5 Stocks That Announced Dividend Hike (PRSP, VFC, AFG)

Below are interesting stocks on the NASDAQ and NYSE that announced dividend hike.

Prosperity Bancshares Inc (NASDAQ: PRSP) has raised its regular cash dividend to $0.62 per share per year, reflecting an increase of 12.7%. Keefe Bruyette upgraded PRSP from “underperform” to “market perform.”

VF Corporation (NYSE: VFC) has hiked its quarterly dividend by 2% to $.60 per share. UBS initiated coverage of VFC with a “buy” rating.

American Financial Group Inc (NYSE: AFG) has raised its dividend for 2010 from $.52 to $.55 per share, representing a 6% increase. AFG has posted its earnings for the September quarter significantly ahead of expectations.

Matthews International Corporation (NASDAQ: MATW) has raised its quarterly dividend from $0.065 to $0.07 per share. Janney Montgomery Scott initiated coverage of MATW with a “buy” rating.

Vance Corp (NYSE: EV) has raised its quarterly dividend by 3% to $0.16 per share. EV shares are trading significantly lower than their 52-week high of $31.31.