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5 Lesser-Known Stocks With Dramatic Dividend Increases

And more payout growth could be on the horizon

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Corning

Corning185 5 Lesser Known Stocks With Dramatic Dividend IncreasesCorning (GLW) is an industrial glass company that has been riding the recent wave of smartphone and tablet manufacturing. Its Gorilla Glass has been a mainstay of devices including the Apple (AAPL) iPhone, though that growth has been in counterpoint to other challenges in the glass biz, including soft demand for flatscreen displays in both the TV and desktop computer market.

But while GLW stock has seen its ups and downs, the dividend has been decidedly up in the past few years. After initiating a dividend at 5 cents a share right before the financial crisis, Corning had simply been trying to keep its head above water since the Great Recession … but in 2011 raised the dividend to 7.5 cents per quarter, then 9 cents in 2012 and 10 cents per quarter most recently.

That payout still is just 32% of FY2013 earnings, and earnings are expected to grow again in 2014 — so the dividend growth should continue at Corning, too, based on recent increases to the payout.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/5-lesser-known-stocks-dramatic-dividend-increases/.

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