FinServ Acquisition II Equity Warrant Exp 17 Feb 2026 *W EXP 02/17/2026
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FSRXW FinServ Acquisition II Equity Warrant Exp 17 Feb 2026 *W EXP 02/17/2026
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Company profile

FinServ Acquisition Corp. II is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company focuses on the financial technology and financial services industries. The Company has no operations and has no revenues.

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Today's volume of 0 shares is on pace to be much lighter than FSRXW's 10-day average volume of 6,766 shares.

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Don't settle for measly yields -- grow your income with this 'dividend compounding' strategy

9:24 am ET October 25, 2021 (MarketWatch)
Print

By Philip van Doorn

Home Depot, Lowe's, Microsoft and other stocks beat the S&P 500's 10-year return while their dividend payouts increased rapidly

If you're seeking income from your investments, you might be disappointed with current dividend yields, as interest rates are near rock-bottom.

That's why it might be better to think ahead about your future income needs and start compounding your dividend investments.

In June, we listed 30 stocks that were the best dividend income growers among the S&P 500 . We looked back five years. A new 10-year screen of dividend compounders is below.

For an updated five-year example, consider Best Buy Co. (BBY). The stock pays a quarterly dividend of 70 cents a share. Based on the closing price of $114.53 a share at the close on Oct. 20, the annual dividend yield was 2.44%. That may seem to be a modest yield, but in comparison, 10-year U.S. Treasury notes were yielding 1.65%. Bonds are considered safer investments, of course, but the interest payments on that type of bond won't increase and there's no potential for capital growth, as you have with stocks.

Here's where the Best Buy example gets interesting. If you had purchased the stock five years earlier, at the close on Oct. 20, 2016, you would have paid $39.48 a share. At that time, the quarterly dividend was 28 cents and the dividend yield was 2.84%.

If you held those shares for five years, your dividend yield, based on what you paid for them in 2016 and the current quarterly payout of 70 cents a share, would have risen to 7.09%. Meanwhile, the value of your shares (excluding dividends) would have more than tripled. And those five years went by pretty quickly, didn't they?

10-year screen of dividend compounders

The new 10-year screen was inspired by Eddy Elfenbein, who discussed Public Storage (PSA) in his CWS Market Review on Oct. 19.

"I really like PSA's dividend," he wrote, explaining that the annual payout had quadrupled over the past 15 years. "Think of it this way: If you had bought PSA 15 years ago, you'd now be yielding close to 10% based on your original purchase price."

Fifteen years is a very long time to hold a stock, so this time around we're looking back 10 years, with a screen similar to the previous five-year list. Here's the breakdown:

Here are the 20 stocks from the remaining list for which the dividend yield would be highest, based on current payouts and purchase prices 10 years ago:

Company  Dividend yield on shares purchased 10 years ago  Dividend yield -- 10 years ago  Current dividend yield  10-year dividend CAGR  10-year price  change  Total return -- 10 years 
Extra Space Storage Inc. EXR  24.69%  2.77%  2.70%  24.47%  814%  1,176% 
Seagate Technology Holdings PLC STX  22.22%  5.97%  3.33%  14.05%  568%  996% 
Home Depot Inc. HD  18.47%  2.80%  1.84%  20.77%  903%  1,155% 
LyondellBasell Industries N.V. LYB  16.50%  2.92%  4.54%  18.91%  263%  552% 
Packaging Corp. of America PKG  15.75%  3.15%  2.95%  17.46%  434%  615% 
Lowe's Cos. Inc. LOW  14.87%  2.60%  1.42%  19.04%  946%  1,145% 
Lockheed Martin Corp. LMT  14.80%  5.28%  3.02%  10.84%  390%  572% 
Trane Technologies PLC TT  13.92%  2.83%  1.34%  17.26%  941%  1,142% 
Texas Instruments Inc. TXN  13.62%  2.27%  2.05%  19.62%  566%  765% 
Interpublic Group of Cos. Inc. IPG  13.01%  2.89%  2.84%  16.23%  358%  523% 
Marathon Petroleum Corp. MPC  12.72%  2.19%  3.45%  19.22%  268%  402% 
Masco Corp. MAS  12.36%  3.94%  1.55%  12.10%  697%  814% 
Huntington Bancshares Inc. HBAN  12.30%  3.28%  3.59%  14.13%  242%  370% 
Allstate Corp. ALL  12.25%  3.18%  2.52%  14.45%  385%  497% 
Broadridge Financial Solutions Inc. BR  12.17%  3.04%  1.41%  14.87%  762%  961% 
JPMorgan Chase & Co. JPM  12.07%  3.02%  2.34%  14.87%  416%  579% 
Northrop Grumman Corp. NOC  11.61%  3.70%  1.57%  12.12%  641%  808% 
L3Harris Technologies Inc. LHX  11.26%  3.09%  1.68%  13.80%  571%  739% 
NextEra Energy Inc. NEE  11.18%  3.99%  1.84%  10.84%  509%  710% 
Best Buy Co. Inc. BBY  10.88%  2.49%  2.44%  15.90%  345%  501% 
BlackRock Inc. BLK  10.86%  3.61%  1.83%  11.63%  493%  668% 
Ameriprise Financial Inc. AMP  10.84%  2.21%  1.52%  17.26%  612%  809% 
Avery Dennison Corp. AVY  10.65%  3.91%  1.27%  10.52%  740%  958% 
Illinois Tool Works Inc. ITW  10.49%  3.09%  2.18%  12.98%  381%  507% 
Fifth Third Bancorp FITB  10.32%  2.75%  2.63%  14.13%  292%  425% 
Whirlpool Corp. WHR  10.17%  3.63%  2.68%  10.84%  280%  393% 
Snap-on Inc. SNA  9.94%  2.59%  2.16%  14.41%  361%  463% 
KLA Corp. KLAC  9.87%  3.29%  1.27%  11.61%  678%  1,158% 
PNC Financial Services Group Inc. PNC  9.42%  2.64%  2.35%  13.58%  301%  422% 
Microsoft Corp. MSFT  9.17%  2.96%  0.81%  11.98%  1,037%  1,313% 
Source: FactSet 

Click on the tickers for more about each company. Click here for Tomi Kilgore's detailed guide to the wealth of information available on MarketWatch's quote page.

The table includes 10-year price changes (again, adjusted for any splits or spinoffs) and total returns, which include reinvested dividends. All but three of the stocks on the list beat the S&P 500's 10-year price increase of 273%, while all beat the index's 10-year total return (with dividends reinvested) of 356%.

Don't miss:5 quality energy stocks with high dividend yields propelled by soaring oil prices

-Philip van Doorn

	

(END) Dow Jones Newswires

October 25, 2021 09:24 ET (13:24 GMT)

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