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7 Cheap Stocks With Fastest Dividend Growth

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 has a 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 has a 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 has a 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) is acting within the diversified electronics industry. The company has a 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 has a 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) is acting within the apparel stores industry. The company has a 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 has a 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.

About the author:

I am a private full time investor searching for investments and investment ideas.

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