5 Companies that Just Increased Their Dividends

In this article, we discuss 5 companies that just increased their dividends. If you want to see some more stocks that raised their dividend payouts, click 10 Companies that Just Increased Their Dividends. 

5. Falcon Minerals Corporation (NASDAQ:FLMN)

Number of Hedge Fund Holders: 15

Dividend Yield as of May 5: 9.49%

Falcon Minerals Corporation (NASDAQ:FLMN) owns mineral and royalty interests in oil and natural gas properties across North America. On May 4, Falcon Minerals Corporation (NASDAQ:FLMN) announced a quarterly dividend per share of $0.18, a 24.1% increase from its prior dividend of $0.145. The dividend is payable on May 31, to shareholders of record on May 18. 

In 2021, Falcon Minerals Corporation (NASDAQ:FLMN)’s full-year revenue came in at $72.8 million, up from $40.1 million in the prior year. Net income in 2021 grew roughly 71% year-over-year to $13.2 million from $7.7 million in 2020. 

Piper Sandler analyst Mark Lear on April 7 raised the price target on Falcon Minerals Corporation (NASDAQ:FLMN) to $8 from $5.40 and kept an Overweight rating on the shares. The analyst believes that the U.S. is one of the few regions to deliver long-term supply growth since Russian oil is off the market, and the IOC’s departure drives longer-term declines despite peace. 

Among the elite funds tracked by Insider Monkey, Falcon Minerals Corporation (NASDAQ:FLMN) was found in the public stock portfolios of 15 hedge funds at the end of December 2021, compared to 19 funds in the preceding quarter. Nantahala Capital Management held the largest stake in the company, with 2.3 million shares worth $11.5 million.