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Big Name Stocks With Rising Dividends
When profits are ramping up and business is returning to normal, a company feels confident enough to raise its dividend. The following stocks all raised their dividends appreciably in the last week. (Learn more about dividends, see: Dividend Facts You May Not Know)
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Ding Dong Profits
Avon Products Inc. (NYSE:AVP) just raised its annual dividend by 4.80%. The global manufacturer and marketer of cosmetic products saw its stock rise by nearly 65% in the last year. Current yield on the shares is 2.85% and they trade with a price/earnings ratio of just over 21.
Despite improved results for the fourth quarter,Avon 's credit rating was just lowered by S&P to A-. Sales were up 16% on the quarter.
CSX Corporation (NYSE:CSX) also raised its annual dividend last week by more than 9.00. The rail transport giant trades with a P/E of roughly 16.50 and yields near an annual 2%. CSX stock is over 80% institutionally owned. CSX has grown its earnings per share at a 25% annual rate for the last five years and its dividend yield by 34.49% over the same time frame.
CSX stock is up by more than 77% over the last year. The company has a market cap in excess of $18 billion.
Revving up Annual Dividend
United Technologies Corp (NYSE:UTX) stock is up 56% in the last 12 months and trades with a P/E of 16.65. That's better than the performance of the Dow Jones Industrial Average, of which UTX is a component. The Dow, as measured by proxy Diamond Trust ETF (NYSE:DIA), was up only 40% for the same period.
The company recently expanded its payout to shareholders by a full 10.40%, bringing the annual yield to 2.50%. United Technologies has a market cap of better than $64 billion and was in the news recently after securing regulatory approval to buy General Electric's (NYSE:GE) defense business.
The maker of everything from jet engines to elevators to ventilation and heating systems trades with a price-to-sales ratio of 1.20 and is also owned principally by institutions, which comprise over 81% of its shareholders.
Dow 30 Stalwart
3M Company (NYSE:MMM) operates in a wide variety of market sectors, from industrial and transportation to office products and health care. With a market cap of $57 billion, 3M weighs in as perhapsAmerica
The Wrap
Big name companies are making headlines with bigger profits, higher stock prices and expanding dividends. Perhaps 'happy days' are here again?
Use the Investopedia Stock Simulator to trade the stocks mentioned in this stock analysis, risk free!
IN PICTURES: Learn To Invest In 10 Steps
Ding Dong Profits
Avon Products Inc. (NYSE:AVP) just raised its annual dividend by 4.80%. The global manufacturer and marketer of cosmetic products saw its stock rise by nearly 65% in the last year. Current yield on the shares is 2.85% and they trade with a price/earnings ratio of just over 21.
Despite improved results for the fourth quarter,
CSX Corporation (NYSE:CSX) also raised its annual dividend last week by more than 9.00. The rail transport giant trades with a P/E of roughly 16.50 and yields near an annual 2%. CSX stock is over 80% institutionally owned. CSX has grown its earnings per share at a 25% annual rate for the last five years and its dividend yield by 34.49% over the same time frame.
CSX stock is up by more than 77% over the last year. The company has a market cap in excess of $18 billion.
United Technologies Corp (NYSE:UTX) stock is up 56% in the last 12 months and trades with a P/E of 16.65. That's better than the performance of the Dow Jones Industrial Average, of which UTX is a component. The Dow, as measured by proxy Diamond Trust ETF (NYSE:DIA), was up only 40% for the same period.
The company recently expanded its payout to shareholders by a full 10.40%, bringing the annual yield to 2.50%. United Technologies has a market cap of better than $64 billion and was in the news recently after securing regulatory approval to buy General Electric's (NYSE:GE) defense business.
The maker of everything from jet engines to elevators to ventilation and heating systems trades with a price-to-sales ratio of 1.20 and is also owned principally by institutions, which comprise over 81% of its shareholders.
Dow 30 Stalwart
3M Company (NYSE:MMM) operates in a wide variety of market sectors, from industrial and transportation to office products and health care. With a market cap of $57 billion, 3M weighs in as perhaps
The Wrap
Big name companies are making headlines with bigger profits, higher stock prices and expanding dividends. Perhaps 'happy days' are here again?
Use the Investopedia Stock Simulator to trade the stocks mentioned in this stock analysis, risk free!
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