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Posts Tagged ‘Barrick Gold Corporation’

Stocks with 30% Dividend Increases in Last Quarter

As the market uncertainty continues throughout 2012, investors are still seeking safety from income investments.  While a significant amount of money has moved into bonds, dividend stocks are still a great place to find income streams.  The boards of many companies are realizing this and responding by increasing their dividends.  You have many dividend growth companies that continue to increase their dividends at a high pace each year.  The following list includes companies that increased their dividend payments by 30% in the previous quarter.

Southwest Airlines (LUV) engages in the operation of a passenger airline that provides scheduled air transportation in the United States.  LUV increased its dividend from $0.045 to $0.10 for an increase of 122%.  LUV has a 5-year average dividend growth rate of 17.32%.  LUV has a dividend yield of 0.43% with a 5% payout ratio.  LUV is trading at $9.18 with a market cap of $7.12 billion.  LUV has an equity summary score of 7.1 out of 10 for a Bullish outlook.

KeyCorp (KEY) operates as a holding company for KeyBank National Association that provides various banking services in the United States.  KEY increased its dividend from $0.03 to $0.05 for an increase of 66%.  KEY is rebuilding its dividend since being cut in the financial crisis of 2008.  KEY has a dividend yield of 2.60% with a 13% payout ratio.  KEY is trading at $7.66 with a market cap of $7.34 billion.  KEY has an equity summary score of 4.4 out of 10 for a Neutral outlook.

Coach, Inc. (COH) designs and markets accessories and gifts for women and men in the United States and internationally.  It primarily offers handbags, women’s and men’s bag, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches, and fragrance products.  COH increased its dividend from $0.225 to $0.30 for an increase of 33%.  COH has increased its dividend each year since initiating in 2009 for a total increase of 329%.  COH has a dividend yield of 2.08% with a 26% payout ratio.  COH is trading at $57.49 with a market cap of $16.5 billion.  COH has an equity summary score of 8.7 out of 10 for a Bullish outlook.

Barrick Gold Corporation (ABX) engages in the production and sale of gold and copper. The company has a portfolio of 26 operating mines, and exploration and development projects located in North America, South America, the Australia Pacific region, and Africa.  ABX is down 20% in the past year as the price of gold has declined.  ABX increased its dividend from $0.15 to $0.20 for an increase of 33%.  ABX has a 5-year average dividend growth rate of 21.7%.  ABX has a dividend yield of 2.17% with a 12% payout ratio.  ABX is trading at $36.36 with a market cap of $36.8 billion.  ABX has an equity summary score of 4.4 out of 10 for a Neutral outlook.

The Goldman Sachs Group, Inc. (GS) provides investment banking, securities, and investment management services, as well as a range of financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide.  GS increased its dividend from $0.35 to $0.46 for an increase of 31.4%.  GS has a 5-year average dividend growth rate of 5.6%.  GS has a dividend yield of 1.93% with a 20% payout ratio.  GS is trading at $94.05 with a market cap of $46.96 billion.  GS has an equity summary score of 0.9 out of 10 for a VERY Bearish outlook.

Marriott International, Inc. (MAR) operates, franchises, and licenses hotels and corporate housing properties worldwide.  MAR increased its dividend from $0.10 to $0.13 for an increase of 30%.  MAR has a 5-year average dividend growth rate of 12%.  MAR has a dividend yield of 1.32% with a 68% payout ratio.  MAR is trading at $39.12 with a market cap of $13.0 billion.  MAR has an equity summary score of 8.5 out of 10 for a Bullish outlook.

UnitedHealth Group Incorporated (UNH) operates as a diversified health and well-being company in the United States.  UNH increased its dividend from $0.1625 to $0.2125 for an increase of 30.8%.  UNH has a 5-year average dividend growth rate of 95%.  UNH has a dividend yield of 1.52% with a 13% payout ratio.  UNH is trading at $55.70 with a market cap of $57.9 billion.  UNH has an equity summary score of 9.5 out of 10 for a VERY Bullish outlook.

Bullish Stocks Increasing Dividends

A diverse group of companies have increased dividend payments in recent months, often to bolster investors’ confidence in their overall business prospects.  Here are companies increasing dividends with a bullish or better outlook indicating a buy rating.

Cardinal Health, Inc. (CAH) operates as a healthcare services company that provides pharmaceutical and medical products and services. The company operates in two segments, Pharmaceutical and Medical.  CAH announced that its board of directors has approved a 10.5 percent increase in the company’s quarterly dividend to$0.2375 per share, or $0.95 per share on an annualized basis.  The regular dividend is payable on July 15 to shareholders of record on July 1. CAH has paid a $0.215 per share quarterly dividend since July 15, 2011. This is the 111th consecutive regular quarterly dividend.  The new dividend yield is 2.22%.  CAH has a 5-year average annual dividend growth of 21%.  CAH has an equity summary score of 9.3 out of 10 for a VERY Bullish Outlook.

Domtar Corporation (UFS) engages in the design, manufacture, marketing, and distribution of fiber-based products in North America. The company operates in three segments: Pulp and Paper, Distribution, and Personal Care.  UFS announced that its Board of Directors has approved a 29% increase to its quarterly dividend (from $0.35 to $0.45per share) on its common stock.  The Board of Directors declared the dividend payable on July 16, 2012 to stockholders of record as of the close of business on June 15, 2012.   The new dividend yield is 2.13%.  UFS has increased its dividend 80% since 2010.  UFS has an equity summary score of 8.6 out of 10 for a Bullish Outlook.

AMETEK, Inc. (AME) manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group.

AMETEK, Inc. (AME) announced its Board of Directors has declared a three-for-two stock split and approved a 50% increase in the quarterly cash dividend on its common stock.  The three-for-two split of its common stock will result in the issuance of one additional common share for every two shares owned as of the record date.  The new shares are payable on June 29, 2012, to shareholders of record on June 15, 2012.  Any fractional shares resulting from the stock split will be paid in cash based on the closing market price of AME stock on the record date. By splitting its stock, AME expects to broaden the stock’s marketability and improve its trading liquidity.

After reviewing the Company’s strong financial position and future expectations, AME’s Board of Directors also has decided to increase the quarterly common stock dividend 50%, to an indicated annual rate of $.36 per share ($.24 per share on a post-split basis).  The Board of Directors declared the second quarter dividend of $.09 per share ($.06 per share on a post-split basis), payable on June 29, 2012 to shareholders of record on June 15, 2012.  The new dividend yield is 0.72%.  AME has a 5-year average annual dividend growth of 17%.  AME has an equity summary score of 7.5 out of 10 for a Bullish Outlook.

Barrick Gold Corporation (ABX) engages in the production and sale of gold and copper. The company has a portfolio of 26 operating mines, and exploration and development projects located in North America, South America, the Australia Pacific region, and Africa.  ABX announced a 33% increase in its quarterly payout to 20 cents per share. The new dividend will be paid June 15 to shareholders of record as of May 31. The new dividend yield is 2.11%.  ABX has a 5-year average annual dividend growth of 29%.  ABX has an equity summary score of 7.7 out of 10 for a Bullish Outlook.

 

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