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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 have a good ongoing business operation and they are still confident about the economic future. That's the reason why they have raised dividends. Last week, 9 stocks and funds raised dividends of which 4 have a dividend growth of more than 10 percent. The average dividend growth amounts to 12.56 percent. However, I screened the recent dividend growth stocks by real bargains, measured by a forward P/E ratio of less than 15. These are the detailed results:

1. Triangle Capital (TCAP) has a market capitalization of $544.72 million. The company generates revenues of $63.36 million and has a net income of $56.77 million. The firm's earnings before interest, taxes, depreciation and amortization amounts to $41.31 million. Because of these figures, the EBITDA margin is 65.20% (operating margin 63.66% and the net profit margin finally 89.60%).

The total debt representing 41.02% of the company's assets and the total debt in relation to the equity amounts to 71.57%. Last fiscal year, a return on equity of 22.06% was realized. Twelve trailing months earnings per share reached a value of $2.70. Last fiscal year, the company paid $1.77 in form of dividends to shareholders. The company announced a dividend hike of 6.4%.

Here are the price ratios of the company: The P/E ratio is 7.39, forward P/E 9.25, Price/Sales 8.60 and Price/Book ratio 1.36. Dividend Yield: 10.01%. The beta ratio is 0.51.

2. Golar LNG (GLNG) has a market capitalization of $2.73 billion. The company generates revenues of $299.85 million and has a net income of $70.18 million. The firm's earnings before interest, taxes, depreciation and amortization amounts to $197.37 million. Because of these figures, the EBITDA margin is 65.82% (operating margin 42.18% and the net profit margin finally 23.40%).

The total debt representing 52.74% of the company's assets and the total debt in relation to the equity amounts to 173.72%. Last fiscal year, a return on equity of 8.57% was realized. Twelve trailing months earnings per share reached a value of $0.57. Last fiscal year, the company paid $1.15 in form of dividends to shareholders. The company announced a dividend hike of 7.7%.

Here are the price ratios of the company: The P/E ratio is 59.95, forward P/E 11.54, Price/Sales 9.07 and Price/Book ratio 4.02. Dividend Yield: 3.68%. The beta ratio is 2.00.

3. El Paso Electric (EE) has a market capitalization of $1.25 billion. The company generates revenues of $918.01 million and has a net income of $103.54 million. The firm's earnings before interest, taxes, depreciation and amortization amounts to $272.13 million. Because of these figures, the EBITDA margin is 29.64% (operating margin 20.78% and the net profit margin finally 11.28%).

The total debt representing 36.85% of the company's assets and the total debt in relation to the equity amounts to 116.17%. Last fiscal year, a return on equity of 13.12% was realized. Twelve trailing months earnings per share reached a value of $2.40. Last fiscal year, the company paid $0.66 in form of dividends to shareholders. The company announced a dividend hike of 13.6%.

Here are the price ratios of the company: The P/E ratio is 13.00, forward P/E 13.15, Price/Sales 1.36 and Price/Book ratio 1.63. Dividend Yield: 3.21%. The beta ratio is 0.55.

4. Albany International (AIN) has a market capitalization of $561.96 million. The company generates revenues of $814.70 million and has a net income of $26.45 million. The firm's earnings before interest, taxes, depreciation and amortization amounts to $149.46 million. Because of these figures, the EBITDA margin is 18.35% (operating margin 10.20% and the net profit margin finally 3.25%).

The total debt representing 30.45% of the company's assets and the total debt in relation to the equity amounts to 90.13%. Last fiscal year, a return on equity of 6.30% was realized. Twelve trailing months earnings per share reached a value of $0.43. Last fiscal year, the company paid $0.51 in form of dividends to shareholders. The company announced a dividend hike of 7.7%.

Here are the price ratios of the company: The P/E ratio is 41.55, forward P/E 12.28, Price/Sales 0.69 and Price/Book ratio 1.35. Dividend Yield: 3.12%. The beta ratio is 1.88.

5. EPIQ Systems (EPIQ) has a market capitalization of $392.76 million. The company generates revenues of $283.33 million and has a net income of $12.08 million. The firm's earnings before interest, taxes, depreciation and amortization amounts to $63.86 million. Because of these figures, the EBITDA margin is 22.54% (operating margin 9.40% and the net profit margin finally 4.26%).

The total debt representing 38.82% of the company's assets and the total debt in relation to the equity amounts to 79.14%. Last fiscal year, a return on equity of 3.61% was realized. Twelve trailing months earnings per share reached a value of $0.30. Last fiscal year, the company paid $0.20 in form of dividends to shareholders. The company announced a dividend hike of 30.0%.

Here are the price ratios of the company: The P/E ratio is 36.56, forward P/E 9.56, Price/Sales 1.39 and Price/Book ratio 1.17. Dividend Yield: 2.39%. The beta ratio is 0.16.

Source: 5 Inexpensive Stocks With Recent Dividend Hikes