Evernorth’s $1B XRP Treasury Play: Wall Street’s Latest Crypto Experiment
Another day, another billion-dollar bet on blockchain—this time with healthcare giant Evernorth diving headfirst into XRP treasury management. Because nothing says 'stable investment' like a cryptocurrency that's spent years in regulatory purgatory.
The partners? Still under wraps. The strategy? Vague enough to fuel a thousand LinkedIn hot takes. But the dollar figure? A crisp $1 billion commitment that'll either look prescient or painfully naive by next earnings season.
Wall Street's latest attempt to force-fit crypto into corporate finance comes with all the usual hallmarks: breathless press releases, carefully unnamed 'strategic partners,' and just enough technical jargon to scare off skeptical CFOs.
Funny how these institutional crypto plays always emerge during bull markets—almost like someone's trying to pump their balance sheet with speculative glitter.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
What are Dividend Aristocrats?
Dividend aristocrat are companies renowned for boosting their dividends for a minimum of 25 consecutive years. These companies are members of the S&P 500, the benchmark index representing America’s 500 largest publicly traded firms.
Sometimes, analysts also recognize recent spinoffs from long-standing companies as aristocrats, as if crediting them with the parent company’s established record of dividend distributions.
Which Dividend Aristocrat Stocks Are the Best to Buy?
According to Wall Street analysts, the three stocks listed below are worth buying. Each stock has a dividend payout ratio of at least 50%, meaning that each company distributes at least half of its net earnings to shareholders as dividends.
Furthermore, each company currently has a Buy rating based on consensus from top analysts or broader Wall Street agreement, with at least 10% upside potential.
Be sure to click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Here are today’s top dividend aristocrat stock picks from TipRanks.
(TGT) — Target is a prominent U.S. retailer with a vast network of discount stores nationwide, offering everything from apparel to gadgets under one roof
Target’s dividend payout ratio currently stands at 224.84.10%. The company paid $1.14 per share in its last dividend issuance with a dividend yield of 4.93%. TGT stock currently holds a Moderate Buy rating from the 19 top analysts covering it, with an average price target of $104.50 that offers nearly 14% upside.
(O) — Walmart is a California-based real estate investment trust that boasts a portfolio of over 13,000 properties leased to major tenants like Walgreens (WBA), 7-Eleven (SVNDY), and FedEx (FDX).
The company’s dividend payout ratio is currently 594.63%. Walmart paid $0.27 per share in its last dividend issuance, with a dividend yield of 5.62%. O stock presently holds a Moderate Buy consensus rating from the five top analysts tracking the stock, with an average price target of $62.70, suggesting about 10% upside potential.
(CVX) — Chevron is a global energy powerhouse with operations in oil and gas discovery, production, and refining. The company oversees the Texaco brand in the fuel sector.
The company’s dividend payout ratio is currently 175.28%. Chevron paid $1.71 per share in its last dividend issuance, with a dividend yield of 4.33%. CVX stock currently has a Moderate Buy consensus rating from 15 Wall Street analysts, with an average price target of $175, indicating about 14% upside potential
Interested in More Dividend Aristocrat Stocks?
To find more stocks like these, take a look at TipRanks’ Dividend Aristocrats tool.
The page provides an exhaustive list of all dividend aristocrats, including their most recent dividend yields, previous dividend amounts, payout ratios, and other details.
