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Guru Stocks Raising Dividends: XTEX, PPG, TRV, COL, KMI
Posted by: GuruFocus (IP Logged)
Date: April 23, 2012 11:03AM
This is the group of companies who raised their dividend during the week:
Crosstex Energy LP (XTEX)
Crosstex Energy, a mid-stream natural gas company, operates over 1,700 miles of pipeline, two processing plants and 49 natural gas treating plants. Crosstex Energy LP has a market cap of $900.78 million; its shares were traded at around $17.66 with and P/S ratio of 0.45. On April 19, the company increased its quarterly distribution 14% to $0.33 per unit. The distribution is payable May 15 to unitholders of record May 2. This amount is approximately a 14 percent increase over the first-quarter 2011 rate. The yield based on the new payout is 7.5%.
The Crosstex Energy companies, Crosstex Energy LP reported results for the fourth-quarter and full-year 2011. The Partnership posted a net loss of $1.4 million for the fourth quarter of 2011 compared with a net loss of $2.4 million in the fourth quarter of 2010.
Executive Vice President Joe A. Davis and Director Sheldon B. Lubar sold shares of XTEX stock.
PPG Industries Inc. (PPG)
PPG Industries Inc. is comprised of three following basic business segments: coatings, glass and chemicals. PPG Industries Inc. has a market cap of $15.46 billion; its shares were traded at around $101.29 with a P/E ratio of 14.09 and P/S ratio of 1.04. On April 19, the company increased its quarterly dividend 3.5% to $0.59 per share. The dividend is payable June 12 to shareholders of record May 10. The yield based on the new payout is 2.3%.
PPG Industries reported net sales for the first quarter 2012 of $3.8 billion, an increase of 6 percent versus the prior year’s first quarter. Net income for the quarter was $13 million, or 8 cents per diluted share, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring charges, was $279 million, or $1.81 per share. First quarter 2011 net sales were $3.5 billion, and net income was $228 million, or $1.40 per diluted share.
David Williams, Dodge & Cox, and Ken Fisher own shares of PPG stock.
Chairman and CEO Charles E. Bunch, Senior Vice President Finance and CFO David B. Navikas, and Director Thomas J. Usher sold shares of PPG stock.
Travelers Cos (TRV)
St. Paul Travelers is a provider of commercial property-liability insurance and asset management services. Travelers Cos has a market cap of $24.67 billion; its shares were traded at around $62.75 with a P/E ratio of 18.62 and P/S ratio of 0.97. On April 19, the company increased its quarterly dividend 12% to $0.46 per share. The dividend is payable June 29, 2012, to shareholders of record as of the close of business June 8, 2012. The yield based on the new payout is 3.0%.
The Travelers Companies Inc. reported net income of $806 million, or $2.02 per diluted share, for the quarter ended March 31, 2012, compared to $839 million, or $1.92 per diluted share in the prior year quarter. Operating income in the current quarter was $801 million, or $2.01 per diluted share, compared to $826 million, or $1.89 per diluted share, in the prior year quarter. Total revenues of $6.392 billion in the current quarter increased $114 million, or 2%, from the prior year quarter.
James Barrow and Mason Hawkins own shares of TRV stock.
Vice Chairman and CFO Jay S. Benet, Vice Chairman Charles J. Clarke, and Executive Vice President Business Insurance William E. Cunningham Jr. sold shares of TRV stock.
Rockwell Collins (COL)
Rockwell Collins Inc. is a world leader in providing aviation electronics and airborne and mobile communications products and systems for commercial and military applications. Rockwell Collins has a market cap of $8.26 billion; its shares were traded at around $55.56 with a P/E ratio of 13.96 and P/S ratio of 1.72. On April 18, the company increased its quarterly dividend 25% to $0.30 per share. The dividend is payable June 4, 2012, to shareholders of record at the close of business on May 14, 2012. The yield based on the new payout is 2.0%.
Ray Dalio, Jean-Marie Eveillard, and Joel Greenblatt bought shares of COL stock.
Chairman, President and CEO Clayton M. Jones, Senior Vice President and CFO Patrick E. Allen and Vice President and Treasurer Douglas E. Stenske sold shares of COL stock.
Kinder Morgan (KMI)
Kinder Morgan Inc. is engaged in energy transportation and storage in North America. Kinder Morgan has a market cap of $19.38 billion; its shares were traded at around $36.11 with a P/E ratio of 47.58 and P/S ratio of 2.34. On April 18th the company increased its quarterly dividend 10% to $0.32 per share. The dividend is payable on May 16, 2012, to shareholders of record as of April 30, 2012. The yield based on the new payout is 3.4%.
Rockwell Collins Inc. reported second quarter fiscal year 2012 net income of $161 million compared to $150 million in the same period last year. The company reported total sales of $1.16 billion for the second quarter of 2012, which were down 5% when compared to $1.22 billion reported for the same period a year ago.
Steve Mandel and Jean-Marie Eveillard own shares of KMI stock.
Chairman and CEO, 10% Owner Richard D. Kinder bought shares of KMI stock.
Director Henry Cornell, Director Kenneth A. Pontarelli, and 10% Owner Goldman Sachs Group Inc. sold shares of KMI stock.
Guru Discussed: Jean-Marie Eveillard: Current Portfolio, Stock Picks
Dodge & Cox: Current Portfolio, Stock Picks
Stocks Discussed: XTEX, PPG, TRV, COL, KMI,
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