Today's post is in a similar vein. This time we are looking at dividends.
Since most dividend announcements are delivered along with earnings reports and earnings season is drawing to a close, this seems like a good time to list all those stocks managed to increase dividends.
Despite the fact that stocks are struggling to rise from bear market lows, there were a good number of stocks that were in decent enough financial shape that they were able to raise their dividends. Here is the breakdown:
- Of the universe of stocks that we evaluated, there were 829 that increased dividends. That is over 11%
- Of these stocks, 140 were in the S&P 500. In other words, 28% of the stocks in the S&P 500 were able to raise their dividend payouts. Not bad for a recession and an index that is heavy with financial stocks that, for the most part, slashed dividends.
- Investors, however, have not been especially kind to these stocks recently. Only 52 of them were on our Tuesday TradeRadar Trend Leaders list of stocks in strong up-trends.
If you are looking for stocks with decent enough fundamentals to support a solid dividend then this list is for you. There are bound to be a few you can add to your watch list.