In January, we initiated coverage on four companies. Below is an overview of each new dividend stock. For a more complete list of dividend initiations, increases and cuts, check out our Dividend Payout Changes page.

1. Hexcel Corporation

Hexcel Corporation (HXL ) is a Stamford, CT-based composites company with a market capitalization of approximately $4.3 billion. On January 12, HXL declared its first quarterly dividend of 10 cents that will be paid on February 17. The stock currently offers a 0.89% yield. Dividend.com has initiated coverage on HXL as “Neutral” with a DARS™ rating of 3.0 stars out of 5 stars.

2. EnPro Industries

EnPro Industries (NPO ) is a Charlotte, NC-based industrial company with a market capitalization of approximately $1.5 billion. On January 14, NPO declared its first quarterly dividend of 20 cents to be paid on March 16. The company currently offers a 1.29% yield. Dividend.com has initiated coverage on NPO as “Neutral” with a DARS™ rating of 3.0 stars out of 5 stars.

3. LegacyTexas Financial Group

LegacyTexas Financial Group (LTXB ) is a Plano, TX-based financial services company with a market capitalization of approximately $878 million. On January 27, LTXB declared its first quarterly dividend of 13 cents that will be paid on February 23. The company currently offers a 2.41% yield. Dividend.com has initiated coverage on LTXB as “Neutral” with a DARS™ rating of 3.0 stars out of 5 stars.

4. Great Western Bancorp

Great Western Bancorp (GWB ) is a Sioux Falls, SD-based bank with a market capitalization of approximately $1.2 billion. On January 28, GWB declared its first quarterly dividend of 12 cents that will be paid on February 23. The company currently offers a 2.29% yield. Dividend.com has initiated coverage on GWB as “Neutral” with a DARS™ rating of 3.1 stars out of 5 stars.