Federal Reserve jitters continued to roil the stock market on Monday, as investors returned to trade on last week's news that nonfarm jobs growth in November was about 30% stronger than expected, and wage growth higher than anticipated as well. As of 12:15 p.m. ET, shares of industrial giants General Electric (NYSE: GE), Johnson Controls (NYSE: JCI), and Deere (NYSE: DE) are all down modestly -- 2.1%, 1.7%, and 1.8%, respectively. The funny thing is, putting the economy to one side for a moment, the specific news on two of these industrial stocks today is actually good.
Companies often establish a pattern of hiking dividends at the same time each year, giving investors a reliable cash influx and enticing them to stick around for the long term. With help from StreetInsider and InvestingPro+ data, here is your weekly list of companies that look set to raise their payouts in the next week, based on what they did this time last year - as well as their payout histories and payout ratios, which can give you a better idea of whether they're likely to hike again.
Shares of Johnson Controls (NYSE: JCI) have been under pressure this year due to investor concerns that a weak housing market would crimp demand for its ventilation and climate control equipment. Shares of Johnson Controls gained 14.9% in November, according to data provided by S&P Global Market Intelligence, cutting the stock's loss for the year in half in a single month. Johnson Controls is a maker of heating, ventilation, and air conditioning systems (HVAC) for commercial and residential buildings.