3 Top-Rated Growth Stocks That Pay Dividends: Texas Instruments, Cintas, And Innovative Industrial Properties

Over the past three years, TXN’s EPS and free cash flow have grown at a CAGR of 7.3% and 2.7%, respectively. In its last reported quarter, TXN recorded a top line of $3.82 billion, increasing 18% sequentially, with notable strength in the rebound of automotive demand and growing demand from personal electronics. The company generated $1.30 billion in free cash flow and returned $825 million to its shareholders in the form of dividends. EPS came in at $1.45, compared with $1.48 for the previous quarter.

TXN will host a conference call on Jan. 26 to discuss financial results for the fourth quarter and full year 2020 ended Dec. 31, 2020. As a participant in the building-block side of technology, TXN stands to benefit from the proliferation of the Internet and growing digitization, with customers in a wide array of industries, including electric cars, automated factories, and 5G base stations. Driven by its diversified product portfolio and focus on growth, analysts expect TXN’s EPS to grow 8.4% this year.

TXN shares were trading at $174.01 per share on the morning of Tuesday, Jan. 19, up $4.82 (+2.85%). Year-to-date, TXN has gained 6.02%, versus a 1.01% rise in the benchmark S&P 500 index during the same period. How does TXN stack up for the POWR Ratings?

  • A for Trade Grade.
  • A for Buy & Hold Grade.
  • A for Industry Rank.
  • A for Overall POWR Rating.

You cannot ask for better. It is ranked #5 of 99 stocks in the Semiconductor & Wireless Chip industry.

Cintas Corporation (CTAS)

CTAS designs, manufactures, and implements corporate identity uniform programs, and provides entrance mats, restroom supplies, first aid, safety and fire protection products and services in North America, Latin America, Europe, and Asia. It operates primarily through two segments – Uniform Rental and Facility Services and First Aid and Safety Services.

CTAS currently commands a forward P/E ratio of 33.99x, which is 17.7% higher than the industry average of 28.88x. Over the past three years, CTAS’ dividend has grown at a CAGR of 20.2%. In October, the company approved a change in its dividend policy from an annual dividend to quarterly dividends.

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