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Williams Partners (WPZ) Hiked Dividends by 1.77% and 7 Others Followed
Posted by: Dividend (IP Logged)
Date: July 24, 2013 10:40AM
Yesterday was a good day in terms of dividend growth. Eight companies raised their dividend payments. The biggest stock was the specialty chemical company Williams Partners (WPZ). WPZ announced a 1.76 percent dividend hike and yields at 6.67 percent. The company has a rosy future. Analysts are expecting earnings per share to grow by at least 12 percent over the next five years. Only the high debt to equity ratio of 4.20 gives investors a bad taste.
Seven of eight companies with dividend growth on the last trading day have a market capitalization of more than USD1 billion. Oil and gas companies are the most represented stocks.
The highest yielding stock is the drilling and explorations company Legacy Reserves (LGCY) with a 8.22 percent dividend yield. LGCY raised its quarterly dividends by 0.87 percent yesterday.
Stocks Discussed: WPZ, CR, CLMT, BKEP, OILT, LGCY, NWBI, RYN,