Dividend growth is an excellent way to convey a strong message to the shareholders that a particular company is making profit and more importantly, the company is also open to share their profits with the shareholders. Thirteen stocks and nine funds revealed development in the dividend in the previous week. Overall, the number of firms posting a dividend growth was quite low. The list contained the names of some biggies like United Health, Lowe’s and Fedex, while around five companies curtailed their dividends with only one company emerging to offer a special initial dividend.
If you too are interested in investing in stocks, do consider the following names in terms of dividend growth:
Helmerich & Payne (HP) – This company holds a market cap worth 6.82 billion dollars, with an average income of 573.61 million dollars. With over 9,410 people working with them, the current revenue of the company amounting to 3.151 billion dollars, with the earnings being around 1.277 billion dollars excluding interest, taxes, depreciation and amortization (EBITDA- that is 40.55%).
Coming to the financial condition of the company, around 4.11% of the assets accounts to the total debt, which is around 6.13% in terms of the equity amount, thereby offering around 16.08% return on equity. HP officially gave around $0.28 of dividend to the shareholders during the previous fiscal year, and it has indicated a hike of around 233.3% in the dividends.
UnitedHealth Group (UNH) – Accounting for 63.82 billion dollar of market cap, this company has an average income of 5.526 billion dollars. With revenue of 110.618 billion dollars, UNH’s earnings prior to interest, taxes, depreciation and amortization (EBITDA- that is 9.55%) comes to around 10.563 billion dollars. Regarding finances, a total of 20.71% of the assets comes under their total debt, which is around 53.74%, in terms of the equity amounts with an expected return on equity of 18.58%.
FedEx Corporation (FDX) – This company accounts for 31.62 billion dollars in terms of market cap, with a revenue of 42.680 million dollars. The average income of the company is around 2.032 billion dollars, with the gross earnings going up to 5.438 billion dollars, prior to interest, taxes, depreciation and amortization (EBITDA – which is 12.74%). Around 5.57% of the assets are a part of the total debt, which is 11.32% in terms of the equity, which offers a return of 13.57%.