11 Stocks That Recently Raised Their Dividend

|
 |  Includes: ACE, ADI, DPS, FLO, KEY, MANT, SPTN, TIF, VIA, WRB, XEL
by: Robert Weinstein

Outside of a buyout, an increased dividend payment represents one of the best pieces of news a company’s shareholders could hope for. Generally, an increasing dividend means a steady stream of income and a rising stock price – two good signs for long-term investors. A stock often remains a good buy after announcing a dividend increase. When a company raises its dividend, just a when insiders buy their company’s stock, investors on the outside can get a better gauge on a firm’s future prospects. The following companies have recently raised their dividend. Unless otherwise noted, they merit your attention as potential long-term investments.

Dr Pepper Snapple Group, Inc. (NYSE:DPS) is a $9.17 billion market cap company. The Quick Ratio for DPS is 0.8 (the higher the better).

click on all charts to enlarge

DPS reported $0.51 per share in earnings for the quarter ending 3/31/2011. The next reporting quarter estimated mean earnings are $0.78 per share. Analyst estimates range between $0.75 and $0.82 per share. The current trailing twelve months (ttm) P/E ratio is 17.753 and the forward P/E ratio is 13.79. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. DPS has a price to book ratio (ttm) of 3.47 and a price to sales ratio of 1.51. The annual growth rate of the revenue is 0.019%. While the revenue is growing it is not at a very fast pace suggesting possible headwinds. The last fiscal year had accounts receivable to sales percentage of 0.1013% compared to the same period a year earlier of 0.1034%. For the trailing twelve months the yield is 2.69%. Based on the current price at the time of this writing and the current increased payout of $0.32, DPS now has a yield of 3.09%

Click to enlarge

Beyond the aforementioned numbers, DPS has rising revenue year-over-year (yoy) of $5.64 billion for 2010 vs. $5.53 billion for 2009. DPS bottom line has falling earnings year-over-year (yoy) of $528 million for 2010 vs. $555 million for 2009, and falling EBIT year-over-year (yoy) of $1.03 billion for 2010 vs. $1.09 billion for 2009. When profits are not moving in the same direction as revenue, I normally let revenue be my guide. The bottom line is easier to 'Adjust' than the top line. Be sure to keep an eye on margins.

In the last month DPS has moved higher in price 3.44%, with a one year ago impressive move higher of 11.67%. Comparing to the S&P500 price change, DPS's performance is better than the overall market by 6.2% vs. the S&P 500 from a month ago, and the one year difference is -9.17% vs. S&P 500 price change.

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. Based on my criteria, I have come to the following conclusion: This one is worth the time to investigate further for an ideal entry price to either write put options or buy the stock. Of course that in itself does not mean you should, but you may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Goggle Finance, MSN Money, cnbc.com, Zacks and Yahoo Finance for most of my data and may or may not double check it with the SEC filings.

Xcel Energy Inc (NYSE:XEL) is a $11.95 billion market cap company. The Quick Ratio for XEL is 0.86 (the higher the better).

The company was founded in 1909 and is based in Minneapolis, Minnesota. XEL reported $0.42 per share in earnings for the quarter ending 3/31/2011. The next reporting quarter estimated mean earnings are $0.32 per share. Analyst estimates range between $0.31 and $0.33 per share. The current trailing twelve months (ttm) P/E ratio is 14.693 and the forward P/E ratio is 13.64. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. XEL has a price to book ratio (ttm) of 1.33 and a price to sales ratio of 1.06. The annual growth rate of revenue is 0.0691%. While the revenue is growing it is not at a very fast pace suggesting possible headwinds. The last fiscal year had accounts receivable to sales percentage of 0.1384% compared to the same period a year earlier of 0.1476%. For the trailing twelve months the yield is 4.19%. Based on the current price at the time of this writing and the current increased payout of $0.26, XEL now has a yield of 4.21%

Click to enlarge

Beyond the aforementioned numbers, XEL has falling revenue year-over-year (yoy) of $10.31 billion for 2010 vs. $9.64 billion for 2009. XEL bottom line has rising earnings year-over-year (yoy) of $751.59 million for 2010 vs. $676.65 million for 2009, and rising EBIT year-over-year (yoy) of $1.62 billion for 2010 vs. $1.47 billion for 2009. When profits are not moving in the same direction as revenue, I normally let revenue be my guide. The bottom line is easier to 'Adjust' than the top line. Be sure to keep an eye on margins.

