividend stocks are great, but you know what's even better? High-yield dividends that can grow rapidly. Prologis (NYSE: PLD), MPLX (NYSE: MPLX), and McCormick (NYSE: MKC) present investors with an unusual opportunity. They've been offering yields that are more than double the market average, plus they tend to raise their payouts rapidly. Here's why there's a good chance they'll generate a double-digit yield on cost for investors who buy now and hold over the long run. Prologis is the largest owner of logistics-related real estate on the planet and offers a 3.6% yield at recent prices. At the end of March, it owned or had investments in a stunning 1.3 billion square feet of logistics real estate. Prologis has one of the best credit ratings of any real estate investment trust (REIT), which enables it to borrow at interest rates its tenants can only dream of. For many businesses that own their logistics infrastructure, selling a building to Prologis and leasing it back is a great option for raising capital. Amazon rents more space from Prologis than any other tenant. At just 5% of total rent, though, this REIT could maintain its dividend payout even if the everything store suddenly becomes the hardly anything store. A slew of businesses fueling the e-commerce transition enabled Prologis to raise its dividend payout by an impressive 11.7% annually over the past five years. Sale-leaseback deals are already popular in the U.S., but this form of financing is still catching on in international markets. Currently, less than 30% of Prologis' net operating income is derived from international markets. Ex-U.S. operations playing catch-up could allow this REIT to continue its long history of big dividend payout raises. MPLX is a midstream energy business that pushes heaps of gas and crude oil through its growing pipeline operation. Until 2012, it was part of Marathon Petroleum, and the oil refining giant still buys a lot of the crude flowing through its pipes. MPLX is an income-seeking investor's dream come true because the revenue its pipelines generate is relatively reliable. Extra visibility regarding demand through its Marathon Petroleum tie-up gives it an advantage that translates to rapid dividend raises. At the moment, MPLX offers a huge 7.5% yield, and a new investor's yield on cost could quickly reach a double-digit percentage. The pipeline operator has raised its dividend payout by 8.1% annually over the past decade. With first-quarter net income rising 12% year over year, a big payout bump in the near term seems likely. Before filling your retirement account portfolio with MPLX shares, it's important to realize this is a master limited partnership (MLP). Since MLPs are tax-advantaged entities, things can get complicated if your traditional IRA receives more than $1,000 annually from MLP investments. Investors who want to add some flavor to their portfolios should consider McCormick, the spice and flavorings giant. This company has paid a dividend every year since 1925, and it's raised its payout for 38 consecutive years. If you look around your favorite grocery store, you'll find products from several businesses with decades-long dividend-raising track records. That said, I don't think any of them are raising their payouts as quickly as the spice king. McCormick's payout has risen by 8.4% annually over the past 10 years. Rising commodity costs abroad have pressured earnings growth in recent quarters and pushed the stock down by about 31% from its peak in 2020. So far, 2025 hasn't been a great year for selling spices. In the first quarter, sales hardly budged year over year. Despite the temporary challenges, McCormick expects adjusted earnings to rise by 6% this year, at the midpoint of management's guided range. At its depressed price, McCormick offers an unusually large 2.5% yield. This isn't a huge starting point, but steady movement in the right direction means patient shareholders could receive a double-digit yield on cost by the time they're ready to retire. Before you buy stock in Prologis, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Prologis wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Cory Renauer has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Prologis. The Motley Fool recommends McCormick and recommends the following options: long January 2026 $90 calls on Prologis. The Motley Fool has a disclosure policy. 3 Dividend Growth Stocks to Buy in June and Hold Forever was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
6 hours ago
- Business
- Yahoo
3 Dividend Growth Stocks to Buy in June and Hold Forever
