6 Stocks That Recently Announced Double Digit Dividend Growth

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Includes: ABC, AYR, CRWS, LNC, MRK, PRU
by: Dividend Screen

Companies with a stable business and solid financials can consider an adequate increase in dividend payments without threatening the operating business and long-term growth perspectives. If you look at dividends, you also have to look at the rate of dividend growth. The dividend growth should represent a big part of the company’s long-term growth. Good running stocks increase their dividends but better running stocks boost dividends.

However, I screened stocks with recent dividend hikes form last week. There are six stocks that have announced that it will raise dividends by more than 10 percent. These are the results sorted by dividend yield:

1. Merck & Co. (NYSE:MRK) is acting within the major drug manufacturing industry. The company has a market capitalization of $110.8 billion, generates revenues in an amount of $47.9 billion and a net income of $4.5 billion. Its P/E ratio is 24.6; its price/sales is 2.3 and its price/book ratio is 2.0. Dividend Yield: 4.2 percent. The company announced that it will raise its quarterly dividend by 10.5 percent to 42 cents per share.

2. Aircastle (NYSE:AYR) is acting within the rental and leasing services industry. The company has a market capitalization of $904.3 million, generates revenues in an amount of $573.7 million and a net income of $93.6 million. Its P/E ratio is 10.1; its price/sales is 1.6 and its price/book ratio is 0.7. Dividend Yield: 4.1 percent. The company announced that it will raise its quarterly dividend by 20 percent to 15 cents per share.

3. Crown Crafts (NASDAQ:CRWS) is acting within the apparel clothing industry. The company has a market capitalization of $35.4 million, generates revenues in an amount of $90.3 million and a net income of $4.2 million. Its P/E ratio is 8.5 and its forward price to earnings is 6.3; its price/sales is 0.4 and its price/book ratio is 1.1. Dividend Yield: 3.3 percent. The company announced that it will raise its quarterly dividend by 33.3 percent to 4 cents per share.

4. Prudential Financial (NYSE:PRU) is acting within the life insurance industry. The company has a market capitalization of $26.3 billion, generates revenues in an amount of $40.5 billion and a net income of $2.8 billion. Its P/E ratio is 9.5 and its forward price to earnings is 7.4; its price/sales is 0.7 and its price/book ratio is 0.8. Dividend Yield: 2.1 percent. The company announced that it will raise its annual dividend by 26.1 percent to $1.45 per share.

5. AmerisourceBergen (NYSE:ABC) is acting within the drugs wholesale industry. The company has a market capitalization of $10.7 billion, generates revenues in an amount of $80.2 billion and a net income of $706.6 million. Its P/E ratio is 15.6 and its forward price to earnings is 12.5; its price/sales is 0.1 and its price/book ratio is 3.7. Dividend Yield: 1.2 percent. The company announced that it will raise its quarterly dividend by 13 percent to 13 cents per share.

6. Lincoln National (NYSE:LNC) is acting within the life insurance industry. The company has a market capitalization of $6.1 billion, generates revenues in an amount of $10.7 billion and a net income of $1.0 billion. Its P/E ratio is 6.4 and its forward price to earnings is 5.1; its price/sales is 0.6 and its price/book ratio is 0.4. Dividend Yield: 1.0 percent. The company announced that it will raise its quarterly dividend by 60 percent to 8 cents per share.

Take a closer look at the full table of stocks with dividend growth form last week. The average dividend growth amounts to 14.4 percent.

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

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