Friday, October 20, 2017

8 Stocks that increased dividend (Oct 16 - Oct 20)


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.


Lincoln Electric Holdings (NASDAQ:LECO, +11.43% dividend increase)

Lincoln Electric Holdings has declared quarterly dividend of $0.39(+11.43% increase). It goes ex-dividend on 12/28/2017 and is payable on 1/12/2018. Annualized dividend is $1.40 at a yield of 1.46%. Lincoln Electric Holdings has a dividend growth rate of 28.70% (3 Year Average) and has 13 Years of Consecutive Dividend Growth.

Lincoln Electric Holdings has a twelve month trailing (TTM) earnings per share (EPS) of $3.46, which gives it a dividend payout ratio of 38.30%.The predicted earnings per share for 2018 is $4.21.Earnings per share is further expected to grow by 12.77% annually over the next five years. EPS has grown by 2.60% in the last 5 years. The cash per share is $6.02. Using cash per share we can compute the dividend payout ratio as 23.26%.Lincoln Electric Holdings has a market capitalization of $6.30B. It has a P/E ratio of 27.74. (Forward P/E: 22.81). Lincoln Electric Holdings has a beta of 1.10 and is 10% more volatile than the overall market. Analyst consensus target price is $97.83. Using the forward P/E ratio of 22.81 and forward earnings per share of $4.21 we can compute the fair value of stock as $96.03. Stock is currently trading at $95.90.


Cintas Corporation (NASDAQ:CTAS, +21.8% dividend increase)

Cintas Corporation has declared annual dividend of $1.62(+21.8% increase). It goes ex-dividend on 11/9/2017 and is payable on 12/8/2017. Annualized dividend is $1.33 at a yield of 0.87%. Cintas Corporation has a dividend growth rate of 20.00% (3 Year Average) and has 34 Years of Consecutive Dividend Growth.

Cintas Corporation has a twelve month trailing (TTM) earnings per share (EPS) of $4.36, which gives it a dividend payout ratio of 25.40%.The predicted earnings per share for 2018 is $6.06.Earnings per share is further expected to grow by 13.03% annually over the next five years. EPS has grown by 12.90% in the last 5 years. The cash per share is $2.01. Using cash per share we can compute the dividend payout ratio as 66.17%.Cintas Corporation has a market capitalization of $16.13B. It has a P/E ratio of 34.90. (Forward P/E: 25.10). Cintas Corporation has a beta of 0.85 and is 15% less volatile than the overall market. Analyst consensus target price is $144.44. Using the forward P/E ratio of 25.10 and forward earnings per share of $6.06 we can compute the fair value of stock as $152.11. Stock is currently trading at $152.20.


Pinnacle West Capital Corporation (NYSE:PNW, +6.06% dividend increase)

Pinnacle West Capital Corporation has declared quarterly dividend of $0.70(+6.06% increase). It goes ex-dividend on 10/31/2017 and is payable on 12/1/2017. Annualized dividend is $2.62 at a yield of 2.95%. Pinnacle West Capital Corporation has a dividend growth rate of 4.70% (3 Year Average) and has 5 Years of Consecutive Dividend Growth.

Pinnacle West Capital Corporation has a twelve month trailing (TTM) earnings per share (EPS) of $4.52, which gives it a dividend payout ratio of 57.00%.The predicted earnings per share for 2018 is $4.48.Earnings per share is further expected to grow by 6.04% annually over the next five years. EPS has grown by 5.70% in the last 5 years. The cash per share is $0.04. Using cash per share we can compute the dividend payout ratio as 6550.0%.Pinnacle West Capital Corporation has a market capitalization of $9.90B. It has a P/E ratio of 19.65. (Forward P/E: 19.80). Pinnacle West Capital Corporation has a beta of 0.37 and is 63% less volatile than the overall market. Analyst consensus target price is $87.75. Using the forward P/E ratio of 19.80 and forward earnings per share of $4.48 we can compute the fair value of stock as $88.7. Stock is currently trading at $88.78.


Visa (NYSE:V, +17.65% dividend increase)

Visa has declared quarterly dividend of $0.20(+17.65% increase). It goes ex-dividend on 11/16/2017 and is payable on 12/5/2017. Annualized dividend is $0.66 at a yield of 0.61%. Visa has a dividend growth rate of 19.00% (3 Year Average) and has 8 Years of Consecutive Dividend Growth.

Visa has a twelve month trailing (TTM) earnings per share (EPS) of $2.69, which gives it a dividend payout ratio of 23.50%.The predicted earnings per share for 2018 is $4.00.Earnings per share is further expected to grow by 16.63% annually over the next five years. EPS has grown by 14.00% in the last 5 years. The cash per share is $4.48. Using cash per share we can compute the dividend payout ratio as 14.73%.Visa has a market capitalization of $244.70B. It has a P/E ratio of 40.00. (Forward P/E: 26.86). Visa has a beta of 0.96 and is 4% less volatile than the overall market. Analyst consensus target price is $113.79. Using the forward P/E ratio of 26.86 and forward earnings per share of $4.00 we can compute the fair value of stock as $107.44. Stock is currently trading at $107.55.

IDACORP (NYSE:IDA, +7.27% dividend increase)

IDACORP has declared quarterly dividend of $0.59(+7.27% increase). It goes ex-dividend on 11/3/2017 and is payable on 11/30/2017. Annualized dividend is $2.20 at a yield of 2.40%. IDACORP has a dividend growth rate of 9.80% (3 Year Average) and has 5 Years of Consecutive Dividend Growth.

