Hopes and fears about a European bail out are dominating the markets right now. The capital markets are more volatile and the conviction of an economic slowdown has been established. In such 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 they are still confident about the economic future. That’s the reason why they have raised dividends. I observed stocks which have announced higher dividends within the recent week. Here are my favorites:
- Accenture (NYSE:ACN) is acting within the management services industry. The company has a market capitalization of $37.3 billion, generates revenues in an amount of $26.0 billion and a net income of $2.1 billion. It follows P/E ratio is 16.7 and forward price to earnings 14.0, Price/sales is 1.4 and price/book ratio 9.9. Dividend yield: 1.7%. The company announced to raise its semi-annual cash dividend by 50% to 67.5 cents per share.
- CLARCOR (NYSE:CLC) is acting within the diversified machinery industry. The company has a market capitalization of $2.1 billion, generates revenues in an amount of $1.1 billion and a net income of $115.8 million. It follows P/E ratio is 18.3 and forward price to earnings 15.6, price/sales 1.9 and price/book ratio 2.5. Dividend yield: 1.0%. The company announced to increase its payout by 14% to 12 cents per share from 10.5 cents.
- Comtech Telecommunications (NASDAQ:CMTL) is acting within the communications equipment industry. The company has a market capitalization of $731.5 million, generates revenues in an amount of $729.0 million and a net income of $69.5 million. It follows P/E ratio is 12.7 and forward price to earnings 26.0, price/sales 1.0 and price/book ratio 1.1. Dividend yield: 3.6%. The company announced to raise its annual targeted dividend by 10%, to $1.10 per share from $1 per share.
As you see, there are still companies with rising dividends. Also take a look at the list of 20 stocks with fastest dividend growth from last month. There are 20 stocks with an average dividend-yield of 3.12%. The average dividend growth is 19.95%.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.