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Companies that generate excess cash flows are more likely to maintain and increase their dividends. If you look for dividends, you also have to look at the dividend growth. If a company has a stable business and solid financials, they can consider increasing their dividend payments. Popular dividend growth stocks like Procter and Gamble (PG) or Coca Cola (KO) have raised dividends every 4 quarter by 5-10 percent over decades. Dividend growth represents a huge part of the company’s long-term growth. I screened stocks with recent dividend hikes from last week. These are five stocks that have doubled their dividends or more:

1. Consolidated Tomoka Land (CTO) is acting within the real estate development industry. The company has a market capitalization of $159.6 million, generates revenues in an amount of $14.9 million and a net loss of $0.03 million. It follows P/E ratio is not calculable, Price/Sales 10.7 and Price/Book ratio 1.4. Dividend Yield: 0.3 percent. The company announced that it will raise its quarterly dividend by 100 percent to 2 cents per share.

2. MI Developments (MIM) is acting within the property management industry. The company has a market capitalization of $1.5 billion, generates revenues in an amount of $291.9 million and a net loss of $38.7 million. It follows P/E ratio is not calculable, Price/Sales 5.1 and Price/Book ratio 1.5. Dividend Yield: 6.3 percent. The company announced that it will raise its quarterly dividend by 400 percent to 50 cents per share.

3. National Penn Bancshares (NPBC) is acting within the regional north east banks industry. The company has a market capitalization of $1.1 billion, generates revenues in an amount of $356.9 million and a net income of $70.3 million. It follows P/E ratio is 16.0 and forward price to earnings 13.0, Price/Sales 3.2 and Price/Book ratio 1.0. Dividend Yield: 2.1 percent. The company announced that it will raise its quarterly dividend by 300 percent to 4 cents per share.

4. RadioShack (RSH) is acting within the electronics stores industry. The company has a market capitalization of $1.2 billion, generates revenues in an amount of $4.3 billion and a net income of $108.3 million. It follows P/E ratio is 12.1 and forward price to earnings 8.2, Price/Sales 0.3 and Price/Book ratio 1.5. Dividend Yield: 4.2 percent. The company announced that it will raise its quarterly dividend by 100 percent to 50 cents per share.

5. Valero Energy (VLO) is acting within the oil and gas refining and marketing industry. The company has a market capitalization of $13.9 billion, generates revenues in an amount of $100.8 billion and a net income of $1.3 billion. It follows P/E ratio is 10.4 and forward price to earnings 5.7, Price/Sales 0.1 and Price/Book ratio 0.9. Dividend Yield: 0.8 percent. The company announced that it will raise its quarterly dividend by 200 percent to 15 cents per share.

Take a closer look at stocks with dividend growth form last week. The average dividend growth amounts to 35.9 percent.



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

Source: 5 Companies That Have Doubled Their Stock Dividends