Safe Stocks in the Capital Goods Sector Raising Dividends Over 10%

Wall St. Watchdog reveals companies in the Capital Goods sector that have grown their dividends by more than 10% year-over-year.

  • Gardner Denver, Inc. (NYSE:GDI): This company has grown its dividend by 300.00% year-over-year and its current year dividend per share estimate is $0.20. The shares recently traded at $82.67 and its market capitalization is $4,321,992,000. About the company: Gardner Denver Inc. manufactures stationary air compressors and blowers for industrial applications. The Company’s products are used in manufacturing, process applications, and materials handling, as well as in power tools and equipment. Gardner Denver sells its products around the world.
  • Mitsui + Co., Ltd. (ADR) (OTC:MITSY): This company has grown its dividend by 161.11% year-over-year and its current year dividend per share estimate is $12.09. The shares recently traded at $364.01 and its market capitalization is $33,376,545,339. About the company: MITSUI & CO., LTD. is a Japan-based trading company.  The Company is engaged in the sale, import, export, offshore trading and manufacture of various products in the fields of iron and steel product, metal resource, machine and project, chemical, energy, food and retail, as well as consumer service and information industry.
  • Komatsu Ltd. (ADR) (OTC:KMTUY): This company has grown its dividend by 137.50% year-over-year and its current year dividend per share estimate is $0.57. The shares recently traded at $29.47 and its market capitalization is $29,575,287,007. About the company: KOMATSY LTD. is a global company which manufactures, develops, markets and sells industrial-use products and services.  The Constructing Machine and Vehicle segment provides excavation, loading, land-clearing, base course use, transporting, forestry, underground construction and resourced recycle machines, industrial vehicles, foundry pieces, as well as transportation, storehouse and packing related services.
  • Metso Oyj (ADR) (OTC:MXCYY): This company has grown its dividend by 121.43% year-over-year and its current year dividend per share estimate is $2.28. The shares recently traded at $41.74 and its market capitalization is $6,209,827,603. About the company: Metso Oyj is a Finland-based technology company engaged in the provision of solutions and services to various industries.  The Company operates within three business segments.
  • Fastenal Company (NASDAQ:FAST): This company has grown its dividend by 72.22% year-over-year and its current year dividend per share estimate is $0.71. The shares recently traded at $32.56 and its market capitalization is $9,609,150,000. About the company: Fastenal Company sell industrial and construction supplies in a wholesale and retail fashion. The Company markets its products and services throughout the United States, Canada, Mexico, Puerto Rico, Singapore, China, and The Netherlands.
  • SKF AB (ADR) (OTC:SKULF): This company has grown its dividend by 42.86% year-over-year and its current year dividend per share estimate is $1.00. The shares recently traded at $24.11 and its market capitalization is $10,773,101,398. About the company: SKF AB is a global supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The services provided by the Company include technical support, maintenance services, condition monitoring and training.
  • IDEX Corporation (NYSE:IEX): This company has grown its dividend by 25.00% year-over-year and its current year dividend per share estimate is $0.64. The shares recently traded at $40.38 and its market capitalization is $3,346,744,000. About the company: IDEX Corporation designs, manufactures, and markets a variety of pump products, dispensing equipment, and other engineered products. The Company’s products include industrial pumps, lubrication systems, banding and clamping devices, and rescue tools. IDEX markets its products to customers in the United States and overseas.
  • Cummins Inc. (NYSE:CMI): This company has grown its dividend by 25.00% year-over-year and its current year dividend per share estimate is $1.18. The shares recently traded at $101.54 and its market capitalization is $19,770,030,000. About the company: Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines. The Company also manufactures electric power generation systems and engine-related component products, including filtration and exhaust aftertreatment, fuel systems, controls, and air handling systems.
  • The Toro Company (NYSE:TTC): This company has grown its dividend by 20.00% year-over-year and its current year dividend per share estimate is $0.79. The shares recently traded at $52.80 and its market capitalization is $1,631,108,000. About the company: The Toro Company designs, manufactures, and markets a range of turf equipment. The Company’s products include professional turf maintenance equipment, turf and agricultural irrigation systems, landscaping equipment, and residential yard products. Toro’s products are sold worldwide under trademarks such as Toro, Wheel Horse, Lawn-Boy, Irritrol, and Dingo.
  • ITT Corporation (NYSE:ITT): This company has grown its dividend by 17.65% year-over-year and its current year dividend per share estimate is $1.01. The shares recently traded at $50.80 and its market capitalization is $9,413,240,000. About the company: ITT Corporation designs and manufactures a variety of engineered products. The Company produces pumps, systems, and services to measure and control water and other fluids. ITT also supplies military defense systems, including night vision devices, secure communication systems, and avionics, in addition to providing electrical interconnects, and data storage and PC cards.
  • Kubota Corporation (ADR) (NYSE:KUB): This company has grown its dividend by 16.67% year-over-year and its current year dividend per share estimate is $0.74. The shares recently traded at $45.39 and its market capitalization is $11,668,439,787. About the company: KUBOTA CORPORATION manufactures industrial machinery, farm machinery, and fluid piping systems. The Company’s products include ductile iron pipes, engines, tractors, combine harvesters, reaper binders, rice planters, and excavators. Kubota also produces forged iron products, housing equipment, and environmental control plants.
  • L-3 Communications Holdings, Inc. (NYSE:LLL): This company has grown its dividend by 14.29% year-over-year and its current year dividend per share estimate is $1.79. The shares recently traded at $73.19 and its market capitalization is $7,767,493,000. About the company: L-3 Communications Holdings, Inc. is a prime system contractor in aircraft modernization and maintenance, Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, and government services. The Company’s customers include the DoD, aerospace prime contractors, and commercial telecommunications customers.
  • Lockheed Martin Corporation (NYSE:LMT): This company has grown its dividend by 12.82% year-over-year and its current year dividend per share estimate is $3.04. The shares recently traded at $73.56 and its market capitalization is $24,688,390,000. About the company: Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services. The Company’s businesses span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration. Lockheed Martin operates worldwide.
  • Valmont Industries, Inc. (NYSE:VMI): This company has grown its dividend by 11.21% year-over-year and its current year dividend per share estimate is $0.70. The shares recently traded at $94.88 and its market capitalization is $2,507,553,000. About the company: Valmont Industries, Inc. is a global producer of fabricated metal products. The Company operates through four segments: Engineered Infrastructure Products, Utilities Support Structures (Utility), Coatings segment and Irrigation segment.
  • Pall Corporation (NYSE:PLL): This company has grown its dividend by 10.62% year-over-year and its current year dividend per share estimate is $0.65. The shares recently traded at $47.80 and its market capitalization is $5,560,038,000. About the company: Pall Corporation is a supplier of filtration, separation and purification technologies. The Company utilizes proprietary filter media and other fluid clarification and separation equipment for the removal of solid, liquid, and gaseous contaminants.

(Note: Selected financial data are sourced from screener.co.  All data are assumed to be accurate.)

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