7 Stocks Anticipated for Dividend Hikes in 2024

Investors seeking to boost their passive income streams may have a reason to focus on a select group of stocks in 2024. Given their strong fundamental performance and market position, several companies look poised to enhance shareholder value by increasing their dividends. Companies such as AVGO Broadcom Inc., PLD Prologis Inc., ICE The Intercontinental Exchange, and EQIX Equinix Inc. are drawing attention in the investment community for their potential to provide investors with sizable dividend hikes in the coming year.

AVGO Broadcom Inc.: A Titan in Semiconductors and Infrastructure Software

Broadcom Inc. AVGO, as a leading global supplier, operates across diverse markets, including data center, networking, software, and storage industries. Broadcom's widespread market presence and comprehensive product portfolio offer a solid foundation for consistent performance, potentially leading to a higher return for dividend-oriented investors.

PLD Prologis Inc.: Leading Logistics Real Estate Investment

PLD Prologis Inc. is at the forefront of logistics facility investments, mainly focusing on the consumption-side of the global supply chain. With a strategic grasp on essential real estate, Prologis's position offers stability and a promising outlook for dividend growth.

ICE Intercontinental Exchange: Financial and Commodity Market Innovator

The Intercontinental Exchange ICE facilitates global exchange, clearing, and data services that reinforce the modern financial and commodity markets. ICE's robust platform and its strategic role in market infrastructure signals reliable earnings and a conducive environment for increasing dividends.

EQIX Equinix Inc.: Pioneering Data Connections and Centers

Equinix Inc. EQIX is a multinational powerhouse in the internet connectivity and data center spaces. With a mission-critical role in digital infrastructure, EQIX's consistent demand for its services could translate into prospective dividend rewards for its investors.

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