11 Cheap Dividend Stocks With Recent Dividend Hikes

In difficult economic 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 month, 40 companies raised distributions, of which 14 have had double-digit dividend growth. The biggest dividend hike was realized by Marcy (M) and DDR Corporation (DDR). M doubled dividends and DDR raised distributions by 50 percent. The average dividend yield of all dividend raisers amounts to 3.79 percent and the dividend growth is 11.35. With this thesis in mind, I screened dividend stocks with recent hikes by cheapest forward price-to-earnings ratio (less than 15). Exactly 11 stocks fulfilled these criteria. These are the results: AmeriGas Partners (APU) has a market capitalization of $2.42 billion. The company employs 5,460 people, generates revenue of... Read more