Here is a current sheet of companies with fastest dividend growth compared to the previous dividend declaration. The dividend growth is often a good indicator for the financial health of a stock. Companies with a strong increase in dividends judge the future of their company rosy and they want to give money back to shareholders that they don’t need for their business.

In total, the 50 fastest dividend growth companies realized an average dividend growth of 56.77 percent. The average dividend yield of the stocks amounts to 3.55 percent. The P/E ratio is 21.68, P/B 1.98 and P/S finally 9.38.

Oiltanking Partners, L.P. (NYSE:OILT), announced that it will release its fourth quarter and year-end 2011 financial results on Wednesday, March 14, 2012 after the market closes. In conjunction with the release, Oiltanking Partners has scheduled a conference call for 10:00 a.m. Eastern Time on Thursday, March 15 that will be broadcast live over the Internet.

Titan Machinery Inc. (NASDAQ:TITN) announced that it has entered into a definitive agreement to acquire Jewell Implement Company, Inc., a Case IH agriculture equipment dealership located in Jewell, Iowa. The acquisition is expected to close on or around November 1, 2011.