13 Stocks With Recent Dividend Hikes

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Includes: B, BRO, CMLP, CTAS, EV, JBL, KMP, MATW, MMP, MWE, SCL, V, WSO
by: Dividend Screen

In economic difficult times, it makes sense to scout for investment opportunities with robust business models and sustainable dividends. Despite the uncertainty, many companies running well and still confident about the economic future. That’s the reason why they have raised dividends. With this thesis in mind, here are 13 stocks which have raised dividends within the last week.

1. Barnes Group (NYSE:B) is acting within the industrial equipment and components industry. The company has a market capitalization of $1.3 billion, generates revenues in an amount of $1.2 billion and a net income of $68.0 million. Its following P/E ratio is 18.5 and forward price to earnings 13.1, Price/Sales 1.0 and Price/Book ratio 1.6. Dividend Yield: 1.4 percent. The company planned a flight for its quarterly dividend, increasing its payout by 25 percent to 10 cents per share.

2. Brown & Brown (NYSE:BRO) is acting within the insurance brokers industry. The company has a market capitalization of $3.1 billion, generates revenues in an amount of $986.6 million and a net income of $154.8 million. Its following P/E ratio is 19.4 and forward price to earnings 17.3, Price/Sales 3.1 and Price/Book ratio 2.0. Dividend Yield: 1.5 percent. The company announced to raise its quarterly dividend 6.25 percent to 8.5 cents per share.

3. Cintas (NASDAQ:CTAS) is acting within the apparel stores industry. The company has a market capitalization of $3.8 billion, generates revenues in an amount of $3.9 billion and a net income of $253.1 million. Its following P/E ratio is 16.5 and forward price to earnings 13.0, Price/Sales 1.0 and Price/Book ratio 1.8. Dividend Yield: 1.7 percent. The firm announced to increase its annual dividend by 10.2 percent to 54 cents per share.

4. Crestwood Midstream Partners L.P. (NYSE:CMLP) is acting within the oil and gas drilling and exploration industry. The company has a market capitalization of $1.1 billion, generates revenues in an amount of $149.6 million and a net income of $34.2 million. Its following P/E ratio is 26.6 and forward price to earnings 17.6, Price/Sales 7.3 and Price/Book ratio 2.4. Dividend Yield: 6.6 percent. The company raised its quarterly distribution to shareholders by 14.3 percent to 48 cents per share.

5. Eaton Vance (NYSE:EV) is acting within the asset management industry. The company has a market capitalization of $2.9 billion, generates revenues in an amount of $1.3 billion and a net income of $214.0 million. Its following P/E ratio is 13.9 and forward price to earnings ratio 13.4, Price/Sales 2.3 and Price/Book ratio 5.9. Dividend Yield: 2.9 percent. The company announced to upping its quarterly payout by 5.6 percent to 19 cents per share.

6. Jabil Circuit (NYSE:JBL) is acting within the printed circuit boards industry. The company has a market capitalization of $4.4 billion, generates revenues in an amount of $16.5 billion and a net income of $381.1 million. Its following P/E ratio is 11.5 and forward price to earnings 6.9, Price/Sales 0.3 and Price/Book ratio 2.3. Dividend Yield: 1.4 percent. The company turned up the juice on its quarterly dividend, increasing the voltage on its payout by 14 percent to 8 cents per share.

7. Kinder Morgan Energy Partners L.P. (NYSE:KMP) is acting within the oil and gas pipelines industry. The company has a market capitalization of $25.2 billion, generates revenues in an amount of $8.0 billion and a net income of $182.1 million. Its following P/E ratio is 131.9 and forward price to earnings 33.1, Price/Sales 3.2 and Price/Book ratio 3.3. Dividend Yield: 6.0 percent. The company increased its quarterly cash distribution by 5 percent to $1.16 per common unit.

8. Magellan Midstream Partners L.P. (NYSE:MMP) is acting within the oil and gas pipelines industry. The company has a market capitalization of $7.1 billion, generates revenues in an amount of $1.6 billion and a net income of $338.1 million. Its following P/E ratio is 21.0 and forward price to earnings 17.8, Price/Sales 4.4 and Price/Book ratio 4.9. Dividend Yield: 5.0 percent. The company upped its quarterly cash distribution by 7 percent to 80 cents per unit.

9. Markwest Energy Partners, L.P. (NYSE:MWE) is acting within the oil and gas drilling and exploration industry. The company has a market capitalization of $4.0 billion, generates revenues in an amount of $1.2 billion and a net loss of $88.4 million. Its following P/E ratio is not calculable and forward price to earnings ratio amounts to 23.2, Price/Sales 3.3 and Price/Book ratio 3.3. Dividend Yield: 5.9 percent. The company sent a higher payout to shareholders, upping its distribution 14 percent to 73 cents per unit.

10. Matthews International Corp. (NASDAQ:MATW) is acting within the metal fabrication industry. The company has a market capitalization of $1.0 billion, generates revenues in an amount of $873.7 million and a net income of $70.4 million. Its following P/E ratio is 14.4 and forward price to earnings 12.8, Price/Sales 1.2 and Price/Book ratio 2.0. Dividend Yield: 0.9 percent. The company announced a higher dividend into its quarterly headstone, upping its payout 12.5 percent to 9 cents per share.

11. Stepan Co. (NYSE:SCL) is acting within the cleaning products industry. The company has a market capitalization of $760.5 million, generates revenues in an amount of $1.6 billion and a net income of $66.6 million. Its following P/E ratio is 12.4 and forward price to earnings 10.0, Price/Sales 0.5 and Price/Book ratio 1.9. Dividend Yield: 1.4 percent. The company mixed up a shiny new dividend for the next quarter, upping its payout 7.7 percent to 28 cents per share.

12. Watsco (NYSE:WSO) is acting within the electronic wholesale industry. The company has a market capitalization of $1.9 billion, generates revenues in an amount of $2.9 billion and a net income of $80.2 million. Its following P/E ratio is 22.0 and forward price to earnings 17.1, Price/Sales 0.7 and Price/Book ratio 2.4. Dividend Yield: 4.0 percent. The company turned up the thermostat on its quarterly dividend, upping its payout 9 percent to 62 cents per share.

13. Visa (NYSE:V) is acting within the business services industry. The company has a market capitalization of $76.3 billion, generates revenues in an amount of $8.9 billion and a net income of $3.5 billion. Its following P/E ratio is 21.9 and forward price to earnings 16.4, Price/Sales 8.6 and Price/Book ratio 2.9. Dividend Yield: 0.6 percent. The company announced to increase its quarterly dividend a hefty 47 percent to 22 cents per share.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.