IDACORP has a twelve month trailing (TTM) earnings per share (EPS) of $3.95, which gives it a dividend payout ratio of 54.60%.The predicted earnings per share for 2018 is $4.15.Earnings per share is further expected to grow by 4.00% annually over the next five years. EPS has grown by 2.80% in the last 5 years. The cash per share is $0.64. Using cash per share we can compute the dividend payout ratio as 343.75%.IDACORP has a market capitalization of $4.64B. It has a P/E ratio of 23.19. (Forward P/E: 22.12). IDACORP has a beta of 0.53 and is 47% less volatile than the overall market. Analyst consensus target price is $86.00. Using the forward P/E ratio of 22.12 and forward earnings per share of $4.15 we can compute the fair value of stock as $91.8. Stock is currently trading at $91.68.


Sensient Technologies Corporation (NYSE:SXT, +10.0% dividend increase)

Sensient Technologies Corporation has declared quarterly dividend of $0.33(+10.0% increase). It goes ex-dividend on 11/3/2017 and is payable on 12/1/2017. Annualized dividend is $1.20 at a yield of 1.52%. Sensient Technologies Corporation has a dividend growth rate of 6.80% (3 Year Average) and has 5 Years of Consecutive Dividend Growth.

Sensient Technologies Corporation has a twelve month trailing (TTM) earnings per share (EPS) of $2.49, which gives it a dividend payout ratio of 46.70%.The predicted earnings per share for 2018 is $3.78.Earnings per share is further expected to grow by 8.60% annually over the next five years. EPS has grown by 2.60% in the last 5 years. The cash per share is $0.59. Using cash per share we can compute the dividend payout ratio as 203.39%.Sensient Technologies Corporation has a market capitalization of $3.50B. It has a P/E ratio of 31.84. (Forward P/E: 20.93). Sensient Technologies Corporation has a beta of 1.09 and is 9% more volatile than the overall market. Analyst consensus target price is $87.58. Using the forward P/E ratio of 20.93 and forward earnings per share of $3.78 we can compute the fair value of stock as $79.12. Stock is currently trading at $79.19.


Magellan Midstream Partners L.P. (NYSE:MMP, +2.25% dividend increase)

Magellan Midstream Partners L.P. has declared quarterly dividend of $0.91(+2.25% increase). It goes ex-dividend on 11/1/2017 and is payable on 11/14/2017. Annualized dividend is $3.56 at a yield of 5.23%. Magellan Midstream Partners L.P. has a dividend growth rate of 15.70% (3 Year Average) and has 7 Years of Consecutive Dividend Growth.

Magellan Midstream Partners L.P. has a twelve month trailing (TTM) earnings per share (EPS) of $3.69, which gives it a dividend payout ratio of 91.80%.The predicted earnings per share for 2018 is $4.10.Earnings per share is further expected to grow by 9.90% annually over the next five years. EPS has grown by 14.00% in the last 5 years. The cash per share is $0.02. Using cash per share we can compute the dividend payout ratio as 17300.0%.Magellan Midstream Partners L.P. has a market capitalization of $15.68B. It has a P/E ratio of 18.48. (Forward P/E: 16.63). Magellan Midstream Partners L.P. has a beta of 0.78 and is 21% less volatile than the overall market. Analyst consensus target price is $78.50. Using the forward P/E ratio of 16.63 and forward earnings per share of $4.10 we can compute the fair value of stock as $68.18. Stock is currently trading at $68.11.


1st Source Corporation (NASDAQ:SRCE, +5.26% dividend increase)

1st Source Corporation has declared quarterly dividend of $0.20(+5.26% increase). It goes ex-dividend on 11/3/2017 and is payable on 11/15/2017. Annualized dividend is $0.76 at a yield of 1.46%. 1st Source Corporation has a dividend growth rate of 1.90% (3 Year Average) and has 31 Years of Consecutive Dividend Growth.

1st Source Corporation has a twelve month trailing (TTM) earnings per share (EPS) of $2.39, which gives it a dividend payout ratio of 30.50%.The predicted earnings per share for 2018 is $2.91.Earnings per share is further expected to grow by 10.00% annually over the next five years. EPS has grown by 4.50% in the last 5 years. The cash per share is $3.83. Using cash per share we can compute the dividend payout ratio as 19.84%.1st Source Corporation has a market capitalization of $1.37B. It has a P/E ratio of 21.83. (Forward P/E: 17.94). 1st Source Corporation has a beta of 1.08 and is 8% more volatile than the overall market. Analyst consensus target price is $50.75. Using the forward P/E ratio of 17.94 and forward earnings per share of $2.91 we can compute the fair value of stock as $52.21. Stock is currently trading at $52.20.


Dividend increases Oct 9 - Oct 13








6 comments:

  1. That's a lot of healthy dividend raises. I know V is common among our dividend peers. I bet many are happy with this newest raise. I don't hold any of those names :( Can't own everything.

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    1. Hola Keith. Visa is a good buy. I was also thinking of LECO & 1st Source. You could hold them all if you own NOBL :-)

      Thanks for swinging by

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  2. I love Visa, massive increases and beating the market every year since IPO. I keep adding more, I don't care how big the weight gets.

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    1. Totally agree. I wish I had got it earlier. It's definitely an awesome stock to own.

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  3. Nice writeup. Sadly i dont own any of them

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    1. Are US dividends taxed in Canada & US?

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