New Dividend: 9 cents quarterly (per share)
Dividend Percent Increase: 12.5%Current Yield: 1.01% Donaldson (DCI) increased its dividend payout by 12.5% last week, bringing its own quarterly shareholder check to 9 cents per share. Donaldson manufactures filtration products that are used in truck engines, turbines, and even disk drives. Like TE Connectivity, Donaldson's business doesn't sound particularly exciting, but that's why it's an attractive industrial name. >>5 Beaten-Down Stocks to Invest in Now Efforts to lower production costs should lead to some margin growth for DCI over the mid-term, especially if heftier emission regulations lead to more filtration demand among its customers. While this stock clearly isn't a high yield income name, it's an interesting niche industrial that's could play a supporting role for investors who want industrial exposure over income generation.
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