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8 Stocks That Increased Dividend (Oct 9 - Oct 13)

|Includes: Brown & Brown, Inc. (BRO), D, EV, IP, MLP, OHI, PAG, THO, WES

One way to identify dividend growth stocks is to look for dividend increases. Companies that pay rising dividends are likely to be financially healthy and generate consistent cash flow. Here is a list of 8 companies that increased dividends last week.

International Paper (NYSE:IP)
International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company's segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

International Paper Company has declared a quarterly dividend of $0.48 (a 4.35% increase). It has increased its dividend by 13.40% in the last 5-years and has a 5-year track record of increasing it's dividend. Annualized dividend is $1.85 at a yield of 3.22% and dividend payout ratio of 93.91%.

Thor Industries (NYSE:THO)
Thor Industries, Inc. manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada.

Thor Industries has declared a quarterly dividend of $0.37 (a 12.12% increase). It has increased its dividend by 17.50% in the last 5-years and has a 7-year track record of increasing it's dividend. Annualized dividend is $1.32 at a yield of 1.02% and dividend payout ratio of 18.62%.

Penske Automotive Group (NYSE:PAG)
Penske Automotive Group, Inc. is an international transportation services company. The Company operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe.

Penske Automotive Group has declared a quarterly dividend of $0.33 (a 3.13% increase). It has increased its dividend by 33.00% in the last 5-years and has a 6-year track record of increasing it's dividend. Annualized dividend is $1.28 at a yield of 2.83%. and dividend payout ratio of 30.55%.

Brown & Brown (NYSE:BRO)
Brown & Brown, Inc. is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, in the property, casualty and employee benefits areas.

Brown & Brown has declared a quarterly dividend of $0.15 (a 7.14% increase).It has increased its dividend by 9.30% in the last 5-years and has a 16-year track record of increasing it's dividend. Annualized dividend is $0.54 at a yield of 1.09% and dividend payout ratio of 29.03%.

Dominion Energy (NYSE:D)
Dominion Energy, Inc., formerly Dominion Resources, Inc., is a producer and transporter of energy.

Dominion Energy has declared a quarterly dividend of $0.77 (a 1.32% increase).It has increased its dividend by 7.20% in the last 5-years and has a 8-year track record of increasing it's dividend. Annualized dividend is $3.02 at a yield of 3.84% and dividend payout ratio of 87.28%.

Eaton Vance Corporation (NYSE:EV)
Eaton Vance Corp. is engaged in the business of managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions.

Eaton Vance has declared a quarterly dividend of $0.31 (a 10.71% increase).It has increased its dividend by 8.50% in the last 5-years and has a 36-year track record of increasing it's dividend. Annualized dividend is $1.12 at a yield of 2.19% and dividend payout ratio of 48.70%.

Omega Healthcare (NYSE:OHI)
Omega Healthcare Investors, Inc. is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom.

Omega Healthcare has declared a quarterly dividend of $0.65 (a 1.56% increase).It has increased its dividend by 8.80% in the last 5-years and has a 7-year track record of increasing it's dividend. Annualized dividend is $2.56 at a yield of 8.08% and dividend payout ratio of 135.45%.

Western Gas Partners (NYSE:WES)
Western Gas Partners is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets.

Western Gas Partners has declared a quarterly dividend of $0.91 (a 2.25% increase).It has increased its dividend by 15.80% in the last 5-years and has a 9-year track record of increasing it's dividend. Annualized dividend is $3.56 at a yield of 6.94% and dividend payout ratio of 256.12%.

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