7 Cheap Stocks With Fastest Dividend Growth

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Oct 20, 2011
I screened stocks by fastest dividend growth within the past month. In total, there are 40 stocks that raised dividends of which 10 have a double digit growth rate. In addition, I observed only stocks with a forward price to earnings ratio of less than 15 and a market capitalization of more than USD 2 billion. Here are the results sorted by dividend yield:

1. Ameren Corporation (AEE) is acting within the diversified utilities industry. The company hasa market capitalization of $7.4 billion, generates revenues in an amount of $7.7 billion and a net income of $94.0 million. It follows P/E ratio is 80.6 and forward price to earnings ratio 13.4, Price/Sales 1.0 and Price/Book ratio 1.0. Dividend Yield: 5.0 percent. The dividend growth compared to the previous declaration amounts to 3.9 percent.

2. RPM International (RPM) is acting within the specialty chemicals industry. The company hasa market capitalization of $2.7 billion, generates revenues in an amount of $3.5 billion and a net income of $193.2 million. It follows P/E ratio is 13.8 and forward price to earnings ratio 12.0, Price/Sales 0.8 and Price/Book ratio 2.1. Dividend Yield: 4.1 percent. The dividend growth compared to the previous declaration amounts to 2.4 percent.

3. ConAgra Foods (CAG) is acting within the processed and packaged goods industry. The company hasa market capitalization of $10.5 billion, generates revenues in an amount of $12.6 billion and a net income of $769.5 million. It follows P/E ratio is 14.0 and forward price to earnings ratio 13.0, Price/Sales 0.8 and Price/Book ratio 2.2. Dividend Yield: 3.8 percent. The dividend growth compared to the previous declaration amounts to 4.3 percent.

4. Corning (GLW, Financial) is acting within the diversified electronics industry. The company hasa market capitalization of $20.8 billion, generates revenues in an amount of $7.3 billion and a net income of $3.3 billion. It follows P/E ratio is 6.3 and forward price to earnings ratio 6.7, Price/Sales 2.9 and Price/Book ratio 1.0. Dividend Yield: 2.3 percent. The dividend growth compared to the previous declaration amounts to 50.0 percent.

5. American Financial Group (AFG) is acting within the property and casualty insurance industry. The company hasa market capitalization of $3.4 billion, generates revenues in an amount of $4.5 billion and a net income of $403.0 million. It follows P/E ratio is 8.9 and forward price to earnings ratio 9.3, Price/Sales 0.7 and Price/Book ratio 0.8. Dividend Yield: 2.1 percent. The dividend growth compared to the previous declaration amounts to 7.7 percent.

6. Cintas Corporation (CTAS, Financial) is acting within the apparel stores industry. The company hasa market capitalization of $3.8 billion, generates revenues in an amount of $3.9 billion and a net income of $253.1 million. It follows P/E ratio is 16.2 and forward price to earnings ratio 12.8, Price/Sales 1.0 and Price/Book ratio 1.8. Dividend Yield: 1.7 percent. The dividend growth compared to the previous declaration amounts to 10.2 percent.

7. Albemarle (ALB) is acting within the specialty chemicals industry. The company hasa market capitalization of $4.1 billion, generates revenues in an amount of $2.6 billion and a net income of $399.4 million. It follows P/E ratio is 10.4 and forward price to earnings ratio 9.8, Price/Sales 1.6 and Price/Book ratio 2.4. Dividend Yield: 1.6 percent. The dividend growth compared to the previous declaration amounts to 6.1 percent.

Take a closer look at the full table of the fastest dividend growth stocks. The average dividend-yield amounts to 4.62 percent and the average dividend growth is 11.31 percent.