SeekingAlpha.com, a website dedicated to stock market opinion, analysis and finance discussions, has listed Diebold Incorporated among its top 11 companies that exhibit dividend growth and recommends buying stocks in the company.
According to the article, which listed Diebold right after Hasbro, and along with companies such as AT&T, The Hershey Company and Colgate-Palmolive Company, the company is currently trading around $30.74 and has a market cap of $2.01 billion.
Although Diebold had a weak first quarter, with total revenue dropping 1 percent and margins shrinking slightly, the poor performance was attributed to heavy price competition and larger than normal investments in the first quarter.
Notwithstanding, Diebold is yielding 3.8 percent, with a quarterly dividend yield of $0.28. The company has a 5-year average dividend growth of 5.43 percent. Diebold has $552.21 million in total cash and $636.89 million in total debt.
