Stocks to watch on Tuesday: CE, IEX, SONC >>> READ MORE

3 Stocks That Are Filling Up the Piggy Bank

Overflowing piles of cash mean these companies could return much more value to shareholders

    View All  

Baxter International

Baxter NYSE:BAXCash: $5.99 billion
1-Year Growth Rate: 155%
Cash Relative to Market Cap: 15.4%
1-Year Total Return: 21%

Baxter (BAX) has been hiking its dividend regularly and by a lot. In May, the bioscience and medical device manufacturer  raised its dividend by 9%, which came hard on the heels of a 34% increase at the end of 2012. The current dividend yields 3% vs. a five-year average of 2.8%.

Additionally, Baxter’s board approved a new share repurchase program for up to $2 billion in stock. That’s on top of the $450 million left from an older $2.5 billion share repurchase program.

As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC