Some stocks that investors might want to invest in – Nike (NYSE:NKE) among them

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By Thomas Copeland on November 28, 2014 Consumer Staples

There are 3 stocks that the market analysts are quite optimistic about; the reason being that these stocks have recently raised their dividend yields. The stocks include Nike (NIYSE:NKE), LA-Z Boy (NYSE:LZB) and Johnson Controls (NYSE:JCI).

Starting off with the Nike (NIYSE:NKE) stocks, the company surely knows how to make the investors happy. The leading apparel company in the sports sector has once again increased its dividend yield. It is important to note here that the company has done this for 13 years consecutively. Nike has improved its dividend yield with a 17 percent increase in the previous figures.

The company has all the resources to do so, as its quarterly revenues were up by 15 percent, with a bottom line boost of 23 percent. The company was able to gain this much revenue increase, despite the fact that its marketing expenses rose by $897 million.

Coming to the stock prices of Nike (NIYSE: NKE), the company, on the last trading day of November 28, 2014, started its stocks at a price of $97.30 and closed at a price of $97.80, after hitting the highest price of $97.88.

The second stock in the list is LA-Z Boy (NYSE:LZB). The company makes comfy chairs, and the business is complete opposite of that of Nike’s. The target audience is the crowd that would rather rest on the chairs and watch sporting events on TV.

The company recently announced a quarterly dividend increase of $0.08, which is almost 33 percent increase in the previous figures. The company posted its second quarter’s revenues and profits, and it will not be wrong to say that the company is in a healthier state right now. The company missed its top line estimates; however, the EPS was way better than the predictions.

Talking about the stocks of LA-Z Boy (NYSE:LZB), the company is currently trading in the range of $25.76 to $26.06. It has a total market capitalization of $1.34 billion with a P/E (price to earnings) ratio of 22.38.

The company’s cash flow for operation is quite remarkable right now, with the figures standing at $31.8 million. The company plans on handing down the new dividends to its investors of 10^th of December 2014.

The third company on the list is Johnson Controls (NYSE:JCI). The company deals with the manufacturing of auto parts of vehicles. The company’s dividend yield is quite high these days. The company announced an 18 percent increase in its dividends last week. The figures rose from $0.22 to $0.26 for each share. The announcement was made some weeks after the company had posted its quarterly reports for the last fiscal quarter of the year 2013. The company’s equivalents are currently at $409 million, which means that it can keep the dividends flowing.

Coming to the stocks of Johnson Controls (NYSE:JCI), the company, on the last trading day of November 27, 2014, started its stocks at a price of $50.26 and closed at a price of $49.89.