Stocks that pay high yields generally don't raise their payouts very quickly. Prologis, MPLX, and McCormick are three dividend growth stocks with yields that are more than double the market average at recent prices. Patient investors could receive double-digit percentage yields from these stocks down the road. 10 stocks we like better than Prologis › High-yield dividend stocks are great, but you know what's even better? High-yield dividends that can grow rapidly. Prologis (NYSE: PLD), MPLX (NYSE: MPLX), and McCormick (NYSE: MKC) present investors with an unusual opportunity. They've been offering yields that are more than double the market average, plus they tend to raise their payouts rapidly. Here's why there's a good chance they'll generate a double-digit yield on cost for investors who buy now and hold over the long run. Prologis is the largest owner of logistics-related real estate on the planet and offers a 3.6% yield at recent prices. At the end of March, it owned or had investments in a stunning 1.3 billion square feet of logistics real estate. Prologis has one of the best credit ratings of any real estate investment trust (REIT), which enables it to borrow at interest rates its tenants can only dream of. For many businesses that own their logistics infrastructure, selling a building to Prologis and leasing it back is a great option for raising capital. Amazon rents more space from Prologis than any other tenant. At just 5% of total rent, though, this REIT could maintain its dividend payout even if the everything store suddenly becomes the hardly anything store. A slew of businesses fueling the e-commerce transition enabled Prologis to raise its dividend payout by an impressive 11.7% annually over the past five years. Sale-leaseback deals are already popular in the U.S., but this form of financing is still catching on in international markets. Currently, less than 30% of Prologis' net operating income is derived from international markets. Ex-U.S. operations playing catch-up could allow this REIT to continue its long history of big dividend payout raises. MPLX is a midstream energy business that pushes heaps of gas and crude oil through its growing pipeline operation. Until 2012, it was part of Marathon Petroleum, and the oil refining giant still buys a lot of the crude flowing through its pipes. MPLX is an income-seeking investor's dream come true because the revenue its pipelines generate is relatively reliable. Extra visibility regarding demand through its Marathon Petroleum tie-up gives it an advantage that translates to rapid dividend raises. At the moment, MPLX offers a huge 7.5% yield, and a new investor's yield on cost could quickly reach a double-digit percentage. The pipeline operator has raised its dividend payout by 8.1% annually over the past decade. With first-quarter net income rising 12% year over year, a big payout bump in the near term seems likely. Before filling your retirement account portfolio with MPLX shares, it's important to realize this is a master limited partnership (MLP). Since MLPs are tax-advantaged entities, things can get complicated if your traditional IRA receives more than $1,000 annually from MLP investments. Investors who want to add some flavor to their portfolios should consider McCormick, the spice and flavorings giant. This company has paid a dividend every year since 1925, and it's raised its payout for 38 consecutive years. If you look around your favorite grocery store, you'll find products from several businesses with decades-long dividend-raising track records. That said, I don't think any of them are raising their payouts as quickly as the spice king. McCormick's payout has risen by 8.4% annually over the past 10 years. Rising commodity costs abroad have pressured earnings growth in recent quarters and pushed the stock down by about 31% from its peak in 2020. So far, 2025 hasn't been a great year for selling spices. In the first quarter, sales hardly budged year over year. Despite the temporary challenges, McCormick expects adjusted earnings to rise by 6% this year, at the midpoint of management's guided range. At its depressed price, McCormick offers an unusually large 2.5% yield. This isn't a huge starting point, but steady movement in the right direction means patient shareholders could receive a double-digit yield on cost by the time they're ready to retire. Before you buy stock in Prologis, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Prologis wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Cory Renauer has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Prologis. The Motley Fool recommends McCormick and recommends the following options: long January 2026 $90 calls on Prologis. The Motley Fool has a disclosure policy. 3 Dividend Growth Stocks to Buy in June and Hold Forever was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NBC News
2 days ago
- Business
- NBC News
Trump says U.S. will double steel tariffs to 50%