In the last month XEL has moved higher in price 1.86%, with a one year ago impressive move higher of 21.63%. Comparing to the S&P500 price change, XEL's performance is better than the overall market by 4.58% vs. the S&P 500 from a month ago, and the one year difference is -1.07% vs. S&P 500 price change.

ACE Ltd (NYSE:ACE) is a $22.82 billion market cap company. The Quick Ratio for ACE is 0 (the higher the better).

The company was founded in 1985 and is headquartered in Zurich, Switzerland. ACE reported $0.77 per share in earnings for the quarter ending 3/31/2011. The next reporting quarter estimated mean earnings are $1.88 per share. Analyst estimates range between $1.67 and $2.06 per share. The current trailing twelve months (ttm) P/E ratio is 8.864 and the forward P/E ratio is 9.18. A rising P/E ratio is usually not what we want to see for an investment. ACE has a price to book ratio (ttm) of 0.92 and a price to sales ratio of 1.33. The annual growth rate of revenue is 0.0618%. While the revenue is growing it is not at a very fast pace suggesting possible headwinds. For the trailing twelve months the yield is 2%. Based on the current price at the time of this writing and the current increased payout of $0.35, ACE now has a yield of 2.07%

Beyond the aforementioned numbers, ACE has rising revenue year-over-year (yoy) of $16.01 billion for 2010 vs. $15.08 billion for 2009. ACE bottom line has rising earnings year-over-year (yoy) of $3.11 billion for 2010 vs. $2.55 billion for 2009, and rising EBIT year-over-year (yoy) of $3.67 billion for 2010 vs. $3.08 billion for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.

In the last month ACE has moved higher in price 2.16%, with a one year ago impressive move higher of 38.82%. Comparing to the S&P500 price change, ACE's performance is better than the overall market by 4.89% vs. the S&P 500 from a month ago, and the one year difference is 12.91% vs. S&P 500 price change.

Spartan Stores Inc (NASDAQ:SPTN) is a $378.97 million market cap company. The Quick Ratio for SPTN is 0.66 (the higher the better).

The company was founded in 1917 and is based in Grand Rapids, Michigan. SPTN reported $0.34 per share in earnings for the quarter ending 3/26/2011. The next reporting quarter estimated mean earnings are $0.31 per share. Analyst estimates range between $0.29 and $0.35 per share. The current trailing twelve months (ttm) P/E ratio is 12.127 and the forward P/E ratio is 11.04. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. SPTN has a price to book ratio (ttm) of 1.12 and a price to sales ratio of 0.14. The annual growth rate of revenue is -0.0074%. With revenue falling year-over-year, management may want to do a better job executing the business plan. The last fiscal year had accounts receivable to sales percentage of 0.0222% compared to the same period a year earlier of 0.0214%. For the trailing twelve months the yield is 1.32%. Based on the current price at the time of this writing and the current increased payout of $0.065, SPTN now has a yield of 1.51%
Click to enlarge

Beyond the aforementioned numbers, SPTN has falling revenue year-over-year (yoy) of $2.53 billion for 2010 vs. $2.55 billion for 2009. SPTN bottom line has rising earnings year-over-year (yoy) of $32.31 million for 2010 vs. $25.56 million for 2009, and rising EBIT year-over-year (yoy) of $67.97 million for 2010 vs. $58.66 million for 2009. When profits are not moving in the same direction as revenue, I normally let revenue be my guide. The bottom line is easier to 'Adjust' than the top line. Be sure to keep an eye on margins.

In the last month SPTN has moved higher in price 4.73%, with a one year ago change of 6.49%. Comparing to the S&P500 price change, SPTN's performance is better than the overall market by 3.96% vs. the S&P 500 from a month ago, and the one year difference is 6.64% vs. S&P 500 price change.

Analog Devices Inc (NYSE:ADI) is a $11.97 billion market cap company. The Quick Ratio for ADI is 4.98 (the higher the better).

