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If you think that market volatility will subside in the near future, you may be very interested in this list.

We ran a screen on dividend stocks seeing rapid growth in their dividend, comparing the current year dividend per share estimate to the trailing-twelve-month dividend. We screened these stocks for those with very negative correlations to VIX, the volatility index (or “fear gauge”) over the last three months.

The VIX index measures the implied volatility of S&P 500 index options, and it increases when market uncertainty takes over. If a stock has negative historical correlation with the VIX, it has tended to perform well when volatility and uncertainty subside.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think market volatility will subside? Use this list as a starting-off point for your own analysis.

List sorted by correlation to VIX.

1. Fulton Financial Corp. (FULT): Operates as a multi-bank holding company that offers retail and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. Market cap of $1.66B. Dividend yield at 2.42%, payout ratio at 22.96%. Current year dividend per share estimate at $0.19 vs. TTM dividend per share at $0.15. Correlation to the VIX index at -0.96. It's been a rough couple of days for the stock, losing 11.15% over the last week.

2. CNOOC Ltd. (CEO): Engages in the exploration, development, production, and sale of crude oil, natural gas, and other petroleum products. Market cap of $81.38B. Dividend yield at 3.56%, payout ratio at 27.61%. Current year dividend per share estimate at $10.66 vs. TTM dividend per share at $5.60. Correlation to the VIX index at -0.96. It's been a rough couple of days for the stock, losing 5.35% over the last week.

3. PNC Financial Services Group Inc. (PNC): Operates as a diversified financial services company. Market cap of $24.21B. Dividend yield at 3.05%, payout ratio at 10.38%. Current year dividend per share estimate at $1.14 vs. TTM dividend per share at $0.65. Correlation to the VIX index at -0.96. It's been a rough couple of days for the stock, losing 6.71% over the last week.

4. SEI Investments Co. (SEIC): Provides investment processing, fund processing, and investment management business outsourcing solutions to corporations, financial institutions, financial advisors, and high-net-worth families. Market cap of $2.90B. Dividend yield at 3.03%, payout ratio at 10.24%. Current year dividend per share estimate at $0.25 vs. TTM dividend per share at $0.13. Correlation to the VIX index at -0.95. It's been a rough couple of days for the stock, losing 6.74% over the last week.

5. The Dow Chemical Company (DOW): Manufactures and supplies products used as raw materials in the production of customer products and services worldwide. Market cap of $30.88B. Dividend yield at 3.84%, payout ratio at 31.29%. Current year dividend per share estimate at $0.87 vs. TTM dividend per share at $0.70. Correlation to the VIX index at -0.95. This is a risky stock that is significantly more volatile than the overall market (beta = 2.29). It's been a rough couple of days for the stock, losing 7.67% over the last week.

6. State Street Corp. (STT): Provides various financial services and products to the institutional investors worldwide. Market cap of $16.42B. Dividend yield at 2.22%, payout ratio at 12.02%. Current year dividend per share estimate at $0.64 vs. TTM dividend per share at $0.38. Correlation to the VIX index at -0.95. It's been a rough couple of days for the stock, losing 7.78% over the last week.

7. JPMorgan Chase & Co. (JPM): Provides various financial services worldwide. Market cap of $130.38B. Dividend yield at 3.0%, payout ratio at 13.26%. Current year dividend per share estimate at $0.97 vs. TTM dividend per share at $0.60. Correlation to the VIX index at -0.95. It's been a rough couple of days for the stock, losing 11.16% over the last week.

8. The Bank of New York Mellon Corporation (BK): Provides various products and services worldwide. Market cap of $24.07B. Dividend yield at 2.67%, payout ratio at 18.68%. Current year dividend per share estimate at $0.51 vs. TTM dividend per share at $0.40. Correlation to the VIX index at -0.94. Might be undervalued at current levels, with a PEG ratio at 0.74, and P/FCF ratio at 5.76. It's been a rough couple of days for the stock, losing 6.38% over the last week.

9. Fifth Third Bancorp (FITB): Operates as a diversified financial services holding company in the United States. Market cap of $8.97B. Dividend yield at 2.47%, payout ratio at 14.65%. Current year dividend per share estimate at $0.24 vs. TTM dividend per share at $0.14. Correlation to the VIX index at -0.94. This is a risky stock that is significantly more volatile than the overall market (beta = 2.25). It's been a rough couple of days for the stock, losing 7.23% over the last week.

10. The Interpublic Group of Companies, Inc. (IPG): Provides advertising and marketing services worldwide. Market cap of $3.63B. Dividend yield at 3.17%, payout ratio at 30.03%. Current year dividend per share estimate at $0.23 vs. TTM dividend per share at $0.18. Correlation to the VIX index at -0.93. It's been a rough couple of days for the stock, losing 12.36% over the last week.

11. Seagate Technology PLC (STX): Designs, manufactures, markets, and sells hard disk drives for the enterprise, client compute, and client non-compute market applications in the United States and internationally. Market cap of $4.45B. Dividend yield at 6.81%, payout ratio at 15.07%. Current year dividend per share estimate at $0.32 vs. TTM dividend per share at $0.18. Correlation to the VIX index at -0.92. Might be undervalued at current levels, with a PEG ratio at 0.88, and P/FCF ratio at 10.56. It's been a rough couple of days for the stock, losing 9.17% over the last week.

12. Titanium Metals Corporation (TIE): Mills, manufactures, and distributes titanium and titanium alloys. Market cap of $2.66B. Dividend yield at 2.01%, payout ratio at 12.92%. Current year dividend per share estimate at $0.15 vs. TTM dividend per share at $0.08. Correlation to the VIX index at -0.92. The stock has lost 21.66% over the last year.

*Dividend data sourced from Screener.co, all other data sourced from Finviz.

Source: 12 Rapid Dividend Growth Stocks Negatively Correlated To VIX