President Donald Trump told U.S. steelworkers on Friday that he will double tariffs on steel imports to 50%. 'We're going to bring it from 25% to 50%, the tariffs on steel into the United States of America,' Trump said during remarks at U.S. Steel's Irvin Works in West Mifflin, Pennsylvania. Trump is visiting U.S. Steel after indicating last week that he will clear a controversial merger with Japan's Nippon. Investors and union members are listening for answers from the president on what shape the deal he announced between U.S. Steel and Nippon will take. Trump described the deal as a 'partnership' in a May 23 post on his social media platform Truth Social. The president said U.S. Steel's headquarters would remain in Pittsburgh and Nippon would invest $14 billion over 14 months in the more than 120-year-old American industrial icon. Trump told reporters on Sunday that the deal is an 'investment, it's a partial ownership, but it will be controlled by the USA.' But the White House and the companies have provided little detail to the public on how the deal is structured since Trump's announcement. U.S. Steel has described the deal as a 'merger' in which it will become a 'wholly owned subsidiary' of Nippon Steel North America but continue to operate as separate company, according to an April 8 filing with the Securities and Exchange Commission. Sources familiar with the matter told CNBC's David Faber that Nippon is expected to close its acquisition of U.S. Steel at $55 per share, the original offer the Japanese steelmaker made before President Joe Biden rejected the deal in January. Biden blocked Nippon's proposed acquisition on national security grounds, arguing that it would jeopardize critical supply chains. But Trump ordered a new review of the deal in April, softening his previous opposition to Nippon buying U.S. Steel. The president announced the 'partnership' one day after the Committee on Foreign Investment in the United States (CFIUS) was supposed to conclude its review and make a recommendation on whether the companies had found ways to 'mitigate any national security risks.' 'National security agreement' Pennsylvania Sen. Dave McCormick told CNBC on Tuesday that the U.S. government will have a 'golden share' that will allow it to decide on a number of board seats. U.S. Steel will have an American CEO and a majority of the board will come from the U.S. McCormick said. 'It's a national security agreement that will be signed with the U.S. government,' McCormick told CNBC's ' Squawk Box.' 'There'll be a golden share that will essentially require U.S. government approval of a number of the board members and that will allow the United States to ensure production levels aren't cut.' The 'golden share' likely wouldn't take the form of an equity stake by the U.S. government, said James Brower, a partner at law firm Morrison Forrester's litigation department. The committee that reviewed the deal, CFIUS, does not negotiate equity interests, Brower said. It would likely take the form of contractual right for the U.S. government to veto certain actions, said Brower, who has represented clients on issues related to CFIUS. Nippon will 'have certainly members of the board and this will be part of their overall corporate structure,' McCormick told CNBC. White House Trade Advisor Peter Navarro told reporters Thursday that 'Nippon Steel is going to have some involvement, but no control of the company.' 'U.S. Steel owns the company,' Navarro said. U.S. Trade Representative Jamieson Greer told CNBC on Friday that the details of the Nippon Steel deal 'remain confidential, relatively.' 'The underlying principle is that the United States should have control over key critical sectors, whether it's basic manufacturing or high tech,' Greer told 'Squawk Box.' 'In the event that foreign countries or foreign individuals or firms want to acquire these companies or have large investments, the U.S. has to maintain control of things that matter.' The United Steelworkers, which originally opposed the deal, has said the union 'cannot speculate about the impact' of Trump's announcement 'without more information.' 'Our concern remains that Nippon, a foreign corporation with a long and proven track record of violating our trade laws, will further erode domestic steelmaking capacity and jeopardize thousands of good, union jobs,' USW President David McCall said in a statement.
CNBC
2 days ago
- Business
- CNBC
Trump will hold a rally at U.S. Steel as investors seek clarity on Nippon deal. Here's what we know
President Donald Trump will hold a rally Friday at a U.S. Steel plant near Pittsburgh, a week after signaling that he had cleared a controversial merger with Japan's Nippon Steel. Trump is scheduled to deliver remarks at 5 p.m. ET at U.S. Steel's Irvin Works in West Mifflin, Pennsylvania, according to the White House. Investors and union members will listen for answers from the president on what shape the deal he announced between U.S. Steel and Nippon will take. Trump described the deal as a "partnership" in a May 23 post on his social media platform Truth Social. The president said U.S. Steel's headquarters would remain in Pittsburgh and Nippon would invest $14 billion over 14 months in the more than 120-year-old American industrial icon. Trump told reporters on Sunday that the deal is an "investment, it's a partial ownership, but it will be controlled by the USA." But the White House and the companies have provided little detail to the public on how the deal is structured since Trump's announcement. U.S. Steel has described the deal as a "merger" in which it will become a "wholly owned subsidiary" of Nippon Steel North America but continue to operate as separate company, according to an April 8 filing with the Securities and Exchange Commission. Sources familiar with the matter told CNBC's David Faber that Nippon is expected to close its acquisition of U.S. Steel at $55 per share, the