Analog Devices, Inc. was founded in 1965 and is headquartered in Norwood, Massachusetts. ADI reported $0.81 per share in earnings for the quarter ending 4/30/2011. The next reporting quarter estimated mean earnings are $0.74 per share. Analyst estimates range between $0.72 and $0.79 per share. The current trailing twelve months (ttm) P/E ratio is 14.017 and the forward P/E ratio is 13.15. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. ADI has a price to book ratio (ttm) of 3.22 and a price to sales ratio of 3.73. The annual growth rate of revenue is 0.3705%. While the revenue is growing it is not at a very fast pace suggesting possible headwinds. The last fiscal year had accounts receivable to sales percentage of 0.1402% compared to the same period a year earlier of 0.1494%. For the trailing twelve months the yield is 2.18%. Based on the current price at the time of this writing and the current increased payout of $0.25, ADI now has a yield of 2.48%
Click to enlarge

Beyond the aforementioned numbers, ADI has rising revenue year-over-year (yoy) of $2.76 billion for 2010 vs. $2.01 billion for 2009. ADI bottom line has rising earnings year-over-year (yoy) of $712.08 million for 2010 vs. $247.77 million for 2009, and rising EBIT year-over-year (yoy) of $900.07 million for 2010 vs. $284.82 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.

In the last month ADI has moved lower in price -1.45%, with a one year ago impressive move higher of 39.38%. Comparing to the S&P500 price change, ADI's performance is better than the overall market by 1.18% vs. the S&P 500 from a month ago, and the one year difference is 13.36% vs. S&P 500 price change.

Berkley W R Corp (NYSE:WRB) is a $4.55 billion market cap company. The Quick Ratio for WRB is 0 (the higher the better).

The company was founded in 1967 and is based in Greenwich, Connecticut. WRB reported $0.83 per share in earnings for the quarter ending 3/31/2011. The next reporting quarter estimated mean earnings are $0.63 per share. Analyst estimates range between $0.53 and $0.75 per share. The current trailing twelve months (ttm) P/E ratio is 10.959 and the forward P/E ratio is 12.39. A rising P/E ratio is usually not what we want to see for an investment. WRB has a price to book ratio (ttm) of 1.15 and a price to sales ratio of 0.9. The annual growth rate of revenue is 0.0661%. While the revenue is growing it is not at a very fast pace suggesting possible headwinds. The last fiscal year had accounts receivable to sales percentage of 0% compared to the same period a year earlier of 0%. For the trailing twelve months the yield is 0.85%. Based on the current price at the time of this writing and the current increased payout of $0.32, WRB now has a yield of 3.96%

Beyond the aforementioned numbers, WRB has rising revenue year-over-year (yoy) of $4.72 billion for 2010 vs. $4.43 billion for 2009. WRB bottom line has rising earnings year-over-year (yoy) of $449.29 million for 2010 vs. $309.06 million for 2009, and rising EBIT year-over-year (yoy) of $603.31 million for 2010 vs. $382.23 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.

In the last month WRB has moved higher in price 0.44%, with a one year ago impressive move higher of 20.97%. Comparing to the S&P500 price change, WRB's performance is better than the overall market by 3.12% vs. the S&P 500 from a month ago, and the one year difference is -1.61% vs. S&P 500 price change.

ManTech International Corp (NASDAQ:MANT) is a $1.62 billion market cap company. The Quick Ratio for MANT is 1.81 (the higher the better). MANT recently started a dividend program and plans to pay twice a year.


The company was founded in 1968 and is headquartered in Fairfax, Virginia. MANT reported $0.87 per share in earnings for the quarter ending 3/31/2011. The next reporting quarter estimated mean earnings are $0.96 per share. Analyst estimates range between $0.88 and $1 per share. The current trailing twelve months (ttm) P/E ratio is 12.497 and the forward P/E ratio is 11.34. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. MANT has a price to book ratio (ttm) of 0.99 and a price to sales ratio of 0.37. The annual growth rate of revenue is 0.2889%. While the revenue is growing it is not at a very fast pace suggesting possible headwinds. The last fiscal year had accounts receivable to sales percentage of 0.2031% compared to the same period a year earlier of 0.1976%. Based on the current price at the time of this writing and the current increased payout of $0.42, MANT now has a yield of 1.9%

Click to enlarge

Beyond the aforementioned numbers, MANT has rising revenue year-over-year (yoy) of $2.6 billion for 2010 vs. $2.02 billion for 2009. MANT bottom line has rising earnings year-over-year (yoy) of $125.1 million for 2010 vs. $111.76 million for 2009, and rising EBIT year-over-year (yoy) of $215.14 million for 2010 vs. $179.08 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.

