高盛:收息美股料2024年跑贏大市 看好雪佛龍(CVX.US)等油股
高盛(GS.US)發表報告看好收息美股,指收息股將於2024年跑贏大市。
高盛首席美國股票策略師David Kostin建議投資者持有派息股票,由於「長期較高」的利率環境,為龐大資本支出的公司帶來壓力。高盛預計今年股息將穩定增長5%,2024年將增長4%。
報告稱,投資者在目前經濟環境下,將避免買入資本支出高及研發成長投資企業,主要是由於投資回報率可能較低,相較之下,透過回購和股息向股東返還現金的股票通常在現時經濟周期表現優於其他股票。
分析師稱,今年迄今的業績反映該想法,今年總現金回報股票表現增長3%,而專注資本支出和研發的一籃子股票2023年迄今已下跌2%。
高盛稱,石油和天然氣生產商Devon Energy(DVN.US)和雪佛龍(CVX.US)均躋身最高派息名單。高油價及強勁資產負債表,使該行業成為高股息的佼佼者。雪佛龍2023年的股息率為3.6%,至2025年股息複合年增長率為5%。Devon Energy今年股息率在名單上最高,為5.8%,至2025年股息複合年增長率為8%。
Blackstone(BX.US)是名單2023年表現最好的股票,該股今年迄今已上升27%。 2023年股息收益率3%。奢華服飾大廠Tapestry(TPR.US)今年股息率為4.6%,是非必需消費品股中息率較高的股票之一,料至2025年股息複合年增長率為14%。
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