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Surprising number of stocks increase dividends

Earlier this week I wrote a post that listed all the Growth Leaders from the 1Q2009 earnings season. These were the stocks that were able to register growth in both EPS and Revenues sequentially and year-over-year.

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 would like to see the total list of stocks that qualified as Dividend Growers, you can download a spreadsheet by clicking here. The spreadsheet contains all the financial data we compile for the stocks we evaluate. There are three worksheets that correspond to the three bullet points listed above.

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.

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