In the last month MANT has moved higher in price 9.48%, with a one year ago impressive move higher of 12.62%. Comparing to the S&P500 price change, MANT's performance is better than the overall market by 18.92% vs. the S&P 500 from a month ago, and the one year difference is 24.9% vs. S&P 500 price change.

Viacom Inc. (NYSE:VIA) is a $29.73 billion market cap company. The Quick Ratio for VIA is 0.98 (the higher the better).

Viacom Inc. is headquartered in New York, New York. VIA reported $ per share in earnings for the quarter ending . The next reporting quarter estimated mean earnings are $ per share. Analyst estimates range between $ and $ per share. The current trailing twelve months (ttm) P/E ratio is 0 and the forward P/E ratio is 22.61. A rising P/E ratio is usually not what we want to see for an investment. VIA has a price to book ratio (ttm) of 2.2 and a price to sales ratio of 1.45. The annual growth rate of revenue is -0.0495%. With revenue falling year-over-year, management may want to do a better job executing the business plan. The last fiscal year had accounts receivable to sales percentage of 0.2169% compared to the same period a year earlier of 0.1628%. For the trailing twelve months the yield is 2%. Based on the current price at the time of this writing and the current increased payout of $0.25, VIA now has a yield of 1.68%. Usually after a dividend increase, the yield earned by investors is higher. In the case of VIA, the price of the stock is increasing at a faster rate than the dividend.

Beyond the aforementioned numbers, VIA has falling revenue year-over-year (yoy) of $13.26 billion for 2010 vs. $13.95 billion for 2009. VIA bottom line has rising earnings year-over-year (yoy) of $1.61 billion for 2010 vs. $1.25 billion for 2009, and rising EBIT year-over-year (yoy) of $3.05 billion for 2010 vs. $2.56 billion for 2009. When profits are not moving in the same direction as revenue, I normally let revenue be my guide. The bottom line is easier to 'Adjust' than the top line. Be sure to keep an eye on margins.

In the last month VIA has moved higher in price 2.25%, with a one year ago impressive move higher of 55.03%. Comparing to the S&P500 price change, VIA's performance is better than the overall market by 4.98% vs. the S&P 500 from a month ago, and the one year difference is 26.09% vs. S&P 500 price change.

Flowers Foods Inc (NYSE:FLO) is a $2.94 billion market cap company. The Quick Ratio for FLO is 1.04 (the higher the better). Along with raising the dividend amount the company also split the stock three-for-two.

The company was founded in 1934 and is headquartered in Thomasville, Georgia. FLO reported $0.46 per share in earnings for the quarter ending 4/23/2011. The next reporting quarter estimated mean earnings are $0.39 per share. Analyst estimates range between $0.37 and $0.4 per share. The current trailing twelve months (ttm) P/E ratio is 21.873 and the forward P/E ratio is 18.54. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. FLO has a price to book ratio (ttm) of 3.11 and a price to sales ratio of 0.96. The annual growth rate of revenue is -0.0104%. With revenue falling year-over-year, management may want to do a better job executing the business plan. The last fiscal year had accounts receivable to sales percentage of 0.0646% compared to the same period a year earlier of 0.0687%. For the trailing twelve months the yield is 2.46%. Based on the current price at the time of this writing and the current increased payout of $0.15, FLO now has a yield of 1.83%. Usually after a dividend increase, the yield earned by investors is higher. In the case of FLO, the price of the stock is increasing at a faster rate than the dividend.
Click to enlarge

Beyond the aforementioned numbers, FLO has falling revenue year-over-year (yoy) of $2.57 billion for 2010 vs. $2.6 billion for 2009. FLO bottom line has rising earnings year-over-year (yoy) of $137.05 million for 2010 vs. $130.3 million for 2009, and falling EBIT year-over-year (yoy) of $205.86 million for 2010 vs. $206.33 million for 2009. When profits are not moving in the same direction as revenue, I normally let revenue be my guide. The bottom line is easier to 'Adjust' than the top line. Be sure to keep an eye on margins.

