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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 why they have raised dividends. With this thesis in mind, here are eight companies that have announced dividend raises during the past week.

1. Albemarle (ALB) operates within the specialty chemicals industry. The company has a market capitalization of $4.5 billion, generates revenues of $2.6 billion and has a net income of $399.4 million. Its P/E ratio is 11.3 and forward price to earnings is 10.6, Price/Sales is 1.7 and Price/Book ratio is 2.6. Dividend Yield: 1.4 percent. The company announced it would raise its payout by a penny per share to 17.5 cents, an approximate 6 percent increase over the prior dividend.

2. Calumet Specialty Products Partners (CLMT) operates within the oil and gas refining and marketing industry. The company has a market capitalization of $728.6 million, generates revenues of $2.5 billion and has a net income of $26.7 million. Its P/E ratio is 23.3 and forward price to earnings is 11.1, Price/Sales is 0.3 and Price/Book ratio is 2.0. Dividend Yield: 11.0 percent. The company announced it would raise its cash distribution to 50 cents per unit.

3. Enterprise Products Partners (EPD) operates within the independent oil and gas industry. The company has a market capitalization of $37.8 billion, generates revenues of $39.1 billion and a net income of $1.1 billion. Its P/E ratio is 27.5 and forward price to earnings is 19.8, Price/Sales is 1.0 and Price/Book ratio is 3.3. Dividend Yield: 5.6 percent. The firm announced it would increase its quarterly distribution by 5 percent to 61.25 cents per unit.

4. Fastenal (FAST) operates within the general building materials industry. The company has a market capitalization of $9.9 billion, generates revenues of $2.5 billion and has a net income of $313.8 million. Its P/E ratio is 31.5 and forward price to earnings is 23.0, Price/Sales is 3.9 and Price/Book ratio is 7.3. Dividend Yield: 1.6 percent. The company is upping its quarterly payout by a penny per share to 14 cents.

5. Genesis Energy (GEL) operates within the oil and gas pipelines industry. The company has a market capitalization of $1.0 billion, generates revenues iof $2.6 billion and has a net income of $30.1 million. Its P/E ratio is 49.1 and forward price to earnings ratio is 19.4, Price/Sales is 0.4 and Price/Book ratio is 2.6. Dividend Yield: 6.5 percent. The company boosted its quarterly distribution by 10.3 percent to 42.75 cents per common unit.

6. Paychex (PAYX) operates within the staffing and outsourcing services industry. The company has a market capitalization of $10.3 billion, generates revenues of $2.1 billion and has a net income of $532.3 million. Its P/E ratio is 19.4 and forward price to earnings is 17.5, Price/Sales is 4.9 and Price/Book ratio is 6.7. Dividend Yield: 4.4 percent. The company upped its quarterly payout by a penny per share to 32 cents.

7. Plains All American Pipeline (PAA) operates within the oil and gas pipeline industry. The company has a market capitalization of $9.2 billion, generates revenuesof $30.2 billion and has a net income of $431.0 million. Its P/E ratio is 20.6 and forward price to earnings is 15.5, Price/Sales is 0.3 and Price/Book ratio is 1.8. Dividend Yield: 6.4 percent. The company announced a cash distribution of 99.5 cents per unit, an increase of 4.7 percent over the prior year’s payout.

8. Western Gas Partners (WES) operates within the oil and gas pipeline industry. The company has a market capitalization of $3.2 billion, generates revenues of $547.1 million and has a net income of $130.2 million. Its P/E ratio is 20.8 and forward price to earnings is 18.9, Price/Sales is 5.9 and Price/Book ratio is 2.4. Dividend Yield: 4.5 percent. The company raised its cash distribution by 14% to 42 cents per unit.

Source: 8 Stocks With Rising Dividends