Feb 27, 2024 By Triston Martin
The following list of growth-focused businesses not only projects double-digit increases in revenue over the next several years, but they also maintain dividends of at least 1%. Indeed, conventional income investments in less active market segments often provide higher yields than those in more active market segments. However, these dynamic firms provide a modest dividend and a greater potential for outperformance if they successfully continue to expand their operations.
CF is one of the most significant manufacturers of agricultural chemicals, notably nitrogen-based fertilizers, in the whole globe. Even though some businesses have witnessed a decline in demand due to recent shifts in consumer preferences, the demand for crops is typically quite high. Furthermore, because the conflict in Ukraine has caused disruptions to global grain supplies, farmers require CF chemicals more than always to increase their crop yields.
Gen Digital is a company that specializes in cybersecurity and identity protection. It is most recognized for developing the antivirus software known as Norton and the privacy solutions service known as LifeLock. Gen Digital is, without a doubt riding the wave of multiyear development in an era dominated by digital technology when malicious actors seem to be present almost everywhere online.
H&P, an oil drilling services company, is typical of the many successful businesses operating in the oil sector, which have been riding the wave of higher energy prices for the better part of a year. On the other hand, in contrast to the success stories of some other organizations, it does not seem to be a flash in the pan. Based on the fact that there are already over 250 rigs operating worldwide, experts, for instance, forecast that revenue would increase by around 47% during this fiscal year and another 12% during the next fiscal year.
Although shares of payments processor Jack Henry isn't among the market's most popular, the company has a track record of increasing its dividend payment for more than 30 years. Consistent increases in profitability and sales have been the driving force behind this expansion, and they show no signs of slowing down anytime soon.
The under-the-radar business SQM emerged as a major player on the world stage in 2022, even though many investors may not have been aware of its existence before this year. SQM is a lithium miner in South America that is capitalizing on the red-hot inflation in commodity prices and the expanding market for makers of electric vehicles. As a result of both increasing pricing and increased demand for lithium, it is anticipated that the firm will record a staggering 270% rise in the top line during the current fiscal year.
Exactly what features of Microsoft might need some work? With a market value of almost $1.8 trillion, it is one of the most valuable companies in the world. It also has a perfect AAA credit rating on its corporate debt, making it one of just two publicly traded U.S. equities, along with Johnson & Johnson (JNJ). The stock price of Microsoft Corporation has been under pressure this year, in part because MSFT stock accounts for such a large percentage of most index funds that the market-wide sell-off has hit, but the underlying health of the firm has not changed.
That Texas Roadhouse, you're right. Given the pain that COVID-19 has caused, the overall trend away from eating red meat in favor of better diets, and the squeeze inflation is placing on customers; you would assume that investing in this southwestern restaurant business is a dangerous idea. TXRH stock, on the other hand, defies expectations on all of these fronts by presenting an incredible growth narrative that can't be dismissed.
In this day and age, when competition comes from the likes of Amazon, Home Depot, and Walmart, you may not expect a traditional brick-and-mortar store to be able to hold its own against larger chains. You should rethink that assumption since Tractor Supply is steadily expanding its consumer base in rural areas. Despite the tough climate for customers, TSCO is projected to generate revenue growth of around 11% this year and another 7% the next year.
Turkcell is a telecommunications company headquartered in Turkey that serves around 40 million clients with mobile, TV, and fixed-line internet services. Additionally, it provides a wide range of business technology services across the area, such as cybersecurity and administration of data centers. There are high hopes for growth in Turkey's economy in 2023 because the rest of the world is also struggling under the burden of inflation, and there are policies in place that are looking to assist the nation in turning a new leaf in 2023.
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