In the last month FLO has moved higher in price 7.04%, with a one year ago impressive move higher of 26.13%. Comparing to the S&P500 price change, FLO's performance is better than the overall market by 9.9% vs. the S&P 500 from a month ago, and the one year difference is 2.59% vs. S&P 500 price change.

KeyCorp (NYSE:KEY) is a $7.93 billion market cap company. The company was founded in 1849 and is headquartered in Cleveland, Ohio.

KEY reported $0.2 per share in earnings for the quarter ending 3/31/2011. The next reporting quarter estimated mean earnings are $0.2 per share. Analyst estimates range between $0.15 and $0.25 per share. The current trailing twelve months (ttm) P/E ratio is 11.189 and the forward P/E ratio is 10.75. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. KEY has a price to book ratio (ttm) of 0.7 and a price to sales ratio of 2.03. The annual growth rate of revenue is 2.047%. With revenue increasing nicely, it appears that management is executing well. For the trailing twelve months the yield is 1.44%. Based on the current price at the time of this writing and the current increased payout of $0.03, KEY now has a yield of 1.45%.

Beyond the aforementioned numbers, KEY has rising revenue year-over-year (yoy) of $3.83 billion for 2010 vs. $1.26 billion for 2009. KEY bottom line has rising earnings year-over-year (yoy) of $390 million for 2010 vs. $-1.63 billion for 2009, and falling EBIT year-over-year (yoy) of $0 million for 2010 vs. $0 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.

In the last month KEY has moved lower in price -3.58%, with a one year ago change of 7.06%. Comparing to the S&P500 price change, KEY's performance is is not currently keeping up with the overall market by -1.01% vs. the S&P 500 from a month ago, and the one year difference is -12.92% vs. S&P 500 price change.

Tiffany & Co (NYSE:TIF) is a $8.93 billion market cap company. The Quick Ratio for TIF is 2.21 (the higher the better).

The company was founded in 1837 and is based in New York, New York. TIF reported $0.64 per share in earnings for the quarter ending 4/30/2011. The next reporting quarter estimated mean earnings are $0 per share. Analyst estimates range between $0 and $0 per share. The current trailing twelve months (ttm) P/E ratio is 25.383 and the forward P/E ratio is 19.88. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. TIF has a price to book ratio (ttm) of 3.43 and a price to sales ratio of 2.42. The annual growth rate of revenue is 0.1386%. While the revenue is growing it is not at a very fast pace suggesting possible headwinds. The last fiscal year had accounts receivable to sales percentage of 0.0603% compared to the same period a year earlier of 0.0586%. For the trailing twelve months the yield is 1.66%. Based on the current price at the time of this writing and the current increased payout of $0.29, TIF now has a yield of 1.52%. Usually after a dividend increase, the yield earned by investors is higher. In the case of TIF, the price of the stock is increasing at a faster rate than the dividend.


Click to enlarge

Beyond the aforementioned numbers, TIF has rising revenue year-over-year (yoy) of $3.09 billion for 2010 vs. $2.71 billion for 2009. TIF bottom line has rising earnings year-over-year (yoy) of $368.4 million for 2010 vs. $264.82 million for 2009, and rising EBIT year-over-year (yoy) of $594.78 million for 2010 vs. $440.49 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.

In the last month TIF has moved higher in price 1.88%, with a one year ago impressive move higher of 64.41%. Comparing to the S&P500 price change, TIF's performance is better than the overall market by 4.6% vs. the S&P 500 from a month ago, and the one year difference is 33.72% vs. S&P 500 price change.

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. Based on my criteria, I have come to the following conclusion: This one is worth the time to investigate further for an ideal entry price to either write put options or buy the stock. Of course that in itself does not mean you should, but you may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Goggle Finance, MSN Money, cnbc.com, Zacks and Yahoo Finance for most of my data and may or may not double check it with the SEC filings.

Disclosure: I am short TIF.