In economic difficult times, it makes sense to scout for investment opportunities with robust business models and sustainable dividends. Despite the uncertainty, many companies are running well and are still confident about the economic future. That’s the reason they have raised dividends. With this thesis in mind, here are four stocks which have raised dividends within the recent week with a double-digit rate.
1. Wisconsin Energy (WEC, Financial) is acting within the diversified utilities industry. The companyhasa market capitalization of $7.6 billion, generates revenues in an amount of $4.5 billion and a net income of $524.3 million. It follows P/E ratio is 14.9 and forward price to earnings 11.5, Price/Sales 1.7 and Price/Book ratio 1.9. Dividend Yield: 3.2%. The company announced to raise its cash dividend by 15.4% from $0.26 to $0.30.
2. Toro (TTC, Financial) is acting within the small tools and accessories industry. The companyhasa market capitalization of $1.7 billion, generates revenues in an amount of $1.9 billion and a net income of $115.9 million. It follows P/E ratio is 15.6 and forward price to earnings 13.8, Price/Sales 0.9 and Price/Book ratio 5.3. Dividend Yield: 1.4%. The company announced to raise its cash dividend by 10.4% from $0.2 to $0.22.
3. Ecolab (ECL, Financial) is acting within the cleaning products industry. The companyhas a market capitalization of $13.0 billion, generates revenues in an amount of $6.5 billion and a net income of $505.1 million. It follows P/E ratio is 26.1 and forward price to earnings 18.6, Price/Sales 2.0 and Price/Book ratio 5.3. Dividend Yield: 1.3%. The company announced to raise its cash dividend by 14.3% from $0.175 to $0.2.
4. Walt Disney (DIS, Financial) is acting within the diversified entertainment industry. The companyhasa market capitalization of $65.8 billion, generates revenues in an amount of $40.9 billion and a net income of $4.8 billion. It follows P/E ratio is 14.5 and forward price to earnings 11.0, Price/Sales 1.6 and Price/Book ratio 1.7. Dividend Yield: 1.1%. The company announced to raise its cash dividend by 50.0% from $0.4 to $0.6.
In total, 12 stocks raised dividends of which 6 have a dividend growth of more than 10%. The average dividend growth amounts to 12.16%. Take a closer look at the full table of the stocks with recent dividend hikes. The average dividend growth amounts to 27.74%. Here are the results: Stock with dividend growth from last week.
1. Wisconsin Energy (WEC, Financial) is acting within the diversified utilities industry. The companyhasa market capitalization of $7.6 billion, generates revenues in an amount of $4.5 billion and a net income of $524.3 million. It follows P/E ratio is 14.9 and forward price to earnings 11.5, Price/Sales 1.7 and Price/Book ratio 1.9. Dividend Yield: 3.2%. The company announced to raise its cash dividend by 15.4% from $0.26 to $0.30.
2. Toro (TTC, Financial) is acting within the small tools and accessories industry. The companyhasa market capitalization of $1.7 billion, generates revenues in an amount of $1.9 billion and a net income of $115.9 million. It follows P/E ratio is 15.6 and forward price to earnings 13.8, Price/Sales 0.9 and Price/Book ratio 5.3. Dividend Yield: 1.4%. The company announced to raise its cash dividend by 10.4% from $0.2 to $0.22.
3. Ecolab (ECL, Financial) is acting within the cleaning products industry. The companyhas a market capitalization of $13.0 billion, generates revenues in an amount of $6.5 billion and a net income of $505.1 million. It follows P/E ratio is 26.1 and forward price to earnings 18.6, Price/Sales 2.0 and Price/Book ratio 5.3. Dividend Yield: 1.3%. The company announced to raise its cash dividend by 14.3% from $0.175 to $0.2.
4. Walt Disney (DIS, Financial) is acting within the diversified entertainment industry. The companyhasa market capitalization of $65.8 billion, generates revenues in an amount of $40.9 billion and a net income of $4.8 billion. It follows P/E ratio is 14.5 and forward price to earnings 11.0, Price/Sales 1.6 and Price/Book ratio 1.7. Dividend Yield: 1.1%. The company announced to raise its cash dividend by 50.0% from $0.4 to $0.6.
In total, 12 stocks raised dividends of which 6 have a dividend growth of more than 10%. The average dividend growth amounts to 12.16%. Take a closer look at the full table of the stocks with recent dividend hikes. The average dividend growth amounts to 27.74%. Here are the results: Stock with dividend growth from last week.