original offer the Japanese steelmaker made before President Joe Biden rejected the deal in January. Biden blocked Nippon's proposed acquisition on national security grounds, arguing that it would jeopardize critical supply chains. But Trump ordered a new review of the deal in April, softening his previous opposition to Nippon buying U.S. Steel. The president announced the "partnership" one day after the Committee on Foreign Investment in the United States was supposed to conclude its review and make a recommendation on whether the companies had found ways to "mitigate any national security risks." Pennsylvania Sen. Dave McCormick told CNBC on Tuesday that the U.S. government will have a "golden share" that will allow it to decide on a number of board seats. U.S. Steel will have an American CEO and a majority of the board will come from the U.S. McCormick said. "It's a national security agreement that will be signed with the U.S. government," McCormick told CNBC's "Squawk Box." "There'll be a golden share that will essentially require U.S. government approval of a number of the board members and that will allow the United States to ensure production levels aren't cut." Nippon will "have certainly members of the board and this will be part of their overall corporate structure," McCormick told CNBC. White House Trade Advisor Peter Navarro told reporters Thursday that "Nippon Steel is going to have some involvement, but no control of the company." "U.S. Steel owns the company," Navarro said. U.S. Trade Representative Jamieson Greer told CNBC on Friday that the details of the Nippon Steel deal "remain confidential, relatively." "The underlying principle is that the United States should have control over key critical sectors, whether it's basic manufacturing or high tech," Greer told "Squawk Box." "In the event that foreign countries or foreign individuals or firms want to acquire these companies or have large investments, the U.S. has to maintain control of things that matter." The United Steelworkers, which originally opposed the deal, has said the union "cannot speculate about the impact" of Trump's announcement "without more information." "Our concern remains that Nippon, a foreign corporation with a long and proven track record of violating our trade laws, will further erode domestic steelmaking capacity and jeopardize thousands of good, union jobs," USW President David McCall said in a statement.
CBS News
2 days ago
- Business
- CBS News
Trump to visit U.S. Steel mill in Pennsylvania as Nippon deal finalized
President Trump will visit a U.S. Steel mill in the Pittsburgh suburbs Friday, a week after he announced a "planned partnership" between the company and its Japanese competitor Nippon Steel. The deal will allow U.S. Steel's headquarters to remain in Pennsylvania, according to Mr. Trump, who characterized the agreement last Sunday as "an investment" and "partial ownership" that will be "controlled" by the United States. The administration has released few details about the deal, however. Mr. Trump's announcement last week was the latest twist in Nippon's yearslong effort to acquire U.S. Steel. Its nearly $15 billion bid to buy U.S. Steel was blocked by former President Joe Biden in January on national security grounds. Mr. Trump, who opposed the acquisition during the 2024 campaign, has since warmed to a deal between the steel producers, touting a $14 billion investment that the president said would create at least 70,000 jobs. Sen. David McCormick, a Pennsylvania Republican, provided more details on the agreement in an interview with CNBC on Tuesday, saying that U.S. Steel would have an American CEO and a majority of its board members will be from the U.S., an arrangement that was also part of the deal rejected by Biden. McCormick did raise one potential difference in the latest iteration, stating that the U.S. would have a golden share. "It's a national security agreement that will be signed with the U.S. government," McCormick said. "There'll be a golden share, which will essentially require U.S. government approval of a number of the board members and that will allow the United States to ensure production levels aren't cut." McCormick said Nippon will have "certainly members of the board, and this will be part of their overall corporate structure." "They wanted an opportunity to get access to the U.S. market — this allowed them to do so and get the economic benefit of that," McCormick said of Nippon. "They've negotiated it, it was their proposal." It is not yet clear whether the golden share provision involves any U.S. ownership of the merged companies. The United Steelworkers union has opposed a sale, arguing that the Japanese company is making "flashy promises" that put American jobs at risk. But without an acquisition, U.S. Steel had warned last year that the company would "largely pivot away" from its blast furnace facilities, which would put thousands of jobs in jeopardy. The company said the future of its headquarters in Pittsburgh was also uncertain without an agreement. U.S. Steel employs about 22,000 people, with more than 14,000 employees in North America and the rest in Slovakia.
